Yes, you can have two separate policies. This can have its advantages in some cases. Being excluded means that you wouldn't be covered by the policy at all. In certain situations, you can have two car insurance policies in the same household.
This can include a married couple who wants to maintain separate policies or a situation where a child has their own car, separate from their parents, with their own policy. Yes, two people in the same household can have two different car insurance policies. In some cases, such as someone living with a roommate, both people should have absolutely separate policies. People who live in the same space but who maintain separate finances probably don't have a compelling reason to share car insurance.
It's not illegal to have two car insurance policies, so you don't have to worry about having legal problems from having two insurance policies. If you're thinking of dividing car insurance policies between you and your spouse, check out the marriage and car insurance policy guide. If you have a car accident, filing two claims with two different insurance providers constitutes insurance fraud even with two car policies. While no law prohibits you from buying two policies from two different companies, an insurer won't allow you to buy two policies for the same car.
For example, a driver who has comprehensive insurance is covered against theft, so if your car is stolen, you will receive a payment from your insurance company. Unfortunately, you don't feel comfortable allowing him to drive your car and you're worried that adding it to your insurance policy could cause your rate to go up. A multi-vehicle discount is a discount offered to someone who insures more than one vehicle on the same insurance policy. Before you decide to exclude a driver from your insurance policy, talk to your insurance agent about your specific situation.
When an insurer asks you to make a list of the members of your household, it is trying to get a full picture of your situation and the extent of the risk you will insure. Generally speaking, insurers will ask you to make a list of all the members of the household when you apply for an auto insurance policy. This information may be different from what you see when you visit the website of an insurance provider, insurance agency, or insurance company. If your insurance company refuses to insure a high-risk driver in your home, or if you find cheaper rates for the driver at a second company, you can maintain a separate policy for them.
However, you can't file the same claim twice, so just because there isn't a law that prohibits it doesn't mean it's a good idea to insure the same car with two different policies. So, call your insurance company to find out if your cousin might be excluded from your car insurance policy. Check with major insurance companies to explore your options and find the right policy for you and your insurance goals. The consequences of not informing your insurance company about drivers who live with you can be costly if the insurance company discovers missing information, such as denial of coverage, policy cancellation, or termination.