It’s time to update your auto insurance plan. Now that you
are living with someone else, and potentially someone else is driving your
vehicle, should you list the other party on your car insurance policy? It is
not necessarily difficult for two people who are not married to be added to the
same auto insurance plan. In fact, it is quite common to do so. Before you make
this decision, there are a few key things to keep in mind about the process of getting
high-quality and affordable car insurance.
Who Owns the Vehicle?
Most auto insurance policies should be in the name of the
person that owns the car. For example, perhaps you and your friend purchased a
vehicle together and both of your names are listed on the title. That’s great
and generally isn’t a problem. If the other person does not have an actual
ownership in the vehicle, it is still possible to add them to your policy.
Doing so makes them responsible for a few things:
are responsible for ensuring the payment and premium costs are paid.
are just as responsible as you are in situations where claims are made
against your liability insurance.
drivers may be required to meet the deductible and other clauses in the
policy to benefit from the plan.
It’s important to also know that, in most cases, it is less
expensive for two people to be on one car insurance plan than to have two
separate policies (another option you may have). And, if you jointly own or
share two or more vehicles, it is often best to have one policy that covers all
vehicles and all drivers (that can also help you to save money).
Nevertheless, every situation is unique. Not all auto
insurance companies offer this same level and type of coverage. And, in many
cases, you’ll find pricing varies significantly. You don’t have to be married,
though, to jointly own a vehicle or a policy for that vehicle. And, it may be
cheaper, in fact, that have one policy instead of two. For these reasons, you
may want to consider this process if you are living in the same household and
using the same vehicle.
Contact Mitchell & Mitchell Insurance Agency, Inc. at (888) 512-8878 for a San Francisco auto
insurance quote today.