Auto insurance-can we do this?

[arch01]

(F/U to DH's totaled car post)

DH has had a rough year when it comes to accidents-2 at-fault, one being with a (likely) totaled car.

Knock on wood, my record is clear-at least for the past 3 years. 

The cars are all in DH's name for a variety of reasons. If we need to we can switch them to my name, but we don't really want to go through the hassle of it unless necessary.

As a married couple, can we have separate policies if it works out to be cheaper that way? Due to his record, we don't qualify for accident forgiveness. If I was on my own, I would. 

He rarely drives my car and I rarely drive his truck/car. He will be getting an old beater car once the claim is settled with his wrecked car. We're in NC if that matters.

[illgetthere]

You can have separate policies, but they ask for the info of everyone living in the house (edit: so it won't give you a better deal). You will each still be covered under the other's policy in case you were to borrow a vehicle. The only way for yours to be lower is to sign a paper explicitly excluding your h from your policy.

[Deleted]

Does your state offer driver exclusions? Insurance companies usually look at the records of all family members in the household when determining rates. Some states allow a driver exclusion, but your husband wouldn't be able to drive any of the vehicles on your policy under any circumstances. Also, you often get discounts for policies with multiple drivers and and vehicles, so you'd be losing those discounts that sometimes amount to quite a bit.

I'd work with an insurance agent, because they know best how to work around these things. A good agent can easily run the numbers for all scenarios.

[arch01]

Feb 8, 2016 9:46:05 GMT -5 papiercherri said:

Does your state offer driver exclusions? Insurance companies usually look at the records of all family members in the household when determining rates. Some states allow a driver exclusion, but your husband wouldn't be able to drive any of the vehicles on your policy under any circumstances. Also, you often get discounts for policies with multiple drivers and and vehicles, so you'd be losing those discounts that sometimes amount to quite a bit.

I'd work with an insurance agent, because they know best how to work around these things. A good agent can easily run the numbers for all scenarios.

Not sure. At this point I'm so tired of talking to the agent regarding rates (we were wanting to switch from USAA) that I dread going back to him. I guess I need to suck it up and talk to him again.

[Deleted]

Feb 8, 2016 9:49:56 GMT -5 arch01 said:

Feb 8, 2016 9:46:05 GMT -5 papiercherri said:

Does your state offer driver exclusions? Insurance companies usually look at the records of all family members in the household when determining rates. Some states allow a driver exclusion, but your husband wouldn't be able to drive any of the vehicles on your policy under any circumstances. Also, you often get discounts for policies with multiple drivers and and vehicles, so you'd be losing those discounts that sometimes amount to quite a bit.

I'd work with an insurance agent, because they know best how to work around these things. A good agent can easily run the numbers for all scenarios.

Not sure. At this point I'm so tired of talking to the agent regarding rates (we were wanting to switch from USAA) that I dread going back to him. I guess I need to suck it up and talk to him again.

Perhaps look for an insurance broker instead of an agent. Brokers work with multiple companies and do comparisons for all of them. Rates can vary massively between companies.

[arch01]

Feb 8, 2016 10:34:19 GMT -5 papiercherri said:

Feb 8, 2016 9:49:56 GMT -5 arch01 said:

Not sure. At this point I'm so tired of talking to the agent regarding rates (we were wanting to switch from USAA) that I dread going back to him. I guess I need to suck it up and talk to him again.

Perhaps look for an insurance broker instead of an agent. Brokers work with multiple companies and do comparisons for all of them. Rates can vary massively between companies.

I also went through SelectQuote-I won't use them again though since the guy started a homeowners policy without my consent. My last email to him was, "Thank you for the information, we are considering our options. I will let you know what we decide." I just got a bill from Nationwide Saturday. I called Nationwide and sure enough, a policy started 3 weeks ago. 

I need to look into a local broker.

[AAM2012]

Feb 8, 2016 9:49:56 GMT -5 arch01 said:

Feb 8, 2016 9:46:05 GMT -5 papiercherri said:

Does your state offer driver exclusions? Insurance companies usually look at the records of all family members in the household when determining rates. Some states allow a driver exclusion, but your husband wouldn't be able to drive any of the vehicles on your policy under any circumstances. Also, you often get discounts for policies with multiple drivers and and vehicles, so you'd be losing those discounts that sometimes amount to quite a bit.

I'd work with an insurance agent, because they know best how to work around these things. A good agent can easily run the numbers for all scenarios.

Not sure. At this point I'm so tired of talking to the agent regarding rates (we were wanting to switch from USAA) that I dread going back to him. I guess I need to suck it up and talk to him again.

You can typically have two separate policies but I doubt it would be cheaper since the risk of the two drivers are still the same.

[Mashara]

I think it could be cheaper to have the policies in one name versus the other, if one of you has a significantly better credit score. But the driver risk is still the same, and splitting policies to different companies would lose the multi car discount.

Splitting policies with the same company wouldn't work. We had State Farm with two different policies (from pre-marriage), and they still gave us the multi car discount.