Insure with Two Companies?

[lesnar]

I currently own a family minivan (Mazda MPV) and have a decent insurance rate with my current insurance company. However, i'm thinking of getting a sports car (350Z). I got a good price from ANOTHER company. My current insurance company won't be able to match the competition for a sports car. Question is, can I own two cars each with a different insurance company under my name?

[dassub]

Of course you can, I already do it with my Audi and Mustang.

[kcorscadden]

Of course you can do it, but why pay 2 premiums?

If this "ANOTHER" company gave you such a good rate for the sports car, ask them about the MPV too. Insurance companies usually give a little discount since you are insuring more than one vehicle. The more vehicles you insure with them, the bigger the discount USUALLY, doesn't always work as you have seen with your current company. Who knows, they may offer a better rate than your current insurance company.

[mau108]

actually if you have 3 cars and 3 drivers, the premiums of going with seperate companies will be alot better then having all 3 cars on one insurance company (trust me, I had 3 cars and 3 drivers, me being 20 just sky rocketed)

I'd say if it works for you go for it, I never knew you can have separate companies as they are linked together in the system and if they find out your with different company for insurance will they not increase the rates?

[kcorscadden]

actually if you have 3 cars and 3 drivers, the premiums of going with seperate companies will be alot better then having all 3 cars on one insurance company (trust me, I had 3 cars and 3 drivers, me being 20 just sky rocketed)

I'd say if it works for you go for it, I never knew you can have separate companies as they are linked together in the system and if they find out your with different company for insurance will they not increase the rates?

So based on what you said, you were only 20 yrs old and had 3 cars? There's your problem. You hadn't reached the 25 yr old discount, assuming I understand you correctly. Obviously, the insurance companies

Depending on how old you are, your history, your experience and the type of vehicle you are insuring, you could a discount from your current insurer. If you have never been a pain to the insurance company and been with them for some time, they may give you a discount. It all depends on your history.

So it is something to pursue, but don't be surprised if a different company give you a better rate.

[tataynik]

I currently own a family minivan (Mazda MPV) and have a decent insurance rate with my current insurance company. However, i'm thinking of getting a sports car (350Z). I got a good price from ANOTHER company. My current insurance company won't be able to match the competition for a sports car. Question is, can I own two cars each with a different insurance company under my name?

There is nothing to stop you from insuring w/ 2 diff. companies, you are just losing out on the multi-vehicle discount which is normally 10-15% on each car depending on the company. Also you can have a situation where if you got into an accident as a passenger in another vehicle, which of your 2 companies will be covering your medical expenses?

[tataynik]

actually if you have 3 cars and 3 drivers, the premiums of going with seperate companies will be alot better then having all 3 cars on one insurance company (trust me, I had 3 cars and 3 drivers, me being 20 just sky rocketed)

I'd say if it works for you go for it, I never knew you can have separate companies as they are linked together in the system and if they find out your with different company for insurance will they not increase the rates?

Kcorscadden is right, it is your age that is the culprit. once you reach 25, the so-called age surcharge (which is higher on males) will disappear. Your premium sky-rocketed when the 3rd car was added because now you are a principal driver rather than an occasional driver on the cheapest car of the 2. Might not work out the same for OP assuming he is the only driver or 2nd driver is over 25, clean record, licensed for a long time, etc. etc. Companies are not "linked in the system" and could not increase your rates even if you are insured on another car with another company.