When you buy a new car, you’re immediately faced with the question of the right car insurance. But what happens if you accidentally or intentionally take out two car insurances at the same time? Does that even make sense, or is it a classic waste of money? In this article, we’ll get to the bottom of these questions and show you what to look out for.
Double Coverage – Double Protection?
The idea behind having two car insurances at the same time might seem tempting at first: double protection in the event of damage. But the reality is different. Basically, only one car liability insurance policy is permitted per vehicle. This legally required insurance covers damages that you cause to others with your vehicle. If you still take out two liability insurances, neither of the two insurances will pay the full amount in the event of a claim. Instead, the liability is split between the two insurance companies.
Car keys and insurance policy document on a table, representing car insurance options
The situation is different with voluntary additional insurances, such as partial or comprehensive coverage. Here it is quite possible and in some cases even sensible to have two insurances at the same time. For example, you could opt for partial coverage with one insurance company and additionally for comprehensive coverage with better benefits from another company.
When are two car insurances at the same time useful?
Although double car liability insurance doesn’t make sense, there are some scenarios in which two car insurances can offer advantages at the same time:
- Specialized Insurance: For classic cars, youngtimers or tuned vehicles, there are special insurances with individual benefits. In this case, it may be useful to take out a specialized insurance in addition to regular car insurance.
- Additional Benefits: If you want additional protection, e.g. abroad or in the event of gross negligence, you can cover this with separate additional insurance.
- HUK24 Mail: If you are looking for affordable and at the same time high-performance car insurance, HUK24 offers attractive online rates.
Important points with two car insurances
If you decide to take out two car insurances, there are a few important points to consider:
- Transparency: Inform both insurance companies that another contract exists.
- Terms and Conditions: Compare the benefits and exclusions of both insurances carefully.
- Costs: Check whether the additional costs for the second insurance are proportionate to the scope of benefits.
Conclusion
Basically: Double car liability insurance is not possible and not useful. However, with voluntary additional insurance, it can make sense to take out several contracts in order to obtain the best possible protection.
Do you have further questions about car insurance? Our experts at Auto Repair Aid are always available to help and advise you. Simply contact us via our website!
