Can you have two car insurance policies at the same time for one car?

Tunstallstoven · 4 December 2019 at 10:26PM

Hi

I want to take out Home Insurance with LV, but they have the seemingly bizarre stipulation whereby they don't offer insurance if you have oil central heating... Unless you have car insurance with them! Very odd!

Anyhow, our car insurance with Admiral doesn't run out until the end of Feb, and I think it would work out cheaper to keep it running than it would to cancel it.

So if we went ahead, for the next 2-3 months we'd have two insurance policies on the same car. Is that allowed? is that a problem.

To throw an additional spanner into the works, I am currently the policy holder and my partner a named driver. On the new policy we'd want it the other way around...

Many thanks

MovingForwards · 4 December 2019 at 10:50PM

Have you had a car insurance quote from them to see how competitive they are?

Are LV the only insurer for your property?

MovingForwards · 4 December 2019 at 10:51PM

Re: two policies, no, you shouldn't have two policies on one car as potentially the two insurance companies argue who will deal with a claim, or how much each will pay.

etienneg · 5 December 2019 at 11:27AM

There's no legal prohibition on having more than one policy at the same time. However, as mentioned above, there could be problems in the event of a claim.

Normally when something is insured twice the insurers have to split the claim, so there would be additional hassle dealing with both insurers and getting them to agree the same outcome, etc. However, changing the policy holder/additional driver would add further complication here, as they could both easily argue that one or the other policy was invalid due to false information (you can't both be the main driver!).

You must decide if this risk is worth saving the cancellation fee.

System · 5 December 2019 at 12:24PM

etienneg wrote: »

However, changing the policy holder/additional driver would add further complication here, as they could both easily argue that one or the other policy was invalid due to false information (you can't both be the main driver!).

.

The policyholder is not necessarily the main driver.

garth549 · 5 December 2019 at 2:39PM

Yes as above it can cause issues as they'll generally both have a term on the policy that says if there's another policy active then you must claim from that one! So both might refuse a claim.

They'd never get away with this on complaining to the ombudsman though and would likely have to split it 50/50.

Can you have two car insurance policies at the same time for one car?

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