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Insurance laws are based on vehicle coverage rather than driver coverage. Even if each vehicle has the same make and model, each has a different VIN (Vehicle Identification Number. Although no ne else is listed as drivers, other drivers may legally drive your car with permission (e.g. lend your car to someone insured or not) and your insurer ultimately may have to pay if that driver causes damage to property or people. Other "Murphy's law" items include... your parked car rolls down a hill and hits something/someone. Rooftop parking collapses due to weight of car. Explosions....etc. You usually get a multicar discount (although it is clearly not 1/2). If it were possible to guarantee that no-one else drives the cars, that you are perfectly honest, then the premium should (in theory) be half. BUT, most full coverage covers the car, not just who drives the car.

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โˆ™ 2014-09-14 21:17:23
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Q: Why is liability insurance required on two identical vehicles owned by the same person with no other drivers?
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Related Questions

What type of insurance must you have on motor vehicles with four wheels?

liability insurance


Does liability insurance fullfill coverage law on any car owned even if its not listed on the card?

Liability Insurance on a personal policy does not cover all vehicles owned. It covers all vehicles listed on the policy. If your state requires you to have liability insurance cards for each vehicle then a card will be given to you for each listed vehicle. In Georgia the State requires that each insurance company electronically transmit to the State Department of Motor Vehicles issuance and cancellation of all vehicles for required insurance. The Officer can take the tag number and verify that it has insurance on it that day. It works much better that I thought it would.


Does liability insurance cover towing for the insurer?

Liability insurance only covers damage you did to the other vehicles, property, and persons. It does not cover any damage to your vehicle or yourself. Towing your vehicle would only be required if it was damaged, so your liability insurance won't cover it (but the other person's liability might depending on the actual findings of fault).


Is sr22 insurance provided by private insurance companies?

In the United States, an SR-22 is a vehicle liability insurance document used by some state Department of Motor Vehicles (DMV) offices. It provides proof that a driver has the minimum required liability insurance coverage for that particular state.


What type of insurance must you have on motor vehicles with four or more wheel?

Liability insurance


What is the advantage to having liability insurance on older vehicles?

It does not matter how old your vehicles is. Liability insurance is for your protection and I believe mandatory. If you are at fault that is where your insurance company will pay for the damages and injuries you caused to another person or vehicle. J


Does a farm vehicle need insurance in Florida?

Farm Vehicles being operated on private property do not need liability Insurance. Only if you take the vehicle onto a public road, you will need the insurance required by law.


What coverages does a company have to carry on work vehicles?

Liability or fleet insurance


Is special insurance required for tipper vans?

Yes special insurance is required for all "working" vehicles, that is vehicles that do heavy work. Garbage trucks and other Tipper vehicles require insurance that reflects the heavy work they do.


What types of vehicles is auto insurance required for?

Any Vehicle that is road worth must have insurance for at least liability. If the vehicle is not road worthy it does not have to have insurance but will not be covered for anything if someone were to damage it by fire or theft. Insurance may also differ from country to country.


Does State Farm offer commercial liability insurance?

Yes, according to StateFarm's website, they do offer commercial liability insurance for work vehicles. http://www.statefarm.com/insurance/business/commercial-auto-insurance.asp


Are you required to have insurance on your car if it will not be driven?

no, as long as the vehical is stored in your garage the homeowners policy were cover it. otherwise no insurance is not required. although u must make sure you do not drive it. if you are caught driving it you will be ticketed and insurance may be hard to egt once hat violation is on your record. I don't know what state you are in, but in Kansas all motor vehicles you own are required by state law to have liability insurance reguardless if you drive them or not. KSA 40-3104 There isn't any homeowner's insurance coverage that I know of that will cover an automobile. The first answer is 100% wrong. Most states require that all vehicles with a valid registration have liability coverage however a person can usually get that waived for vehicles that will be stored for long periods of time.


Do I need to purchase liability insurance for my snowmobiles?

State farm offer insurance for all types of vehicles you should give them a call.


Do motorcycles licensed for street use still need liability insurance coverage?

Yes. Off road vehicles do not require insurance.


Is liability car insurance required for all vehicles in all states?

New Hampshire and Wisconsin are the only two states in the US that do not require that you have some type of liability insurance. However, this doesn't mean that you don't have to pay if you are in an auto accident. Yes it is. Every state in the union has as least some liability insurance requirement. Here's a list: http://personalinsure.about.com/cs/vehicleratings/a/blautominimum.htm (scroll down a bit).


Do you need to get an umbrella policy from the same insurance company that covers your car and home insurance?

Yes. Most companies that offer umbrella or excess liability policies will not offer such a policy unless they also insure your home and or vehicles. The reason for this is that under the policy you are required to carry policies on your home and vehicles but are required to carry certain limits of liability on these policies. It s much easier for the company to monitor these policies and required limits if they handle these policies. There are some companies that will write these separately but the prices are much higher under these circumstances.


What does auto liability insurance cover?

Auto liability insurance is specifically designed to cover any damage caused to other vehicles if you have an accident. It does not cover reapirs to your own vehicle. It is by law the minimum requirement for insurance in every state.


What type of insurance must you have on motor vehicles with 4 or more wheels?

At least liability. If you're still making payments, or someone holds a lien on that vehicle, then you're required to have full coverage.


What type of insurance do you need for your small business to subcontract on commercial jobs?

To start with you would definitely need liability. And if you have employees workmans comp. You don't state what type of business you're in and I don't know if there would be any specialized insurance involved. Do your research and start calling ins. brokers. A 2: Sounds lke you might need Public liability insurance (covers the cost of compensation from anybody injured). You still need to check with your insurance broker before making any decision on the type of insurance you require -------------- subcontractors normally are required to carry and be able to verify their workers comp and state unemployment insurance. There is sometimes a performance bond required for the amount of the work. If vehicles are involved at least basic liability coverage which covers business use of the vehicles. You will most likely be required to sign an agreement indemnifying the owner or general contractor from liability for you workmanship, procedures etc. As above a public liability policy is a good idea to protect yourself.


Is there cheap van insurance for a new van?

Yes! You can find inexpensive van insurance for new vehicles depending on if you want full or liability insurance. If you don't have to carry full insurance, you can purchase liability insurance which is usually cheaper than full insurance. If you want to ensure you have the lowest price, shop around.


Where can one purchase motor trader insurance?

Motor trader insurance is available from a number of car insurance companies. You can find it on line, through brokers and if you approach insurance companies directly. It will include cover for driving vehicles, public liability, employer's liability and asset cover.


Do you have to have insurance to reinstate your license?

Only VEHICLES are required to be insured, not individual drivers.


Can you insure a vehicle with a salvage title?

Yes and no. Insurance companies, as a general rule, will not provide full coverage insurance for vehicles with salvage titles they will however provide liability only insurance.


Do you need auto insurance when owning a tomos streetmate Moped?

Yes. Mopeds, like all motorized vehicles require liability insurance. The cost for basic liability is about $80 a year for any size scooter, moped, or motorcycle.


What insurance companies cover damage from a car wreck?

There are many insurance companies which provide coverage on wrecked vehicles. Typically, these vehicles will need to be fully insurance. Liability insurance does not cover a wreck. Geico, Progressive, Allstate, and State Farm all have policies which cover a vehicle in case of a wreck.