In most states, you’re required to insure your car before you can drive it, but insuring a vehicle gets tricky when you’re sharing it with a roommate, friend, or other driver. In these scenarios, shared car insurance might be the ideal solution so that all of the drivers and the vehicle are protected.
If you and another driver use the same car more than 12 times a year, you can potentially share a car insurance policy. If you are a spouse of the primary driver of the car or if you live in the primary residence that’s listed on the policy, you’ll be required to be listed on the insurance, too, unless you have your own policy.
If you own a vehicle and a driver doesn’t live at your address but often uses your vehicle, they may be listed on a joint car insurance policy so both of you are insured drivers.
When buying car insurance for shared drivers, the individual who holds the title and registration in their name will usually be the one to purchase the policy. The second driver can then be listed as a covered driver on the insurance.
Sharing car insurance offers several benefits. You can potentially save money on the insurance, since you and a second driver are splitting the costs of a policy. Plus, buying shared car insurance can give you the peace of mind of knowing that both drivers and your car are appropriately insured.
Free Car Insurance Comparison - Save up to 30%
No junk mail. No spam calls. Free quotes.
No Signup required
To save on car insurance for shared drivers, shop around and compare quotes. Consider now only the premium costs, but also the coverage limits, deductible, and exclusions to find the best policy for you. You can get free, personalized car insurance quotes online today to start exploring your options.
While you don’t have to provide any specific documents to insure a shared vehicle, your insurance company will need some information, including the driver’s license, date of birth, address, and social security numbers of the drivers to be on the policy. You’ll also need to provide information on the vehicle, including its make, model, year, and vehicle identification number (VIN).
The cost of your shared car insurance depends on many factors, including the driving history and age of both drivers on the policy. The coverage could potentially be more expensive than an individual policy if the other driver has a poor driving record.
Shared car insurance can be a more convenient option than managing two separate insurance policies, plus it helps simplify your billing process.
