If Car Is Joint Titled Who Carries Insurance On It

Who Carries Insurance on Jointly Titled Cars?

When a car is jointly titled, it means that two or more people own the car, and their names are on the title. This is often seen with married couples, but it can be done with any two people, including friends and family members. This may seem like a good idea, but it can also create a few complications, such as when it comes to insurance. So, who carries insurance on a jointly titled car?

Insurance for Jointly Titled Cars

The answer to this question is not always clear. In some cases, both owners may be required to carry insurance on the jointly titled car. For example, if the car is owned by two married individuals, both of them may be required to carry an insurance policy that covers the car. This is because both owners of the car are legally responsible for any damage that the car may cause, regardless of who is driving it.

Insurance Requirements

The insurance requirements for jointly titled cars can vary depending on the state in which the car is registered. In some states, only one owner of the car is required to carry insurance. In other states, both owners are required to carry insurance on the jointly titled car. It is important to check with the state’s department of motor vehicles to find out what the specific regulations are.

Insuring Multiple Cars

If both owners of the jointly titled car decide that they want to carry insurance on the car, it is possible to do so. In this case, both owners will need to purchase separate insurance policies for the jointly titled car. This can be an expensive option since the cost of the insurance will be split between two people. However, it is important to note that if both owners are required to carry insurance, this is the only way to do it.

Insuring Only One Car

If only one of the owners of the jointly titled car is required to carry insurance, then it is possible for the other owner to be excluded from the policy. This is known as an exclusionary policy. In this case, the owner of the car who is not required to carry insurance can be excluded from the policy so that the cost of the coverage is not split between two people. This can also be an expensive option since the cost of the insurance will be higher for the one owner who must carry the policy.

The Bottom Line

When it comes to jointly titled cars, it is important to understand who is required to carry insurance. In some cases, both owners may be required to carry separate insurance policies for the car. In other cases, only one of the owners may be required to carry insurance, and the other owner can be excluded from the policy. It is important to check with the state’s department of motor vehicles to find out what the specific regulations are.