Stacking auto insurance coverage limits is allowed in almost half the states of the country and more states are considering enacting legislation that would allow the practice as well.
First, you should determine if your state allows
stacking auto insurance coverage.
If you have assets you want to protect,
stacking auto insurance coverage is always a good idea.
Obviously, the largest advantage to
stacking auto insurance coverage is the ability to substantially increase your policy limits for multiple vehicles.
Stacking auto insurance coverage usually refers to increasing the limits for your uninsured motorists and underinsured motorist coverage policies.
The biggest potential drawback with
stacking auto insurance coverage is the car insurance industry itself.
While only a few years ago
stacking auto insurance coverage in most states was prohibited, now almost half of the United States allow for some form of coverage stacking.
While
stacking auto insurance coverage offers many benefits to the consumer, insurance companies may make it too expensive to be feasible in the end.
You can only
stack auto insurance coverage if you have more than one vehicle.
Not exact matches
Insurance trade group officer Daniel Kummer explains that stacking uninsured / underinsured motorist coverages means «you can collect from more than one of your auto insurance
Insurance trade group officer Daniel Kummer explains that
stacking uninsured / underinsured motorist
coverages means «you can collect from more than one of your
auto insurance insurance policies.
With a single car
auto insurance policy, there is usually not any type of multiple
coverage to
stack.
If you're thinking about purchasing home
insurance in addition to your
auto coverage, it's worth finding out how Progressive
stacks up against your current provider — bundling could save you money on your monthly
insurance costs.