Stacking auto insurance coverage is an excellent way of raising the policy limits of your uninsured motorist or underinsured motorist bodily injury coverage. 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.
You can only stack auto insurance coverage if you have more than one vehicle. However, if you have two or more vehicles, you can substantially increase the bodily injury coverage limits for your uninsured motorist policy. For example, if you have 2 vehicles, with uninsured motorists coverage limits of $100,000/$200,000 on both vehicles, you can choose to stack the coverage thus effectively increasing the policy limits to $200,000/$400,000. Adding a third vehicle would increase the limits to $300,000 and $600,000, and so on and so forth.
Here is a quick step-by-step guide to help you stack your auto insurance coverage.
First, you should determine if your state allows stacking auto insurance coverage. The best way to do this is to simply call your insurance agent and ask them if stacking coverage is allowed in your state.
Speak with your agent about the premium cost for stacking the coverage and determine if it is something you can afford. While you will not be changing the individual policies on each vehicle, stacking the coverage will usually cause the insurance company to charge a slightly higher premium.
If the added cost of stacking the coverage is acceptable to you, simply inform the agent you want to change a policy and pay the increased premium amount.