2019 Auto Insurance You have just gotten a second car and you want to make sure that you will get it insured. How will you drive on the road knowing that you do not have car insurance? It can be even more challenging when you live in a place wherein car insurance is mandatory before will be allowed to drive your car. You are already paying a lot of money for your first car insurance. How are you going to afford your second car insurance? You have the power to search for American classic car insurance if you need to. What you have to do is to research. You want to make sure that all of your questions are answered first before you make a decision.

Multi-Car Insurance is Cheaper than Single-Car Insurance Policy

This is something that you should know. Insuring just one vehicle is going to be more expensive as compared to insuring multiple cars in just one company. There are different households right now that own more than one car.

You do not have to worry about finding the right car insurance company because most, if not all companies offer multiple car insurance policies. When you bundle more than one car in one car insurance, you will be able to save more money in the long run.

What is the main reason why car insurance companies offer this type of car insurance? This is simple - they want you to become attracted to the insurance that they offer. If you feel that you can save more with one company over another insurance company, then you would choose that company over the others.

This type of car insurance is also more convenient as compared to having more than one car insurance policy for different cars. You just need to pay one premium every month. You only have to do one set of paperwork. There is no need anymore to fill up different documents for your different vehicles. Most car insurance policies will be able to insure from two to five cars. You need to be sure that you are choosing the right car insurance company as some can only insure up to four cars.

Are They Always Going to be Cheaper?

One of the mistakes that people make is assuming that multiple-car insurance is always going to be cheaper but there are some factors that can make this more expensive as compared to single-policy vehicles. For example, the different vehicles have different drivers and one driver has experienced a lot of collisions over the past years. This will definitely affect the premium of the other drivers. This is something that you have to consider before you decide to push through with this type of insurance.

Some Requirements for Multi-Car Insurance Discounts

You may think that just because you are trying to insure multiple cars at the same time, you will already qualify for multi-car insurance. It does not work that way. There are various requirements that you need to know before you can get the discounts that you want:

  • The cars must all be parked in one property.
  • The cars should be passenger vehicles. This means that you cannot list down your company car for the multi-car policy even if it belongs to you.
  • Make sure that you have liability coverage before you get this type of insurance.

Take note that there are some companies that will only give multi-car insurance if there is only one driver for the different cars that you are trying to insure.

Secondary Vehicle Discounts for Low Usage

You may want to insure a vehicle that you do not use often. This may be the type of vehicle that you want to drive during the weekends. You can let your insurance agent know about this so that they can possibly provide discounts for the premium that you have to pay. Since you will only use your car scarcely, there is a bigger chance that you will not file claims.

What About Classic Car Discounts?

Owning a classic car can be a dream come true for you. This may be your secondary car because you just want to bring it out during special occasions. Remember that you would need comprehensive car insurance for this but do not worry because you will also pay less for your premium. Insurance companies know that you are not using your classic car often. There is a lesser chance that you will get into an accident and file claims as compared to using your regular car.

Conclusion

Multi-car policy may be one of the most popular policies that are available right now. You may own different vehicles or you want to make sure that all of the vehicles in your household have the right insurance. It will be cheaper to bundle multiple car insurance policies as compared to insure different cars under various companies. The best thing to do is to just add another vehicle to the policy that you already have so that you can get a discount.