Multi car insurance is a type of auto insurance coverage that is designed to provide coverage for multiple automobiles. Many insurance companies offer multi car insurance plans that will cover more than just one automobile. If you include the second owner on your policy with the same owner, the coverage can then cover as many as five vehicles. Even if two or more people have been named on the coverage it can typically cover as many as seven vehicles. However, if the company is offering the multi car insurance for you, they are not likely to offer something that is cheaper unless it fits into your policy.
Insurance companies that offer multi-car coverages generally include a wide variety of different types of insurance coverage for vehicles that are included on their policies. These different kinds of coverage can include comprehensive and collision coverages. This means that they will pay for repairs for your vehicle after it is damaged by a fire, hit by a vehicle or stolen from you. They can also cover your medical expenses in the case of an accident. Some policies will also include uninsured motorist coverage. This type of coverage protects you if you are in an accident with someone who is driving illegally without insurance.
You should consider paying for more than just the motorist bodily injury portion of your car insurance policy. Your coverage can include property damage and bodily injury as well. Some companies might offer you a discount if you insure more than two cars with them. If you do not currently have auto insurance for multiple automobiles, you may be able to save money by taking this extra step to purchase one. In many cases, you can get a significant reduction in the cost of your premiums by insuring two cars. You may also save money if you buy a car that is very similar to one of your current vehicles.
You should also shop around when you are looking for insurance. Each insurance company offers different discounts for various reasons. If you can find one good price on a vehicle from a highly rated insurance company, you could qualify for a discount that includes multiple vehicles with the same insurance company.
Some insurance companies offer discounts for good drivers. If you have been a good driver for a period of time, you could qualify for a safe driver discount. In addition, good drivers can often qualify for a multi car discount. If you have a car that was financed in the past with a car loan, you may qualify for a zero down payment discount. You should ask your provider about these discounts before you buy your first car. It never hurts to ask.
Another way that you can save money on a multi car insurance policy is to choose multiple vehicles. You can insure two cars or four cars with the same insurer. You may be able to insure two vehicles at a significantly lower rate if the cars have similar styling and quality. Also, smaller, inexpensive vehicles tend to have lower insurance rates.
Yet another way to save money is to choose the same auto insurance company for all of your cars. Insurance companies often offer discounts for more than one company. That’s because they are competing for your business. If you have a home, and you own more than one vehicle, you may qualify for a multiple car discount from your homeowner insurance company. If you have more than one vehicle, you may qualify for a discount from your automobile insurance company. Either way, make sure to compare your quotes thoroughly between the various auto insurance companies that you are interested in dealing with.
The bottom line is that it takes more than just the brand of cars that you drive to get great savings. Even within a manufacturer’s product range, there are differences in auto insurance companies’ coverage guidelines. By comparison shopping online you can narrow down the list of insurers who will provide you with a good deal on your coverage. And by understanding the nature of your coverage you’ll be better prepared to select the best coverage for your individual situation.