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Multi-Car Insurance Discounts

How to Get Multi-Car Discounts and Save on Auto Coverage

You just took that financial plunge and bought another car. Whether your oldest child needs a car for driving to and from school or your spouse needs to get to work safely, you now need to seek out adequate insurance coverage to protect your loved ones, other drivers, and your new investment. You do not need to start from scratch looking for a new policy; you can bundle your vehicle policies together for a discount.

This type of discount can save you hundreds of dollars each year without changing features within your policy. While many people know that multi-car discounts are available on auto insurance policies, a surprising number do not take advantage of this type of policy discount. Get the information you need by contacting a local independent agent in the Trusted Choice® network today and find out how you can save.


A Few Facts About Multi-Car Discounts

  • Whether you are single or have a family, you can take advantage of multi-car discounts
  • Bad driving habits will raise your premiums, so be sure to keep a clean record
  • Know your policy; some insurance providers require the same level of coverage to be eligible for multi-car discounts

Multiple Cars in One Household? You Can Save

For one household, you can typically get multi-car discounts when you insure more than one car with the same insurance company. There are a few restrictions to consider. For example, if the second vehicle is currently in storage, the multi-car discount will most likely not be applicable. Also, in order to get multi-car discounts, you must have personal liability and property damage coverage on each vehicle.

You can save with a multi-car discount if you have a teen driver in your household that has an individual policy with the same company. Because insurance costs for young drivers can be far greater than yours as an adult parent, you want to look for every opportunity to lower the cost of covering your family.

Remember that your multi-car discounts are not compound discounts. The discount will be added to each individual vehicle once. For instance, when you add the second vehicle to the policy, you will receive a discount on both vehicles. If you add a third vehicle, the discount will apply to the third vehicle, while the first two vehicles remain at the same already-adjusted premium.


What About Trucks, Vans and Boats?

Of course you and the other members of your household may use a range of other vehicles and recreational toys. You will want to ask whether you qualify for multi-car discounts and multi-policy discounts for these items, too. Bundling all of your coverage with one insurance carrier is a great way to save money, especially when you stick with a leading provider that has excellent rates.

Multi-policy discounts are usually available if you have multiple motorcycles, boats, and even RVs. If you have one car and perhaps a boat, an independent agent can typically help you find a multi-policy discount if you move all of your policies under one insurance carrier. It pays to shop around. Independent agents partner with multiple insurance companies, so they can do this comparison shopping for you and find the best multi-vehicle policy at the right price for your budget.


Discounts for Being Married, Having Roommates or Dating

Contrary to popular belief, you do not have to be married to receive multi-car discounts available from your insurance provider. Two individuals who are living together or even dating can receive multi-car discounts. Most major insurance carriers have policies readily available for people living together.

With the vast amounts of information available on multi-car discounts, it is easy to become confused as to which course of action to take. Speak with an independent agent in the Trusted Choice network to get the best help available and find the right multi-car discount insurance policy for you. Contact a local agent today to get started.

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