As families age, kids become young adults, and adults get married, you might think about getting additional or multiple cars to get everyone around. If you own multiple vehicles, do you need multiple insurance policies? Not if you share the same address.
You might think otherwise, but having more than one car on the same policy will actually save you money on your car insurance. It’s called a “multi-car policy,” one that doesn’t differ much from a single-car policy. If you have two vehicles, having a multiple-car policy will be cheaper than having two separate single-car policies. And remember, things like your car-type will affect your insurance rate.
After finding your lowest quote through Smart Coverage, you’ll be able to combine both your property insurance and your auto insurance to save even more money while also getting some loyalty points with your insurance provider. Smart Coverage will show you how much you can save before you commit.
If you’re wondering if you should indeed bundle your multi-car policy with your home insurance, or how much you can save, check out our tip sheet.
Will your young son or daughter be getting behind the wheel of one of your additional vehicles? If they have been trained at a driving school, you can save even more when you ask about adding them to your policy.
Instead of getting different policies at different providers for each car, look at what discounts your primary insurer can offer you through multi-car bundling. You should be able to get anywhere from a 10% to 20% discount on your bill by adding cars to the same policy.
When you save money on your car insurance, it means you can have more to spend on things like fun road trips or needed vehicle maintenance. Always compare between insurers and choose the price that’s most attractive to you and your family.