How do you go about it if you own several cars and would like to buy auto insurance? First of all, know that most insurers allow the insured to include up to four cars on a single policy. By doing this, you will have a lower premium compared to buying a separate policy for each of your vehicles.
Some insurance agents recommend getting separate auto insurance for teenage drivers in the family while keeping a multi-car policy for the parents. This option can be less expensive for the family. You may shop around and ask for quotes from different insurance companies.
Concerns And Considerations
You have a classic car as well. If you combine both vehicles on the same auto insurance policy, your premium can get lower. However, if you rarely drive your classic car or are not using it at all, you may drop its liability coverage. Make sure to unregister your antique car as well. Keep your comprehensive coverage though, since you may need it in case of a fire, flood, or theft.
Another way to handle it is to buy specialty classic car policy for your antique automobile. This policy is typically designed for cars that are rarely driven and those that are displayed on car shows.
A married couple who own two vehicles. Basically, who drives what car does not matter when it comes to auto insurance. The number of vehicles and how many drivers in the household determine the rate that you will be paying. Insurers will typically advise you to list the couple as the primary drivers on both of their cars.
If you own several cars, your insurance company will likely require the same liability coverage for all of them. So, determine how much coverage you are willing to pay for your cars.
Also, if the car you are driving now is less than 10 years old, add optional coverage of comprehensive and collision policy. But, an insurance company will allow you to have comprehension and collision to one car only and not to the other. So, decide which one of your cars will have this policy.
Ultimately, if you add a new vehicle to your auto insurance, it has an impact on your premium. Contact an insurance agent for expert advice.
At Mauser & Tobin Co., Inc. we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (516) 747-0171 or Click Here to request a free quote.