There are many families with two or more cars that allow all the family members to do all the things they need to do on time. And you won't surprise anyone if there are two cars in your garage even if you are driving them all by yourself. Of course, owning multiple vehicles leads to higher costs related both with proper maintenance of each car and the insurance premiums that have to be met in order to keep your vehicles covered. However, you can save really good if you own two or more cars since there are very attractive discounts for multiple car owners.
Multiple car owner is one of the most attractive and easy to get discounts available on the market. Most insurance companies carry this discount in order to encourage multiple car owners to go with the same provider instead of buying policies from different companies. The more cars a company gets to insure the higher is their revenue so they will certainly look for ways to attract their clients to insure more cars with them. Besides, the paperwork gets simpler this way because you have one policy for two or more cars. It doesn't matter whether you're the sole proprietor and driver of vehicles being insured or your entire family has cars they use. The main requirement is to have the same street address where all the listed drivers reside in. You can even include a teen driver to the policy in order to cut the rates since the multiple car discount will reduce the naturally high premium of the young driver.
The amount of discount you will get depends on the provider you get your policy from. It can be usually seen when comparing car insurance quotes before the purchase since most providers will try to attract you with a respective discount. In average this discount can account for 10-20% of your premium and you can also get certain incentives for prolonging your policy with the same provider. For example, some companies will give you 5% off your premium on each car for each year of prolonging the policy. Other companies may transit your no-claims discount on all the vehicles you own if you haven't filed any insurance claims for a couple of years. Shop around comparing the discounts just as you do when comparing car insurance quotes to get the most attractive one. Sometimes you can save pretty well with multiple car discounts even if the initial car insurance quotes you got from the respective provider weren't the most competitive.
Car insurance can sometimes be confusing especially if you have never dealt with it or wondered how your insurance costs can be reduced. If you want to optimize your expenses through the means of effective car insurance shopping or just want to get a decent policy right from the start there are certain things you have to know about auto insurance. Just make sure to keep in mind the following aspects of auto insurance in order to avoid ending up with a costly policy that won't meet your requirements:
When assessing your needs or already comparing car insurance quotes keep in mind that the more coverage you get with your policy the more expensive it will turn out. Having a lot of coverage is always good because you never know how much money will you actually need after a car accident.