Reader’s Question:
How much discount can I expect by insuring two cars in one company? How do I get a good deal for multi vehicle insurance?
Josh
Anchorage, AK
Your patronage will of course come rewarded. Any company would appreciate the business that you bring in. So just as getting life, real estate and vehicle insurance from the same company can avail you of a good discount, having two cars insured under one vehicle insurance company can bring down your monthly premium.
It is not always that simple, though. I mean, if the other vehicle were a sports car with naturally more expensive parts, then you should still expect your premiums to be rather high. If the driver of the other car gets more tickets, then this could also raise your premiums. What I am saying then is that there are several factors that come into play when determining vehicle insurance premium. Among these are car value, car safety, car use and the drivers’ records.
All the same, Josh, you may expect to save up to 25 % on monthly insurance premium if you get what is generally called a Multi Car Discount. How much exactly depends a lot on your insurer. If you are able to find a vehicle insurance company that gives you as generous a discount as 25 % for multi vehicle insurance, though, you already have for yourself a great deal. Just don’t forget service and reliability are equally important.
