You can get a multi-car discount if you have more than one vehicle insured with the same insurance company. The 10 largest insurance companies offer discounts for multiple vehicles, and the requirements are often the same among insurers. However, the exact discount amounts may vary by company and state. Yes, you can get a multi-car discount if you have more than one vehicle on your Progressive auto insurance policy.
Just add any vehicle that belongs to your spouse, family member or roommate to your policy and you'll receive the discount for several vehicles as long as the car is mainly stored in your home. If you insure multiple cars with the same insurance company, you'll likely qualify for a multi-car discount. This type of discount is a great way to offset the cost of insuring multiple vehicles. Most auto insurance companies offer discounts for multiple cars or multiple vehicles for insuring more than one car with the same policy.
If you have to borrow your teen driver's car and you have an accident, your car's collision coverage won't cover damage to your teen driver's car. For example, if you add your car, your spouse's car, and your teen driver's car to the policy, all three cars will receive liability coverage. If you have more cars than drivers, each driver in the household will appear as the primary driver in a vehicle and the additional vehicles will be listed as an additional car. The details of any grace period will depend on your insurance company's rules and your state's laws, so check with your auto insurance company to make sure a new car is covered.
However, if you drive someone else's car regularly, you may feel safer if you buy a non-owner's car insurance policy to supplement the other driver's insurance. If you and your spouse each own a car and you're both on the same insurance policy, you'll be entitled to a multi-car discount. A multi-vehicle discount is simply a discount offered to a driver who insures more than one vehicle with the same insurance provider. Policygenius has analyzed the auto insurance rates provided by Quadrant Information Services for each zip code in all 50 states, plus Washington, D.
Every insurance company is different, so check with your insurance agent to find out how five or more vehicles are covered under the same policy. However, you should inform your insurer that the car will be stored (stored in a garage) in a different location than in your home for an extended period of time. Auto insurance companies are constantly reformulating the way they calculate rates, and if you gather some quotes, your current policy may be more expensive than others. However, while insuring two cars is more expensive than insuring a single vehicle, there are still ways to save money on a multi-car policy and find affordable rates for more than one car.
Adding a car to your current insurance policy is almost always cheaper than buying a second policy, but the best way to make sure you're paying the lowest possible rate is to compare quotes from several companies. If your child goes to school and has their own vehicle, the car can normally remain on their multi-car insurance policy as long as the student continues to use their home as their primary address.