May 15, 2019
About Multiple Car Insurance Policies, Quotes, and Coverage
A multi car insurance policy is one of the many auto insurance options available to you.
Understanding the best way to have your policy set up can help you get better coverage and save money. If you have multiple vehicles in your household, it’s worth considering multiple car insurance coverage.
Multi car insurance in Canada is an effective way to quickly and easily save money on auto insurance. By simply comparing multi car insurance quotes you can maximize your cost savings.
Here, we’ll define multi car insurance, discuss your policy options and answer common questions about multiple car insurance quotes, coverage, and policies.
What Is Multi Car Insurance?
A multi car insurance policy covers more than one vehicle under the same policy. Every vehicle at a household is listed under one policy rather than multiples policies. Insurers offer a discount for insuring all vehicles under one policy with them.
When Would I Need A Multiple Car Insurance Policy?
There are a number of instances where a multiple car insurance policy makes sense :
- You own more than one vehicle
- You merged households
- You got married
- You want all insurance coverage under the same policy
- You have multiple vehicles/ drivers living at the same address
How Does Multi Car Insurance Policy Work?
A multi car insurance policy works very similar to a single auto insurance policy. For each vehicle listed on your policy you choose coverage type and limits. The policy is renewed annually. There may be a limit as to the number of vehicles you can register under a multi car policy. This will vary by insurer.
What Are The Requirements For Multi Car Policy?
To get a multi car policy, you need to have two or more vehicles registered at the same address. While coverage is generally the same for each vehicle, you can adjust coverage types and amount by vehicle.
You will need to provide the VIN number, license plate, and driver’s license number for all vehicles listed on the policy.
Does Coverage Need To Be The Same On All Vehicles?
No. While some insurers may require you to have the same amount of minimum coverage or insurance policy renewal coverage on each vehicle, you can adjust optional coverage and policy add-ons to meet the needs of each vehicle individually.
For example, you can add collision and comprehensive on one vehicle and not another.
Multiple Car Insurance Policy Benefits
Multiple car insurance policies provide drivers with a number of advantages :
- Same insurance policy renewal date for all vehicles
- One insurer for all your insurance needs
- Simplicity for managing your insurance
- Insurance savings on all vehicles
Can I Get Multiple Car Insurance Quotes At Once?
Yes. You can get car insurance quotes for multiple vehicles at the same time. Car insurance quotes for multi car policies follow the same process as if you were getting a single car insurance quote. Enter all information about the vehicles and drivers requiring coverage and compare quotes.
Can I Get Multiple Car Insurance Quotes Online?
Yes. You can get car insurance quotes for multiple vehicles online. Compare car insurance quotes from multiple companies for all vehicles registered at your home address.
When Can I Get A Multi Car Insurance Quotes Comparison?
We all know it’s important to compare quotes to get the best insurance rates. Multi car insurance policies are no different. Just like a regular auto policy, you can do a multi car insurance quotes comparison any time. Do a comparison when :
- Your policy is up for renewal
- You purchase a second vehicle
- A new driver/vehicle resides at your address
Can You Get Multi Car Insurance With Two Drivers?
You can get multi car insurance with one driver or two drivers. As long as you have multiple vehicles at the same address you qualify for a car insurance multi car policy.
How Can I Get Cheap Multi Car Insurance?
The same car insurance savings rules apply if you want to get cheap multi car insurance coverage. Here are some ways you can get cheap multi car insurance quotes :
- Use an insurance broker
- Stay claims free
- Maintain a clean driving record
- Drive insurance friendly vehicles
- Compare quotes annually
- Choose the drivers you’re adding to your policy wisely
- Increase your deductible
Lean more about how to save on car insurance.
Do All Insurers Offer A Multi Car Insurance Discount?
Yes. The majority of insurance companies offer a multi car insurance discount. The insurance discount allows you to save money on both premiums.
The amount you will save on your policy depends on your insurer. Many drivers save up to 10% with a multi car policy.
When Not To Get A Multi Car Insurance Policy
A multi car policy may not always be the cheapest insurance option. Adding a vehicle owned by a new driver, high risk driver, or even someone with an accident or tickets on their driving record could increase your insurance rates overall.
Be selective as to the second driver/vehicle added to your policy. When a second driver has a clean record and drives a similar vehicle, you will get the best value from a multi car policy.
Always compare multi car insurance quotes to make sure you are saving the most money. Never assume combining multiple vehicles into one policy will be the most affordable option.
Can I Combine A Multi Car and Home Insurance Policy?
Yes. Insurers prefer you bundle all your insurance policies with them. Adding a multi driver car insurance policy with your home insurance will help you save more on all policies.
Learn more about home and auto insurance bundles.
Multi Car Insurance FAQs
Here are some additional commonly asked questions about multiple car insurance policies :
Can I Add A Second Car To My Insurance Policy?
Yes. Many drivers own multiple vehicles. Adding a second car to your policy is as simple as contacting your insurer, providing the right information and filing the paperwork.
Is There A Limit To How Many Cars You Can Have On One Policy?
It depends on your insurance company. You can get multi car Insurance for 3 cars, 4 cars, and some insurers allow you to have up to 5 vehicles listed under one multi car policy. Speak with your insurer to get clarification.
What Is The Insurance Cost For A Second Car?
It depends on your driving record, type of vehicle, coverage needs and many other considerations. Compare car insurance quotes to get an estimate of the insurance costs for a second car.
Can You Have Two Car Insurance Policies On Two Different Cars?
Yes. You can have vehicles with separate insurance policies. However, you may be missing out in multi car policy discounts and other advantages.
Can You Insure Two Cars With One Driver In Ontario?
Yes. It is possible to insurance multiple cars with one driver. Many people have seasonal vehicles they insure along with the vehicle they drive daily.
Is It Cheaper To Add A Second Car To Insurance?
It depends on multiple factors such as the type of vehicle, the primary driver, coverage needs and more. Compare quotes and explore your options to see if it’s cheapest to add a second car to your existing policy.
Can You Have A Multi Car Policy At Different Addresses?
Most multi car insurance policies require all vehicles to be registered at the same address. Speak with your insurer to verify their rules for insuring vehicles under a multi car policy.
Is It Cheaper To Put Two Cars On One Policy?
It depends on the drivers, driving history, coverage needs and many other factors. Compare quotes to find the cheapest multiple car insurance policy.
Can I Have Multiple Car Insurance Policies?
Yes. You can have multiple insurance policies with different insurers. However, it could cost more than insuring all vehicles with a single insurance provider.
Compare quotes to find the cheapest option for your auto insurance needs.
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