But before you limit your search to just mirrored NCD providers, why not take a look at a range of quotes instead. Compare Car Insurance. Can I insure two cars with the same no claims discount? Can I use my no claims discount on two policies? The General Insurance. Western Assurance. Alfa Romeo. Aston Martin. Land Rover. Mercedes Benz. Is Hitting a Pole Covered by Insurance? Windshield Claim Effect.
The Latest. Buying a new car in Alberta? Read more. Rates By City. Enter your ZIP code to get free auto insurance quotes for two cars with one driver from top auto insurance companies. Table of Contents. Yes, you can insure more than one car for a single driver, and you can even get discounts by doing this rather than having two separate policies. Keep reading for more. The U. Census Bureau reports that 21 percent of American households own at least three vehicles.
Bundled policies can keep this from getting too expensive; however, there are other ways to bring the costs down depending on the type of cars being insured. Most auto insurance companies offer discounts for insuring at least two vehicles on the same policy. Comparison shopping is important because discounts for more than one car will differ by company. Multi-vehicle discounts are available from most major insurers, and this is how drivers can insure two cars at once.
Take a look at this table to find out which major insurance companies offer this discount and how much it can affect your rates.
As you can see, you can save up to 25 percent with this multi-vehicle discount when you can have at least two vehicles on one insurance policy. Secured with SHA Encryption. One option for someone who needs to insure multiple vehicles is to consider how much time you spend in the car or the average distance you drive in the vehicle each month.
Perhaps you have one car that you drive to and from work every day and another that you only use on the weekends. You only drive the weekend car for short distances, and it seems like a waste of money to pay for insurance at the same rate as the work car. As the name implies, your insurance rate is based on how much you drive a particular vehicle. If you start driving more frequently, it may not make sense to keep this type of policy. Additionally, you can reduce the amount of coverage for a weekend vehicle by only insuring it to the minimum amount required by your state though depending on the type and value of the car, this may or may not be a good idea.
Do you need the same amount of coverage on all of your vehicles? This coverage can include liability, collision, and comprehensive, all of which may be important because, in the event of an accident, your new vehicle will probably cost more to repair than your old one.
Some people have a second car insurance policy in order to cover their luxury or classic vehicle. Many people accidentally have two car insurance policies because they forget that they have another active policy or mistakenly think that it expired. While having two car insurance policies is legal, filing the same claim with two insurance companies is not. If you get paid by two car insurance companies for the same claim, you have committed insurance fraud.
You can technically have two car insurance policies on the same vehicle, but it is not recommended. Double-insuring a vehicle may violate the policies of one or both insurance carriers.
In addition, if one of your insurance companies finds out that you own another policy on the same vehicle, that company may ask the other company to pay future claims. This could cause your claim payments to be delayed or not paid by either provider. It is legal to have two car insurance policies on different vehicles.
However, having two car insurance policies on different vehicles generally costs you more money, so it is not recommended. Many insurance providers offer multi-car discounts. And if you live in a household with multiple people, your existing insurance policy may require that all drivers in your household be added to your existing policy. This can potentially raise the rate of your insurance premium, so it is best to take advantage of the one plan you already have.
Two car insurance policies can be held in the same household for certain reasons. If someone in the household owns a classic or luxury car, they may need a different car insurance policy to cover that specific vehicle.
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