Has your family grown or changed and you have found yourself with another driver in the house? Then you might also be wondering if and how you could qualify for a mult-vehicle discount on your car insurance policy. Good news: you’re in the right place for answers!
What to Know About Multi-Vehicle Car Insurance Discounts
A multi-car discount is just one of the many discounts you could be eligible for. Others include good student discounts, loyalty discounts, and safe driving discounts. But for today’s post, we’ll focus specifically on how you can save money on insuring multiple vehicles together.
First, it’s important to note that multi-car discounts on insurance policies don’t compound with additional vehicles.
Maybe you add a second car to your policy so you’re eligible for a 15% discount on your policy. If you add a third or even fourth vehicle to this policy, the discount won’t continue to increase with each vehicle. Instead, with four vehicles on the policy, each policy could get the same discount.
Multi-Car Discount Eligibility
Now, as for qualifying for this discount, the requirements actually tend to be relatively simple and straightforward: if you insure more than one vehicle on the same policy, you likely qualify for a multi-car discount.
Additional Requirements
Depending on the insurance provider you work with, there are sometimes stricter requirements.
These might require every insured vehicle to be owned by the same person and part of the same household. In that case, adding your adult child’s (who lives outside of your home) vehicle to your policy in hopes of getting a multi-car discount won’t deem you eligible.
Would you like to find out if you qualify for this or other car insurance discounts? ASA Insurance in Salt Lake City is here to help! Call us today and we will get started.
