Is it possible to insure two cars

According to 4AutoInsuranceQuote. These include:. If one of your vehicles is registered at another address other than the one listed on the policy and that car is in an accident, your insurance provider can refuse to pay your claim. In some cases, not disclosing accurate vehicle information can be considered insurance fraud.

Depending on what state you live in, if you're accused of insurance fraud, you might pay a fine or you might end up serving jail time. Always be accurate when providing information to your insurance provider.

In addition to the address requirement, other requirements for a multicar policy include:. Most major insurance companies offer a multivehicle discount. The amount of that discount varies from company to company. According to ValuePenguin , these are the multicar discounts offered by some of the country's leading car insurance providers:. As ValuePenguin notes, a multicar insurance policy is very similar to a single-car policy.

When you're gathering quotes for a multicar policy, you'll provide the information for each car you want to insure and who drives them. Some insurance companies will want to know who primarily drives each car.

Your discount will automatically apply to your quote when you submit the application. Some forms of coverage apply to every car on the policy, while other forms of coverage may only apply to specific cars on the policy. For example, every vehicle on the policy will have liability coverage. You should also consider adding the optional coverages of comprehensive and collision insurance if your car is less than years-old.

If the car is financed , your lender will likely require you carry both. Collision pays, up to the cash value of the car, for damage to your vehicle after an accident and comprehensive pays for damage from flooding, fire, hail and vandalism, and for theft. Insurers allow you to carry comprehensive and collision on one car but not another, so this is a per car decision. While the discount is the big benefit, there are a couple of other advantages to going with a multi-car policy.

Pricing: Most insurers offer a fairly big multi-car discount. Each vehicle gets this discount, but the discount doesn't compound with each car you add. Single insurance deductible for all vehicles: In the event that more than one of your vehicles is damaged in the same incident a severe storm or tree falling for example you will only have to pay one deductible. The more cars you insure, the higher your stacked coverages would go.

Choosing to stack your coverage will often cost a bit extra. One renewal date: A multi-car policy allows you to insure all your vehicles with one policy with one renewal date and one payment date. If you get a separate insurance policy for each vehicle you not only miss out on the discount, but you also have to keep track of multiple bills and due dates each month.

Adding a vehicle to an existing insurance policy usually requires that you or your spouse owns the vehicle. If someone else owns the car, then that person needs to get his own policy for the vehicle. However, you may still be eligible for the discount with some insurers. For instance, if your adult child resides with you and has his vehicle insured through the same carrier as your vehicles, then some insurers will apply a multi-car discount to both policies.

Other carriers will not allow this, the best advice is to call your insurance agent and ask if this is a possibility. No, since the motorcycle would need a motorcycle policy and not an auto policy. When you call for second car insurance cost quotes, it never hurts to ask for a bundling discount if you also insure your home with the same insurance company.

In some cases, insurers will cap the number of discounts you have applied to your policy. However, car insurance companies typically will allow you to have both a multi-car discount and a home and auto insurance bundle discount, says Gusner. For example, let's say you're a snowbird with a second home in Florida. If your car has a Florida license plate and registration, it must be insured by an auto insurance company licensed to do business in Florida, says Gusner. If your main residence is in Ohio, for example, you'll have to have your cars that are based there insured by an auto insurer licensed to do business in that state.

When you're looking to insure two cars, you should consider a multi-car insurance policy. Most of the time this type of policy gives you an automatic discount of up to 25 percent. However, if you have a high-risk vehicle in your fleet, you might want to pursue other options. If you have more than one vehicle at the same address, you should consider purchasing a multi-car policy.

These policies are typically cheaper than buying two separate policies as they typically include a discount for each insured vehicle. Although it varies by insurer, most policies include a 10 to 25 percent discount on your premium if you opt for a multi-vehicle discount. A multi-car policy is just what you think it is: a policy that covers more than one vehicle.

Most insurers offer a multi-car policy and allow you to insure up to five vehicles. In most instances, the basic stipulation is that all the vehicles must be kept at the same address. Otherwise, the rules vary.

Certain insurers only give a discount if the insured vehicles are insured by members of the same family, while others state that they just need to be at the same address.

This would qualify roommates who aren't related to you. According to ValuePenguin , these companies have the biggest multi-vehicle discount:. You don't necessarily need the same type of coverage for each vehicle. USAA is known for its extensive coverage for military and families with some of the lowest premiums and best customer satisfaction reviews. USAA is nothing short of comprehensive, as members can get a variety of add-on products and services from roadside assistance to glass coverage.

Our USAA auto insurance review takes a more in-depth look at coverage and plan options. State Farm is a great choice for drivers looking for quality coverage and discounts. This provider offers additional coverage options including rideshare insurance, roadside assistance, and coverage for high-risk drivers. It also scored high on J. We've given Geico 4. If you're looking to add multiple vehicles to your policy, instead of purchasing two insurance policies, Geico offers a multi-vehicle discount.

Explore all that this insurer has to offer in our Geico auto insurance review. Whenever you shop for car insurance , we recommend getting quotes from multiple providers so you can compare car insurance coverage. Use our tool below to start comparing personalized car insurance quotes , or call Motor's designated quotes team at for free quotes seven days a week.

In an effort to provide accurate and unbiased information to consumers, our expert review team collects data from dozens of auto insurance providers to formulate rankings of the best insurers. Companies receive a score in each of the following categories, as well as an overall weighted score out of 5. Dec 15, at pm ET. By : motor1.