Reader’s Question:

I have a number of cars and I’d be getting insurance for them. My friends tell I should get multi vehicle insurance. What is multiple car insurance and why should I get one?

Allan

Los Angeles, CA

Your friends are right. You should get a multiple car insurance so that you can realize great savings on your car insurance policies. Car insurance is no longer cheap and with a multiple car insurance policy, you can get more affordable rates.

As its name suggest, multi vehicle insurance is coverage for a number of cars belonging from the same household. It can provide protection for any number of vehicles, except for motorcycles, all under the same policy. Since you are paying for only one type of insurance policy, you are saving a lot of money.
There are no surcharges and administration costs involved in most multi vehicle insurance policies, although you have to make sure first by clarifying this with the car insurance company you are dealing with.

A multiple vehicle insurance policy is under one policy holder. You can add drivers to the multiple vehicle insurance policies, too. However you have to keep in mind that auto insurance companies have different policies when it comes to adding drivers to their multiple vehicle insurance policies, so be sure to check the details of the policy first before purchasing one.