How Much More Will It Cost To Insure My Second Car?

By Sharon Gibson Posted in Car Insurance News

If you’re considering purchasing a second vehicle, contact your automobile insurance company to see whether you may eligible for a multiple-car discount. Some insurance companies will cut the cost of insuring a second vehicle by 20 to 25 percent or more. For example, if you pay $100 a month to insure your primary vehicle, your insurance company may offer to insure your second vehicle for $75 or $80 a month, or less.

Factors Insurance Companies Consider

The cost to insure your second vehicle will vary upon many factors, including the make, model, and year of your vehicle, as well as your driving history. The cost will also vary according to how often you drive your second vehicle. For instance, if you only take the vehicle on the road on the weekends or in the summer, your rate will be much lower than if you drive the car on a daily basis.

In addition, the cost to insure your second vehicle will depend upon whether you opt to purchase comprehensive, collision, and/or liability insurance for your second vehicle. If you are willing to drive your second vehicle with just liability insurance, your rate will be much lower than if you buy a policy that includes comprehensive or collision coverage.

Shop Around For Deals

If you already have insurance for your primary car, call your insurance company and let them know you’re interested in purchasing insurance for your second vehicle. If your company offers online quotes, you can also visit their website to compare various policies, terms, and costs. After learning what your insurance company has to offer, call other automobile insurance companies to compare quotes, or visit their websites to secure online quotes. Some insurance-broker websites will even show you side-by-side quotes from several different companies, saving you both time and money.

Enter friend's email address

How Much More Will It Cost To Insure My Second Car?

Factors Insurance Companies Consider

Shop Around For Deals

Related posts:

Leave a Reply