Choosing More Coverage

Posted on: 2 July 2018

Multi-car insurance coverage is meant for covering multiple cars under the same policy rather than buying individual policies for each. This is something you should strongly consider if you own multiple cars or have multiple cars in your household.

Who Needs It

You Move in with a Roommate

Combining your cars in a single auto insurance policy may be convenient when you move in with a roommate. This is even more the case if you will be driving each other's cars. With combined policies, you will have an easy time processing claims if either of you gets in an accident with the other's car.

If You Get Married

Many people also combine their auto insurance policies after getting married (even though the decision shouldn't be automatic). This makes sense since your respective insurance companies already expect you to have unlimited access to each other's car.

If You Buy Your Child a Car

Most kids stay on their parents' car insurance policy for a long time, and that is how it should be. This is because teenagers are notorious for the car accidents they cause, which means they attract high insurance rates. Adding their car to your policy is a good way of managing your child's auto insurance costs.

When You Buy Multiple Cars

Lastly, you may also benefit from a multi-car policy if you have acquired an additional car or cars. After all, all of the cars will be registered in your name, and they will be subject to the same risk evaluations.  

The Benefits

A multicar insurance policy has several benefits that include:

Multi-car Discount

Many auto insurance companies will give you a small discount when you insure more than one car with them. This is sort of like a reward for giving your insurer more business.

Dealing With One Point Person

Another benefit of a multicar policy is that it gives you the opportunity to have one point of contact for all your insurance needs. For example, if you have a query on your coverage, for example, when moving, you just contact one insurance company, and it will address all your concerns.

Ease of Renewals

Lastly, a multi-policy coverage also comes in handy when it comes time to renew your policy. This is because you only get to deal with one renewal day and one set of renewal documents. It also eliminates the risk of forgetting to renew one car's policy if you have multiple cars. As you know, such a gap in coverage may expose you to different risks and may also increase your rates when you do get to renew your coverage.

For more information, check out a website like http://www.wyattinsuranceca.com/.