How to Reduce Your Second Car Insurance Cost
Many people find that their monthly second car insurance premiums are a lot more than they bargained for. cheapest insurance in nevada is not uncommon to have a third or fourth car insurance policy, and a lot of people have more than one automobile. If you have a teenage son who has taken on the role of the driver in the backseat along with you, chances are that your premiums will be much higher than they need to be. There are ways that parents can keep their premiums down and still get good discounts on auto insurance for multiple automobiles. Here are some tips to help you:
The first thing that any parent should do is realize that there is a difference between multiple-car policies and single-car policies. A multi-car policy is one that is used for more than one automobile. You can have your son's vehicle insured under this multi-car policy, your daughter's car under a different policy in her name, and even your car and truck can be insured under separate policies. This means that the same company that provides all your insurance needs also provides your multi-car insurance policy. For example, if your son has taken on the role of the driver in the family car, his driving record will be taken into account when he obtains a multi-car policy at the same company that insures all of your cars. This means that you can save money and still get discounts by using a multi-car policy.
Another way that parents can keep their premiums lower is to keep their teens in a separate vehicle from the household. When an uninsured motorist is hit by your teen, the insurance company does not consider him a legal drive and therefore will not pay as much money on the damages. However, if the teen was to share the car with another driver, such as his brother or cousin, the first car's liability limits would increase. Parents who let their teenagers use their own vehicles when they are on a special holiday, or who let them use their teenager's vehicle on vacation when the vehicle is only used for school trips have found that their premiums do not increase when the vehicle is in use by another driver.
Car insurance companies usually offer you two quotes for two cars. This quote comparison is based on a standard set of coverage that each company offers you. In order to get the best estimate, you should not be comparing the same types of coverage. This can make it much easier for you to understand why your premiums may have decreased when you used two vehicles. However, do not make the mistake of comparing the same types of coverage - the liability limits for example, will vary on these two cars.
There are several different types of policies that you can buy covering two cars. The two most common types are the Third Party Only and the Fully Comprehensive. These two policies will generally have the same basic types of coverage, however they vary on which items are covered. For instance, the third party only policy will cover the damages that occur during an accident and the bodily injuries that occur as the result of this accident. It will not cover your repair costs if you were not at fault.
Fully comprehensive car insurance policies cover your vehicle as well as other people's property and injury claims. There are cheap las vegas insurance of full coverage that will be listed on your policy. Most insurers require that you maintain the least amount of coverage possible. Therefore, the less coverage you have on your full policy, the more expensive your car insurance policies will be.
If you purchase a multi-car policy, such as a collision, comprehensive and personal injury coverages, with your main auto insurer, it will usually be cheaper to have your vehicle insured through them. Many insurers have discounts for multiple policies. For example, if you already have homeowners or life insurance policies with one company, you will receive a discount on your multi-car policy.
In addition to getting a discount from your current insurance company, you may also qualify for a multi-car discount from other insurers. When shopping around for auto insurance policy quotes, look at several different quotes and compare the cost. Do not take your current insurance policy's rate, but instead look for one that is a bit higher or lower than your present rate. If you feel that your current insurer may not offer you enough protection at the right price, look around for another insurer.