Is a Multi Car Insurance Right For You?

If you own more than one car, you’ve probably heard about multi car insurance policies. A multi car insurance is a good option for families and groups since it covers several cars under one policy. In addition, insurers like PD Insurance can give you discounts when you insure two or more cars under one policy.

Aside from saving you money, a multi car insurance could also save you time and effort by getting one policy instead of searching for multiple providers. Here’s a look at how multi car insurance works.

How does multi car insurance work?

Certain insurers offer people the chance to insure multiple vehicles under one insurance policy (given they are all in the same address). In this situation, each additional vehicle you put in your policy earns a discount.

One of the strongest appeals of a multi car insurance policy is that you can still get all the benefits of multiple policies while only having to maintain one. This means that you only have one set of paperwork to do and a single renewal date annually.

Claims usually work the same way as with single car policies. But since multi car policies are different, it’s best to do your research and talk to a insurance consultant.

Is it right for you?

Before you get a multi car insurance, it’s important that you consider the following things first:

  • Your driving experience. Are you a new driver? A woman with 10 years of driving experience is more likely to get a cheaper car insurance than a young driver who has only been driving for a year.
  • Your budget. While a multi car insurance policy can save you the stress of having to pay separate policies, it does entail paying a large one-time bill when the renewal date arrives each year.
  • Your current living arrangement. Do you and the other drivers live in the same place? Should one of you move to a different location, you will need to inform your insurer.
  • The car type. The type of cars you own is also taken into consideration by insurers. A top-of-the-line car is more likely to get into accidents than, say, an SUV. Cars equipped with safety features such as airbags and anti-theft protection are also more likely to be given a cheaper premium.

A household with more than one car will benefit from a multi car insurance. To check if you could save more with a PD Insurance multi car policy, get a quote here.

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