Multi Car Insurance, Multiple Car Insurance, Second Car Insurance

By: EconomyWatch   Date: 26 May 2010

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Saving money on car insurance may sound ambitious when you have two or more cars in your house but multi car insurance makes it really possible. Another option is to consider second car insurance.

Think about how much money would have to be paid for separate policies on two or more cars in a single household. Calculate how much money can be saved by getting a cover for two or more of your cars under a combined policy.

Do you see how it works to your own benefit and savings to pay a single premium for all your cars? Besides decent savings, you get cheaper premiums and more convenience through multi car insurance. For additional price benefits, add more drivers to the insurance policy.

Numerous auto insurance companies are offering attractive multi car insurance packages. So, this is the best time to grab competitive deals and take advantage of the available options to buy a cost-effective multi car insurance policy.

 

Benefits of Multi Car Insurance

A simple and practical example will help you to appreciate why multi car insurance policy is an apt choice.

Suppose a family owns four cars. If the family buys an individual cover of $20,000 for each car, the annual payment would be $2,000 per car. However, if they opt for a multi car insurance of $5500 per year, it would be far more effective. Each car would have a cover of $20,000 under the multi car insurance policy.

Additional benefits for multi car insurance are as follows:

  • Easy to renew.
  • You can avail discount, up to 20 percent.
  • A brand new car can be added to the policy without any hassles. Alternatively, it can be replaced with an older car under the same policy.
  • You can save money as there would be no duplication of fees and surcharges such as renewal fees, policy fees, billing fees and broker’s fees.
  • Loyalty benefits would be added to those who stay with a single insurance provider for a longer period.

It might sound simple but doing your homework on getting the best cover through multi car insurance is important. Year after year, this is a sure way to save money and find a cost-effective cover for two or more cars under one policy itself.


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