| When you already have an insurance policy for one | | | | On the other hand, when the second car is listed on |
| car, it is easy to add a second car to the same | | | | your policy under the name of someone else in your |
| policy. When you do, you will need to know how to | | | | household, your rates could double - again, depending |
| accomplish this in a way that gets you the best deal. | | | | on their driving history, the type of car and other |
| Owning Two Cars: How Your Insurance Company | | | | factors. |
| Sees You | | | | In any event, when you add a second car, you will |
| When you own two or more cars, how your | | | | want to get the cheapest-possible rate on your car |
| insurance company views you depends on how you | | | | insurance. |
| will be registering the cars with them. There are two | | | | 3 Tips For Getting The Cheapest Car Insurance: Both |
| primary patterns for how this can be arranged:a. both | | | | Cars Under One Policy |
| cars are listed under your name as the primary | | | | Here are 3 tips for getting the best rate when adding |
| driverb. one car is listed under your name as the | | | | a second car to your policy: |
| primary driver, while the other car is listed under the | | | | 1. Collect important vehicle information for both cars |
| name of someone else in your household, such as | | | | and write it down: To get the cheapest rate, you will |
| your spouse or teenage child | | | | need to do some shopping around. Start the process |
| In the first situation, your insurance company | | | | by writing down the VIN (vehicle ID number, found |
| (correctly) assumes that you can only drive one car | | | | on the dashboard by looking through the front |
| at a time. In that sense, in terms of the total risk | | | | windshield), make, model, and license number of both |
| that you represent to the insurance company, the | | | | cars. Have them ready, as you will need to refer to |
| risk to them is about the same whether you own | | | | them many times. |
| one or two cars. | | | | 2. Create a list of at least 3 insurance companies |
| However, in the second situation, your insurance | | | | apart from your current insurer: It will be tempting to |
| company knows that the two drivers in your | | | | just ask your current insurance company for a quote: |
| household could easily (and probably will be) driving | | | | resist the temptation. By spending just an extra hour |
| those cars independently. Therefore, the risk to them | | | | or so of your time, you can get three quotes from |
| is about double when the second car is added to the | | | | three companies. You may be surprised at how much |
| policy. | | | | they can vary. |
| Why Insuring Two Cars Is Cheaper | | | | 3. Make sure to get comparable quotes: When calling |
| When both cars are under your name as the primary | | | | around, be sure that you ask for identical types of |
| driver, you may be surprised as to the type of deal | | | | coverage (collision, medical payments, liability, etc.) |
| you can get on your new insurance. In fact, your | | | | and with the same coverage limits when calling each |
| insurance payments may not go up almost at all by | | | | company. That way, you can get comparable quotes |
| adding the second car. (Of course, this may not be | | | | to see who has the lowest rate. |
| the case if your second car is deemed a high-risk | | | | Follow these 3 tips to find the cheapest car insurance |
| automobile, such as a sports car.) | | | | for adding both cars to one policy. |