Simply stated, the multi-car /vehicle add-on discount emerges to those drivers who insure all of their vehicles (two or more) with one insurance provider. Those who insure their cars, vans, trucks, mobile homes, snowmobiles, trailers, and campers with similar company have a discount of roughly 40 percent compared to those who insure their vehicles separately. The only exception for this rule is that motorcycles, mopeds, dune buggies, and motor scooters aren’t classified as private passenger vehicles but rather as separate entities and should be insured making use of their own individual policies without receiving the benefit of the 20 % discount.
I discovered these shocking conditions within my first years as a possible insurance agent and since then have devoted myself exclusively to improving the forgotten and bewildered auto insurance policyholder. For example, one case I handled concerning a twenty-two-year-old mother who had been paying $700 per year by being viewed as under twenty-five and unmarried. I used to be able to insure her on the cheap.
I had another case when a twenty-six- year-old married man had been billed for $980 a year simply because he previously received one minor moving violation during his entire driving lifetime. After reviewing his situation, I used to be able to reduce his premium in half!
Then there is the case of your senior citizen who stood a perfect record but was told by official statement his representative that his car insurance company was no longer conducting business in New York. He was informed which he had to be placed in the assigned risk pool, which more than doubled his premium. I used to be able to rescue the poor man using this fraudulent scheme and that he regained his original rate.
Even when one is lucky not to be victimized as with the preceding cases, at any time, and in a geographic area, even under identical circumstances and with identical coverages, the vehicle insurance rates among insurance companies can vary tremendously. For instance, if you shop around for auto quotes from companies A, B, C, and D, you’ll be shocked to learn that although company A’s rates are $800 a year, company B’s $650 and company C’s $750, while company D has got the lowest rate with simply a $600-a-year premium.