Buying insurance for a second car generally doesn't cost as much as buying a policy for the first, thanks to multi-vehicle discounts, special auto insurance policies, and usage-based auto insurance options. A multi-car insurance policy is any policy that covers more than one vehicle. It can mean cheaper car insurance because of the multi-car discounts offered by insurance companies when you insure more than one vehicle with the same policy. Since then, she has worked as a news writer in the insurance industry and has gained in-depth knowledge of state and national insurance laws and rates.
If you can afford to replace an old car out of your pocket, having an affordable used vehicle as a second car also means that you can choose exclusive liability coverage and cancel comprehensive and collision coverage on your second car, which can save you hundreds of dollars each year on your car insurance. You can generally insure 4 to 5 vehicles in your insurance policy if they all stay in the same direction. Yes, you can have two different car insurance policies for vehicles, but you'll likely end up paying more money for insurance. Insurance companies set rates based on several factors, such as the make and model of the car you're driving.
Most insurance companies require that you have the same amount of liability insurance and coverage for uninsured drivers for each vehicle, but when it comes to collision, comprehensive and other options, the options vary. Conversely, if you eliminate an auto policy midway through and now insure just one vehicle, the discount will decrease. For example, state-required coverages, such as liability insurance or personal injury protection (PIP), must be purchased for each car. In some cases, you can't drive a new car out of the parking lot without insurance, so you should connect to the Internet or call your insurance company and add your new car to your policy before buying it.
However, if you drive someone else's car regularly, you may feel safer if you buy a non-owner's car insurance policy to supplement the other driver's insurance. Optional additional coverages, such as comprehensive insurance or collision insurance, can be added to one or all vehicles. Some insurance coverages will apply to all the cars in your policy, while other coverages can choose which vehicles apply to. Therefore, if one car has full coverage (against collision and all risks) and the other has only civil liability, the car that only covers civil liability will not be covered in the event of damage.
If you drive your car to work or the car isn't parked in your direction, you can't add it to your insurance policy.