Simply stated, the multi-car /vehicle add-on discount emerges to those drivers who insure all of their vehicles (several) with one insurance company. Those who insure their cars, vans, trucks, mobile homes, snowmobiles, trailers, and campers with similar company enjoy a discount of roughly 40 percent than others who insure their vehicles separately. The only real exception to the rule is always that motorcycles, mopeds, dune buggies, and motor scooters aren’t classified as private passenger vehicles but instead as separate entities and should be insured with their own individual policies without receiving the benefit of the 20 % discount.
I stumbled upon these shocking conditions inside my first years as an insurance agent and also, since then have devoted myself exclusively to enhancing the forgotten and bewildered motor insurance policyholder. For example, one case I handled concerning a twenty-two-year-old mother who was paying $700 per year by being considered under twenty-five and unmarried. I used to be able to insure her for less.
I had another case where a twenty-six- year-old married man had been billed for $980 per year simply because he previously received one minor moving violation in his entire driving lifetime. After reviewing his situation, I had been able to reduce his premium by 50 percent!
Then there was clearly the case of a senior citizen who were built with a perfect driving history but was relayed through how-to guide for beginners his representative that his car insurance company was no longer working in New York. He was informed which he had to be put in the assigned risk pool, that doubled his premium. I was able to rescue the indegent man using this fraudulent scheme and he regained his original rate.
Even if one is luckily enough not to be victimized as with the preceding cases, at any time, and in any geographic area, even under identical circumstances with identical coverages, the automobile insurance rates among insurance providers can vary tremendously. For instance, if you look around for auto quotes from companies A, B, C, and D, you’ll be shocked to learn that although company A’s rate is $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.