Can Multiple Cars Be Covered Under a Single Auto Policy?

What you need to know about multi-car insurance policies.

If you live in a multi-car household, it’s expensive and inefficient to have a separate auto policy for every vehicle.  This is why multi-car insurance policies are a great coverage solution for many drivers.   As the name suggests, multi-car insurance provides coverage for several cars all in a single, easy-to-manage policy.  Interested in learning more about this type of auto coverage?  Then here’s what you need to know about multi-car insurance policies.

How many vehicles can you cover with a single policy?

Most insurers will cap the number of vehicles on a single multi-car policy at about four or five.  However, keep in mind that every insurer is different, so speak to your provider to verify the specifics of your policy.

Are there coverage restrictions on multi-car policies?

Some insurance providers may have certain requirements for securing a multi-car policy.  For instance, some may only offer multi-car coverage if the cars on the policy are owned by related parties.  Under this restriction, friends and unrelated roommates would not be able to secure a multi-car policy.  Other companies may not have coverage restrictions based on familial relation; however, they may stipulate that everyone covered under the multi-car policy live at the same address.

How does coverage under a multi-car policy work?

Typically, all the vehicles insured under a multi-car policy have to carry the same amount of liability and underinsured motorist coverage.  However, policyholders usually have the freedom to adjust the amount of collision and comprehensive coverage on each vehicle.  In some cases, you can secure additional coverages (such as rental reimbursement or roadside assistance) for some vehicles on the multi-car policy without having to add this coverage to all the vehicles.

This is what you need to know about multi-car insurance policies.  Do you have additional questions regarding your car coverage?  If so, then contact the experts at Mike Leonard Insurance Agency for assistance today.  Our dedicated team is eager to find you the right coverage from one of our many carriers including: Kemper, MetLife, Nationwide, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.