Simply stated, the multi-car /vehicle add-on discount emerges to those drivers who insure all their vehicles (several) with one insurance provider. Those who insure their cars, vans, pickup trucks, mobile homes, snowmobiles, trailers, and campers with the exact same company have a discount of approximately 40 percent compared to those who insure their vehicles separately. The sole exception to this rule is that motorcycles, mopeds, dune buggies, and motor scooters aren’t classified as private passenger vehicles but instead as separate entities and ought to be insured with their own individual policies without getting the benefit of the 20 % discount.
I came across these shocking conditions during my first years as an insurance agent and since then have devoted myself exclusively to enhancing the forgotten and bewildered motor insurance policyholder. For instance, one case I handled concerning a twenty-two-year-old mother who was paying $700 a year by being considered under twenty-five and unmarried. I had been able to insure her for less.
I had another case in which a twenty-six- year-old married man had been billed for $980 a year simply because he had received one minor moving violation in his entire driving lifetime. After reviewing his situation, I had been able to reduce his premium in two!
Then there was the case of a senior citizen who stood a perfect driving record but was told by cool training his representative that his auto insurance company had not been longer conducting business in New York. He was informed which he had to be placed in the assigned risk pool, that doubled his premium. I used to be able to rescue the indegent man out of this fraudulent scheme and he regained his original rate.
Even when one is fortunate enough not to be victimized as in the preceding cases, at any given time, and in a geographic area, even under identical circumstances and with identical coverages, the automobile insurance rates among insurance providers can vary tremendously. For instance, if you check around for auto quotes from companies A, B, C, and D, you will end up 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 gets the lowest rate with simply a $600-a-year premium.