All major car insurance companies offer a multi-car discount for drivers who insure more than one vehicle with the same policy. Most insurers allow up to four cars and drivers on a single car insurance policy, and they offer multi-car discounts of up to 20%. If you have more cars or drivers than will fit on a single multi-car policy, you can get a second policy that’s heavily discounted and linked to the first.
But a multi-car discount does not compound as you add more vehicles to your policy. For example, if an insurance company offers a 10% multi-car discount, you won’t get a 10% discount on your second car and a 20% discount on your third. If you have three cars on your policy, each gets 10% off its portion of the total premium. Multi-car discounts do vary by insurance company, though.
You can also lower your insurance premiums with other discounts, such as those for paying in full or bundling multiple policy types (e.g. home and auto) with the same company. But the only way to know you’re getting the best price is to compare quotes from several insurance companies. Even if one company advertises bigger discounts, their base prices may leave you with a higher effective premium than a company with a smaller featured discount.
You may have anywhere from 2 to 30 days to tell your insurance company that you bought a new car if you are already insured, depending on financing and coverage details. If you don’t have car insurance already, you’ll need to get a new policy before you can legally drive your new car. Most car dealerships require proof of insurance to drive off the lot, so you’ll have to do some planning.… read full answer
Either way, it’s wise to get car insurance quotes for different vehicles before buying one. That way, you’ll have a sense of which make and model is likely to increase or decrease your premium the most. At the very least, it’s something to take into account when picking your new car.
If you have an existing car insurance policy, there are two common grace periods for getting insurance on a new car:
2 to 4 days is common if you are adding a new car to an existing policy. Most car insurance companies will extend coverage to the new car in good faith, since it is usually required to get a loan. Such policies are designed to allow you to drive your new car home and make a call to your insurer quickly thereafter.
7 to 30 days is common if you are replacing a covered vehicle with a new car you purchased outright. In these cases, you can probably expect to have the same level of coverage as before. If you had liability-only coverage on the car you’re replacing, your new car would also have liability-only coverage.
Your policy term will transfer to the new vehicle in most cases, so you won’t have to start over with a new six-month or one-year policy.
If you are financing or leasing a new car, you may also want to consider adding gap insurance to your policy. Gap insurance will help pay the difference between the car’s market value and what you owe on your loan. Although collision coverage will pay fair market value for a totaled car, that may end up being less than you owe if you total your new car right away.
No matter how much time your insurance company gives you to get insurance on a new car, it’s best to reach out as soon as possible. Coverage specifics vary widely depending on state laws, insurance company rules, and individual policy provisions. If you miss a deadline, you could end up driving uninsured, which could result in legal fees, higher car insurance premiums, loss of your driver’s license, and more.
Yes, Farmers will pay for windshield replacement or repair services for customers who have comprehensive coverage, though a deductible will apply unless state laws or policy details say otherwise. Comprehensive insurance from Farmers covers windshields damaged by weather, vandalism and theft, among other things.
In some states, specific laws govern whether customers will need to pay their deductible for windshield repairs or replacement. For instance, in Florida, Kentucky, and South Carolina, insurers cannot charge a deductible for windshield repairs or replacement. Additionally, insurance companies in Arizona, Connecticut, Massachusetts, Minnesota and New York must offer a "full glass coverage" policy that allows customers to choose a $0 deductible for glass repairs.… read full answer
On the other hand, if the windshield was damaged in an accident and the policyholder was at-fault, Farmers customers can file a collision claim, though their exact policy details will determine if they need to pay a collision deductible. And if the policyholder was not at-fault, the at-fault driver’s liability insurance should cover the damage without a deductible.
If you’re not sure whether you will need to pay a deductible for windshield replacement, you can check your policy details or call Farmers’s customer service line at 1 (888) 327-6335. To file a claim for windshield repair or replacement, you can use Farmers’s online portal.
Yes, Amica Insurance offers multi-line discounts. Amica provides a discount when you insure both your auto and home. An additional discount may be available to you if you have a qualifying Amica Life insurance policy. For more information please call customer service at 800-242-6422.
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