Simply stated, the multi-car /vehicle add-on discount is given to those drivers who insure their vehicles (a couple of) with one insurance company. Those who insure their cars, vans, trucks, mobile homes, snowmobiles, trailers, and campers with the exact same company enjoy a discount of approximately 40 percent than others who insure their vehicles separately. The sole exception to the rule is that motorcycles, mopeds, dune buggies, and motor scooters are not classified as private passenger vehicles but rather as separate entities and should be insured making use of their own individual policies without getting the benefit of the 20 % discount.
I stumbled upon these shocking conditions within my first years being an insurance agent and since then have devoted myself exclusively to enhancing the forgotten and bewildered auto insurance policyholder. For instance, one case I handled concerning a twenty-two-year-old mother who had been paying $700 a year by being classified as under twenty-five and unmarried. I was able to insure her for less.
I had another case where a twenty-six- year-old married man was being billed for $980 a year simply because he previously received one minor moving violation during his entire driving lifetime. After reviewing his situation, I used to be 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 told by more tips here his representative that his automobile insurance company was no longer doing business in The big apple. He was informed which he had to be put in the assigned risk pool, that doubled his premium. I was able to rescue the poor man from this fraudulent scheme and the man regained his original rate.
Even though one is fortunate enough not to be victimized such as the preceding cases, at any moment, and in any given geographic area, even under identical circumstances and with identical coverages, the car insurance rates among insurance companies can vary tremendously. As an example, if you check around for auto quotes from companies A, B, C, and D, you will be shocked to find out that although company A’s minute rates are $800 a year, company B’s $650 and company C’s $750, while company D has got the lowest rate just a $600-a-year premium.