Simply stated, the multi-car /vehicle add-on discount is given to those drivers who insure all of their vehicles (several) with one insurance carrier. Those who insure their cars, vans, pickups, mobile homes, snowmobiles, trailers, and campers with the exact same company enjoy a discount of around 40 percent compared to those who insure their vehicles separately. The sole exception to the rule is the fact that motorcycles, mopeds, dune buggies, and motor scooters aren’t classified as private passenger vehicles but alternatively as separate entities and should be insured with their own individual policies without receiving the benefit of the 20 % discount.
I discovered these shocking conditions inside my first years being an insurance agent and also, since then have devoted myself exclusively to enhancing the forgotten and bewildered auto insurance policyholder. For example, one case I handled concerning a twenty-two-year-old mother who was simply paying $700 annually by being viewed as under twenty-five and unmarried. I was able to insure her for less.
I had another case in which a twenty-six- year-old married man had been billed for $980 per year simply because he had received one minor moving violation during his entire driving lifetime. After reviewing his situation, I was able to reduce his premium by 50 percent!
Then there was clearly the case of your senior citizen who stood a perfect record but was told by official statement his representative that his auto insurance company was no longer doing business in The big apple. He was informed that he had to be put in the assigned risk pool, that doubled his premium. I was able to rescue the indegent man out of this fraudulent scheme and he regained his original rate.
Even when one is luckily enough not to be victimized as in the preceding cases, at any time, and in any geographic area, even under identical circumstances and with identical coverages, the automobile insurance rates among insurance firms can vary tremendously. As an example, if you look around for auto quotes from companies A, B, C, and D, you’ll be shocked to find out that although company A’s rate is $800 a year, company B’s $650 and company C’s $750, while company D has the lowest rate with simply a $600-a-year premium.