If you are a New Jersey resident with two or more automobiles, it may be time to consider a multi-car insurance policy. A multi-car policy is a great way for drivers to have the coverages for all the vehicles they have, while potentially saving premiums.
Common reasons for a multi-car policy
A common scenario where you would need a multi-car policy would be if both you and your spouse drive to work each day, and now you are looking to add a vehicle for your new teenage driver.
Other examples of multi-car insurance policies may include coverage for seasonal vehicles such as convertibles or those with four-wheel drive that are best suited for snow and ice.
What are the benefits of having a multi-car insurance policy?
Having more than one vehicle on your auto insurance policy will typically result in a lower premium than you would pay to ensure each automobile separately.
If you’re a driver in the state of New Jersey, you can probably expect to receive an annual premium discount somewhere between 8-20%. Keeping all your cars on one policy also means one payment date and one renewal date to keep track of.
Benefits of multi-car insurance:
- Multi-car insurance discount
- One renewal date
- One payment date
What are the requirements of a multi-car policy?
Most insurance carriers will need the make, model, year, VIN, mileage of the cars, approximate mileage driven each year and the lienholder information (if this applies).
In addition to detailed information for each vehicle, most insurance carriers will also require the personal information for each driver on the policy:
- Legal name
- Date of birth
- License number
- Gender
- Any accidents or moving violations in the last three years.
Are there restrictions on a multi-car policy?
Most insurance carriers will not allow motorcycles to be placed on the same policy with cars or trucks. Typically, insurance companies require all automobiles on a multi-car insurance policy to have the same coverage for liability, but will allow a variance with comprehensive and collision coverage for individual vehicles on the same policy.
Multi-car insurance policies are usually limited to four or five cars on one policy, but some insurers may allow more cars.
Get your multi-car insurance policy quote today
If you have more than one vehicle to insure and you’re seeking a carrier that provides flexible coverage options, excellent service and exclusive affinity program discounts, consider Plymouth Rock Assurance!
We have covered Garden State residents for decades. If you have questions about multi-car insurance protection, call Plymouth Rock today and speak with one of our knowledgeable representatives.
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This page is for informational purposes only. Actual coverage may vary and is subject to the policy issued by your insurer. Restrictions and limitations may apply. Review your policy and consult a licensed insurance professional to learn more about your coverage.