With Whom Can I Share Multi-car Insurance? 

Multi-car insurance allows several automobiles to be insured under one policy and saves around 10 – 20% on overall premiums. Many companies offer this option and most of them only require that all the vehicles insured must be registered at the same address. Once this condition is met, automobile titles can belong to different members of this household, including spouses, family members, girlfriends, boyfriends and roommates with many companies like Progressive. This makes it easier for people to combine their cars to share one insurance policy and save.

Even though each car has a different name on the title, this ability to insure all the cars in your household within one multi-auto insurance policy and save everyone at least 10% works with many auto insurers and in most states and definitely works with Progressive. Occasionally, some companies may insist that all the cars are registered to the policyholder or they are owned by the member of the same family to be included in a multi-vehicle insurance policy. Also, one or two states may require that the policyholder’s name appears on the titles as well.

The beauty of it is that there are so many companies in the market that you don’t need to worry about one or two companies which are strict about whose cars can be included in a multi-vehicle insurance policy. With many insurers and in most states, motorists can include any auto in a multi-car insurance policy regardless of who owns them, as long as they live at the same address.

You need to own at least two vehicles before you can buy a multi-auto policy and you can have 4 or 5 of them in it. Usually, each automobile gets a percentage discount for each component, including Liability, Collision and Comprehensive. So, it can be a very valuable solution, especially for new policyholders to get lower rates they cannot usually qualify on their own.

It goes to show that it is very important to shop around while you are looking to purchase automobile insurance since provisions, prices and conditions can be substantially different among carriers.

Let’s have a look at an example that can explain it better. You may be living with a partner and have a young driver as well in the household where everyone owns one car separately. And you may have contacted one source and learned that you need to be married to have multi-automobile coverage. If you were to stop at that point and don’t check others you would have given up on large savings.

For example, if you checked with Progressive, you would be able to insure all three cars under a multi-car insurance policy even if you aren’t married and not even related with each other as long as automobiles are registered on the same address.

If you were to include all your vehicles under one insurance policy in order to save money, you would need to have the same liability limits for all the vehicles but you can have different material damage provisions. For example, while one has Liability only coverage the rest can have Collision and Comprehensive Covers. Again, you have flexibility and you are advised to keep asking the questions and checking until you get things the way you want.

In some states only the registered owner can buy auto coverage. In such cases you may be able to arrange a joint policy, if it is allowed, to comply with the rules and qualify for a multi-auto insurance. Sometimes a solution may look obvious but you may not like its implications. It is important to make sure what you get fits your circumstances, lifestyle and preferences.

Arranging the most beneficial and economical vehicle insurance policy for your circumstances may require a little work, shopping around and comparing. But you are likely to save for a long time once you find the most convenient and affordable policy that makes all the efforts worthwhile.

People have all sorts of relationship status and policy needs these days. Most companies are comfortable to offer multi-vehicle insurance to people who share the same address and are happy to make the arrangement. The overall savings are large enough to insist on getting such policies.