Car Insurance Judge Releases List of 4 Reasons Why People Shouldn't Add a Second Car to Their Current Auto Insurance Policy
Additional cars on an auto insurance policy could make the rates go higher.
While the most common way to insure additional cars is just to add them to the main policy, it may not be the best way, or the most financially sound way. It's pretty obvious that more cars, more drivers, especially drivers who are under the age of 25, are going to greatly affect auto insurance rates. So is there a better way to insure multiple cars and multiple drivers?
"This is the time when the adults really need to have a good long sit-down with their insurance agent and discuss all the scenarios and all the options," said
1. The other car isn't owned by a member of the household.
2. The cars need different types of insurance coverage.
3. The cars are company or commercial vehicles.
4. The additional car is a Classic Car.
"The worst mistake that people can make is trying to outsmart their insurance company, because if God forbid something bad happens and they haven't been straightforward with their insurer, they could find themselves in a major lawsuit," said Thomas. "When in doubt, people should talk to their insurance agent and make sure that everything is legal. Their bank account will thank them."
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Read the full story here: https://www.pr.com/press-release/845263
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