Which automobile insurance plan is the right one for your family? You have a car, an RV, and more. With several vehicles and multiple drivers to insure, you need a budget-friendly plan that covers everything and everyone. Before you select one insurer or purchase coverage, take a look at what you need to know about automobile and RV insurance for families.
What Is Multi-Car Insurance?
You have multiple cars in your family. This means you need to insure each vehicle. But you don't need to choose separate insurers for each car. Instead of cobbling together a patchwork of insurance companies and the plans they offer, talk to your agent about multi-car coverage. This type of policy can cover two or more vehicles that are primarily housed at the same residence.
If your adult child has a permanent residence somewhere else (other than your home), a multi-car policy is not the right plan for your family. It's possible that your college-aged child's auto could remain on your multi-car policy when they bring their vehicle to campus. This type of allowance requires your child to retain your address as their permanent residence. To learn more about this automobile insurance issue, talk to a qualified agent.
Not only is a multi-car policy convenient and easy to manage, it could save your family money on the total cost of coverage. Some insurance providers offer a multi-car discount. Before you choose a multi-car policy to save money, verify a discount or similar offer with your insurance company.
Can You Include An RV In A Multi-Car Policy?
There isn't one standard answer to this question. It's possible your insurance provider or the policy guidelines allow families to add all motor vehicles housed at one residence to one policy. But some companies only provide multi-car policies and discounts for traditional automobiles—such as cars, SUVs, and passenger trucks.
If your insurance provider does not include RVs in a multi-car policy, ask about a multiline option. This is a way that some insurers help customers to offset costs. Multiline options allow you to bundle multiple types of insurance together on one account and typically includes a discount.
Will A New Driver Change Your Policy or Rates?
The addition of a new teen driver will impact your auto coverage and rates. According to the U.S. Centers for Disease Control and Prevention (CDC), teens between the ages of 16 and 19 have the highest risk for a motor vehicle crash (compared to all other age groups). This risk can make insurance prices higher for your adolescent.
If your policy will include a new teen driver, discuss the options with your agent before selecting coverage or adding your child to the family's existing multi-car insurance. You will need to compare the costs, premiums, deductibles, and available discounts before selecting a new policy or expanding your family's coverage.
Contact a company like Lassen Marine & Webster Inc for more information.