Requirements for a multi-car insurance policy
Once you choose a multi-car policy, you’ll need to provide the following information to officially add the car to your existing plan:
Registered owner’s information if the new car will be registered to anyone other than you. If this driver isn’t already on your policy, you’ll also need to add them as a new driver
. Vehicle safety features—these will usually populate automatically, but having a general idea, especially about the type of anti-theft system your vehicle has, can help you earn discounts on auto insurance rates
. The type of coverage you want for the new vehicle. This will need to be the same insurance coverage as your first car to qualify for multi-car policies and their discounts.
Usage information—do you plan to use the second vehicle for daily driving or pleasure only?
Lender or leasing company information if the additional vehicle will be financed or leased.
Keep in mind Both cars need to have the same amount of liability coverage and be garaged and registered at the same address.
The best multi-car insurance discounts
Multi-car discounts offer savings on car insurance rates for policyholders who carry the same level of coverage on two or more vehicles garaged and registered at the same location. The average multi-vehicle discount is about 25% but the table below details the amounts offered by several top providers.
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How long do you have to add a second car to your insurance?
Most providers offer a new car insurance grace period
in which your existing policy provides coverage for vehicles purchased but not yet added. These grace periods typically range from seven to 30 days. That said, you should add your second vehicle as soon as possible—ideally, before you even drive it home.
How to add a second car to your insurance
Adding a second car to your policy
can be done easily through the Jerry app or by contacting your insurance agent/broker. Be sure to have the above information handy to speed up the process.RECOMMENDEDNo spam or unwanted phone calls · No long forms
FAQs
Is it cheaper to add a second vehicle to insurance?
Typically, yes, it’s cheaper to add a second vehicle, but note that you will still pay more to insure two cars than one. Adding a second car rather than purchasing a second policy usually saves you about 25% on insurance premiums.
How long does it take to add another car to insurance?
Same-day insurance is often available when you add a second car to your policy.
Is it cheaper to be on the same car insurance?
Sharing an insurance policy with another driver is sometimes cheaper than carrying separate policies, but the cost actually depends more on the drivers themselves than on the number of people insured. Insurance providers consider highly individualized factors, like credit score, driving history, homeowner or renter status, and more when calculating rates.
What is the average cost of adding a car to insurance?
Adding a car to your insurance policy will usually increase your rates by about 75%. How much you save will depend on several factors, including the type of car you add and the amount of coverage you carry.
How do you add a second car to insurance?
Adding a second car to insurance is easy if you use the Jerry app. You can also contact your insurance agent or broker to add a second vehicle.
What is the cheapest way to insure two cars?
Insuring two cars on the same policy is typically about 25% cheaper than purchasing separate coverage for each vehicle.
Do you need insurance to drive someone else’s car?
Technically, no—the vehicle owner’s policy will provide coverage for their own car, as long as the person driving has permission to use the vehicle and is not listed on the policy as an excluded driver.
Can you insure a second car for occasional use?
You can absolutely insure a second car for occasional use. In fact, this is a relatively common reason policyholders add second vehicles to their policies.
Where can I find the cheapest insurance for my vehicle?
Despite what you may have read, no single provider offers the cheapest rates for all drivers. To find the cheapest insurance for you and your vehicle, use the Jerry app to compare quotes from multiple providers.
How quickly should I add a vehicle to my policy?
Ideally, you should ensure you have a policy lined up before you purchase your new vehicle. That said, most policies offer a new car insurance grace period that ensures at least partial coverage until you can officially add the vehicle to your policy.