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 Posted: Fri Jan 18, 2008 4:07 pm Post subject: multiple car insurance |
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i have 2 cars.
i want to get them insured with two different companies.
will it be beneficial or not?
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tusharagg87
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| Posted: Fri Jan 18, 2008 11:57 pm Post subject: |
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No it would likely be a HUGE mistake, you will lose any 'multicar' discount, and why would you want the headache? What possible purpose would there be in having your vehicles insured with two different carriers? Assuming the same drivers are on both vehicles...
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Lori
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| Posted: Sat Jan 19, 2008 5:27 am Post subject: |
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Well buddy it depends, if it helps you in saving some bucks then you may consider insuring them under different insurer. Otherwise, what Lori has said is absolutely correct. You may loose out on multiple car discounts if you go for different carrier.
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Alabamaghost
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| Posted: Sat Jan 19, 2008 5:33 am Post subject: |
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Hi, IMO it pays off to maintain business with a single insurer. It helps in building a long term relation. I know of some, who have purchased their auto and homeowners insurance from the same carrier. Definitely they enjoys some perks for maintaining all their policies with the same carrier. Moreover, it saves you from the hassle of managing multiple policies.
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| Posted: Sat Jan 19, 2008 7:17 pm Post subject: |
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| most insurances offer stacked insurance if you have more than one vehicle on your policy. stacked insurance has more coverage if you have a accident. i have three cars on mine and i have 300 thousand dollars coverage. i think you need to investigate this before makeing a decision. |
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DADUMMY52
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| Posted: Sun Jan 20, 2008 1:15 pm Post subject: |
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| Quote: | | most insurances offer stacked insurance if you have more than one vehicle on your policy. stacked insurance has more coverage if you have a accident. i have three cars on mine and i have 300 thousand dollars coverage. i think you need to investigate this before makeing a decision. |
Just want to clarify something regarding stacking of UM and UIM coverages, ''some'' states automatcially allow this, some prohibit it, and still others offer it for a fee...you will need to check with your state/country.
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Lori
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| Posted: Sat Mar 21, 2009 1:37 pm Post subject: |
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thanks for these replies...by the way I just wanted to say that I got both my cars insured from the same insurance company and my friends over here said...
I got more benefits
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tusharagg87
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| Posted: Wed Mar 25, 2009 9:41 am Post subject: hi |
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if you want you can do it. but why, why you want to loose the discount of doing multicar insurance many companies offer you discount so try for that.
there is nothing beneficial to do insurance by different companies |
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akhilesh
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| Posted: Thu Mar 26, 2009 1:02 pm Post subject: |
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Thanks Akhilesh for your reply...But I have already said that I have my both cars insured from the same insurance companies..
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tusharagg87
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| Posted: Fri Mar 27, 2009 2:10 pm Post subject: |
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I really didn't get it  Why people are against insuring both cars with same or different companies? Tushar, can you please tell me more about this.
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horizon
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| Posted: Fri Mar 27, 2009 3:03 pm Post subject: |
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Well, I even do not know much..Everybody over here advised me to get my both cars insured, actually they are my dad's cars, from the same insurance company. My father contacted the company and asked for the benefits. They said that they will insure our second car for an additional 6 months in the cost of 1 year. I am talking about India..
This is the main advantage we were getting and we did not hesitate to get our cars insured.
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tusharagg87
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| Posted: Sat Mar 28, 2009 4:58 am Post subject: |
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hmmmmm means you'll get additional 6. Sounds good deal.
| Quote: | | why you want to loose the discount of doing multicar insurance many companies offer you discount so try for that. |
akhilesh said something about loosing the discount. I don't have in depth knowledge in this matter. But if you are getting additional 6 month's benefit then what is the problem in insuring more than 1 car with the same company?
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horizon
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| Posted: Sun Mar 29, 2009 5:49 am Post subject: |
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no! why would you want to go through the hassle of finding two different insurance company? furthermore, like what many of the respondants already mentioned, why would you want to lose the multi-car discount? many insurance companies would offer you a cheaper deal if you register additional cars under the same company. in that case, it would be more worthwhile.
since you already have both cars under the same company, i suggest that you continue to do so. |
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seven7
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| Posted: Sun Mar 29, 2009 9:53 am Post subject: |
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at the moment, I am continuing with my policy of same insurance company...when my dad will think of buying next car(may be in a year or so), we will think what the alternatives are..But really having same insurance comnapny do have advantages
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tusharagg87
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| Posted: Wed Apr 15, 2009 12:55 pm Post subject: |
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| No i wont be an advantage rather a disadvantage .You should get the both cars insured by a single insaurance company |
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shray0686
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