Adding a Second Car to Your Insurance: What You Need To Know

If you’ve recently purchased a second car, you’ll need to add it to your existing insurance policy. Adding a second car to your insurance can be an expensive and complicated process, and you may be wondering what the cost to add a second car to your insurance will be. Read on to learn more about what you need to know when adding a second vehicle to your insurance.

Do I Need to Add a Second Car to my Insurance?

The simple answer is yes. In the United States, you are legally required to have insurance on any car you own. Even if you don’t plan on driving the car right away, you’ll still need to add it to your insurance before you can register the car and obtain license plates.

How Much Does it Cost to Add a Second Car to Insurance?

The cost to add a second car to your insurance will depend on a variety of factors, such as the make and model of the car, your driving record, and the coverage limits you choose. Generally, you can expect to pay around 10-20% more for your insurance if you add a second car to your policy. However, it’s important to shop around and compare quotes from different providers to make sure you’re getting the best deal.

What Discounts Are Available for Adding a Second Car?

When adding a second car to your policy, you may be eligible for certain discounts. For example, if you have multiple cars from the same manufacturer, you may be able to get a discount for insuring them together. Additionally, some providers offer loyalty discounts for returning customers or discounts for adding multiple cars. Make sure to ask your insurance agent about available discounts when adding a second car.

What Documents Do I Need to Add a Second Car to My Insurance?

When adding a second car to your insurance, you’ll need to provide the following documents: proof of ownership, proof of registration, and a copy of the title. You’ll also need to provide your insurance company with the VIN number and other information about the vehicle, such as the make, model, and year. Your insurance company may also require an inspection of the vehicle before they will insure it.

Do I Need a Different Insurance Policy for a Second Car?

No, you do not need a different insurance policy for a second car. Generally, you can add multiple vehicles to your existing policy. However, it’s important to keep in mind that you may need to adjust your coverage limits or purchase additional coverage if you add a second car to your policy.

Conclusion

Adding a second car to your insurance can be a complicated and expensive process. However, by understanding the cost to add a second car to your insurance and what documents you need to provide, you can make the process easier. Additionally, make sure to ask about available discounts and compare quotes from different providers to make sure you’re getting the best deal.