Shoppers in supermarkets are accustomed to seeing volume discounts; when they purchase several units of the same item, they may receive each at a noticeably lower price. This makes it more efficient to buy several items at the same time rather than purchasing them one by one.
A similar principle can apply when it comes to car insurance. When a household possesses several automobiles, it is generally less expensive to have all of them listed on the same policy than to maintain a separate policy at a different insurance company for each. Volume discounts do apply in the auto insurance world, though of course the nature and use of them is at the discretion of the individual insuring company.
The Convenience Factor
In any case, there is another reason besides cost to list all vehicles on the same policy. It is usually true that all drivers in the household should be listed on the policy for each car in that household. This is so that everyone is covered completely, no matter which car they drive. Sometimes parents make the mistake of thinking, for example, that their teenage son will only drive the mother?s car but never the father?s, and so they don?t list him on the policy for the father?s car.
There may come a time when he does need to drive the alternate car, however. The situation could arise from something as simple as the fact that his mother?s car is in the shop, or the rationale behind the switch could be more dire, such as an emergency when only the father?s car is available. Because of circumstances like these, it is simply wiser to list all drivers on each policy in the first place.
This can be a little bit of a hassle when every car is insured with a separate company. When they are all listed together on the same policy, however, the listing of drivers to be insured need only be done once.
When not to List a Driver
There are some situations, however, in which it is better not to list a particular driver on all cars in the household. This is the case, for example, when one individual has a particularly bad driving record. Assigning that driver to a single car rather than every car can work out to a cost saving since the premium for each car might have to be higher to compensate for the greater accident risk he or she represents.
Multiple Car Discounts
Terms and conditions do vary from auto insurance company to company, but a general rule of thumb is that people who have multiple cars on the same policy may save as much as 25% over what they would pay if insuring them separately. This is significant money, representing, for example, a reduction to $375 for coverage that would normally cost $500. That is a saving of $125 ? and moreover, one that can be obtained for almost no effort at all.
To start looking for multiple car discounts right away, that might be available to you and your family. Take advantage of the internet for online insurance quotes for your automobiles.
matt leinart cyber monday 2011 cyber monday 2011 turkey pot pie turkey pot pie southern university regenesis
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন