Car Insurance Policy Information – Is Another Car Insurance Policy Needed When You Buy a New Car?
Q: I just bought a second automobile, is car insurance needed for this car separately? I mean do I need an entirely new policy for my second automobile?
A: For your second automobile car insurance is needed, but you do not need an entirely new policy. You should be able to add your second automobile to your existing policy with no trouble at all.
The good news is that if your second automobile is only going to be driven by you then you will not need need to spend a lot more money on the insurance premiums as long as the second automobile is of similar value to the first.
If the second car you purchases is a considerably more expensive car then your premiums will increase in order to cover the value of this second car. If this is the case you should try to drive the other car more often so you can qualify for the low mileage discount on the more expensive car.
If you find your insurance company is seeking a considerable rate hike then you should consider switching to a more accommodating company.
Congratulations on the purchase of your second automobile. Car insurance can be a tricky field and we hope we were able to answer your question.
We would highly recommend that you shop around online and compare auto insurance quotes. One of the easiest ways to save a ton of money on your car insurance premiums is by simply comparing quotes, then choosing the best coverage at the lowest rate.