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Does your family own several cars? You may benefit from purchasing a multi-car insurance policy. Whether you're a couple with two cars, have teenagers who have started to drive or have other relatives living under the same roof, a multi-car insurance policy may save you money while at the same time ensuring that every vehicle is provided the same robust coverage.
A multi-car insurance policy could be beneficial in situations where adult children have moved back home to save money; consolidating policies instead of having each adult pay for a different insurance plan is an effective way to cut costs.
Understanding the benefits of multi-car insurance
One of the biggest advantages of multi-car insurance plans are the associated discounts. Any time you insure more than one car with Nationwide, you’re eligible for a discount. When it comes to the Nationwide Family Plan, any time a vehicle is added to a policy, it increases the discount for that driver and benefits all of the insured drivers on the policy.
How to make our multi-car coverage work for you
The more cars you have in your family, the more you increase your risk of an accident. And, if a driver is under the age of 25, he or she is considered high risk, which may increase your insurance premium. If one of the cars you’re adding to your current policy is driven by an inexperienced driver, the discounts that are associated with a multi-car policy can help offset some of those costs.
The biggest advantage of working with your Nationwide agent is that he or she can assess your current situation and see where you might need additional coverage and where you could make adjustments to save money. Because Nationwide agents understand the changing needs of families, they can tailor a policy that provides Nationwide’s best coverage at the most affordable price.
Not having enough auto insurance can be a costly move and cutting corners to save money up front is not encouraged. Combining auto insurance plans into a multi-car insurance policy can provide better coverage for all of your household's cars, while the discounts for multiple vehicles help offset the costs of that better coverage.
As you work with your agent, you’ll be able to identify what coverage you need for all the vehicles in your multi-car policy. Contact Nationwide today to see what a multi-car insurance policy can do for you and how your Nationwide agent can help you start saving money while you stay protected.