Looking to not get killed on car insurance and own multiple cars - Any tips?

[Tonezorz]

So in purchasing a Civic Si soon I'm looking to justify keeping both cars we currently own. I'm curious if anyone has tips on how they own say, 3 cars or more (for a 2 person household) and don't just get absolutely killed by their insurance?

You read about "car people" owning 5-10 cars and I wonder how they do anything except work a second job for those premiums.

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[360glitch]

One thing I've learned is that you typically get lower rates in general if you have more cars on your policy.

 

[kritz]

Some offer a multi car discount. FWIW my new SI dropped my insurance 200 bucks a year over my 15..

 

[josby]

I have my S2000 insured as being driven less than 7500 miles a year, which lowers it some. That one is $55/month and my Civic is $81/month (same coverages) through State Farm. But without the multi-car discount my Civic would be more than $81/month. But since you already have multiple cars, I doubt you'd get any additional break for a third one.

State Farm told they don't offer another tier below the <7500 mile/year one, but I think there might be specialty insurers that offer policies for fewer miles that might be cheaper.

 

[Billy4202]

I'm at double/triple state limits with GEICO. Multi-car discount. My Touring is $34/mo.

Others quoted for (easily) twice if not three times that.

I'm a Fed though, so I also get an additional discount for that.

 

[josby]

I'm at double/triple state limits with GEICO. Multi-car discount. My Touring is $34/mo.

Others quoted for (easily) twice if not three times that.

I'm a Fed though, so I also get an additional discount for that.

Holy crap, that is way less than my $81. And my record is completely clean so that's not it. Dang, maybe the commercials are true. I need to look into that

 

[Billy4202]

Holy crap, that is way less than my $81. And my record is completely clean so that's not it. Dang, maybe the commercials are true. I need to look into that

Haha, yeah it might be. Eh, I'm close to being convicted for reckless though, so it won't stay that way for long

But, before my stupidity, I had a clean record for 10 years of driving. Never hurts to get a quote...

 

[2112]

Make sure your policy considers the percentage of time you will be driving the vehicles. Don't list your most expensive car as your primary.

 

[LuckyPenny]

It is really hard to compare premiums to other people online because they rarely disclose their policy details! I have two vehicles. One is $100 / month and the other is $10 / month. The cheaper vehicle doesn't have comp/collision coverage. The more expensive vehicle includes those coverages as well as higher limits across the board. Both vehicles carry many, many multiples of the state minimum liability limits.

 

[josby]

Something I just read about is https://www.metromile.com/ - they charge you a lower base rate per month and then on top of that you pay a fee per mile that you drive. If you won't be putting a lot of miles on your Si, it might be cheaper than a regular policy. Other insurance has low-mile tiers but with State Farm, 7500 was their minimum, and now that I'm with Traveler's, 6000 is their minimum.

 

[Cintx]

I shopped around and that's the best advice I can give you.

I ended up using Costco's brokerage firm and got my 2017 Civic EXT insured for $115 CDN monthly. I have $2 million liability and medical, accident and ticket forgiveness, car rental in case of accident, etc. It's full coverage and mostly maxed out except for wage replacement as I have that from work.

I also added replacement insurance. In the case of a total loss they give me the value of the car at the time of purchase instead of what the book value is at time of incident.

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