{"id":3921,"date":"2021-03-15T17:05:54","date_gmt":"2021-03-15T21:05:54","guid":{"rendered":"https:\/\/www.plymouthrock.com\/?p=3921"},"modified":"2024-09-05T09:16:55","modified_gmt":"2024-09-05T13:16:55","slug":"second-car-insurance","status":"publish","type":"resources","link":"https:\/\/www.plymouthrock.com\/resources\/second-car-insurance","title":{"rendered":"Multi-car & second car insurance policies in New Jersey"},"content":{"rendered":"\n

So you have a second car that you need to add to your auto insurance policy. Reasons for needing a second car insurance policy may involve life-change events such as marriage, new teen drivers, or buying that classic car for Sunday afternoon touring. Whatever your personal situation, you now have a need to insure an additional vehicle. <\/p>\n\n\n\n

You\u2019ll be glad to hear that there are some nice upsides that come from adding a second car to your auto policy. But before you officially add another vehicle to your insurance policy, it\u2019s important to know the carrier requirements for most multi-car policies. Let\u2019s consider both the requirements and benefits of second car insurance policies. <\/p>\n\n\n\n

Multi car insurance policies in New Jersey – Plymouth Rock<\/h2>\n\n\n\n

If you are a New Jersey resident with two or more automobiles, it may be time to consider a multi-car insurance policy. A common scenario would be that both you and your spouse drive to work each day, and now you are looking to add a vehicle for your\u202fnew teenage driver.\u202fOther examples of multi-car insurance policies may include coverage for seasonal vehicles such as convertibles or those with four-wheel drive that are best suited for snow and ice or a classic car that you only take out occasionally.<\/p>\n\n\n\n

The benefits<\/h2>\n\n\n\n

Having more than one vehicle on your auto policy will typically result in a lower premium than you would pay to ensure each automobile separately. If you\u2019re a driver in the state of New Jersey, you can probably expect to receive an annual premium discount <\/a>somewhere between 8-20%. Keeping all of your cars on one policy also means one payment date and one renewal date to keep track of.<\/p>\n\n\n\n

The requirements<\/h2>\n\n\n\n

Most insurance carriers will need the make, model, year, VIN, mileage of the cars, approximate mileage driven each year and the lienholder information (if this applies). In addition to detailed information for each vehicle, the insurance carrier will also require the personal information for each driver on the policy: legal name, date of birth, license number, gender and any accidents or moving violations in the last three years.  <\/p>\n\n\n\n

The restrictions<\/h2>\n\n\n\n

Most insurance carriers will not allow motorcycles to be placed on the same policy with cars or trucks. Typically, insurance companies require all automobiles on a multi-car insurance policy to have the same coverage for liability, but will allow a variance with comprehensive<\/a> and collision<\/a> coverage for individual vehicles on the same policy. Also, multi-car insurance policies are usually limited to four or five cars on one policy, but some insurers will allow more cars.<\/p>\n\n\n\n

The requirements for multi-car insurance policies<\/h2>\n\n\n\n

By definition, \u201csecond car insurance\u201d (otherwise known as multi-car insurance) involves having two or more vehicles on the same auto insurance policy. Much like a policy that covers a single vehicle, your carrier will require the vehicle identification number (VIN), lienholder information on all vehicles that involved a financed purchase, and the driver\u2019s license number for each person who resides in the household or will be operating the autos. Other required information for second-car insurance policies may include the following: <\/p>\n\n\n\n