A multi-car insurance policy just means that you have two or more vehicles in your policy. If you have more than one vehicle in the same direction, you can add them all to your policy. Some insurance companies may indicate that they must have a garage at the same address, but an actual garage is not required. It simply means that cars must be parked in the same direction or close to it.
If you allow someone else to lend you your car, your insurance policy will continue to cover it. Insurers call this permissive use. This is true even when the driver has their own insurance. However, both your insurance policy and your driver's insurance may apply in the event of an accident.
The type of insurance you pay and the amount will vary depending on the language of both policies and the details of the accident. Comprehensive car insurance and collision insurance are also common types of car insurance coverage, although no state requires them. If the driver uses your car frequently or lives in your home, your insurer may determine that they should have added it to your policy as a driver. If your child goes to school and has their own vehicle, the car can normally remain on their multi-car insurance policy as long as the student continues to use their home as their primary address.
Insurance companies have different rules about who can or cannot be added to an auto insurance policy, as well as how many drivers can be on the list. That's why it's also important to know how much car insurance you need, so as not to jeopardize your personal assets in the event of an accident. However, drivers who choose not to purchase auto insurance must show that they have sufficient funds to meet the state's financial responsibility requirements (PDF) in the event that they cause an accident. The main reason car insurance is mandatory in almost every state is because of your personal liability (liability) if you cause an accident.
Learn more about North Carolina's car insurance requirements and some optional coverages, and then learn how to easily get a North Carolina car insurance quote through Progressive. By requiring specific liability insurance for victims of an accident caused by you, they can receive financial help for injuries and property damage without seriously affecting their own financial well-being. Multi-car insurance means having multiple vehicles in an auto insurance policy maintained in the same place. Just add any vehicle that belongs to your spouse, family member or roommate to your policy and you'll receive the discount for several vehicles as long as the car is mainly stored in your home.
In most cases, your insurance can cover the accident, but depending on the limits of your policy and the details of the accident, the driver's insurance policy may cover all or part of the claim. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. Yes, you can get a multi-car discount if you have more than one vehicle on your Progressive auto insurance policy.