Multi Car Insurance: Definition
A multi car insurance policy is an auto insurance policy that covers multiple vehicles located at the same address. Often insurers offer a multi car discount if all the vehicles located at the same address are insured with the same company.
Multi Car Insurance Policy: Recommendation
Given high car insurance rates in many provinces, and in Ontario in particular, a multi car discount can represent significant savings. For example, if an insurer offers a 15% multi car discount on both car insurance policies and you have two vehicles with quoted insurance premiums of $1,900 and $2,200 per year, your savings from multi car discount will add up to $615 annually. You should definitely consider this discount when searching for a car insurance policy for your household.
- Interested to save on your auto insurance? Get a free quote today
- Discover the lowest auto insurance rate across numerous insurance companies
- Spend 15 min to start saving hundreds of dollars annually
Get a free Auto Insurance quote from 10+ Canadian insurers in Alberta
Our Publications related to Auto Insurance
Introducing a New Tool to Find Out What Issues Canadian Face with Their Insurers
The arrival of COVID-19 has pushed Canadians, more than ever before, online for finding and applying for insurance and banking products. It is not easy, though, to make the right choice without knowing if a particular insurer will be there when you need them the most. As the largest Canadian review platform with thousands of […]
Car Insurance in Alberta – Top Media Stories, Spring 2017
Here are two summaries of top Alberta Car Insurance stories that were published in March and May 2017 in Canadian media outlets: CBC News Edmonton: Insurance company offers $5,500 for truck appraised at more than $40,000 (click to scroll to the story summary) Simcoe Reformer: Changes to benefit entitlement in 2016 adds to family’s struggle […]
Cheap Car Insurance – 7 Things to Know if You Are New to Canada
Something that is quite straight forward for Canadians often turns out to be more complicated for those who are new to Canada. Searching for auto insurance and getting a cheap car insurance policy is one such issue, but we are here to help. Here are some questions you need to answer and steps you need […]
111 Insurance Myths – Everything You Must Know
Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional insurance myths at the end of our article. […]
Ontario Car Insurance – Will the Premiums Climb Up in 2017?
Ontario car insurance rates are still by far the highest across Canada. This publication looks, in detail, at these rates and scrutinizes the recent approval of rate changes by the Financial Services Commission of Ontario (FSCO) to understand what consumers can expect in future. We also look at several possible scenarios how car insurance rates […]