Can I add a second car to my insurance policy?
If you have a second car you drive occasionally, you can typically add it to the policy you have for your primary vehicle. Many insurance companies offer multi-vehicle discounts, which can help you save money on your premium.
How to add a second car insurance policy
At Progressive, customers save an average of 4%* when they add a car to their policy. But, depending on the type of car you have and how often you drive it, adding a second vehicle to your existing policy may not be the best option.
Can you have two car insurance policies on two different cars?
If you have more than one car, it's possible to insure both under two separate policies. And in some cases, that may make sense. For example, suppose you only plan to drive your second vehicle occasionally. In that case, it might be more cost-effective to purchase a policy that lets you pay per mile than to add your second car to your existing policy.
And if you have a classic car, a policy that's designed specifically for classic cars can provide specialized coverages that aren't available with standard auto insurance. Plus, classic car insurance costs about $244 less per year than a standard policy.**
Insuring two cars for one driver: How much does second car insurance cost?
The price you'll pay to buy insurance for a second car depends on multiple factors, including where you live, the type of car you have, your driving history, the types of coverage you purchase, and more. Getting insurance for a second vehicle typically doesn't cost as much as buying a policy for your first, thanks to multi-vehicle discounts, specialty car insurance policies, and usage-based options.
But it might cost more than you think if your second vehicle is a sports car, even if you don't drive it regularly. Because sports and exotic cars are built for speed, they're riskier to drive than your average four-door sedan. And the more risk the insurance company takes on, the higher your car insurance rates will be.