For those of you with 4+ cars and only 1 driver, how do you insure them? The standard model of insurance is becoming expensive, especially how little I drive 2 of the cars.

Thanks!
Sean

 

You should be able to adjust the mileage on each car. I know that helped with mine.

 

Well it depends upon how often you drive some of them. You could drop liability coverage on the ones you are not driving right now and then add it back when you will be driving them. When I was in the insurance industry I had a few clients do this with winter/summer cars. Only carry comprehensive coverage on the cars not in season to protect against theft and other non driving damages etc. then add them back when you will be driving again.

 

If you are willing to live with pretty strict usage restrictions, there are collectible car policies that can be cheaper. I could never go that way since on occasion any of my cars comes to the office and I don't need a fight with my insurance company over an incident to or from office. I know of no easy solution, personally

 

If you dont mind concentrating ALL your insurance-home/Renters, umbrella, car- w/ one insurer you can get a multi line discount. I have this w/ St Farm. Of course limited mileage, increasing deductibles, and taking defensive driving course can also help.
Its a high class problem for sure.

 

Three cars. Two bikes. All five vehicles considered performance-oriented and relatively expensive. With homeowners insurance <$500/month.

 

LOL - I'll survive Yeah, I am going to shop around and see what I can get.

 

Enlist the help of a good independent agent. It saved me a LOT versus Allstate.

 

I've got 3 vehicles (2 high performance / 1 luxury) and i'm paying too much. I've actually downgraded to liability coverage until I figure out a way to get more reasonable rates.

 

I have Geico out in Nevada and they way they do it is base the liability/property/uninsured premium on the driver with your primary car (my case the Prius). Then as you had "pleasure" cars they add comp and collision for each one. My premium for 4 cars is $2,200/yr (when I take off the Cayman in the next few days the premium will drop to like $1,800/yr). So each additional car adds like $400-$500/yr to the premium since you can only drive so many miles on each car each year.

 

+1 for the independent agent. Mine, a Porsche owner, reviews my options annually.

 

Independent agent for me and went with Travelers....

 

I have an appointment with a local independent agent today to talk through everything. Great suggestion and I'll let you all know how it goes.

 

+1 I get quotes on insurance every two years. Most of the time my existing insurance company will lower rates to match the market.

 

3 cars, 2 drivers => Geico
Umbrella => Geico
Homeowners => Chubb (Independent Agent)

I recently got a car insurance quote with State Farm and it was almost the double of what I am paying to Geico.