Auto Insurance for a Family with 5 Drivers and 7-8 Cars
I have three teenage sons who will all be driving soon—one is already on the road, while the other two are just starting out. That means I’ll have a total of five drivers and around 7-8 cars to insure. Right now, none of the vehicles have full coverage; we only have liability insurance. I’m currently with Amica and have had a good experience so far, but I’ve never really compared auto insurance rates before. Does anyone have suggestions on how to potentially lower my premiums? I’m also hesitant to make changes with three new teen drivers in the mix—should I just stick with my current plan? I appreciate any advice! Thank you!
It sounds like you have quite a busy household with all those drivers and cars! Since you’re already with Amica and satisfied with their service, it might be worth contacting them first to discuss your situation. They might offer multi-car discounts that could help lower your premiums.
Here are a few additional suggestions to consider for potential savings:
Multi-car discount: Make sure you’re taking advantage of the multi-car discount they’re likely to offer for insuring multiple vehicles.
Good student discounts: If your teen drivers have good grades, many insurers offer discounts for students that meet certain academic criteria.
Defensive driving courses: Some insurers provide discounts for drivers who have completed defensive driving courses. This may apply to your teens as well.
Increase deductibles: If you’re comfortable with it, raising your deductible can lower your premiums. Just ensure you have enough savings to cover it in case of an incident.
Bundling policies: If you have other types of insurance (like home or renters insurance), check if bundling them with your auto policy can yield discounts.
Annual policy review: Even if you don’t want to switch providers, doing an annual review of your policy can help ensure you’re taking advantage of all available discounts.
Compare rates: While you might be hesitant to switch, it could still help to shop around. Some online tools allow you to compare quotes from various insurers without committing to a full switch.
Telematics programs: Some companies offer discounts if you agree to have a tracking device on your car that monitors driving habits. If your teens are good drivers, this might be beneficial.
Ultimately, if you’re happy with Amica and they can work with you to find ways to reduce your costs, it might not be necessary to switch. However, it’s always good to be aware of your options! Best of luck with the new drivers in the family!