I have insurance on one car but am thinking about adding a truck.. I am the only person on my policy. Do I have to pay double premium

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jun 7, 2016

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Insurance Question from East York, PA

Asked on 06/07/2016

I have insurance on one car but am thinking about adding a truck.. I am the only person on my policy. Do I have to pay double premium NULL

Answer given on June 22, 2016

In auto insurance you usually save money for having multiple cars on your policy. The discount varies but is usually around 15% to 20%. This discount applies to both vehicles, so the cost of your current vehicle will go down.The cost of the insurance on the truck will depend upon the year, make and model, presuming you will be insuring it for full coverage (comprehensive & collision). The liability will be based on your driving record. If you have a ticket or accident, the surcharge for those will be applied only to one vehicle, but it will be applied to the most expensive vehicle to insure.Many insurance companies also rate based on annual mileage. Since you will have two vehicles, the annual mileage for each will probably be less, thus saving you money. Talk to your agent or insurance company and get a ball park figure for insuring the kind of truck you are considering. That will help you decide if you want the extra vehicle.

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