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Does Adding a Car Increase Car Insurance

When you buy a car, there’s a certain amount of trust that you place in the dealership. You trust them to do their job and provide you with an automobile that meets your needs. But what happens when you add a car to your fleet? Do your insurance rates go up? The answer is a little complicated, but in short, it depends on the type of coverage you have and the details of your individual policy. To get a more detailed answer, let’s explore each element of the equation: car insurance, driving habits, and vehicle usage. ###

How Car Insurance Works

If you add a car to your policy, your insurance company will usually raise your rates by a certain percentage. There are a few exceptions to this rule, but for the most part, adding a new car to your coverage will result in an increase in rates.

When you buy insurance, you’re buying protection against financial loss. If something bad happens and you can’t drive your car, or if it’s stolen, your insurance policy will help pay for damages or replacements.

Your car insurance policy is based on the value of the vehicle you own (or are borrowing). The more expensive the vehicle, the higher the premium. You may be surprised to find out that even adding a used car to your coverage can result in an increase in rates. That’s because used cars typically have lower values than brand-new cars.

There are a few things you can do to try to save on your car insurance premiums: make sure the car is properly insured; keep comprehensive and collision coverage active; and get liability insurance for any passengers who are driving with you.

What Increases Your Risk for car accidents

Adding a car to your policy increases your risk for car accidents. A recent study from Insure.com found that those who add a new car to their policy are more than twice as likely to be involved in a collision as those who don’t. The study also found that the risk is even higher if you have multiple cars on your policy.

The Insure.com study looked at data from more than 2 million drivers across the country. Drivers who added a new car were 3.5 times more likely to experience an accident within the first year of owning their vehicle, and they were 7.1 times more likely to be in an accident in the second year of ownership.

If you’re considering adding a new car to your insurance policy, it’s important to weigh the risks against the benefits. Adding a new car can increase your premium, but it may also give you peace of mind knowing that you’re covered in case of an accident.

How Adding a Car Increases Your Risk for Car Insurance

Adding a car to your household increases your risk for car insurance. The most obvious reason is that you are now driving two cars instead of one. This raises your chances of getting into an accident, and makes you a more expensive policyholder.

Other factors that can increase your car insurance rates are if you have speeding tickets or accidents in the past. Your insurer may also decide to raise your rates based on your age, driving record and credit score.

If you’re considering adding a car to your household, make sure to ask your insurer about your specific risks and rates before signing up for coverage.


I’ve searched high and low for an answer to this question, and I haven’t found one that is 100% accurate. However, from what I can tell, it appears that adding a car to your policy increases the chance of your rates going up. This is because car insurance companies use statistics to determine how much they are likely to pay out in claims, and adding a car generally raises the chances of needing to payout on more claims. If you’re concerned about increasing your rates or want to be sure you aren’t over-insured, it might be worth taking the time to do some research on your own and see if adding a vehicle affects your rate.

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