Insurance companies guidelines differ but many do have a limit or cap on the amount of vehicles allowed on an insurance policy. Most insurance carriers limit the amount of vehicles on a policy to 4, but you can add more by endorsement after the insurance policy is purchased.

You can insure as many cars as you own as long as the insurance company you are working with can handle it and they do not have rules to not allow it. Most insurance providers will setup a second policy if they cannot handle the amount of cars that you own on just the one policy.

Insurance rates do normally increase every time a car is added to the policy. This is because more vehicles are being insured and thus premiums will be due on each vehicle. The amount of the premium on each car will depend upon what coverages are placed on each automobile.

Typically new cars will cost more than a used car to insure. This is due in part to the costs of repairs likely being more for a newer car if it was damaged and that newer cars have more risk of being stolen then an older vehicle. Also many times the owner of the vehicle will want more coverages on a newer vehicle.

If you need a rate quote for car insurance on one or multiple cars, start here with us by getting a free auto insurance quote.