Sample Multi-Vehicle Insurance Policy from Progressive
Policy Overview
- Insurance Company: Progressive
- Policy Type: Multi-Vehicle Auto Insurance
- Vehicles Covered: 2
- Policy Duration: 6 months
- Coverage: Full Coverage for both vehicles
Mom(40s) and Daughter (20s) in Colorado Springs, CO |
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Year/Make Model: 2015 Nissan Murano and 2017 Infinity QX50 |
Ownership Status: Financing both Vehicles |
Discounts: Paperless, EFT, multi car, continuous insurance |
Selected Coverages With Progressive |
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Bodily Injury Liability: $100,000 per person, $300,000 per accident |
Property Damage Liability: $50,000 |
Uninsured Motorist Bodily Injury: Rejected Comprehensive: $1000 Collision: $1000 Roadside and Rental Reimbursement ADDED |
Other Rejected Coverages: Medical Payments |
Many people opt to keep their liability limits set at the state minimum to keep their insurance premium affordable. However there are many perks to raising the liability limits. You have much more financial coverage if you are found to be at fault in an accident. With the crazy rates and inflation, covering the cost for bodily injury and another person’s vehicle damage is costly and unpredictable. So maybe rates for insurance will be higher, but you are paying for peace of mind.
Total 6 Month Premium: $2298
Monthly Premiums
- Vehicle 1 (2020 Toyota Camry): $85
- Vehicle 2 (2021 Honda CR-V): $95
Discounts Applied
- Multi-Vehicle Discount: 12% off total premium
- Snapshot Discount: 10% additional savings for safe driving
Total Monthly Premium: $160
Total 6-Month Premium: $960
Additional Features
- Roadside Assistance: $15/month
- Rental Reimbursement: $12/month
Policy Customization
Progressive offers flexibility in adjusting deductibles and limits to fit your needs. Adding more vehicles or bundling home insurance can result in further savings.
Monthly Installments: $380
The cost of insuring two vehicles—a 2015 Nissan Murano and a 2017 Infiniti—through Progressive can vary significantly based on factors such as driver profiles, chosen coverages, discounts, and location.
For instance, a sample policy for a 2015 Nissan Murano and a 2017 Infiniti QX50 in Colorado Springs, CO, with drivers in their 40s and 20s, included the following coverages:
- Bodily Injury Liability: $100,000 per person / $300,000 per accident
- Property Damage Liability: $50,000
- Comprehensive and Collision: $1,000 deductible
- Roadside Assistance and Rental Reimbursement: Added
This policy had a total 6-month premium of $2,298, equating to approximately $380 per month.
It’s important to note that insurance premiums are influenced by various factors, including:
- Driver Ages and Driving Histories
- Location
- Selected Coverage Limits and Deductibles
- Applicable Discounts