Can my roommate’s car be added to my auto policy for multicar discount?

UPDATED: Sep 20, 2017

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UPDATED: Sep 20, 2017Fact Checked

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Asked September 20, 2017

1 Answer

People living in Illinois have some terrific car insurance options. With the higher costs of rent these days, more people than ever choose to have a roommate. This can dramatically offset some expenses. Many individuals in this situation never consider the possibility of adding their roommate onto their car insurance. Doing this can enable one to take full advantage of any multiple-car discounts. This is a good idea in cases where a person wants to use their roommate's vehicle or vice-versa. Having your roommate covered under your policy for car insurance ensures coverage in the event of a car accident or hit-and-run vehicle damage.

There are some things to consider before changing your car insurance policy. Your roommate's past driving record, and likely their credit score and history, will be used by your insurance company to determine the new rate. Obviously if a roommate has poor credit or has multiple accidents, traffic citations or increased points on their driving record, your insurance rate can skyrocket. In this case, adding your roommate may counteract the multiple car discount benefit. Another thing to think about is the value of your roommate's car. Very expensive car models generate higher car insurance monthly or bi-annual payment rates.

Adding a roommate to your existing car insurance policy may be a good plan. In Illinois, car insurance companies often offer additional services and benefits that may include a significant multiple car discount. Car owners always appreciate extra cash in their pocket. Again, the decision of whether to add a roommate to gain insurance benefits should always be considered carefully. It is certainly advisable to ask a qualified insurance agent to explain the pros and cons. In the end, a roommate included on your policy for car insurance could lower your out-of-pocket rates for Illinois car insurance.

Answered September 21, 2017 by kai127

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