there’s so many people that own 5+ shitboxes, but there’s no way they’re paying over a grand a year to insure all of them. is there something where you pay less to add on a car? obviously you can’t drive all 5 at once, so is there something where like only one at a time is covered for collisions, and the rest only if like a tree falls on them while parked? asking bc I’d like to be one of those people that own 5+ shitboxes. thanks :)
Each car needs a separate policy, but if you get all your policies through one company they are likely to throw a discount at you for multiple cars. OTOH, it also means if you get in an accident or get a pile of tickets your rates will probably go up on all of them. And, of course, you probably don’t need collision on a shitbox car that’s paid off.
It may also make a difference what you use them for. They may give you a lower rate if they know it is not used daily. I know someone with an old 60’s-era Mustang, he has it on a special policy that is much cheaper because it’s for classic cars only. But there is a limit to how much he can drive it in a year before his rates go up. It’s basically for old cars that you only drive to car shows or just to show off, and keep off the road entirely in the winter.
Some states may or may not require collision.
To be honest the most critical thing to have is coverage for other drivers and medical on yours.
Somebody gets hurt and 10 or 25k isn’t going to cover anything and you don’t want to have your wages garnished to cover the difference.
This especially applies when you don’t have a huge paycheck because you can afford to lose a percentage of your paycheck less than most people.