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Find out more about what multi-car insurance is, how you can save money with it and the cheapest providers of multi-car policies
Compare Multiple Car Insurance Quotes
Written by: Daniel Robinson Written by: Daniel Robinson Writer Daniel is a staff writer for Guides and has written for several automotive news websites and marketing companies in the US, UK and Australia specializing in car financing and car care topics. Daniel is an authority on the Guide Group on auto insurance, loans, warranty options, car services and more.
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Edited by: Rashaan MichnerEdited by: Rashaan Michner Editor-in-Chief Rashaan Michner is a Guide staff editor with more than 10 years of experience covering personal finance and insurance topics.
A multi-car insurance policy can make covering your car easier and cheaper. We at Guides team explore coverage options for multi-car policies and highlight some of the best car insurers on the market. We also help you find the cheapest multi-car insurance policies that meet your unique needs.
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The Guide team is dedicated to providing reliable information to help you make the best possible decision about your auto insurance. Because consumers trust us to provide objective and accurate information, we created a comprehensive rating system to compile ratings of the best car insurance companies. We collect data from dozens of auto insurance companies to rank companies on a wide range of rating factors. After 800 hours of research, the end result was an overall ranking for each provider with the highest scoring insurers at the top of the list.
Cheap Car Insurance
For drivers interested in multi-car insurance discounts, we recommend Country Financial, USAA, Erie Insurance, Geico, and Nationwide. These providers offer a variety of discounts, including some of the lowest average rates for minimum and total auto insurance, as well as savings for insuring multiple vehicles.
The rates shown below are for a 35-year-old married driver with a clean driving record and good credit. Drivers in good standing may qualify for even lower rates for insuring multiple vehicles. Discount rates vary by insurer and policy. Ask about multi-vehicle discounts when you get quotes from the top-rated car insurance companies below.
Country Financial offers some of the most affordable monthly car insurance payments for a variety of driver profiles, especially high-risk drivers. The company’s lowest average coverage price of $356 per year or $30 per month makes it an economical choice. That doesn’t count Country Financial’s multi-car discount, which is one of 13 available.
Country Financial currently operates in 19 states and offers insurance products including usage-based insurance, collision and comprehensive coverage, and more.
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USAA is known for offering low fares to military members and their families across the country. The company’s minimum coverage rates are competitive, but its total coverage rates of $1,512 a year or $126 monthly mean drivers looking for this level of coverage may find better value elsewhere. However, well-qualified customers can avail discounts on several company cars as well as 13 other discount options.
Erie Insurance’s low minimum coverage rates of $390 per year or $33 per month make it an affordable choice for drivers in 12 states and Washington, D.C. Although the company has a limited service area, it has excellent industry ratings, high customer satisfaction ratings, and overall. Out of nine discount opportunities that include a multi-vehicle discount.
Geico offers affordable minimum coverage in all 50 states at an average price of $461 annually or $38 per month. The company has excellent industry ratings, an easy-to-use mobile app, and 16 discounts available, including usage-based insurance discounts, multi-car discounts, and more.
Nationwide offers 10 other discount opportunities, including two usage-based insurance programs and a multi-car discount. The company also offers additional coverage and other benefits, including accident forgiveness and missing person deductibles. Low average nationwide full coverage rates of $1,433 per year or $119 per month make the provider a great option for drivers in 47 states.
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Multi-car insurance policies cover more than one vehicle under a single insurance policy. These policies are available from many providers and usually come with some form of discount. In addition to saving you money, multi-car insurance policies can simplify your premium payment process. It is much easier to make a single payment than to spread payments and due dates across multiple vehicles.
There are several potential disadvantages to a multi-car insurance policy. If a high-risk rider is added to your policy, it can result in a higher overall premium. It can be difficult to say exactly how much discount each provider offers for insuring multiple vehicles. As always, comparing car insurance quotes from multiple providers and asking your insurance agent lots of questions are good strategies for finding the best rates.
In general, a multi-car insurance policy works like a single-car policy. One important difference is how coverage types are shared between vehicles in a multi-car plan.
Medical Payment Protection (MedPay) and uninsured motorist insurance are shared, as well as bodily injury liability insurance and property damage liability coverage. Comprehensive coverage and collision coverage can be applied separately to get the cheapest multicar insurance policy. This flexibility is a good benefit if you want to insure a new car and a vehicle with high mileage that you don’t want to protect with full coverage.
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Anyone who lives with you can be added to your multi-car insurance policy. This usually means your spouse, children, or other family members, but it can also include roommates. It’s a good idea to include the names of anyone who might be driving your vehicle in the event of an accident.
According to our estimates, the average cost of a full coverage auto insurance policy is $2,008 per year or $167 per month. Even with a discount for adding multiple vehicles to a single policy, you can expect to pay more than covering a single vehicle.
Keep in mind that auto coverage rates are determined by a number of factors. Here are some factors that providers consider when setting insurance premiums for multiple cars:
Some of these factors that determine cost are beyond your control. Strategies you can employ to get cheap auto insurance include choosing lower coverage levels or limited coverage limits, choosing a higher deductible, and bundling auto insurance with homeowner’s or renter’s coverage.
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Getting low car insurance rates is often a matter of comparing car insurance quotes from multiple providers. The process is almost the same for finding the cheapest car insurance rates for more than one vehicle. When collecting various insurance quotes, keep the following information handy:
Be sure to compare quotes online from multiple car insurance providers to determine which one may offer the best rates for covering more than one vehicle.
Many car insurance companies compete with each other to offer the cheapest multi-car insurance rates. Because of this, you will usually find discount opportunities for multiple cars. Below are some providers that will reduce your per-vehicle rate if you add additional cars to your plan:
This list is not exhaustive, so check with other auto insurance agents in your area if you are considering another provider. You may also find other car insurance discounts that may outweigh the benefits of choosing a particular insurer for coverage for multiple cars.
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If you want to find the cheapest multi-car insurance available, you’ll need to do some comparison shopping. Because not all providers offer the same discounts for multiple vehicles, you should ask a lot of questions before you buy.
Depending on the discounts offered by your car insurance company, you may save money by insuring multiple vehicles together rather than taking out separate policies. As with buying auto insurance for a single car, it’s best to compare free quotes from multiple providers to find the lowest rates for insurance for multiple cars.
According to our cost estimates, Geico offers lower average rates than Progressive for those with a clean driving record. Geico offers full coverage auto insurance at an average cost of $1,596 per year, while a full coverage policy from Progressive costs an average of $2,030 annually.
Two vehicles can be fully insured per person. Multi-car insurance policies allow you to put multiple cars on one policy with the same provider. Cheap car insurers offer discounts for multiple vehicles, making it easier to have one premium and one payment date.
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Multi-car insurance is policies that cover more than one vehicle. These policies usually apply the same coverage terms to each vehicle, whether the policy has minimum or full coverage. Multi-car insurance policies get a special discount from many insurance companies.
Our research shows that the most affordable and top-rated insurers are Country Financial, USAA, Erie Insurance, Geico and Nationwide. Each provider has unique policy options, discounts and areas of coverage.
Discounts for multiple car insurance coverage vary by provider, driver and policy. For an older driver
