Which car insurance companies have the biggest multi-car discounts?
Multi-car auto insurance discounts can save you 25%. Get cheap car insurance for multiple cars with State Farm, Geico, Progressive, and Allstate. Below, we'll compare savings from the best multi-car insurance companies and see how much you could save on coverage with a multi-car discount.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
UPDATED: Oct 18, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 18, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Save anywhere from 15% to 25% with a multi-car auto insurance discount
- Some multi-car insurance discounts may be lower, but if the company is cheaper to start with, it may still be the better option
- Auto insurance companies such as Geico, State Farm, Progressive, and Allstate offer significant multi-car discounts
You can get cheap auto insurance with a multi-car insurance discount from various companies if you insure more than one vehicle. The amount you’ll save depend on the company, but some offer larger auto insurance discounts for multi-car insurance than others.
Keep reading to discover how to get a multi-vehicle auto insurance discount. We’ll also explore the best auto insurance companies with multi-car discounts and overview important information about how to get cheap multi-car insurance.
Auto Insurance Companies With Cheap Multi-Car Insurance Costs
A number of different companies offer a multi-car insurance discount to customers who insure more than one car at the same company, which makes it easier to find cheap multi-car insurance.
Below, you can take a look at companies that offer discounts and the average percentage offered to see which companies offer the best multi-car insurance discounts.
Multi-Car Insurance Discounts by Provider
| Company | Savings |
|---|---|
| Allstate | 15% |
| Amica | 15% |
| Country Financial | 15% |
| Geico | 25% |
| Nationwide | 20% |
| Progressive | 12% |
| Safe Auto | 15% |
| Safeco | 15% |
| State Farm | 20% |
| The General | 15% |
It’s important to note that some discounts are only up to a certain percentage, which can affect your overall multi-car insurance cost. So, while you could save up to 25% with a multi-car insurance discount at Geico, you could also save less. In addition, discounts usually don’t apply to all of your auto insurance coverages, so always make sure to read the fine print.
You should also consider the overall company and other cost factors, as a multi-car discount is just one of many variables that affect auto insurance rates.
For example, State Farm generally has lower rates. Therefore, even if its multi-car insurance discount is lower than other companies, you may still save more with State Farm.
If a company has high monthly rates, a 20% discount may not save you as much money as a 10% discount from a cheaper company. Companies with lower multi-car discounts may also offer different discounts to help you find additional savings on your policy, making them as cost-effective as companies with high multi-car insurance discounts.
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How Multi-Car Insurance Policies Work
The process of insuring more than one car is the same as just insuring one car. For each additional vehicle, you will have to provide basic information about the car and who will be driving it. You will have to carry the required liability auto insurance on each car, although you can choose which of your vehicles you want to add extra auto insurance coverage onto, such as collision or comprehensive insurance.
Take a look at the table below to see which coverage applies to every car on your multi-car insurance policy and which you can usually pick and choose for your different vehicles.
Multi-Car Insurance Discount Coverage Across Vehicles
Coverage Shared Across Vehicles Coverage Set Per Vehicle
Liability insurance Collision insurance
Uninsured/underinsured motorist protection Comprehensive insurance
Personal injury protection (PIP) Roadside assistance
Medical Payments coverage (MedPay) Rental reimbursement
If you have a 15-year-old car and a two-year-old car, you can carry basic liability insurance on the older car and a full coverage policy on your two-year-old car.
Additional Benefits of Multi-Car Insurance Policies
Having all your cars insured by the same company offers benefits besides a multi-car policy discount. It also makes it easier to manage all your coverages in one place, handle payments, and file claims. On the other hand, if you have multiple insurance companies for your cars, it can be stressful to remember the information for each car and handle payments.
How to Get Accurate Multi-Car Insurance Quotes
As we’ve mentioned before, a multi-car insurance discount is just one factor in what rates you’ll pay for auto insurance. We recommend getting auto insurance quotes to see what rates you’ll pay and how much the multi-car insurance discount will save you. To do this, you will need to take the following steps:
- Collect your information. Make sure you have all the basic information about your cars and drivers for quotes.
- Choose your coverages. Decide beforehand what types of auto insurance coverage you want on each car, as this information will offer a more accurate estimate.
- Get your quotes. Apply for quotes at different auto insurance companies or use a quote comparison tool, so you only have to enter information once.
- Compare your quotes. Compare your quotes from the auto insurance companies to see which offers the best rates for your cars.
Once you have found a car insurance quote or two that you like, make sure to do a quick check on the company’s financial ratings and customer reviews. This will ensure there are no red flags about a company before you sign up for car insurance coverage.
Insuring Multiple Cars on a Single Policy
Companies will allow more than one car on your insurance policy, usually at least four or five vehicles. Geico is one of the few companies that allow customers to insure a higher number of vehicles. You should check out Geico if you need multi-car insurance for up to five cars.
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However, how many cars you can insure on one policy ultimately depends on the insurance laws in your state and which insurer you shop with. Not all companies will allow you to insure more than four vehicles without purchasing fleet or commercial auto insurance.
When You Shouldn’t Insure Multiple Cars on One Policy
Insuring multiple cars on the same insurance policy isn’t always the best option for every driver. Some of the reasons drivers may choose to insure cars at different companies include the following:
- One of the cars is a classic or specialty car.
- One driver has a poor driving record that will increase the rates for all the cars.
If you aren’t sure if you should insure all your cars at the same insurance company, getting quotes and considering what coverages you need will help you narrow down your options.
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How to Find Multi-Car Insurance Discounts
Multi-car insurance discounts can be a great way to save on car insurance if you have to insure more than one car. The amount you’ll save depends on the multi-car insurance company, but most auto insurance companies offer savings for policies on more than one car. Read more about the best auto insurance companies for multi-vehicle households.
The best way to see if a company’s multi-car insurance discount is worth it is to get multi-car insurance quotes for your cars. Enter your ZIP code below to get started on finding the best multi-car insurance companies in your area offering the cheapest rates.
Frequently Asked Questions
Can you choose different coverage types for each car?
You have to carry your state’s required auto insurance coverages on each vehicle, but you can usually choose which optional coverages you want. For example, you may carry comprehensive insurance on one car but not the other, but you will need liability insurance for both cars.
Can you choose different coverage levels for each car?
Yes, you can usually choose different levels of coverage for each car. For example, you could choose a $500 deductible for collision insurance on one car but a $0 deductible on your other car.
How many drivers can be added to multi-car insurance policies?
Generally, there isn’t a hard limit. However, you can only add people who live with you, such as a spouse or a roommate. If the driver doesn’t live with you, you can’t add them to your personal auto insurance policy.
Are multi-car insurance discounts worth it?
Yes, they can lead to significant savings, but it’s recommended to compare quotes to determine the best option.
When should I not insure multiple cars on one policy?
Insuring separately may be preferable for classic or specialty cars or if one driver has a poor record affecting rates.
How many cars can I have on an insurance policy?
Most companies allow at least four or five cars on a policy, with Geico offering more flexibility.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.