How to Get a Multi-Vehicle Auto Insurance Discount (2024)

Finding cheap auto insurance can be difficult. However, a multi-vehicle auto insurance discount could help you save if you plan to insure several cars. For example, you could save between 10% and 25% with multi-car auto insurance discounts from companies such as Geico, State Farm, and Progressive.

We’ll explain what a multiple-car auto insurance discount is, how it works, and how you can qualify for it. We’ll also go over the benefits of having a multi-vehicle policy and provide tips on how to get multiple auto insurance quotes to find the best deal. Enter your ZIP code into our free quote comparison tool above to get started today.

Multi-Vehicle Auto Insurance Discount Defined

A multiple-car discount may be helpful if you’re wondering how to save on your auto insurance with three vehicles. Generally, the more vehicles covered under a policy, the greater the discount.

Remember that these discounts don’t always apply automatically — you may need to specifically request it from your insurance provider. Additionally, certain terms and conditions apply, and the discount amount will vary depending on the insurance company, the number of vehicles, and other policy specifics.

Insure multiple vehicles on a single policy to qualify for a multi-car insurance discount. The insurance company calculates the rate for the policy based on several factors, including vehicle age, your location, drivers’ ages and driving records, and other considerations.

Best Auto Insurance Companies for Multiple Cars

The multi-vehicle auto insurance discount varies depending on the company, but it usually ranges between 10% and 25% off each vehicle’s rate. Take a look at the table below to compare multi-car insurance discounts from top companies such as Geico and State Farm:

Multi-Car Auto Insurance Discounts by Provider

As you can see, the multi-car discount with Geico offers savings of up to 25%, while you can save up to 20% with State Farm’s multi-car discount. On the other hand, you’ll only save about 10% with Progressive’s multi-car discount.

Not all car insurance companies have the biggest multi-car discounts, so it’s worth shopping around to find the best deal.

Benefits of a Multi-Vehicle Auto Insurance Policy

Believe it or not, having a second car does affect auto insurance rates. Having a multiple-car plan offers several benefits besides the fact that it’s often cheaper. First, it reduces the hassle of managing multiple insurance policies, with a single policy covering several vehicles.

This can save time, simplify payments, and reduce the number of renewals to keep track of each year. Also, a single policy means there is one point of contact for all claims, making the claims process smoother.

Another benefit is that a multiple-car plan can give you more flexibility when adding or removing vehicles from the policy. Finally, a multi-car policy is convenient if your family has multiple drivers since you can include everyone on one policy rather than requiring separate policies for each driver.

How to Qualify for a Multi-Vehicle Auto Insurance Discount

Insure two or more vehicles under one policy to receive a multi-vehicle auto insurance discount. Beyond that, each insurance provider may have slightly different qualifications for eligibility. Still, there are several options if you’re considering auto insurance companies for multi-vehicle households.

Some of the most common requirements include having the same address as the other drivers on the policy, having all drivers on the policy being related, having all policyholders’ cars in the same location, or owning all cars covered by the policy.

Again, it’s best to talk directly with your insurance company to determine their requirements. Finally, you should compare the total cost of a multi-car policy to individual policies to ensure it will cost less than individual policies.

Get Cheap Auto Insurance With Multi-Car Discounts

If you have more than one vehicle in your household, a multiple-car auto insurance policy might be worth considering. Not only can it save you money, but it can also simplify the claims process and save time managing multiple policies. Read more about how to manage your auto insurance policy.

However, to get a multiple-car insurance discount, you must insure two or more vehicles, and other eligibility requirements may vary between insurance providers.

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As with any insurance decision, remember to compare policies and providers to ensure you find the best insurance for multiple cars. By following these tips and considering the benefits outlined here, you can decide whether a multiple-car auto insurance discount is right for you. Enter your ZIP code below to start comparing free auto insurance quotes.