- Best Car Insurance For 2 Cars
- Car Insurance Options & Quote
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Learn more about what multi-car insurance is, how you can save money with it, and the cheapest providers for multi-vehicle policies
Best Car Insurance For 2 Cars
Written by: Daniel Robinson Written by: Daniel Robinson Author Daniel is a Guides Team writer and U.S., U.K. and has written for several automotive news sites and marketing organizations in Australia, specializing in auto finance and car care topics. Daniel is the Guides team authority on auto insurance, loans, warranty options, auto services and more.
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Edited by: Rashan Michner, Edited by: Rashan Michner Managing Editor Rashan Michner is a Guides team editor with over 10 years of experience covering personal finance and insurance topics.
A multi-car insurance policy can make your auto coverage more convenient and cost-effective. We at Guides team explore coverage options for multi-car policies and highlight some of the best auto insurance companies on the market. We can also help you find the cheapest multi-car insurance policies that suit your unique needs.
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The Guides team is committed to providing reliable information to help you make the best possible decision about insuring your vehicle. Because consumers rely on us to provide objective and accurate information, we’ve created a comprehensive rating system to create rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade companies on a wide range of ranking factors. After 800 hours of research, the final result is an overall rating for each provider, with insurers with the highest points at the top of the list.
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For drivers interested in multi-car insurance discounts, we recommend Country Financial, USAA, Erie Insurance, Geico and Nationwide. These providers offer some of the lowest average policy rates for minimum and full-coverage car insurance, as well as many discounts, including savings for insuring multiple vehicles.
Rates given 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 to insure multiple vehicles. Discount rates vary by insurance company and policy. Ask about multi-vehicle discounts when you get quotes from the top-rated car insurance companies below.
Country Financial offers the most affordable monthly car insurance payments for many different driver profiles, especially high-risk drivers. The company’s average minimum coverage cost of $356 annually or $30 monthly makes it a budget-friendly option. That’s not even counting Country Financial’s multi-car discount, which is one of 13 available discounts.
Country Financial currently operates in 19 states and offers insurance products including usage-based insurance, collision and comprehensive coverage and more.
Car Insurance Options & Quote
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 full-coverage rates start at $1,512 a year or $126 a month, meaning drivers who want that level of coverage can find better costs elsewhere. However, well-qualified clients can take advantage of the company’s multi-car discount 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 option 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 scores, and overall. Nine discount opportunities, including a multi-vehicle discount.
Geico offers affordable minimum coverage in all 50 states for an average of $461 per year, or $38 per month. The company has industry-leading ratings, an easy-to-use mobile app, and a total of 16 available discounts, including usage-based insurance discount, multi-car discount and more.
Nationwide offers two usage-based insurance programs in addition to 10 other discount opportunities, including a multi-car discount. The company also has add-on coverages and other benefits including accident forgiveness and vanishing discounts. Low average full-coverage rates nationwide of $1,433 per year or $119 per month make the provider a great choice for drivers in 47 states.
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Multi-car insurance policies cover more than one vehicle in a single policy. These policies are available from many providers and often come with some sort of discount. In addition to saving you money, multi-car insurance policies simplify the process of paying your premiums. It is easier to make a single payment than to spread the payments and due dates across multiple vehicles.
There are some potential drawbacks to a multi-car insurance policy. Adding a high-risk driver to your policy can result in a higher total premium. It is also difficult to say how much discount each provider will offer for insuring multiple vehicles. As always, comparing car insurance quotes from multiple providers and asking your insurance agent plenty of questions are smart strategies for finding the best rates.
Generally, 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.
Bodily injury liability insurance and property damage liability coverage are shared, as are medical payment protection (MedPay) and uninsured motorist coverage. Comprehensive coverage and collision coverage can be applied for separately to avail the cheapest multi-car insurance policy. This convenience is a good advantage if you want to insure both a new car and a high-mileage vehicle that you don’t want to protect with full coverage.
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You can include your cohabitants in your multi-car insurance policy. This usually refers to your spouse, children, or other family members, but can also include roommates. It is advisable to add the names of the drivers of your vehicle in case of any accident.
According to our estimates, the average cost of a full-coverage car 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 you would to cover a single vehicle.
Keep in mind that auto coverage rates are determined by many factors. Here are some things providers consider when setting multi-car insurance premiums:
Some of these cost-determining factors are beyond your control. Strategies you can apply to get cheaper car insurance include choosing lower coverage levels or limited coverage limits, choosing a higher deductible and bundling auto insurance with homeowners or renters coverage.
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Getting the lowest rates on car insurance usually involves comparing auto insurance quotes from multiple providers. The process is pretty straightforward for finding the cheapest car insurance rates on more than one vehicle. As you collect various insurance quotes, have the following information handy:
Compare online quotes from different car insurance providers to find out which one can offer you the best rates for covering more than one vehicle.
Many auto insurance companies compete with each other to offer the cheapest multi-car insurance rates. Because of this, you will usually find multi-car discount opportunities. Below are some providers that will lower your per-vehicle cost if you add additional cars to your plan:
This list is not exhaustive, so if you are considering another provider, check with other auto insurance agents in your area. You may also find other car insurance discounts that can override the benefits of a particular insurer’s choice for multi-car coverage.
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If you want to find the cheapest multi-car insurance available, you’ll need to do some comparison shopping. As not all providers offer the same discounts for covering multiple vehicles, you should ask a lot of questions before making a purchase.
Depending on the discount your car insurance company offers, you may save money by insuring multiple vehicles together rather than getting separate policies. Just like shopping for a single-car auto insurance policy, it’s best to compare free quotes from multiple providers to find the lowest rates for multi-car insurance.
According to our cost estimates, Geico offers lower average rates than Progressive for those with a clean driving history. Geico offers full-coverage car insurance at an average cost of $1,596 per year, while a full-coverage policy from Progressive averages $2,030 per year.
A person can definitely insure two vehicles. Multi-car insurance policies allow you to put multiple cars under the same policy with the same provider. Cheap car insurance companies offer multi-vehicle discounts and it is more convenient to have one premium and payment date.
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Multi-car insurance refers to policies that cover more than one vehicle. Generally, these policies apply the same coverage provisions to each vehicle, whether the policy is minimum or full coverage. Multi-car insurance policies get a special discount from several insurance providers.
Our research shows that Country Financial, USAA, Erie Insurance, Geico and Nationwide are the most affordable top-rated insurance providers. Each provider has unique policy options, deductibles and coverage areas.
Discounts for multi-car insurance coverage vary by provider, driver and policy. For an adult driver
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