Best Car Insurance For Multiple Cars

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Learn more about what multi-car insurance is, how you can save money with it, and some of the cheapest providers for multi-vehicle policies.

Best Car Insurance For Multiple Cars

Written by Daniel Robinson, Written by: By Daniel Robinson Author Daniel is a Group Writer for Guides and has written on auto finance and car care topics for a number of automotive news sites and marketing organizations in the US, UK and Australia. Daniel is a Guide Group authority on auto insurance, loans, warranty options, car services and more.

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Edited by: Rashawn Michner Editing by: Rashawn Michner Managing Editor Rashawn 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 car coverage more convenient and cost-effective. We at The Guide team have researched the coverage options for multiple car policies and highlight some of the market’s best car insurance companies. We help you find the cheapest multi-car insurance policies that meet your unique needs.

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The Guide Team is committed to providing you with reliable information to help you make the best decision about insuring your vehicle. Because consumers trust us to provide objective and accurate information, we’ve created a comprehensive rating system to rank the best auto insurance companies. We’ve collected data from dozens of auto insurance providers to rank the companies on a variety of rating factors. After 800 hours of research, the final result was an overall ranking for each carrier, with insurers with the most points at the top of the list.

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For drivers looking for multi-car insurance discounts, we recommend Country Financial, USAA, Erie Insurance, Geco and Nationwide. These providers offer some of the lowest average policy rates for mini and full coverage auto insurance, as well as several discounts, saving you money on multiple vehicle insurance.

The prices below are for a 35 year old married driver with a clean driving record and good credit. Drivers in good standing may qualify for lower rates for multi-vehicle insurance coverage. Discount rates vary by insurance company and policy. Ask about multi-vehicle discounts when you get quotes from the top-rated auto insurance companies below.

Country Financial offers some of the most affordable monthly car insurance rates for many different driver profiles, especially high-risk drivers. The company’s average low coverage price of $356 per year or $30 per month makes it a budget-friendly choice. This doesn’t even count Country Finance’s multi-car discount, which is one of the 13 offers.

Country Financial currently operates in 19 states and offers insurance products including usage-based insurance, collision and comprehensive coverage, and more.

Ways To Get The Cheapest Car Insurance Rates

USAA is known nationwide for offering low rates to military members and their families. The company’s low-coverage rates are competitive, but the full coverage rate of $1,512 a year or $126 monthly means drivers looking for that level of coverage can find better deals elsewhere. However, qualified customers can take advantage of the company’s multi-car discount as well as 13 other discount options.

Erie Insurance’s low minimum coverage of $390 per year or $33 per month makes it an affordable choice for drivers in 12 states and Washington, DC. Although the company has a limited range of services, nine discount opportunities include excellent industry standards, high customer satisfaction scores and overall multi-vehicle discounts.

Geico offers minimum coverage in the 50 states for an average of $461, or $38 per month. The company has superior industry ratings, an easy-to-use mobile app and 16 offers including usage-based insurance discounts, multi-car discounts and more.

It offers two usage-based insurance programs in addition to 10 other discount opportunities, including a nationwide multi-car discount. The company boasts additional coverage and other benefits, including accident waivers and elimination of deductibles. A nationally low average full coverage price of $1,433 per year or $119 per month makes the provider a great choice for drivers in 47 states.

What Are The Cheapest Cars To Insure In 2023

Multi-car insurance policies cover more than one vehicle in a single policy. These guides are available from most suppliers and often come with a discount. Along with saving you money, multi-car insurance policies simplify the process of paying your premiums. It is much easier to make one payment than to spread payments and payment dates across multiple vehicles.

There are some potential pitfalls of a multi-car insurance policy. If a high-risk rider is added to your policy, it can result in higher overall premiums. It can also be difficult to say exactly how much discount each provider will offer for multi-vehicle insurance. As always, comparing auto insurance quotes from multiple providers and asking your insurance agent lots of questions are smart strategies for getting the best price.

Generally, a multi-car insurance policy works the same way as a single car policy. One key difference is how the types of coverage are shared between vehicles in a multi-car plan.

They share bodily injury liability insurance and property damage liability coverage, as well as medical payment protection (MedPay) and uninsured motorist coverage. Comprehensive coverage and collision coverage can be applied for separately to get the cheapest multi-car insurance policy. This flexibility is a great advantage if you want to ensure that you don’t need to protect it with full coverage for both new cars and high mileage vehicles.

Compare Auto Insurance Quotes (from $31/mo)

You can add anyone who lives with you to your multi-car insurance policy. This typically means your spouse, children, or other family members, but can also include roommates. It’s a good idea to include the name of anyone driving your vehicle in case 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 discounts for adding multiple vehicles to one policy, you can expect to pay more in total than you would to cover one vehicle.

Keep in mind that auto coverage rates are determined by many factors. Here are a few things providers should consider when setting multi-car insurance premiums:

Some of these cost-saving factors are beyond your control. Strategies you can apply to get cheaper auto insurance include choosing lower levels of coverage or limited coverage limits, higher deductibles, and choosing auto insurance with homeowners or renters coverage.

Best Cheap Car Insurance Companies Of 2023

Finding the lowest price on car insurance is often a matter of comparing car insurance rates from multiple providers. The process is pretty much the same for finding the cheapest car insurance rates on more than one vehicle. Use the following information when collecting various insurance quotes:

Be sure to compare online quotes from different auto insurance providers to determine which ones can offer you the best rates for covering more than one vehicle.

Most car insurers compete with each other to offer the cheapest multi-car insurance rates. As a result, you will get more opportunities for multi-car discounts. Below are a few providers that will reduce your vehicle speed if you add more cars to your plan.

This list is not exhaustive, so if you are considering another provider, be sure to check with other auto insurance agents in your area. You may also find other auto insurance discounts that outweigh the benefits of choosing a specific insurer for multiple car coverage.

Can You Have Two Auto Insurance Policies On One Car?

If you want to find the cheapest multi-car insurance, you need to do some comparison shopping. Not all providers offer the same discounts for covering multiple vehicles, so you’ll want to ask several questions before making a purchase.

Depending on the discount your car insurance company offers, you can save money by insuring multiple vehicles together instead of getting separate policies. Just like when shopping for auto insurance policies for one car, it’s a good idea to compare free quotes from multiple providers to find the lowest rates for multi-car insurance.

Based on our cost estimates, Geco offers lower average rates than Progressive for those with a clean driving record. Geico offers full coverage auto insurance for $1,596 per year, while a full coverage policy from Progressive averages $2,030 per year.

A person can fully insure two vehicles. Multi-car insurance policies allow you to put multiple cars on one policy with the same provider. The cheapest car insurance companies offer multi-vehicle discounts, and it is more convenient to get one premium and payment date.

Cheapest Car Insurance Companies (november 2023)

Multi-car insurance refers to policies that cover more than one vehicle. Generally, these policies apply the same coverage terms to each vehicle, whether the policy is limited or full coverage. Multi-car insurance policies get special discounts from many insurance providers.

Our research shows that the top rated insurance providers for the most affordable rates are Country Financial, USAA, Erie Insurance, GECO and Nationwide. Each provider has unique policy options, discounts and coverage areas.

Multi-car insurance coverage discounts vary by provider, driver and policy. For an adult driver