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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 multiple vehicle policies
Quotes For Full Coverage Insurance
Written by: Daniel Robinson, Written by: Daniel Robinson Writer Daniel is a Guides team writer and has written for numerous automotive news sites and marketing businesses in the US, UK and , specializing in car finance and car care topics. Daniel is a Guides team authority on auto insurance, loans, warranty options, auto services and more.
Auto Insurance Guide
Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Managing Editor Rashawn Mitchner 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 the Guides team have explored the coverage options for multi-car policies and highlighted some of the best auto insurance companies on the market. We’ll also help you find the cheapest multi-car insurance policies that fit your unique needs.
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The Guides Team is committed to providing reliable information to help you make the best possible decision to insure your vehicle. Because consumers rely on us to provide objective and accurate information, we have created a comprehensive rating system to formulate our ranking of the best car insurance companies. We collected data on dozens of auto insurance providers to rank the companies on a wide range of ranking factors. After 800 hours of research, the final result was an overall rating for each provider, with the insurers that scored the most 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 both minimum and comprehensive car insurance, as well as numerous discounts, including savings for insuring multiple vehicles.
The rates provided below are for a 35 year old married driver with a clean driving record and good credit. Drivers in good standing can 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 auto insurance companies below.
Country Financial offers some of the most affordable monthly car insurance payments for many different driver profiles, especially high-risk drivers. The average price of the company’s minimum coverage of $356 per year or $30 monthly makes it a budget-friendly choice. This is 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.
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USAA is known for providing low rates to military members and their families across the country. The company’s minimum coverage rates are competitive, but its comprehensive coverage rates of $1,512 per year or $126 monthly mean drivers looking for that level of coverage can find better value elsewhere. However, well-qualified customers can take advantage of the company’s multi-car discount and 13 other discount options.
Erie Insurance’s 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 boasts excellent industry ratings, high customer satisfaction scores and a total. of nine discount opportunities that include a multi-vehicle discount.
Geico offers affordable minimum coverage in 50 states at an average rate of $461 per year or $38 per month. The company has outstanding industry ratings, an easy-to-use mobile app and a total of 16 discounts available, including a 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 boasts additional coverage and other benefits, including accident forgiveness and missing deductibles. Nationwide’s low average full coverage rates of $1,433 per year or $119 per month make the provider a great choice for drivers in 47 states.
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Multiple car insurance policies cover more than one vehicle in a single policy. These policies are available from most providers and often come with some type of discount. In addition to saving money, multi-car insurance policies can simplify the process of paying your premiums. It is much easier to make a single payment rather than spreading payments and due dates across multiple vehicles.
There are some potential disadvantages to a multi-car insurance policy. If a high-risk driver is added to your policy, it could result in a higher overall premium. It can also be difficult to tell exactly how much discount each provider offers for insuring multiple vehicles. As always, comparing auto insurance quotes from multiple providers and asking your insurance agent several questions are smart strategies for finding the best rates.
In general, a multi-car insurance policy works the same way as a single-car policy. A key difference is how the types of coverage are shared between the vehicles on a multi-car plan.
Bodily 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 receive the cheapest multi-car insurance policy. This flexibility is a great benefit if you want to insure a new car and a higher mileage vehicle that you don’t want to protect with full coverage.
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You can add someone you live with 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 add the names of anyone who could be driving your vehicle in the event of an at-fault accident.
According to our estimates, the average cost of a comprehensive 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 overall than you would for covering a single vehicle.
Keep in mind that auto coverage rates are determined by a lot of factors. Here are a few things providers consider when setting multi-car insurance premiums:
Some of these cost decision factors are ones you cannot control. Strategies you can apply to get cheap auto insurance include choosing lower coverage levels or limited coverage limits, opting for a higher deductible and bundling auto insurance with homeowners or renters.
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Getting lower rates on auto insurance is usually a matter of comparing auto insurance quotes from multiple providers. The process is almost the same to find the cheapest car insurance prices on more than one vehicle. As you gather different insurance quotes, you have the following information:
Be sure to compare online quotes from different car insurance providers to determine which ones might offer the best rates for covering more than one vehicle.
Most auto insurers compete with each other to offer the lowest multi-car insurance rates. Therefore, you will commonly find multi-car discount opportunities. Below are a few providers that will reduce your rate per vehicle if you add extra cars to your plan:
This list is not exhaustive, so be sure to check with other auto insurance agents in your area if you are considering another provider. You may also find other auto insurance discounts that could outweigh the benefits of a certain insurer’s option for multi-car coverage.
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If you want to find the cheapest multi-car insurance available, you need to do some comparison shopping. Since not all providers offer the same discounts for covering multiple vehicles, you’ll want to ask several questions before making a purchase.
Depending on the discount offered by your auto insurance company, you can save money by insuring multiple vehicles together instead of getting separate policies. As with purchasing a single car insurance policy, it is best to compare free quotes from several 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 record. Geico offers comprehensive auto insurance at an average cost of $1,596 per year, while a comprehensive coverage policy from Progressive averages $2,030 per year.
A person can insure absolutely two vehicles. Multiple car insurance policies allow you to put multiple cars on a single policy with the same provider. The cheapest car insurance companies offer multi-vehicle discounts, and it is more convenient to have a premium and a 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 terms to each vehicle, whether the policy is minimum or full coverage. Multi-car insurance policies receive a special discount from many insurance providers.
Our research shows that the cheapest insurance providers are Country Financial, USAA, Erie Insurance, Geico and Nationwide. Each provider has unique policy options, discounts and coverage areas.
Discounts for multi-car insurance coverage vary by provider, driver and policy. For an adult driver
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