Best Cheap Multi-Car Insurance (2024)

Common multi-car discount amounts range between 10% and 25%, depending on your insurance company.

Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

Featured in

media logomedia logo
Katie Powers
Edited byKatie Powers
Photo of an Insurify author
Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

Featured in

media logomedia logo

Updated October 30, 2024

Save up to $852 by comparing quotes from the top 100+ insurance companies

Excellent
Secure. Free. Easy-to-use.
ProgressiveLiberty MutualAllstate
Advertiser Disclosure

At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.

We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.

Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.

Cheapest recent rates

Drivers have found policies from Sun Coast, Progressive, Anchor, and more, for rates as low as $34/mo. through Insurify

*Quotes generated for Insurify users within the last 10 days. Last updated on October 30, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from October 30, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users within the last 10 days. Last updated on October 30, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from October 30, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

If you need to insure more than one vehicle, a multi-car policy is likely the cheapest way to do so. Luckily, most car insurance companies offer multi-car policies and provide a discounted rate.

Elephant, GEICO, and State Farm offer some of the best multi-car discounts, according to Insurify research. Elephant policyholders with two or more insured cars can save up to 39% on coverage.

Here’s how to compare quotes and find the best multi-car policy for you.

Quick Facts
  • The average cost for a two-car liability policy is $177 per month.

  • USAA and State Farm are the cheapest insurers for two-car liability insurance policies, with respective averages of $78 and $90 per month.

  • With a multi-car policy, you can have all your policy details for each car in one place.

How multi-vehicle car insurance policies work

Multi-car policies work just like single-car policies: You decide on coverage types and coverage limits for the cars you want to insure. Then, your insurance company will cover damages and injuries for claims for all cars you insure with the policy, up to the policy limits.

To get a quote, you just need to provide:

  • The makes and models of each car on your policy and possibly their vehicle identification numbers (VINs)

  • The types of coverage and coverage limits you need

  • Information for each driver on your policy, including driver’s license numbers and dates of birth

To qualify for a multi-car policy, you need to have your cars registered at the same address. Depending on the insurer, the cars may also need to belong to the same person. Insurers may limit the maximum number of vehicles allowed on a single policy — usually five or fewer. You can insure each of these vehicles at different comprehensive and collision coverage levels, too, but liability limits are usually the same across all vehicles.

Learn More: How Many Cars Can You Have in Your Name?

Learn More: How Many Cars Can You Have in Your Name?

Recent quotes for other Insurify users

Insurify’s drivers have found rates ranging from $53/mo. to $113/mo. in the last few days

*Quotes generated for Insurify users within the last 10 days. Last updated on October 30, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from October 30, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users within the last 10 days. Last updated on October 30, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from October 30, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

Best multi-car insurance

When you’re looking for a new auto policy, it’s always a good idea to compare quotes and coverage options from multiple insurance companies. Learn more about a few of the best insurers for multi-car coverage below.

GEICO: Best for discount options

User Reviews
4.0
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$55/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$121/mo
4.0
Best choiceBased on 10113 verified guest reviews and ratings
How drivers feel about GEICO

Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
How drivers feel about GEICO

Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
Reviews (5,563)

Herman

October 29, 2024

Verified Review

Excellent

For us, it came down to cost and having all of our insurance with the same company, not farmed out.

Greg

October 29, 2024

Verified Review

It's Expensive

It's expensive.

Robert

October 29, 2024

Verified Review

Unpleasant Experience on Cape Cod

My insurance has gone from $37 a month to $82. Stay far away from this company.
See all GEICO reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.74
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company

GEICO offers a sizable multi-vehicle discount of up to 25% for customers who insure two or more vehicles. The company stands out for offering more than 15 auto insurance discounts, including airbag, anti-theft system, good driver, emergency deployment, and multi-policy discounts. GEICO also has affordable average premiums well below the national average cost.

Pros
  • Good rates for good drivers, seniors, and young drivers

  • Accident forgiveness available

Cons
  • High rates for drivers with certain violations, like DUIs

  • No rideshare or new car replacement coverage available

State Farm: Best for cheap coverage

User Reviews
4.2
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$55/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$121/mo
4.2
Best choiceBased on 8831 verified guest reviews and ratings
How drivers feel about State Farm

Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
How drivers feel about State Farm

Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
Reviews (4,847)

Jannie

October 29, 2024

Verified Review

Good

The insurance is higher than other companies' policies.

Marsha

October 29, 2024

Verified Review

Friendly agents!

Check out their prices!

Linda

October 29, 2024

Verified Review

I also have my homeowners insurance with them. I had a fire in my hot water heater and a year later, someone stayed in my house while I was gone for 2 months. I came home to a floating kitchen floor. After these incidents, StateFarm cancelled my policy.

I also have my homeowners insurance with them. I had a fire in my hot water heater and a year later, someone stayed in my house while I was gone for 2 months. I came home to a floating kitchen floor. After these incidents, StateFarm cancelled my policy.
See all State Farm reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.78
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company

Of the companies with multi-car discounts, State Farm offers the cheapest average car insurance premiums. You can earn a multi-car discount of up to 20% for insuring two or more cars with State Farm. The company doesn’t offer as many discounts as some competitors, but it does have standard savings opportunities for good drivers, vehicle safety, driver training, good students, and more.

Pros
  • High rates of customer satisfaction

  • Rideshare insurance available

Cons
  • No gap insurance offering

  • May not be the cheapest choice for drivers with violations

Elephant: Best for biggest multi-car discount

User Reviews
3.6
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.3 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$111/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$195/mo
3.6
A solid optionBased on 107 verified guest reviews and ratings
How drivers feel about Elephant

Drivers appreciate the good service, low initial rates, and responsive claims handling but dislike the frequent and unexplained rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Optional coverages
Good drivers
Numerous discounts
How drivers feel about Elephant

Drivers appreciate the good service, low initial rates, and responsive claims handling but dislike the frequent and unexplained rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Optional coverages
Good drivers
Numerous discounts
Reviews (58)

Donald

October 21, 2024

Verified Review

Good company, but got more expensive over time

They have a great website and provide quick answers. Their customer service is good. However, there isn't much flexibility in coverage. Over time, it became too expensive, especially considering I had no claims.

Denise

October 5, 2024

Verified Purchase

The customer service representatives were professional.

Elephant Insurance is an affordable company.

Ajay

October 1, 2024

Verified Review

Good Insurance Company

Great.
See all Elephant reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
NR
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.77
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
NR
Why we picked this company

Elephant has the biggest multi-car discount, up to 39%, based on Insurify research. The company advertises that policyholders can save up to 40% from discounts total. Some savings offerings from Elephant include multi-car, early bird, multi-policy, claims-free, student, and pay-in-full discounts.

  • Our editorial team spent 350 hours developing the IQ (Insurify Quality) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. Criteria are weighted by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 5 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. We update ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: We use data from AM Best, S&P, Moody's, and more to compare insurance companies’ credit and ability to pay out future claims

    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also considered third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.

    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the United States, as well as available discounts, to calculate an affordability score.

    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.

    • Availability and reach: Insurify identified the number of states in which insurers offer coverage and company size by market share to score availability and reach.

Find Cheap Car Insurance

Insurify partners with 100+ insurers for real quotes

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualAllstate

Cheapest car insurance companies for drivers with multiple vehicles

USAA has the cheapest average liability-only premium for two-car policies, at $78 per month, but the company only sells coverage to eligible military members and their families. State Farm has the cheapest average premium for coverage available to all drivers, with an average monthly premium of $90.

Compare average liability quotes for two-car policies below.

Insurance Company
Average Monthly Quote: Liability Only
USAA$78
State Farm$90
GEICO$92
Allstate$105
Progressive$139
American Family$131
Nationwide$143
Travelers$151
Liberty Mutual$162
Farmers$185
The General$197
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Check Out: The 10 Best Car Insurance Companies

Check Out: The 10 Best Car Insurance Companies

Multi-car insurance discounts by company

The easiest way to save money while insuring more than one vehicle is by using a multi-car or multi-vehicle discount. Keep in mind that some companies don’t offer a multi-car discount, so review the policies of various insurance companies before purchasing a policy.

In the table below, you’ll find discounts for purchasing a multi-vehicle policy from various top insurance companies.

Insurance Company
Discount
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
ElephantUp to 46%8.3
InfinityUp to 38%N/A
AmicaUp to 25%8.3
Direct AutoUp to 25%7.3
GEICOUp to 25%9.0
State FarmUp to 20%9.3
ProgressiveAverage of 12%8.4
ForemostNot specified7.4
Liberty MutualNot specified7.7
NationwideNot specified8.7
The GeneralNot specified7.3
TravelersNot specified9.0
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Other discounts to take advantage of

Remember that you’ll also have access to discounts beyond the multi-car discount. You should try to get all the discounts you qualify for — the more discounts you get, the less you’ll pay for coverage.[1] Here are a few to look out for:

  • car in carage

    Multi-policy (bundling)

    If you purchase another policy — like homeowners, renters, umbrella, or life insurance — with your auto insurance, your insurer will likely apply a discount for both.

  • illustration card https://a.storyblok.com/f/162273/150x150/834da573df/car-and-driving-96x96-orange_023-driving-test.svg

    Good driver

    Drivers with no at-fault accidents or moving violations in the past three to five years typically get a good driver discount to lower their premiums.

  • illustration card https://a.storyblok.com/f/162273/100x100/c323e327d0/expired-lisence.svg

    Defensive driving course

    Some insurers apply discounts for drivers who complete an approved driver education course.

  • illustration card https://a.storyblok.com/f/162273/100x100/24f1697280/car-key.svg

    New car

    Not many insurers offer discounts for people who drive new cars, but you may be eligible for a new-car discount if you’re the vehicle’s first owner and it’s a newer model year. The requirements vary by insurer, so it’s a good idea to call an agent and ask about the details.

  • illustration card https://a.storyblok.com/f/162273/150x150/c09380c3c0/car-dashboard-96x96-orange_045-airbag.svg

    Car safety features

    If your vehicle has standard safety features, like anti-lock brakes, airbags, and daytime running lights, you could qualify for a discount.

  • illustration card https://a.storyblok.com/f/162273/100x100/6629dc84bb/remote-work-desk.svg

    Students

    Many insurers offer students and young drivers a discount on their car insurance policy if they earn good grades and submit their transcripts to the company. College students may also be eligible for a student-away-at-school discount if they attend a college thats a certain number of miles away from home.

  • illustration card https://a.storyblok.com/f/162273/x/fc58ba8be2/robber.svg

    Anti-theft devices

    Car theft deterrents include automatically locking doors, steering wheel locks, brake locks, and after-market kill switches. These types of devices for your car can reduce your insurance premiums.[2]

  • illustration card https://a.storyblok.com/f/162273/x/d980bd9cc4/membership.svg

    Military, employer, or affiliation

    If you’re in the military, work as a teacher, or are an alumnus of eligible universities, you may be able to get car insurance discounts with certain insurers.

Benefits of insuring multiple vehicles on one policy

When you have several cars to insure, it’s almost always worth buying a multi-car policy. They usually offer the lowest cost while also making it easier for you to manage your policy.

  • One payment: Multi-car insurance allows you to manage all your different policies in just one place, simplifying the process.

  • Shared deductible: If a single accident damages more than one of your cars, you’ll only have to pay one deductible, saving you time and money.

  • Insurance stacking: Some states allow drivers to stack uninsured and underinsured motorist coverage limits in the event of a claim. If you have uninsured motorist limits of $50,000 per person and $150,000 per accident on two vehicles, you can stack those limits to double the amounts to $100,000 per person and $300,000 per accident.

  • Significant discount: Multi-car discounts are one of the best car insurance discounts available, with some companies providing up to 39% off your total policy cost. Some companies might call this discount a loyalty discount.

Read More: Cheapest Car Insurance Companies with Affordable Rates

Read More: Cheapest Car Insurance Companies with Affordable Rates

When you shouldn’t insure multiple vehicles on one policy

While taking advantage of a multi-car policy almost always saves you money over time, it may not make sense for every household to insure multiple vehicles on one policy. Here’s when you may consider insuring your vehicles under different policies:

  • You have a classic or vintage car. If one of your cars is a hot rod, antique, or classic vehicle, you may need a completely separate policy to insure it. Classic car coverage may have different requirements, such as where to store it, how often you can drive it, and an agreed-upon value, that your current insurance company can’t meet.[3] You may want to buy an auto policy from a company that specializes in insuring classic cars in this case.

  • Someone in your household has a poor driving record. Insurance companies consider the vehicle’s primary driver’s record when setting premiums. If another driver in your household has a poor driving record, their past mistakes on the road can increase your rates. In this case, you can purchase two separate auto policies to keep your rates low.

  • Your child doesn’t live with you anymore. You typically have to register cars at the same address to insure them under the same policy. When your child is at school, they can stay on your auto policy as long as their primary address is your address. But after graduation and moving into their own place, your child needs their own auto insurance policy.

Multi-car insurance coverage types

When you buy multi-car insurance, you can customize coverages for each car on the policy. Here are the coverage options auto insurers typically offer:

  • illustration card https://a.storyblok.com/f/162273/x/169fdfde11/liability-coverage.svg

    Liability

    This covers damages and injuries you cause to other parties in an accident, up to the policy limits. Most states require every driver to purchase liability insurance to legally drive.

  • illustration card https://a.storyblok.com/f/162273/x/665da91bf7/comprehensive-coverage.svg

    Comprehensive

    Usually part of a full-coverage policy, comprehensive insurance provides coverage for vehicle damages in non-collision events. This coverage includes damages from severe weather, falling objects, theft, and vandalism.

  • illustration card https://a.storyblok.com/f/162273/x/db598219e3/damage-from-aircraft.svg

    Collision

    While liability insurance covers damages and injuries to other parties in an accident you cause, collision covers your own vehicle’s damages from an accident, no matter who caused it. This also includes single-car accidents and hitting stationary objects, such as a tree, fence, or light pole. Collision also covers rollover accidents.

  • illustration card https://a.storyblok.com/f/162273/x/5285c4cd74/uninsured-or-underinsured-motorist-coverage.svg

    Uninsured/underinsured motorist

    Some states require this coverage, and it kicks in when someone without insurance — or without enough insurance to pay for damages and injuries — causes an accident. UM/UIM coverage can also pay in case of a hit-and-run, or pedestrian accidents.

  • illustration card https://a.storyblok.com/f/162273/x/f2ca9fa443/protection-for-passengers.svg

    Personal injury protection (PIP)

    Also a requirement in no-fault states, PIP provides coverage for your passengers’ injuries and lost wages after an accident, regardless of who caused it.

  • illustration card https://a.storyblok.com/f/162273/x/4c9753bdbe/medical-payments.svg

    Medical payments (MedPay)

    Another insurance requirement in some states, MedPay is similar to PIP in that it provides coverage for your and your passengers’ injuries after an accident, even if you caused it.

Find Car Insurance

Check quotes from top insurers instantly

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualAllstate

Factors that affect the cost of multi-car insurance

The national average cost for a two-car policy is $177 per month for liability coverage and $362 for full coverage, according to Insurify’s proprietary data. But the exact rate you’ll pay depends on a number of factors, including:[4]

  • Where you live: Areas with heavy traffic typically have higher insurance rates.

  • The cars you drive: Newer or more expensive cars usually cost more to insure.

  • The types of coverage you carry: Liability coverage (bodily injury and property damage), collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and personal injury protection (PIP) are among the most common types.

  • Your coverage limits: The higher your coverage limits, the more you’ll pay.

  • The number of drivers on your policy: The more people you insure, the more expensive your policy.

  • Driving history: Drivers with clean driving records typically pay less than people with at-fault accidents, speeding tickets, or DUIs.

  • Your credit score: Drivers with good credit usually pay less than drivers with bad credit.

Car insurance for multiple vehicles FAQs

If you’re shopping for a multi-vehicle insurance policy, this additional information may help as you’re researching different companies.

  • How many cars can you cover on one auto insurance policy?

    Most auto insurance companies have a limit of five cars per policy, meaning you can insure up to five vehicles on a single multi-car policy. But every insurance company has its own rules and policies. Some allow more vehicles per policy, and some allow fewer.

  • What’s the best car insurance company for insuring multiple vehicles?

    Based on the specific discount, Elephant is the best car insurance company for insuring multiple vehicles. You can save up to 39% on coverage with Elephant. That said, companies with higher IQ Scores that have good multi-car discounts include GEICO and State Farm. Drivers can save up to 25% with GEICO and up to 20% with State Farm.

  • Can vehicles have different insurance coverage options?

    Not if they’re on the same policy. Generally, liability and other state-mandated coverages have to be the same across all vehicles on one policy. But you can have different comprehensive and collision coverage options for the different vehicles on your policy.

  • Is it cheaper to insure multiple cars?

    In most cases, yes. It’s often cheaper to insure multiple vehicles under one policy since many insurance companies offer a multi-car discount. For example, the average cost of liability-only insurance in the U.S. is $170 per month, so insuring two cars with separate policies at this rate would be $340 per month. But with a 25% multi-car discount, the rate for insuring two cars drops to $255 per month, saving drivers around $1,020 annually.

Sources

  1. Insurance Information Institute. "Nine ways to lower your auto insurance costs."
  2. Arizona Department of Insurance and Financial Institutions. "Theft Prevention."
  3. Insurance Information Institute. "Insuring your classic car."
  4. Insurance Information Institute. "What determines the price of an auto insurance policy?."
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto

Courtney Mikulski is a Senior Editor at Insurify with more than three years editing and producing personal finance content. She's experienced with insurance, credit cards, consumer lending, and banking products. Courtney works to provide easy-to-understand and actionable advice to readers looking for their next insurance provider. Her previous work with Bankrate, Reviews.com, and The Simple Dollar, helped readers make smarter financial decisions. When Courtney isn't working, you can find her hanging out with her cat or on a bike ride with her husband. She earned a bachelor's degree in journalism at Ohio University in Athens, Ohio. 

Katie Powers
Edited byKatie PowersAuto and Life Insurance Editor
Photo of an Insurify author
Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

Featured in

media logomedia logo

Compare Car Insurance Quotes Instantly

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualAllstate

Latest Articles

View all