Top Auto Insurance Provider for Owners of Multiple Cars [2024]
Finding the best auto insurance companies for multiple cars is crucial if you have multiple vehicles in your household. The best car insurance depends on your unique situation, including the vehicles, the drivers on the policy, and which discounts you’re eligible for. While there are a few times when having multiple cars on your policy isn’t the best option, taking advantage of a multi-car discount can save you money.
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Diego Anderson
Licensed Real Estate Agent
Diego Anderson is a Real Estate Agent based in the Bay Area of California. Having received his Real Estate License at the age of 18, he wasted no time learning the ins and outs of the industry. With a focus on residential dual agency, he has a passion for supporting and educating families on their home buying and selling decisions. He is no stranger to new builds and new developments. He also r...
Licensed Real Estate Agent
UPDATED: Feb 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Feb 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Most car insurance companies offer some form of multi-car discount ranging from 8% to 25% off your rates
- You can typically include vehicles in your household with drivers that are related to you
- While every company is different, the typical number of cars you can include on a single policy is four
- Insurance companies offer other discounts, giving you more chances to save money
The price of everything seems to be going up faster and faster, and that includes the cost of the best auto insurance companies for multiple cars. Discounts can save you a lot of money, and one of the most accessible discounts to claim is multi-car.
A multi-car discount is relatively straightforward: If you have more than one car on your policy and your insurance company offers the discount, you’ll be eligible. Of course, there are restrictions, but most companies offer a multi-car discount.
However, the best auto insurance for multiple cars can take a little work to find. Just because you have an affordable rate for a single car doesn’t mean you won’t find better quotes from a different company when you’re ready to add another vehicle.
If you’re looking for the best auto insurance companies for multiple cars, it’s essential to shop around for quotes. If you’re ready to see what quotes might look like for you, enter your ZIP code into our free tool today.
Best Auto Insurance Companies for Multiple Cars
The average American household has 1.9 vehicles, meaning the average family has around two cars. Naturally, single adults typically have one car, while houses with two or three drivers have a matching car count.
As a side note, when the driver count gets higher, say seven or eight drivers, the vehicle count stays around three, as people often share.
That’s a lot of Americans that could benefit from a multi-car discount. So, what are the 10 best insurance companies for a multi-car discount?
To start, look at how much you can save from the top insurance companies with a multi-car discount.
Company Discount
USAA 10%
Geico 25%
Allstate 10%-25%
State Farm 25%
Nationwide 10%
Travelers 8%
Progressive 10%
Liberty Mutual 15%-20%
Farmers 10%
American Family 15%
Read more: Liberty Mutual vs. USAA Auto Insurance
With the potential to earn a whopping 25% off your monthly bill, Geico, Allstate, and State Farm are clear front-runners when it comes to a multi-car discount. However, discounts from other companies can’t be ignored, especially since rates with them might start lower.
You can get a better idea of which company might work best for you by looking at how much the average American pays for multi-car insurance.
Company Average Monthly Price
Geico $108.50
State Farm $327.67
Allstate $189.50
Progressive $124.34
Liberty Mutual $146.50
Of course, these prices are just a sample and might not reflect what your quotes will look like. Insurance companies consider many factors, such as your age, gender, location, and driving history.
Aside from a multi-car discount, most companies allow you to take advantage of other deals to save even more money.
What other discounts do insurance companies offer?
Car insurance companies recognize that the market is competitive. If they want you as a customer, they need to offer you competitive rates.
One way companies do that is with a list of discounts you might be eligible for. The most common discounts are:
- Multi-car
- Safe driver
- Policy bundling
- Defensive driving class
- Anti-theft device
- Good student
- Low mileage
While these are the most common, there are a lot of unique options out there. If you’re curious about what your insurance company offers, you can check with your agent.
Multi-Car Safe Driving Policy Bundling Defensive Driving Class Anti-Theft Device Good Student Low Mileage
Geico Yes Yes Yes Yes Yes Yes Yes
State Farm Yes Yes Yes Yes Yes Yes Yes
Allstate Yes Yes Yes Yes Yes Yes Yes
Farmers Yes Yes Yes Yes Yes (not in all states) Yes No
Progressive Yes Yes Yes Yes Yes Yes Yes
Nationwide Yes Yes Yes Yes Yes Yes Yes
Travelers Yes Yes Yes Yes Yes Yes Yes
Liberty Mutual Yes Yes Yes No Yes Yes
Finding the right insurance company for you when you take into account discounts might feel overwhelming. For example, the best insurance company for home and auto probably won’t be the best for a student driver.
There are a lot of discounts out there. For example, some companies offer senior citizen or military discounts — Liberty Mutual even offers a discount if you sign up for a new policy before your current coverage ends.
Knowing where to find the best company for you can be difficult, which is why so many insurance experts believe you should shop around for quotes.
When you’re trying to save money, the key is to find the right insurance company for your unique situation.
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How does multi-car insurance work?
When you’re eligible for a multi-car discount, the discount will apply to whatever type of insurance you want to buy (liability, collision, or comprehensive, for instance).
There are other benefits to a multi-car policy beyond a discount. For example:
- Coverage stacking – Most state laws allow you to stack the coverage on your vehicles. For example, if you have two policies for $60,000 in liability coverage, you can combine that for $120,000 if you’re in an accident.
- Payment management – When every driver in your home is on the same policy, you don’t have to worry about remembering your payment or renewal dates.
- Single deductible – When two or more cars on the same policy are damaged at the same time, you only have to pay your deductible once. If your vehicles were on separate policies, you’d have to pay a deductible on each one.
When you have a multi-car policy, the cars have shared coverage for liability, personal injury protection, underinsured/uninsured motorist, and rental protection.
However, you can buy add-ons for individual cars on your policy, including comprehensive, roadside assistance, and collision. You can also buy other add-ons unique to your insurance company, such as rideshare coverage.
It is crucial to keep in mind that insurance follows the car, not the driver. That means if your personal vehicle has comprehensive, you and anyone else on your policy that drives your vehicle will have that coverage. You won’t have comprehensive coverage if you drive another car on your policy that only has liability.
Is it better to have a multi-car policy or separate policies?
While a multi-car policy can save you money, there are times when having a separate policy might be best.
For example, if the second vehicle belongs to someone with a bad driving history, it might be best to get individual policies. Accidents, speeding tickets, and other infractions can raise your rates if you share a policy with someone else.
You should also comparison shop for individual policies and multi-car plans if one driver has a luxury or classic car. High-end cars have higher rates than regular cars, which can also raise the total price of insurance.
Read more: Best Auto Insurance for Luxury Cars
Who can be on the same policy?
While every company has its own rules, you typically have to be closely related.
For example, many insurance companies allow you to have multiple cars on your policy but will only apply a discount if you are married. You can also get a multi-car discount when your children get their licenses and first cars.
As for college students, they can usually stay on your policy even if they attend school out of state, as long as their primary residence remains your home.
If your child leaves for college, make sure to inform your insurance company, as this could affect your rates and the discounts you are eligible for.
How many cars can you have on your policy?
Again, the number of vehicles you can have on your policy depends on the insurance company. However, the standard number is four cars.
Company Number of Cars
Geico 9
Allstate 4
State Farm 4
Travelers 4
Nationwide 4
Progressive 8
Farmers 5
American Family and USAA car insurance don’t provide the exact number of cars you can have on your policy, but it’s most likely four. If you want to know how many cars you can have on a policy, the best thing to do is ask your insurance agent.
Read more: American Family Auto Insurance Review
Can you insure cars and motorcycles on the same policy?
While motorcycles need insurance just the same as cars, they don’t count towards a multi-car policy.
This is because motorcycles require a separate policy. Motorcycle insurance works similarly to regular car insurance — you can get liability, collision, and even comprehensive.
However, motorcycle insurance usually costs more because motorcycle drivers have a higher chance of being involved in an accident.
You’ll probably be eligible for a discount if you have auto and motorcycle insurance with the same company. Many companies offer up to a 20% discount for bundling policies.
How to Get a Multi-Car Policy
The process is relatively easy when you’re ready to find quotes from the best auto insurance companies for multiple cars.
If you need a new policy for every car you own, you should shop for quotes and pay close attention to what the top 10 auto insurance companies in the U.S. can offer. In fact, you should always shop around for the best car insurance, according to Consumer Reports.
While most companies have streamlined the process of opening a multi-car policy or adding a vehicle to your plan, you’ll still need some information. Getting a multi-car policy will go faster if you have this information ready:
- The name of the person who drives each vehicle the most
- VINs for every car
- The driver’s license and Social Security number for every driver
- An estimation of how many miles each car is driven, either weekly or yearly
Of course, you should also have the make, model, and year of each car you want to add.
Read more: Cheapest Auto Insurance by Vehicle: What car has the cheapest Auto Insurance?
If you already have a policy and want to add a vehicle to it, you can simply call your agent. It should take only a few moments on the phone to get a new car added to your policy.
However, you should shop around even if you have an existing policy. You might be able to find better rates.
Find the Best Auto Insurance Companies for Multiple Cars
If you’re adding a new vehicle to your household, you can potentially save money on your insurance by taking advantage of a multi-car discount. Most companies offer a multi-car discount — from Allstate to Geico to State Farm, car insurance for multiple cars can be affordable.
If you want to find rates from the best auto insurance companies for multiple cars, you should shop around. Enter your ZIP code into our free tool today to get started.
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Frequently Asked Questions
What is a multi-car discount?
A multi-car discount is a discount offered by insurance companies when you have more than one car on your policy. It can help you save money on your auto insurance premiums.
How do I qualify for a multi-car discount?
To qualify for a multi-car discount, you need to have more than one car on your policy, and your insurance company must offer the discount. There may be certain restrictions and eligibility criteria, so it’s best to check with your insurance provider.
What are the best auto insurance companies for multiple cars?
The top insurance companies for a multi-car discount include Geico, Allstate, and State Farm, which offer significant savings. However, it’s important to compare quotes from different companies to find the best rates for your specific situation.
What other discounts do insurance companies offer?
In addition to multi-car discounts, insurance companies offer various other discounts such as safe driver discounts, good student discounts, bundling discounts, and more. Each company may have its own unique discounts, so it’s worth checking with your agent.
Is it better to have a multi-car policy or separate policies?
While a multi-car policy can save you money, there are situations where separate policies may be better. If one driver has a poor driving history or if one of the vehicles is a luxury or classic car with higher rates, individual policies may be more suitable.
Compare Insurance Providers Rates to Save Up to 75%
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Diego Anderson
Licensed Real Estate Agent
Diego Anderson is a Real Estate Agent based in the Bay Area of California. Having received his Real Estate License at the age of 18, he wasted no time learning the ins and outs of the industry. With a focus on residential dual agency, he has a passion for supporting and educating families on their home buying and selling decisions. He is no stranger to new builds and new developments. He also r...
Licensed Real Estate Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.