8 Best Auto Insurance Companies for Multi-Vehicle Households (2023)

Geico is our top pick for multi-vehicle discounts and national availability. It offers the lowest rates to drivers with multiple vehicles.

Geico and Elephant are the best auto insurance companies for multi-vehicle households with the biggest discounts. Elephant stacks its discount with each vehicle, adding up to 46% off annual rates.

The best companies for multi-vehicle auto insurance discounts make it easy to add and remove cars from a policy. Nationwide simplifies this for families with multiple vehicles and drivers through its Family Plan. Every time a vehicle is added to a family policy, the discount increases.

You might notice that some national companies did not make our list, and that’s due to having multi-car discounts of less than 10%. Further, companies that don’t publish discount amounts make it hard to rank. We look for transparency in rates and discounts, which helps consumers know what to expect from quote comparisons and budget appropriately.

#1 – Geico: Best Auto Insurance Company For Multiple Vehicles

Pros:

• Big savings: 25% multi-vehicle discount
• Student discounts: Biggest discount for students away at college at 20%
• New car discounts: Add a new vehicle to your policy and save 15%
• Low rates: Cheapest multi-vehicle rates to good drivers
• National availability: Coverage in all 50 states

Cons:

• Expensive high-risk coverage: Higher rates for drivers with tickets or bad credit than other companies
• No gap insurance: Does not offer gap coverage for auto loans or leases

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#2 – Elephant: Biggest Multi-Vehicle Auto Insurance Discount

Pros:

• Biggest savings: 46% multi-vehicle discount
• Free perks: Up to $1,000 in custom parts coverage, guaranteed repairs, and accident forgiveness after three years without claims
• Unique add-ons: Legal coverage pays legal fees for a minor violation
• Diminishing deductible: Deductible does not reset after an accident or claim and continues to diminish after one year

Cons:

• Not in every state: Only available in eight states: GA, IL, IN, MD, OH, TN, TX, VA
• High number of complaints: Receives more customer complaints than other providers its size

#3 – Nationwide: Best For Families With Multiple Vehicles

Pros:

• Big savings: 20% multi-vehicle discount
• Wide availability: Coverage in 47 states
• Low rates: Affordable auto insurance for teens and young drivers

Cons:

• Poor customer service: Below-average in customer service and claims satisfaction
• Expensive high-risk coverage: Higher rates for drivers with tickets and accidents than other companies

#4 – State Farm: Best For Customer Satisfaction

Pros:

• Big savings: 20% multi-vehicle discount
• Wide availability: Available in 48 states
• High claims satisfaction: Top five in J.D. Power Claims Satisfaction Survey
• High customer satisfaction: Best for customer service in Florida and Southwest U.S.
• Best usage-based insurance: Top three in UBI customer satisfaction

Cons:

• Not in every state: Not writing new policies in RI or MA
• Missing policy perks: No accident forgiveness or diminishing deductibles

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#5 – The Hartford: Best For Senior Drivers

Pros:

• Moderate savings: 10% multi-vehicle discount
• Big bundling discounts: Save up to 20% when bundling home and auto
• Low rates: Affordable auto insurance for seniors
• Exclusive discounts: AARP members enjoy exclusive savings on insurance and lifestyle discounts

 Cons:

• Expensive high-risk coverage: Higher rates for drivers with tickets than other companies
• Expensive teen insurance: Not the cheapest for drivers under 25

#6 – Progressive: Best For Unique Multi-Car Coverage

• Moderate savings: 12% multi-car discount
• National availability: Coverage in 50 states
• Pet insurance: Collision policies cover vet bills for pets injured in an accident
• Unique policies: Rideshare insurance, deductible savings bank, and gap insurance available

Cons:

• Expensive: Higher-than-average rates for teens and drivers with bad credit
• Poor claims satisfaction: Scored below average in annual J.D. Power Survey

#7 – Farmers Insurance: Best For Additional Discounts

Pros:

• More discounts: Offers the most auto insurance discounts out of its competitors
• Wide availability: Coverage in 49 states
• Positive customer reviews: Fewer complaints than other companies

Cons:

• Discount unknown: Does not list discount amounts online
• Limited availability: No longer writing new policies in California

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#8 – USAA: Best for Military Drivers

Pros:

• National availability: Coverage in all 50 states
• Low rates: Cheapest rates for all drivers
• Positive customer reviews: Fewer complaints than other companies
• Financial services: Multiple types of insurance and banking services for members

Cons:

• Discount unknown: Does not list discount amounts online
• Exclusive: Coverage only available to military drivers and their families

Rates From The Best Auto Insurance Companies For Multi-Vehicle Households

We gathered average rates from the top auto insurance companies and then gathered the amount of the discount they offer for insuring more than one car. We used those numbers to rank the top car insurance companies for multi-vehicle households.

There are many factors that affect auto insurance rates, so the average rates at any given company might not apply to you. The type of car you drive, your driving record, the drivers on your policy, and where you live all play a big role in determining your rates. Compare rates from as many companies as possible to find out which one is best for you.

Read More:

• Is it cheaper to add a second car to my insurance?
• Can I have two auto insurance policies?
• What discounts does State Farm provide?
• What discounts does Farmers Insurance provide?

How Multi-Vehicle Auto Insurance Works

Multi-vehicle coverage works just like the policy you have on a single car. The only difference is that, while some coverage will apply to all vehicles, you will have to buy additional insurance per vehicle as you see fit.

For example, the types of car insurance shared across vehicles on a multi-car policy are:

• Liability coverage
• Personal injury protection (PIP)
• Medical payments coverage (MedPay)
• Uninsured/underinsured motorist insurance (UM/UIM)

These coverages are often required by state law, and most insurance companies will stack them across all vehicles listed on your policy if you ever file a claim. Learn the difference between stacked and unstacked auto insurance.

The types of car insurance you buy per vehicle include:

• Comprehensive coverage
• Collision coverage
• Business or rideshare coverage

Additional coverage like this is not required by law, but you may need comprehensive and collision if you have a lease or auto loan. Similarly, you’ll need a business policy on a vehicle you use for work. Talk with your provider about what kind of coverage you need on which vehicle to ensure you’re not driving without insurance.

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Other Ways to Save on Auto Insurance For Multi-Vehicle Households

Adding a car to your policy can qualify you for more discounts along with a multi-vehicle discount. Depending on your situation you could earn:

• Student-away-at-school discount: Keeping a college student’s car insured on your policy while they’re away at school can lower auto insurance rates.
• New car discount: Buying a new car and adding it to your current policy will earn you a discount with most companies.
• Multi-policy discount: If you own or rent your home, combine your auto insurance with your homeowners or renters policy for a bundle discount.

However, car insurance companies with the biggest multi-car discounts may not always have the cheapest rates based on your driving record and demographics. And the lowest rate doesn’t always mean the best insurance company. Cheap auto insurance isn’t a good deal if your claim isn’t paid, so always look at reputation rankings and customer reviews to find the best auto insurance companies for multi-vehicle households.

How to Find The Best Auto Insurance Companies For Multi-Vehicle Households Near You

Geico is the best car insurance company for multi-vehicle policies based on discounts, rates, and national availability, but Elephant has bigger discounts if it’s available in your state. Use our free quote comparison tool below to see which auto insurance companies are available near you. For families with young drivers, Nationwide offers the best rates on multi-vehicle auto insurance.

The easiest way to find the best auto insurance companies for multi-vehicle households is to comparison shop online. Our top eight picks are a great place to start but enter your ZIP code below to get auto insurance quotes from local companies based on your age, location, and the number of vehicles you want to add to your policy.

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