Which car insurance companies have the biggest multi-car discounts?

If you own more than one car, you can often get a cheaper auto insurance rate on the second car you insure at your insurance company with a multi-car insurance discount. The amount you’ll save depends upon the insurance company, with some companies offering larger auto insurance discounts than others. 

Continue reading to learn more about the best multi-car insurance discounts at companies and important information about multi-car insurance policies.

Auto Insurance Companies That Offer Multi-Car Insurance Discounts

A number of different companies offer a multi-car insurance discount to customers who insure more than one car at the same company, which makes it easier to find cheap multi-car insurance.

Below, you can take a look at companies that offer discounts and the average percentage offered to see which companies offer the best multi-car insurance discounts. 

Auto Insurance Companies With the Biggest Multi-Car Insurance Discounts

Companies	Multi-Car Discount Offered
Geico	25%
State Farm	20%
Nationwide	20%
Safe Auto	15%
Safeco	15%
Amica	15%
The General	15%
Country Financial	15%
Get Your Rates Quote Now		#blank#

It’s important to note that some discounts are only up to a certain percentage, which can affect your overall multi-car insurance cost. So, while you could save up to 25% with a multi-car insurance discount at Geico, you could also save less. In addition, discounts usually don’t apply to all of your auto insurance coverages, so always make sure to read the fine print. 

You should also consider the overall company and other cost factors, as a multi-car discount is just one of many variables that affect auto insurance rates. 

For example, State Farm generally has lower rates. Therefore, even if its multi-car insurance discount is lower than other companies, you may still save more with State Farm. 

If a company has high monthly rates, a 20% discount may not save you as much money as a 10% discount from a cheaper company. Companies with lower multi-car discounts may also offer different discounts to help you find additional savings on your policy, making them as cost-effective as companies with high multi-car insurance discounts.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

How Multi-Car Insurance Policies Work

The process of insuring more than one car is the same as just insuring one car. For each additional vehicle, you will have to provide basic information about the car and who will be driving it. You will have to carry the required liability auto insurance on each car, although you can choose which of your vehicles you want to add extra auto insurance coverage onto, such as collision or comprehensive insurance. 

Take a look at the table below to see which coverage applies to every car on your multi-car insurance policy and which you can usually pick and choose for your different vehicles. 

Multi-Car Insurance Discount Coverage Across Vehicles

Coverage Shared Across Vehicles	Coverage Set Per Vehicle
Liability insurance	Collision insurance
Uninsured/underinsured motorist protection	Comprehensive insurance
Personal injury protection (PIP)	Roadside assistance
Medical Payments coverage (MedPay)	Rental reimbursement
Get Your Rates Quote Now		#blank#

If you have a 15-year-old car and a two-year-old car, you can carry basic liability insurance on the older car and a full coverage policy on your two-year-old car. 

Additional Benefits of Multi-Car Insurance Policies

Having all your cars insured by the same company offers benefits besides a multi-car policy discount. It also makes it easier to manage all your coverages in one place, handle payments, and file claims. On the other hand, if you have multiple insurance companies for your cars, it can be stressful to remember the information for each car and handle payments.

How to Get Accurate Multi-Car Insurance Quotes

As we’ve mentioned before, a multi-car insurance discount is just one factor in what rates you’ll pay for auto insurance. We recommend getting auto insurance quotes to see what rates you’ll pay and how much the multi-car insurance discount will save you. To do this, you will need to take the following steps: 

• Collect your information. Make sure you have all the basic information about your cars and drivers for quotes. 
• Choose your coverages. Decide beforehand what types of auto insurance coverage you want on each car, as this information will offer a more accurate estimate. 
• Get your quotes. Apply for quotes at different auto insurance companies or use a quote comparison tool, so you only have to enter information once. 
• Compare your quotes. Compare your quotes from the auto insurance companies to see which offers the best rates for your cars. 

Once you have found a car insurance quote or two that you like, make sure to do a quick check on the company’s financial ratings and customer reviews. This will ensure there are no red flags about a company before you sign up for car insurance coverage. 

How many cars can you have on an insurance policy?

Companies will allow more than one car on your insurance policy, usually at least four or five vehicles. 

Geico is one of the few companies that allow customers to insure a higher number of vehicles. If you have more than four vehicles, you may want to check out Geico for a multi-car insurance policy. 

However, how many cars you can insure on one policy ultimately depends on the insurance laws in your state and which insurer you shop with. Not all companies will allow you to insure more than four vehicles without purchasing fleet or commercial auto insurance.

When You Shouldn’t Insure Multiple Cars on One Policy

Insuring multiple cars on the same insurance policy isn’t always the best option for every driver. Some of the reasons drivers may choose to insure cars at different companies include the following: 

• One of the cars is a classic or specialty car. 
• One driver has a poor driving record that will increase the rates for all the cars. 

If you aren’t sure if you should insure all your cars at the same insurance company, getting quotes and considering what coverages you need will help you narrow down your options. 

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

The Final Word on Multi-Car Insurance Discounts

Multi-car insurance discounts can be a great way to save on car insurance if you have to insure more than one car. The amount you’ll save will depend on the auto insurance company, but the majority of auto insurance companies will offer savings for insurance policies for more than one car. 

The best way to see if a company’s multi-car insurance discount is worth it is to get multi-car insurance quotes for your cars. You can use our free quote comparison tool to see which auto insurance companies in your area offer the best multi-car insurance policy rates.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption