How much does car insurance cost for two cars?
The national average cost of car insurance for a two-car policy is $273 a month according to our research. That’s based on the average of thousands of auto insurance quotes in Insurify’s proprietary database. But the rate you pay depends on a number of factors, including:
Where you live—areas with heavy traffic tend to have higher insurance rates.
The cars you drive—newer or more expensive vehicles tend to cost more to insure.
The types of insurance coverage you carry—liability coverage (bodily injury and property damage), collision coverage, comprehensive coverage, underinsured/uninsured motorist coverage, and personal injury protection (PIP), for example.
Your coverage limits—the higher your coverage limits, the more you pay. But additional coverage may cost just a few dollars more for significantly better coverage.
The number of drivers on your policy—the more people you insure, the more expensive the policy.
The driving history of the people insured—people with clean driving records pay less than people who have had at-fault accidents, speeding tickets, or DUIs.
Your credit score—people with good credit pay less than people with poor credit.
If you consider how these factors affect your insurance premiums, you can set yourself up for lower rates now and in the future. For example, you can focus on raising your credit score to get a lower rate. You can save up to $200 a month by dropping full-coverage car insurance on any vehicle worth less than $5,000.
Insurance companies rate your risk level based on these factors. Each company will have a different assessment of your risk, making it difficult to predict exactly which company will offer you the best rate.