Insurance for Multiple Vehicles: A Guide (Updated 2022)

JJ Starr
Written by
JJ Starr
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Written by
JJ Starr
Insurance Writer
J.J. Starr is a health and finance writer with a background in banking, lending, and financial advising. She holds a Series 6, FINRA, and life insurance licensure and a master's degree from New York University. Through her writing, she strives to use her decade of experience to help consumers make sound financial choices. Connect with J.J. on LinkedIn.
Jackie Cohen
Edited by
Jackie Cohen
Photo of an Insurify author
Edited by
Jackie Cohen
Editorial Manager
Jackie Cohen is an editorial manager at Insurify specializing in property & casualty insurance educational content. She has years of experience analyzing insurance trends and helping consumers better understand their insurance coverage to make informed decisions about their finances.Jackie's work has been cited in USA Today, The Balance, and The Washington Times.
Amber Benka
Reviewed by
Amber Benka
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Reviewed by
Amber Benka
Licensed Insurance Agent
Amber Benka is a licensed insurance agent specializing in auto, home, commercial, life, and health insurance.

Updated June 15, 2022

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Why you can trust Insurify

Insurify is America's highest-rated insurance comparison platform. We partner with the nation's top insurance companies and are licensed as an agent in all 50 states. However, the insurance experts writing our content operate independently of our partners, and you can learn more about how we make money by viewing our advertising disclosures. Also check out reviews from over 3,000 satisfied customers, our data methodology, and our editorial standards.

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 on them up to 38 percent, according to our research. You can use Insurify to compare auto insurance quotes today and find the best multi-car policy for you.

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Quick Facts

  • The national average cost for a two-car policy is $273 per month.

  • The cheapest insurer we found for multi-car policies is Farmers, with average premiums of $175 per month.

  • The best way to find a cheap multi-car policy is to use a quote-comparison tool, like Insurify, to get the best rates personalized to your unique driver profile.

Cheapest Car Insurance Companies for Multi-Car Policies

What is a multi-car insurance policy?

For households that own two or more vehicles, a multi-car policy offers coverage for all vehicles and parties. Most car insurance companies offer multi-car policies, and the average cost for a two-car policy is $273 per month.

To understand which companies consistently offer the lowest rate to policyholders, we looked at 1.9 million multi-vehicle car insurance quotes and calculated the average quote offered by each company. These are the companies offering the cheapest rates for multi-car policies.

Insurance CompanyCheapest Monthly Quote for a Multi-Car Policy
Farmers$175
Elephant$197
Clearcover$199
Amigo USA$208
Kemper$221
Travelers$227
National General$231
AssuranceAmerica$238
Nationwide$289
Mercury$306
Liberty Mutual$309
Bristol West$325
Dairyland$355
The General$413
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

See More: Best Car Insurance Companies

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.

See More: Car Insurance Quotes

How Multi-Vehicle Car Insurance Policies Work

Multi-car policies work just like single-car policies: you decide on coverage types (liability, collision, comprehensive, etc.) and coverage 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

  • 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, your cars need to be registered to the same address and may need to belong to the same individual. But not always. Some insurers only require that all cars remain overnight at the same address most of the time. All providers will limit the number of vehicles allowed on a single policy, usually five or fewer.

You may be able to add a driver and their vehicle even if the driver doesn’t live with you. Typically, this means getting a policy that covers you and your child, but other family members may be included. Different insurance companies have different policies regarding how to add multiple cars to your policy. Most of the time, non-relatives cannot be added to your policy.

Of course, the least expensive company, in general, doesn’t mean it’s the least expensive company for you. Each insurer has different overhead costs and will assess your risk factors differently. The best way to know that you’re getting the lowest rate is by comparing car insurance quotes before you buy.

See More: Cheap Car Insurance

Multi-Car 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 and companies that do offer different discounts for different circumstances. Be sure to review the policies of your insurance company.

In the table below, we’ve gathered the discounts offered by top companies for purchasing a multi-vehicle policy.

CompanyDiscount
AmicaUp to 25 percent
GEICOUp to 25 percent
ElephantUp to 30 percent
InfinityUp to 38 percent
NationwideVaries
State FarmUp to 20 percent
TravelersUp to 8 percent

Remember that you’ll have access to discounts beyond the multi-car discount. There’s no reason not to get all the discounts you’re entitled to—the more discounts you get, the lower your costs. Here are a few to look out for:

If you’re unsure you’ve gotten all the discounts you can, when you compare car insurance quotes, you’ll be able to unlock all your eligible discounts to apply to your premiums.

See More: Best and Worst Sites to Compare Car Insurance

Cheapest States for Car Insurance for Multi-Car Policies

Where you live has one of the most significant effects on your car insurance premium. Your ZIP code’s claim rates, crime rates, traffic patterns, road conditions, and climate all signal certain levels of risk to your insurance company. Plus, state regulations — such as types of required coverage and coverage limits — also affect costs.

Below are the five states with the cheapest car insurance policies for multiple cars.

StateMonthly Quote for a Multi-Car Policy
Vermont$162
Maine$169
Massachusetts$172
Idaho$173
New Hampshire$173
North Carolina$174
Ohio$182
Hawaii$185
Indiana$187
Wisconsin$188
Illinois$196
Alaska$208
Iowa$211
Minnesota$219
South Dakota$220
Pennsylvania$223
Tennessee$223
Montana$228
North Dakota$229
Oregon$230
Virginia$233
New Mexico$237
Utah$238
Wyoming$241
Nebraska$243
Kansas$247
Alaska$259
West Virginia$268
Arizona$271
Oklahoma$271
Mississippi$276
Washington$281
Arkansas$292
California$296
Missouri$311
Colorado$318
Texas$328
Connecticut$329
New Jersey$330
Maryland$339
Washington, D.C.$342
New York$342
Delaware$350
Kentucky$353
South Carolina$374
Florida$384
Georgia$393
Nevada$405
Rhode Island$409
Louisiana$435
Michigan$596
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

You should also know that where you live within your state can mean that you pay more or less than the state average. For example, if you live in your state’s largest city, you’ll probably pay more than the state average. If you live in a small town, you may pay less.

Benefits of a Multi-Car Insurance Policy

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

One Payment

When you have just one policy, you have just one payment, simplifying the process. You also have to manage bill pay or billing disputes with one company. And you’ve got just one renewal date to remember. On the other hand, you’ll pay the entire monthly cost on one day of the month, which may be undesirable.

Shared Deductible

If more than one of your cars is damaged in a single incident, you only have to pay one deductible. For example, a hailstorm comes through your area and causes hail damage to both your cars. You can submit a single claim with one deductible to cover both of your vehicles. Shared deductibles are never an option when you have separate policies.

Insurance “Stacking”

In some states, you’re allowed to stack uninsured and underinsured coverage limits in the event of a claim. Let’s say you're hit by an uninsured motorist. If you have uninsured motorist protection of $50,000 per person and $150,000 per incident on two vehicles, you can “stack” those limits to double the base amount to $100,000 per person and $300,000 per incident.

Significant Discount

The multi-car discount is typically one of the best discounts available, second only to bundling your car policy with other insurance products. Some companies give you more than 20 percent off your total, which can save you hundreds every year. Be advised that some companies offer the multi-car discount under a different name, such as a loyalty discount.

Of course, it’s hard to know which company will offer you the lowest rate unless you conduct comparison shopping. Insurify makes it easy to compare multi-car policies from six or more insurers.

The Best Car Insurance Quotes for Multiple Cars

For most people insuring a second car (or more!), a multi-car policy offers the most perks and the greatest savings. And when they use other cost-saving measures—such as stacking car insurance discounts—they can lower their costs even more.

But there’s only one way to be sure you’re getting the best rate available and that’s by comparing car insurance quotes with Insurify. Fill out one form and receive accurate quotes from six or more companies without sharing your personal information. Our car insurance comparison tool is free and easy to use, try it out today.

Frequently Asked Questions

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

  • The best car insurance company for you will depend on several factors. Where you live, the cars you’re insuring, your driving history, your budget, and your personal preferences will all determine which company is the best fit. Always choose the company that fits your needs best, not just the cheapest or best-rated company in general.

  • You can use Insurify to compare multi-car insurance quotes from six or more insurance companies. It’s free and easy: fill out one form and receive quotes from top insurance companies in your area. Your information is never shared — when you find the right price, you follow a link to the company website or buy your policy with one of our agents.

Compare Car Insurance Quotes Instantly

Secure. Free. Easy-to-use.
  • Data scientists at Insurify analyzed over 40 million auto insurance rates across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. With these insights, Insurify is able to offer drivers insight into how their car insurance premiums are priced by companies.

JJ Starr
Written by
JJ Starr
Linkedin

Insurance Writer

J.J. Starr is a health and finance writer with a background in banking, lending, and financial advising. She holds a Series 6, FINRA, and life insurance licensure and a master's degree from New York University. Through her writing, she strives to use her decade of experience to help consumers make sound financial choices. Connect with J.J. on LinkedIn.

Learn More
Jackie Cohen
Edited by
Jackie Cohen
Linkedin

Editorial Manager

Photo of an Insurify author
Edited by
Jackie Cohen
Editorial Manager
Jackie Cohen is an editorial manager at Insurify specializing in property & casualty insurance educational content. She has years of experience analyzing insurance trends and helping consumers better understand their insurance coverage to make informed decisions about their finances.Jackie's work has been cited in USA Today, The Balance, and The Washington Times.
Amber Benka
Reviewed by
Amber Benka

Licensed Insurance Agent

Icon of a woman
Reviewed by
Amber Benka
Licensed Insurance Agent
Amber Benka is a licensed insurance agent specializing in auto, home, commercial, life, and health insurance.