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Cheapest car insurance for multiple vehicles (2024)

Erie, USAA, Auto-Owners, GEICO, and State Farm are the cheapest companies for insuring more than one vehicle.

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By

Rachael BrennanSenior Editor & Licensed Auto Insurance ExpertRachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.&Andrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Edited by

Anna SwartzAnna SwartzSenior Managing EditorAnna Swartz is a senior managing editor who specializes in home, auto, renters, and disability insurance at Policygenius. Previously, she was a senior staff writer at Mic and a writer at The Dodo. Her work has also appeared in Salon, HuffPost, MSN, AOL, and Heeb.

Updated|3 min read

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Most car insurance companies offer multi-car discounts for insuring more than one vehicle on the same policy, and these discounts can lower your costs by as much as 25%. There are still some standout companies when it comes to the cheapest multi-car insurance though, like Erie, Auto-Owners, and GEICO.

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But if you own two or more cars and a shopping for an insurance policy to cover them, the best car insurance company for you may vary depending on where you live and what your coverage needs are. Comparing quotes can help you make sure you’re getting the best deal on multi-car insurance.

Companies with the cheapest multi-car insurance

We found that Erie is the cheapest insurance company for insuring multiple vehicles, with an average monthly rate of $153. That’s $1,839 a year, or $1,000 less than the national average rate for a multi-car policy.

USAA (if you’re affiliated with the military), Auto-Owners, GEICO, and State Farm also had some of the cheapest rates for insuring multiple cars.

Average monthly cost for a multi-car policy

Erie

$153

USAA*

$155

Auto-Owners Insurance

$172

GEICO

$173

State Farm

$175

American Family

$199

Amica

$200

COUNTRY Financial

$203

Shelter

$212

Travelers

$214

Nationwide

$218

National average 

$237 

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USAA is only available if you’re a veteran, in the military, or a part of a military family.

Methodology: Why you can trust our picks for the cheapest companies

Policygenius experts analyzed hundreds of thousands of rates from more than 130 companies using rate data from Quadrant Information Services to find the cheapest companies for multi-car insurance.

Our sample policy was for a 30-year-old male driver with two 2017 Toyota Camrys and the following coverage limits:

  • Bodily injury liability: $50,000 per person, $100,000 per accident

  • Property damage liability: $50,000 per accident

  • Uninsured/underinsured motorist: $50,000 per person, $100,000 per accident

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Cheapest multi-car insurance company in every state

One of the biggest factors that affects your car insurance premiums is where you live. Here are the cheapest companies for multi-car insurance broken down by state:

State

Cheapest multi-car insurance

Monthly rate for multiple cars

Alabama

USAA

$143

Alaska

State Farm

$134

Arizona

Auto-Owners

$134

Arkansas

USAA

$141

California

Wawanesa

$128

Colorado

American National

$113

Connecticut

GEICO

$109

Delaware

State Farm

$171

District of Columbia

GEICO

$147

Florida

State Farm

$242

Georgia

Auto-Owners

$154

Hawaii

GEICO

$136

Idaho

American National

$64

Illinois

Pekin

$94

Indiana

USAA

$105

Iowa

State Farm

$106

Kansas

USAA

$140

Kentucky

GEICO

$176

Louisiana

USAA

$221

Maine

USAA

$91

Maryland

USAA

$118

Massachusetts

Norfolk & Dedham

$177

Michigan

GEICO

$148

Minnesota

Farm Bureau

$142

Mississippi

USAA

$141

Missouri

USAA

$115

Montana

USAA

$127

Nebraska

Auto-Owners

$162

Nevada

GEICO

$142

New Hampshire

USAA

$97

New Jersey

GEICO

$138

New Mexico

USAA

$129

New York

Progressive

$145

North Carolina

Erie

$88

North Dakota

USAA

$121

Ohio

USAA

$104

Oklahoma

USAA

$147

Oregon

State Farm

$127

Pennsylvania

Erie

$136

Rhode Island

State Farm

$138

South Carolina

American National

$99

South Dakota

Kemper

$144

Tennessee

USAA

$123

Texas

State Farm

$153

Utah

USAA

$117

Vermont

USAA

$108

Virginia

State Farm

$94

Washington

PEMCO

$116

West Virginia

USAA

$103

Wisconsin

USAA

$130

Wyoming

American National

$102

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How does insurance work for multiple cars?

Insuring multiple cars is pretty similar to insuring one car, except that not every car on your policy has to have identical coverage. 

The liability coverage limits (for both bodily injury and property damage) and uninsured motorist coverage limits you choose will apply to every car listed on the policy, so those will all be the same for each vehicle. 

But some coverages are applied per-vehicle, like comprehensive coverage and collision coverage, as well as gap insurance and rental car reimbursement. That means that you can have full coverage on one car but not the other.

And because comprehensive and collision coverage are per-car, you can also set your deductibles separately (that’s the amount of money you pay out of pocket for a claim when your car is damaged).  

But claims also work the same way if you have multiple cars on the same policy, you’ll just have to specify which vehicle was in the accident when you first start the claims process.

How many vehicles can you add to one policy?

Car insurance companies usually limit the number of vehicles you can add to a single policy. You typically can add up to four cars to your policy, but it depends on the company.

Keep in mind that these are national average rates, so your rates may be lower (or higher) based on your location, driving history, and other factors.

Should you insure multiple cars with the same policy?

Yes, it’s almost always a good idea to insure both or all of your cars on the same car insurance policy. It’s cheaper and easier than getting a separate insurance policy for each car. 

Some benefits of insuring more than one car on the same policy include:

  • You can pay one combined monthly or annual premium

  • You’ll probably qualify for a multi-car or multi-vehicle discount

  • If both of your cars are damaged in the same incident you may just have to pay a single deductible

  • Some companies let you stack, or combine, certain coverages across more than one vehicle.

Insuring more than one driver on the same policy

Insurance companies typically require every driver in your household to be listed on your car insurance policy, and if you have both multiple cars and multiple drivers, you’ll have to assign a primary driver to each vehicle.

Expect your rates to go up if you have a high-risk driver, like a new teenage driver or someone with a spotty record, in your household. 

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How much is multi-car insurance?

The average cost of multi-car insurance is $237 a month or $2,839 a year for a policy that covers two cars. That’s $1,201 more expensive per year than the cost of insurance for a single car, or an increase of 73%. 

Your rates may vary, though, depending on things like your age, location, driving history, and the make and models of the different cars on your policy.

The percentage increase to the cost of car insurance when insuring more than one car.

State

Monthly cost insurance for one cars

Monthly cost of insurance for two cars

Alabama

$148

$246

Alaska

$116

$191

Arizona

$133

$225

Arkansas

$145

$249

California

$154

$256

Colorado

$156

$280

Connecticut

$154

$252

Delaware

$176

$286

District of Columbia

$152

$265

Florida

$236

$408

Georgia

$137

$224

Hawaii

$140

$233

Idaho

$93

$155

Illinois

$113

$191

Indiana

$103

$176

Iowa

$98

$173

Kansas

$131

$225

Kentucky

$184

$298

Louisiana

$212

$375

Maine

$94

$157

Maryland

$151

$251

Massachusetts

$158

$296

Michigan

$206

$342

Minnesota

$120

$210

Mississippi

$144

$250

Missouri

$134

$226

Montana

$155

$268

Nebraska

$134

$264

Nevada

$186

$315

New Hampshire

$103

$178

New Jersey

$187

$307

New Mexico

$124

$214

New York

$188

$314

North Carolina

$88

$130

North Dakota

$119

$208

Ohio

$86

$145

Oklahoma

$145

$245

Oregon

$122

$196

Pennsylvania

$141

$230

Rhode Island

$154

$267

South Carolina

$169

$293

South Dakota

$129

$226

Tennessee

$113

$187

Texas

$151

$262

Utah

$129

$212

Vermont

$115

$192

Virginia

$95

$158

Washington

$148

$251

West Virginia

$93

$150

Wisconsin

$140

$267

Wyoming

$120

$209

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How to get car insurance for multiple cars

If you already have car insurance , adding a second (or third) car to your policy is easy, and you can usually do it over the phone or online. 

And if you’re shopping for a new policy, here’s how to find quotes for multi-car insurance and choose the company that’s best for you in five simple steps:

  1. Have your information ready Know the VINs for both or all of your cars, and the drivers license numbers for every driver in your household.

  2. Decide how much coverage to get Figure out the liability limits for the whole policy and which coverage to get for each vehicle, like comprehensive and collision coverages.

  3. Get multiple quotes Enter your information online or over the phone to see options from different companies. It’s easy to get multiple car insurance quotes at once by comparing with Policygenius.

  4. Choose a policy Pick the company that offers you the most coverage at the best price. You’ll have to choose a start date for your new policy and make your first payment.

  5. Cancel your old car insurance policy If you switch to a company with cheaper multi-car insurance rates, you’ll have to cancel your old policy — but make sure your old policy ends on the same day your new one begins.

Car insurance companies with multi-policy discounts

Most companies offer car insurance discounts if you insure more than one vehicle on the same policy. Here is a list multi-vehicle discount by company:

Company name

Multi-vehicle discount?

Allstate

Yes

American Family

Yes

Amica

Yes (up to 25%)

Auto Club (AAA)

Yes

Auto-Owners Insurance

Yes

COUNTRY Financial

Yes

CSAA

Yes

Erie

Yes (up to 25%)

Farm Bureau

Yes

Farmers

Yes

GEICO

Yes (up to 25%)

The Hartford

Yes

Kemper

Yes

Nationwide

Yes

Progressive

Yes (12% on average)

Shelter

Yes

State Farm

Yes

Travelers

Yes

USAA

Yes

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Compare rates and shop affordable car insurance today

We don't sell your information to third parties.

Frequently asked questions

Where can you insure two cars with the same policy?

Nearly every car insurance company will let you insure more than one car with one policy. Most car insurance companies even offer multi-car discounts.

Can I bundle home and auto with multiple cars?

Yes, insurance companies actually encourage customers to bundle more than one type of insurance (like auto and home). If you decide to bundle more than one type of insurance and insure multiple vehicles with the same company, you could qualify for extra savings.

Can I insure one car with two insurance policies?

While you can get two insurance policies for a single car, there’s no reason to do it. If your car were damaged, you couldn’t make two identical claims. It’s a better idea to increase the coverage on a single policy to be sure you’d be covered for any amount of damage.

Authors

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Andrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Editor

Anna Swartz is a senior managing editor who specializes in home, auto, renters, and disability insurance at Policygenius. Previously, she was a senior staff writer at Mic and a writer at The Dodo. Her work has also appeared in Salon, HuffPost, MSN, AOL, and Heeb.

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