Best insurance companies for multiple vehicles

Buying car insurance for multiple cars is more expensive than insuring just one vehicle. But almost every insurance company offers a multi-car discount, taking some of the sting out of adding a second car to your insurance.

How much you’ll pay to insure more than one car varies based on a number of factors, but a little bit of research can help you find the best multi-car policy for your needs. Here are some of the best companies for insurance for multiple cars.

What are the best insurance companies for insuring two cars?

According to our data, USAA has the lowest average rates for two vehicles at $1,988 per year, followed by State Farm at $2,106 per year. GEICO, Nationwide and Travelers are also some of the cheapest car insurance companies for multi-car policies.

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.

Best overall insurance company for multiple cars: GEICO

GEICO

4.6

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Best overall insurance for multiple cars

GEICO covers over 17 million policyholders and 28 million vehicles across the country. GEICO also offers up to 25% off standard rates for a second car, with an average annual rate of $2,182 for a policy that covers two vehicles.

Get quotes

GEICO has low average rates, excellent online tools and apps to make it easy to access your insurance, and it offers the most discounts of any of the top insurance companies in the country. It also has a score of 881 on the J.D. Power 2021 Auto Claims Satisfaction Study, which means it ranks above industry average for customer happiness after filing claims.

Cheapest insurance company for multiple cars: State Farm

State Farm

3.8

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Cheapest insurance company for multiple cars

State Farm’s average annual rate for insuring two vehicles is $2,106. State Farm is available in almost every state, has high claims satisfaction ratings, and often has the lowest rates for young drivers or drivers with an accident or ticket.

Get quotes

In addition to being one of the cheapest car insurance companies for a multi-car policy, State Farm has excellent claims satisfaction ratings, nationwide coverage, and low rates for drivers who might be charged more at other companies, like new drivers or drivers with a moving violation or two. 

Best for military drivers insuring multiple cars: USAA

USAA

Best for military drivers insuring multiple cars

USAA only offers coverage for military members and their families, with 8.5 million members in 2021. We found that it was also the cheapest company for insuring multiple vehicles, with an average rate of $1,988 a year for a two-car policy.

Get quotes

Known for low rates and excellent customer service, USAA is often the cheapest coverage available, and the average rate for insuring two vehicles is $1,988 per year, or $166 a month. USAA also has a J.D. Power score of 909 for claims satisfaction, outranking all of its competitors in the industry.

USAA consistently has the highest customer service ratings and some of the lowest prices in the industry, but it’s only available to active military, veterans, and their families. 

How does insurance work for multiple cars?

Insuring multiple cars is pretty similar to insuring one car, and it’s pretty straightforward to list two, three or even four cars on one policy.

When you have two cars, some coverages (like liability coverage and uninsured motorist coverage) have to be the same for every car on the policy. So if your property damage liability coverage limit is set at $100,000 for your first vehicle, the same limit will be applied when you add a second car.

But some types of coverage (like comprehensive coverage and collision coverage) are unique to each vehicle, which means each car is listed separately on your policy, along with all the types of coverage you’ve selected for that car. When you review your policy you will be able to see exactly what coverage applies to each vehicle on your declarations page. 

How to add a second car to your policy

Adding a second car to your insurance policy is easy, and can usually be done in just a few minutes, either online or over the phone. You just need to follow a few simple steps:

1. Tell your insurance company about your new car, including the VIN and the make and model of the vehicle. 

2. Let your insurance company know who the primary driver will be for the new vehicle. If you are adding both a new driver and a new car to the policy, you’ll need to provide a driver’s license number, birth date, and other information for your new driver and your insurance rates will change based on their information.

3. Tell your insurance company exactly what coverage you want to have on your new car. A multi-car insurance policy offers the same types of coverage as a single car policy, but you can choose to have different levels of coverage for each car.

→ Learn more about how to add a new car to your insurance policy

Can I have different coverage levels for each car on my policy?

Just because you have more than one car doesn’t mean they each need the same types of coverage. Except for liability insurance, car insurance companies usually let you choose how much (if any) coverage to purchase for each car based on your needs, even if they’re on the same policy. 

The chart below shows how different types of coverage work for a multi-car policy:

Type of coverage	What it does	How it works for two cars
Liability coverage	Pays for damage or injuries you cause to other people and their property.	Because it covers damage you cause to other people and their property rather than damages to your own vehicle, liability typically has to be the same for all cars on your policy.
Comprehensive coverage	Pays to repair or replace your car when it is damaged by falling objects, vandalism, storms, animals, or theft	You can choose to have comprehensive coverage on one car and not another. You can also choose to have different deductibles on each car.
Collision coverage	Pays to repair or replace your car when it is damaged in a collision	Like comp, you can choose to have collision coverage on one car and not another, or choose different deductible amounts for each car.
Uninsured motorist coverage	Pays for medical costs when someone else causes an accident and doesn’t have the insurance they need to cover it	UM coverage is purchased per policy, not per vehicle, so it must be the same for every car on your policy
Rental reimbursement	Pays for a rental car while your vehicle is being repaired after a covered claim	Rental reimbursement can be added for one car and not another. You can also choose different levels of rental reimbursement for each car.
Gap coverage	Pays the difference between what you still owe on a car and it’s depreciated value if it gets totaled	Gap coverage applies to the individual car, not the policy. You may need to get gap coverage for any financed cars you have on your policy.
Roadside assistance	Pays for emergency services when you’re stranded on the side of the road, including towing, jump starts, and tire changes.	Roadside assistance is usually sold per policy, not per vehicle, but your insurance company may have different rules.

Collapse table

Why should I insure multiple cars on one policy?

Lots of households have more than one car, in fact, in 2017, the average household in the U.S. had 1.88 cars.  [1]

If you’re one of the many households with more than one car in the driveway, having a multi-car policy is a good idea. There are several benefits to insuring more than one car on your policy, including:

• Discounts on your car insurance: Most insurance companies offer a multi-car discount for insuring two or three cars on the same policy.

• Easy billing and claims: Streamlining all of your insurance into one policy makes it easier to keep track of your policies, pay your bill, and monitor claims.

• Stacking coverage: Some insurance policies allow you to stack certain coverages, which means combining coverage limits for multiple cars on the same policy so you have more coverage in an accident.

Frequently asked questions

How many cars can you insure on one policy?

Most insurance companies allow you to insure up to four or five cars on a single policy. If you need to insure more than four or five cars, most insurance companies allow customers to buy more than one auto insurance policy to cover additional vehicles.

Can I bundle home and auto with multiple cars?

Yes, insurance companies allow and encourage customers to bundle multiple lines of coverage, including auto insurance policies with more than one car.

Can I get a discount for insuring multiple cars?

Yes, most insurance companies offer a discount for insuring more than one car on your policy. Often referred to as a multi-line discount or a multi-vehicle discount, drivers can save a significant amount (sometimes as much as 25%) on the cost of insuring their second vehicle.

Can I have different insurance for two cars on the same policy?

Yes, you can customize your insurance coverage on each vehicle. For example, you could have liability only coverage for an older car and full coverage insurance on a newer vehicle.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states, plus Washington, D.C. 

For full coverage policies, the following coverage limits were used:

• Bodily injury liability: 50/100

• Property damage liability: $50,000

• Uninsured/underinsured motorist: 50/100

• Comprehensive: $500 deductible

• Collision: $500 deductible

In some cases, additional coverages were added where required by the state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers age 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles per year for the first vehicle. The second driver and vehicle was a 35-year-old single male driving a 2017 Toyota Camry LE with the same coverage limits.

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