Best Car Insurance for Multiple Vehicles (2025)
Common multi-car discount amounts range between 10% and 25%, depending on your insurance company.
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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.
Elephant, GEICO, and State Farm offer some of the best multi-car discounts, according to Insurify research. Elephant policyholders with two or more insured cars can save up to 39% on coverage.
Here’s how to compare quotes and find the best multi-car policy for you.
Best multi-car insurance companies
When you’re looking for a new auto policy, it’s always a good idea to compare quotes and coverage options from multiple insurance companies. Learn more about a few of the best insurers for multi-car coverage below.
GEICO: Best insurance company for discount options
State Farm: Best insurance company for cheap coverage
Elephant: Best insurance company for biggest multi-car discount
Our editorial team analyzed auto insurance companies that sell multi-car policies to assess which offer the best rates, coverage options, customer service, and savings. We prioritized competitive rates, 24/7 customer service, low-mileage discounts or programs, safe driving discounts, homeownership discounts or bundling options, and specialty or supplemental coverages.
How multi-vehicle car insurance policies work
Multi-car policies work just like single-car policies: You decide on coverage types and coverage limits for the cars you want to insure. Then, your insurance company will cover damages and injuries for claims for all cars you insure with the policy, up to the policy 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 (VINs)
The types of coverage and coverage limits you need
How you intend to use the vehicles, including annual mileage
Information for each driver on your policy, including driver’s license numbers and dates of birth
To qualify for a multi-car policy, you need to have your cars registered at the same address. Depending on the insurer, the cars may also need to belong to the same person. Insurers may limit the maximum number of vehicles allowed on a single policy — usually five or fewer. You can insure each of these vehicles at different comprehensive and collision coverage levels, too, but liability limits are usually the same across all vehicles.
Can vehicles have different insurance coverage options?
If multiple vehicles are on the same policy, they can’t have different coverage options. Generally, liability and other state-mandated coverages have to be the same across all vehicles on one policy. But you can have different comprehensive and collision coverage options for the different vehicles on your policy.
Can multi-car insurance policies cover multiple drivers?
While it varies by company, you can typically have multiple people insured under a multi-car policy. Similar to having multiple drivers on a car insurance policy, you can add your partner, driving-eligible children, or another family member to your coverage.
For example, if your teenager uses multiple family cars, you can add them as a named driver on the policies. This may increase your premium, but it would be cheaper than buying your teen their own policy.
An example of when this wouldn’t be necessary is if someone already has their own insurance. If your parents are visiting and want to drive your cars, they don’t need to be named on your policy if they already have insurance.
Some insurers limit the amount of named drivers on your policy or have stipulations like sharing a primary address, so it’s important to talk to an agent before adding another person.
Cheapest car insurance companies for drivers with multiple vehicles
USAA has the cheapest average liability-only premium for two-car policies, at $78 per month, but the company only sells coverage to eligible military members and their families. State Farm has the cheapest average premium for coverage available to all drivers, with an average monthly premium of $90.
Compare average liability quotes for two-car policies below.
Multi-car insurance 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, so review the policies of various insurance companies before purchasing a policy.
In the table below, you’ll find discounts for purchasing a multi-vehicle policy from various top insurance companies.
Other discounts to take advantage of
Remember that you’ll also have access to discounts beyond the multi-car discount. You should try to get all the discounts you qualify for — the more discounts you get, the less you’ll pay for coverage.1 Here are a few to look for:
Benefits of insuring multiple vehicles on one policy
When you have several cars to insure, it’s almost always worth buying a multi-car policy. They usually offer the lowest cost while also making it easier for you to manage your policy.
One payment: Multi-car insurance allows you to manage all your different policies in just one place, simplifying the process.
Shared deductible: If a single accident damages more than one of your cars, you’ll only have to pay one deductible, saving you time and money.
Insurance stacking: Some states allow drivers to stack uninsured and underinsured motorist coverage limits in the event of a claim. If you have uninsured motorist limits of $50,000 per person and $150,000 per accident on two vehicles, you can stack those limits to double the amounts to $100,000 per person and $300,000 per accident.
Significant discount: Multi-car discounts are one of the best car insurance discounts available, with some companies providing up to 39% off your total policy cost. Some companies might call this discount a loyalty discount.
When you shouldn’t insure multiple vehicles on one policy
While taking advantage of a multi-car policy almost always saves you money over time, it may not make sense for every household to insure multiple vehicles on one policy. Here’s when you may consider insuring your vehicles under different policies:
You have a classic or vintage car. Classic cars require special coverage that may have different requirements, such as where to store it, how often you can drive it, and an agreed-upon value, that your current insurance company can’t meet. You may want to buy an auto policy from a company that specializes in insuring classic cars in this case.
Someone in your household has a poor driving record. Insurance companies consider the vehicle’s primary driver’s record when setting premiums. If another driver in your household has a poor driving record, their past mistakes on the road can increase your rates.
Your child doesn’t live with you anymore. When your child is at school, they can stay on your auto policy as long as their primary address is the same as yours. But after graduation and moving into their own place, your child needs their own auto insurance policy.
How coverage works for a multi-car insurance policy
When you buy multi-car insurance, you can customize coverages for each car on the policy. Here are the coverage options auto insurers typically offer:
Factors that affect the cost of multi-car insurance
The national average cost for a two-car policy is $177 per month for liability coverage and $362 for full coverage, according to Insurify’s proprietary data. But the exact rate you’ll pay depends on a number of factors, including:3
Where you live: Areas with heavy traffic and high vehicle crime statistics typically have higher insurance rates.
The cars you drive: Newer or more expensive cars usually cost more to insure.
The types of coverage you carry: Liability coverage (bodily injury and property damage), collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and personal injury protection (PIP) are among the most common types.
Your coverage limits: The higher your coverage limits, the more you’ll pay.
The number of drivers on your policy: The more people you insure, the more expensive your policy.
Driving history: Drivers with clean driving records typically pay less than people with at-fault accidents, speeding tickets, or DUIs.
Your credit history: Drivers with good credit usually pay less than drivers with bad credit.
Car insurance for multiple vehicles FAQs
If you’re shopping for a multi-vehicle insurance policy, this additional information may help as you’re researching different companies.
How many cars can you cover on one auto insurance policy?
Most auto insurance companies have a limit of five cars per policy, meaning you can insure up to five vehicles on a single multi-car policy. But every insurance company has its own rules and policies. Some allow more vehicles per policy, and some allow fewer.
What’s the best car insurance company for insuring multiple vehicles?
Based on the specific discount, Elephant is the best car insurance company for insuring multiple vehicles. You can save up to 39% on coverage with Elephant. But companies with higher IQ Scores that have good multi-car discounts include GEICO and State Farm. Drivers can save up to 25% with GEICO and up to 20% with State Farm.
Is it cheaper to insure multiple cars?
In most cases, yes. It’s often cheaper to insure multiple vehicles under one policy since many insurance companies offer a multi-car discount. For example, the average cost of liability-only insurance in the U.S. is $170 per month, so insuring two cars with separate policies at this rate would be $340 per month. But with a 25% multi-car discount, the rate for insuring two cars drops to $255 per month, saving drivers around $1,020 annually.
What are stacked insurance limits?
Stacked insurance limits refer to combining the limits from multiple policies. Typically, this applies only to uninsured/underinsured motorist (UM/UIM) coverage. For example, if you have two cars in your multi-car policy, and each car has $20,000 in UM/UIM coverage, you could stack the two policies to get a total of $40,000 in coverage.
The ability to stack limits varies by state and insurer, so check your local laws or ask an agent to learn more. Only some states allow this practice.
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Senior Editor, Auto
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