Multi-car insurance is a good choice if you own more than one car.

This coverage allows you to add multiple vehicles to the same policy. Multi-car insurance offers many benefits, and is a good fit for you if your household has more than one vehicle.

What’s multi-car insurance?

Multi-car insurance is the ability to insure more than one vehicle under one policy.

Multi-car coverage is offered by many insurers. This can help you save money on your car insurance premium. Multi-car policies can offer discounts from many insurers.

Multi-car insurance is subject to specific rules. These rules may vary from one insurance company to the next.

Most insurance companies require that all vehicles in a multi-car policy be kept at the same location. Progressive, for example, allows you to add a spouse or family member to your policy, provided that all cars are at the same address.

Benefits of multi-car insurance

Multi-car insurance offers certain benefits.

  • It’s simple and easy: Having separate policies for each vehicle requires separate bills, payments, and renewal dates. Multi-car insurance covers all your vehicles with a single policy. This means that you only have to pay one bill and renew your policy once every year. You will have less paperwork and spend less time managing your insurance coverage.
  • You may be able to pay only one deductible, depending on your insurance and coverage options. If multiple vehicles are damaged in the same accident, you might only have to pay one. A multi-car policy might allow you to only pay one deductible if two cars were damaged in the same storm.
  • You may be able to access stacked insurance coverage. Stacked insurance allows for you to combine coverage limits to more than one vehicle. This applies to coverage for uninsured or underinsured motorists. Let’s take, for example, two cars on a multi-car policy with a $30,000. uninsured motorist bodily injuries coverage. You can combine these limits to increase your coverage to each car to $60,000. With stacking you could do this.

Conveniences of Multi-Car Insurance

Multi-car insurance has its downsides.

  • A claim can result in higher premiums. If you have a policy that is shared with another person, and they file a claim it could lead to an increase in your premium. Let’s say, for example, that you have a policy together with your partner. Your coverage premium could increase if your partner is involved in an accident or files a claim.
  • You may not be eligible for certain discounts. If you have a multi-car policy, you must both be eligible for discounts. If the policy is only in your name, you might be eligible for a good driving discount if you have a clean driving history. If you are sharing multi-car coverage, however, with a driver with poor driving records, you might lose your eligibility for the discount pricing.

What car insurance companies offer multi-car discounts the most?

These are the top insurance companies that offer the best multi-car insurance discounts.

  • Direct Auto Insurance — Direct Auto Insurance offers great discounts for multi-car coverage. If you select a multi-car policy, you could be eligible to receive a discount up to 25%. Direct Auto offers discounts to safe drivers, seniors, military personnel, good students, and those who have completed driver education training.
  • Geico Geico is the best choice for those who want to save money on a multi-car policy. You could save up to 25% if you have more than one vehicle insured with this insurer. Geico offers discounts to federal employees, military personnel and drivers who are good. Geico also offers discounts for customer loyalty, vehicle equipment, and driver affiliation.
  • Amica — Amica, based in Rhode Island, offers auto insurance in certain States. Multi-car insurance is available at a discount of up to 25%. Amica offers homeownership and loyalty discounts.

How do I get a multi-car quote

Online insurance quotes are available for multi-car drivers. For each driver of your policy, you may be required to enter the following information:

  • Social security number
  • Number of driver’s license
  • Distance to work
  • In the last five years, accidents, claims, and driving violations
  • You will need to identify the make, year, and model of every vehicle that you wish to insure.

Calling an agent can help you get a quote.

All drivers covered by the policy will need to be shared. It may take some planning to ensure you have all the information you need.

What coverage should you have on your multi-car insurance?

Both single-car and multiple-car policies must meet the same minimum coverage requirements. These minimum coverages are required under law and may vary from one state to the next. Most states require liability insurance. This will be included in your multi-car coverage. This coverage covers any damage you cause to a vehicle in an accident.