Updated: January 23, 2025
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Bundling coverage in a multi-car insurance policy can yield significant savings. On average, insuring two vehicles under one policy can result in an annual savings of 52% or $736.
While Farmers and GEICO offer the lowest prices, MoneyGeek recommends Travelers and State Farm due to their robust discounts and exceptional customer service scores.
Buying multi-car insurance streamlines your insurance policies and can typically cover up to four cars garaged at the same address.
Why Trust MoneyGeek?
We gathered and analyzed over 750,000 quotes from 16 companies across 900 ZIP codes to find the cheapest multi-vehicle car insurance quotes. We also consulted several reputable sources to analyze the pros and cons of getting a multi-car insurance policy versus multiple individual insurance policies.
MoneyGeek found that GEICO offers the best value for budget-focused drivers overall at $1,407 annually. Nationwide trails slightly behind at $1,417, and Farmers offers a compelling 93% discount, landing at a $1,460 rate.
Read our research methodology to learn how we conducted our analysis.
MoneyGeek's research has identified that GEICO provides the cheapest multi-car insurance rate at $1,407 annually (52% discount), which makes it an appealing choice for budget-conscious individuals seeking to insure two or more cars on one policy at a discount.
| GEICO | $1,407 | $2,143 |
| Nationwide | $1,417 | $2,157 |
| State Farm | $1,426 | $2,075 |
| Farmers | $1,460 | $2,821 |
| Progressive | $1,555 | $2,530 |
| Travelers | $1,656 | $2,321 |
| Allstate | $1,685 | $2,543 |
Keep in mind that a few rates from GEICO's competitors aren't far from its low rate. For example, Nationwide's policy is only $10 more, and Farmers' insurance rate is only $53 more and offers an astounding 93% discount on its multi-car insurance policy.
The table below highlights that GEICO and Nationwide are often the most affordable providers across various states. However, notice the significant discounts available for multi-car policies compared to insuring two vehicles separately. For instance, Farmers in Florida offers a substantial 70% discount for multi-car coverage.
| Alabama | Nationwide | $1,122 | $1,734 |
| Alaska | State Farm | $1,099 | $1,605 |
| Arizona | GEICO | $945 | $2,075 |
| Arkansas | GEICO | $978 | $1,804 |
| California | Progressive | $1,328 | $2,393 |
| Colorado | GEICO | $939 | $1,772 |
| Connecticut | GEICO | $981 | $1,670 |
| Delaware | State Farm | $1,609 | $2,018 |
| District of Columbia | GEICO | $854 | $1,322 |
| Florida | Farmers | $1,615 | $5,341 |
| Georgia | Allstate | $1,213 | $2,035 |
| Hawaii | Farmers | $781 | $1,558 |
| Idaho | State Farm | $646 | $858 |
| Illinois | Progressive | $984 | $1,677 |
| Indiana | Farmers | $930 | $1,665 |
| Iowa | State Farm | $792 | $1,132 |
| Kansas | Nationwide | $911 | $1,377 |
| Kentucky | GEICO | $907 | $2,620 |
| Louisiana | GEICO | $1,823 | $4,520 |
| Maine | State Farm | $920 | $1,138 |
| Maryland | Progressive | $960 | $1,618 |
| Massachusetts | State Farm | $684 | $1,183 |
| Michigan | Progressive | $1,252 | $2,216 |
| Minnesota | Nationwide | $1,250 | $2,149 |
| Mississippi | Progressive | $1,164 | $1,711 |
| Missouri | Nationwide | $1,182 | $1,972 |
| Montana | Progressive | $743 | $1,248 |
| Nebraska | Farmers | $1,213 | $2,204 |
| Nevada | GEICO | $1,157 | $3,093 |
| New Hampshire | State Farm | $915 | $1,194 |
| New Jersey | GEICO | $1,472 | $2,469 |
| New Mexico | Nationwide | $1,111 | $1,991 |
| New York | Progressive | $1,445 | $1,693 |
| North Carolina | Nationwide | $917 | $1,302 |
| North Dakota | Nationwide | $895 | $1,367 |
| Ohio | GEICO | $777 | $1,382 |
| Oklahoma | State Farm | $1,361 | $1,885 |
| Oregon | GEICO | $1,128 | $2,152 |
| Pennsylvania | Nationwide | $1,119 | $1,599 |
| Rhode Island | State Farm | $1,035 | $1,509 |
| South Carolina | State Farm | $1,500 | $2,248 |
| South Dakota | Allstate | $1,132 | $1,560 |
| Tennessee | Farmers | $912 | $1,673 |
| Texas | State Farm | $1,377 | $1,622 |
| Utah | Farmers | $1,246 | $2,547 |
| Vermont | State Farm | $764 | $953 |
| Virginia | Nationwide | $997 | $1,486 |
| Washington | GEICO | $669 | $1,793 |
| West Virginia | State Farm | $1,228 | $1,767 |
| Wisconsin | GEICO | $812 | $1,185 |
| Wyoming | State Farm | $1,041 | $1,563 |
California law mandates that insurance companies provide a 20% discount to good drivers. If all drivers under the multi-car policy qualify, this can lead to substantial savings.
Though getting multi-car insurance quotes is similar to getting a quote for just one car, there are some key differences. It's important to remember that the choice should not be based solely on the initial premium cost.
Other factors, like coverage options, customer service quality, available multi-car discounts and the claim settlement process, also play a significant role in selecting the right multi-driver car insurance provider.
The rates we analyzed are averages for a married couple with two identical Toyota Camrys, so the cheapest car insurance company for you may be different.
While lowering your premium is an important factor when searching for multi-car insurance deals, other factors like claims satisfaction and customer experience are worthy of being considered. Below are the best multi-car insurance policies based on our analysis. Read our research methodology to learn how we came to these conclusions.
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Below are the best multi-car insurance policies based on our analysis. Read our research methodology to learn how we came to these conclusions.
MoneyGeek recommends Travelers and State Farm as the best car insurance providers for households with multiple cars and drivers. Our picks for the best car insurance companies are selected based on high customer service scores, strong financial stability and affordable rates. While these companies may not have the lowest rates, they balance affordability with robust coverage and great customer service while offering competitive discounts and strong value:
| Travelers | 93 | $1,656 | $2,321 |
| State Farm | 93 | $1,426 | $2,075 |
| Progressive | 93 | $1,555 | $2,530 |
| GEICO | 92 | $1,407 | $2,143 |
| Farmers | 92 | $1,460 | $2,821 |
| Nationwide | 92 | $1,417 | $2,157 |
| Allstate | 92 | $1,685 | $2,543 |
State Farm offers tailored insurance benefits. Emergency Road Service handles issues like flat tires while they cover car rental costs during repairs. Families insuring multiple vehicles get a discount, as do households with good-studying teens. This provider rewards safe driving habits and modern car safety features with additional discounts.
| GEICO | 84 | $2,936 | $5,463 | 46% |
| State Farm | 84 | $3,055 | $3,732 | 18% |
| Nationwide | 84 | $2,718 | $5,108 | 47% |
| Travelers | 83 | $3,436 | $5,622 | 39% |
| Progressive | 82 | $3,454 | $7,481 | 54% |
| Allstate | 81 | $3,292 | $6,583 | 50% |
| Farmers | 81 | $3,562 | $8,864 | 60% |
Average Annual Premium: $1,407
GEICO is ideal for bundling car insurance due to competitive premiums, discounts for safety features, good driver savings and member benefits. It also offers efficient claims processing, excellent customer service and a convenient mobile app for policy management.
Average Annual Premium: $1,656
Travelers offers standard car insurance discounts like bundling, multi-car and safe driving, along with unique ones such as new vehicle and loyalty. Hybrid drivers might also enjoy an alternative energy discount, showcasing Travelers' diverse offerings. Its customer satisfaction rating surpasses the industry average, making it a great choice.
Average Annual Premium: $3,055
State Farm offers tailored insurance benefits. Emergency Road Service handles issues like flat tires while they cover car rental costs during repairs. Families insuring multiple vehicles get a discount, as do households with good-studying teens. This provider rewards safe driving habits and modern car safety features with additional discounts.
These sections answer various questions and discuss some common considerations when getting multi-car insurance, including how to get a quote, who should be added to a multi-car insurance policy, and some multi-car insurance discounts.
In order to get the cheapest multi-car insurance available, follow these steps to get multiple car insurance quotes for more than one vehicle:
With two or more drivers, you’ll need the personal information of both, including full names, garaging addresses of the cars, driver’s license numbers, dates of birth and marital statuses. Necessary information for both vehicles includes the VIN, current mileage and trim package.
Your coverage needs may vary with each car insured. Typically, providers will allow you different coverage levels for each car. Determine how much coverage you need before moving on to the next step. MoneyGeek recommends purchasing more than your state minimum liability insurance to protect your finances in the event of an at-fault accident.
Whether you gather quotes online or through an agent, get at least three from different insurance companies. Use the same coverage limits with all companies, even if you choose different coverages for each car, to make sure you're comparing apples to apples.
After getting your quotes, compare them to see which is the best. Review price, coverage and discount offerings, financial stability and customer reviews to help make your decision.
Once you’ve determined the best insurance company, it’s time to purchase a multi-car insurance policy. Your insurance company can walk you through buying car insurance online after you receive a quote. If you’re working with an agent, they can help finalize your purchase.
When choosing the cheapest car insurance companies for a multiple-car insurance policy, you should consider several factors to ensure you get the best coverage at an affordable price. Here are some key considerations:
Check if the insurance company allows you to customize coverage for each vehicle based on individual needs. Some insurers may offer flexibility in coverage options for multiple cars.
If you have other insurance policies (e.g., home, renters) with an insurance provider, ask about bundling discounts for adding multiple car insurance policies.
Consolidating all vehicles and drivers under one multi-car policy can simplify administration and potentially result in cost savings.
Check if the insurance company underwrites policies locally in your state, which may lead to more tailored coverage options and competitive rates.
Be aware that insurance premium rates can vary by region within a state. Compare rates for different regions to ensure you get the best deal.
Some states may have unique incentives or programs that promote multi-car insurance or offer discounts for specific policy configurations.
A multi-car insurance policy offers a convenient way to cover multiple vehicles under one plan, often leading to discounts and streamlined management. However, it's not always the best fit for everyone. While bundling can mean reduced premiums and less paperwork, it may also mean higher premiums if your policy includes a driver with a poor driving record.
Pros
Cons
Deciding which cars to insure with comprehensive or collision insurance versus those with liability-only coverage depends on several factors:
Ultimately, it's about balancing the cost of premiums with the potential out-of-pocket costs and the value or importance of the car to you.
Insuring teens and young drivers, especially those under 25, can be expensive. Their limited driving experience and statistically higher risk of accidents often result in steeper premiums. Including them in your existing policy can significantly increase costs, making it essential to explore options and discounts tailored for this age group.
Securing family car insurance can yield substantial savings. Having a separate policy for your teen might cost an extra thousand dollars. Consolidating car insurance in one multi-car policy provides affordability and financial protection.
When securing multi-car insurance for a family, several factors come into play:
Every car on a multi-car policy is added to a single, streamlined policy and needs to meet the minimum car insurance requirements of the state. This ensures at least some coverage for any damages you may cause in an accident.
This coverage pays for injuries that you, as the at-fault driver, might cause to others in an accident. It can cover medical expenses, lost wages and even legal fees if a lawsuit ensues.
This coverage pays for damages you cause to someone else's property while driving. Typically, you use it for damages to other vehicles, but it can also cover damages to structures, like fences or buildings.
Not all drivers on the road have insurance, despite it being a legal requirement in many states. Uninsured motorist coverage compensates you if you're in an accident with such a driver who is at fault. It covers medical expenses and, in some cases, property damage. Notably, this coverage is not mandated in all states.
Liability-only insurance covers damages to others that you're responsible for. It includes:
All states require some form of liability insurance, with the exception of New Hampshire and Virginia. However, drivers are still responsible for the damages they cause and might need to prove their financial responsibility after an accident.
Drivers might choose more than liability-only coverage for enhanced protection against unforeseen expenses. Some optional coverages may not apply to all cars on a policy, allowing tailored protection.
Comprehensive coverage pays for damages to your vehicle caused by events that aren't collision-related. This can include theft, vandalism, natural disasters or hitting an animal.
As the name suggests, collision coverage pays for damages to your vehicle resulting from a collision, whether with another vehicle or an object like a tree or lamppost.
This coverage offers help when you experience a breakdown on the road. Services can include jump-starting a battery, tire changes, lockout assistance or towing to the nearest mechanic.
If your car is undergoing repairs due to a covered insurance claim, this coverage pays for the cost of renting a vehicle in the interim. It's a handy option for ensuring continuity in your daily routines.
Securing a multi-car insurance policy can result in significant savings, streamlined management and tailored coverage options. GEICO and Nationwide consistently offer competitive rates, with discounts up to 52%, while providers like Farmers excel in affordability for households with multiple vehicles.
By comparing quotes and understanding the benefits of multi-car insurance, including potential savings of up to $736 annually, drivers can make informed decisions to optimize coverage and reduce costs effectively. Ensure your policy fits your unique needs to maximize value and financial protection.
Below are some commonly asked questions about multi-car insurance policies:
Multi-car insurance is a type of policy that allows you to insure multiple cars with a single provider. It's a policy for multiple vehicles bundled into one plan. Typically, up to four cars garaged at the same address can be covered. Even if a teen is studying out-of-state, you can include their car if they park it at the home address and retain that permanent address. Providers don't restrict coverage to family — roommates or anyone living with you can be added, particularly if they also drive your vehicle. However, specific terms can vary by provider.
MoneyGeek found that GEICO and Nationwide offer the cheapest insurance rates for multi-car policies at $1,407 and $1,417 per month, respectively.
While it’s generally cheaper to insure under one provider, consider your circumstances. Do you have a luxury car that you want to provide with special coverage and add-ons? Does the second driver have a collision on their driving record? Situations like these may end up driving up your premiums.
Insuring multiple cars on one policy can save you as much as $736 a year.
Yes, providers allow you to apply different insurance coverages to different cars under your policy. Insure your older vehicle with liability-only insurance and full coverage on a car you’re still paying for.
It depends on the insurance company and the policy, but usually, you can't have multi-car insurance at different addresses.
Why Trust MoneyGeek? We gathered data from Quadrant Information Services and state insurance departments to determine the average cost of a multi-car insurance policy. We also consulted various reputable sources to analyze the pros and cons of getting a multi-car insurance policy versus multiple individual policies.
Study Overview:
To accurately calculate the average costs of insurance for multiple insurance policies, MoneyGeek gathered and evaluated rates using a sample driver profile.
Data Sources and Depth:
We examined 766,080 quotes across 900 ZIP codes from 16 companies using information from state insurance departments and Quadrant Information Services.
Driver Profile:
We calculated our multi-car discounts by finding the difference in price for a 40-year-old married couple insuring two Toyota Camrys on the same policy versus the same couple insuring the same cars on policies. Our driver profile is for someone with a clean driving record and a policy with liability limits of 100/300/100 and $1,000 deductibles for comprehensive and collision insurance.
We modified this profile for driver age, geographic location and driving history to discover rates for various driver profiles.
Coverage Levels and Deductibles Explained:
A deductible is the sum of money you pay when you file a claim before the insurance company’s payment kicks in.
Liability insurance only covers damage to other people's property. In contrast, full-coverage policies include comprehensive insurance, which covers damage to your car from events like weather and fire, as well as collision coverage, which pays for damage to your car if you collide with something or another vehicle.
The term 100/300/100 means:
Learn more about MoneyGeek's methodology.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a 5-time Jeopardy champion!
He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
