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Learn more about multi-car insurance, how it can save you money and some of the best multi-car insurance providers.
Car Insurance Discounts List
Author: Daniel Robinson Written by: Daniel Robinson Author Daniel is a writer for the Guides team and has written for several automotive news sites and advertising firms in the US, UK, and Australia, including automotive finance and automotive maintenance. Expertise in subjects. Daniel is the authority on the executive team on car insurance, loans, warranty options, car services and more.
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Edited by: Rashawn Michner, Edited by: Rashawn Michner Managing Editor Rashawn Michner is a Guide team editor with more than 10 years of experience covering financial and insurance issues.
Multiple car insurance can make your auto coverage easier and more affordable. We at the Guides team have reviewed the coverage options for several car brands and will highlight some of the best car insurance companies. We’ll also help you find the cheapest multi-car insurance to suit your unique needs.
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The Guide team is dedicated to providing reliable information to help you make the best decision about your car insurance. Because customers trust us to provide objective and accurate information, we have developed a comprehensive rating system to stock the highest quality car insurance companies. We have collected data on many auto insurance providers to provide companies with different types of positions. After 800 hours of research, the result was an overall rating for each provider, with insurers with the highest scores at the top of the list.
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For drivers interested in multi-car insurance discounts, we recommend World Financial, USAA, Erie Insurance, Geico and Nationwide. These providers offer many discounts, including the lowest average rates for minimum- and full-coverage car insurance, as well as savings on multi-car insurance.
The rates below are for a 35-year-old married driver with a clean driving record and good credit. Drivers in good standing may qualify for even lower rates on many car insurance policies. Discount rates vary by insurance company and policy. Ask about multi-car discounts when you get quotes from the top-rated insurance companies below.
Financial World offers some of the most affordable monthly insurance premiums for many different driver profiles, especially high-risk drivers. The company’s average closing price of $350 per year or $30 per month makes it a budget-friendly option. That’s not even counting World Money’s multi-car discount, which is one of thirteen available discounts.
Money World currently operates in 19 states and offers insurance products including usage-based insurance, collision and comprehensive coverage and more.
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USAA is known for offering low rates to military members and their families across the country. The company’s short-coverage rates are competitive, but full-coverage rates of $1,512 per year or $126 per month mean drivers looking for that level of coverage can get better deals elsewhere. However, discerning customers can avail discounts on many of the company’s vehicles as well as 13 other options.
Erie Insurance has low peak coverage rates of $330 per year or $33 per month in 12 states and Washington DC. making it an affordable option for drivers in Although this company has a small workplace, it boasts the best industry, customer satisfaction scores and overall quality. Many of the nine discount opportunities include discounts for vehicles.
Geico offers the cheapest low cost coverage in the 50 states with an average rate of $461 per year or $38 per month. The company has excellent industry ratings, an easy-to-use mobile app and up to 16 available discounts, including usage-based insurance discounts, multi-car discounts and more.
Nationwide offers two usage-based insurance plans and ten other discount opportunities, including multi-car discounts. The company also boasts of extra-coverage and other benefits including accident discounts and breakdown discounts. Nationwide’s low average comprehensive coverage cost of $1,433 per year or $119 per month makes the provider a great choice for drivers in 47 states.
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Multi-car insurance policies cover more than one car in one policy. These plans are available from many providers and often come with some kind of discount. Along with saving you money, multiple car insurance policies can simplify the process of paying your premiums. It’s easier to make one payment than to spread payments and due dates across multiple vehicles.
There are certain drawbacks that can affect a multi-car insurance policy. If a high-risk driver is added to your policy, it can result in higher premiums. It can also be difficult to tell how much of a discount is offered by a particular multi-car insurance provider. As always, comparing car insurance quotes from multiple providers and asking your insurance agent lots of questions are great ways to find the best rates.
Generally, multi-car insurance works the same as a single-car policy. Another important difference is how coverage types are distributed between vehicles on a multi-vehicle plan.
Bodily injury insurance and property damage liability coverage are shared, as are Medical Payment Protection (MedPay) and uninsured motorist coverage. Comprehensive coverage and collision coverage can be set separately to get cheaper multi-car insurance. This flexibility is a huge benefit if you want to insure new cars and high-mileage cars that you don’t want to keep with full coverage.
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You can include anyone you live with on your multi-car insurance. This usually means your spouse, children or other family members, but can also include your roommates. It’s a good idea to include the names of anyone who may be driving your car in the event of an accident.
According to our estimates, the average cost of full-coverage car insurance is $2,008 per year or $167 per month. With discounts for combining multiple vehicles into a single policy, you can expect to pay more than you would to cover one vehicle.
Keep in mind that auto coverage rates are determined by several factors. Here are some things providers look for when setting multi-car insurance premiums:
Some of these factors that determine money are out of your control. Ways you can apply for cheaper auto insurance include choosing lower coverage levels or coverage limits, choosing higher deductibles and bundling auto insurance with homeowners or renters coverage.
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Finding the lowest rates on car insurance is often a matter of comparing auto insurance quotes from multiple providers. The process is similar to finding the cheapest insurance rates on multiple cars. As you gather various insurance quotes, keep the following information with you:
Be sure to compare online quotes from different car insurance companies to see which can give you the best rates for covering multiple cars.
Many car insurance companies compete to offer the cheapest multi-car insurance rates. Because of this, you often get multi-car discount opportunities. Below are some providers that will lower your individual-car rate if you add more cars to your plan:
This list is not exhaustive, so if you are considering another provider, be sure to check with other car insurance agents in your area. You may also get some car insurance discounts that may outweigh the benefits of an insurer’s multi-car coverage option.
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If you want to find the cheapest multi-car insurance available, you’ll need to do some comparison shopping. Since not all providers offer the same discounts for multi-car coverage, you’ll want to ask a lot of questions before you buy.
Depending on the discount offered by the car insurance company, you can save money by keeping several cars together instead of taking out separate policies. As with shopping for a single-car auto insurance policy, it’s best to compare free quotes from multiple providers to find the lowest prices for multi-car insurance.
According to our pricing estimates, Geico offers lower average rates than Progressive for people with a clean driving record. Geico offers full-coverage auto insurance at an average price of $1,596 per year, while a full-coverage policy from Progressive averages $2,030 per year.
A person can own two cars. Multiple car insurance policies allow you to have multiple vehicles on one policy with the same provider. Cheap car insurance companies offer discounts for multiple cars, and it’s easy to have a starting and payment date.
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Multi-car insurance refers to policies that cover more than one car. Generally, these policies apply the same coverage terms to each vehicle, whether the program is limited or complete. Multi-car insurance policies get special discounts from multiple insurance providers.
Our research shows that the most popular top-rated insurance providers are Nationwide, USAA, Erie Insurance, Geico and Nationwide. Each provider has unique selection options, controls and coverage areas.
Discounts for multi-car insurance coverage vary by provider, driver and policy. For the main driver
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