Is it cheaper to insure 2 cars on one policy?
Asked by: Eladio Ferry | Last update: December 8, 2025Score: 4.8/5 (21 votes)
Is it cheaper to have two cars on one policy?
Because a single vehicle does not require additional coverage, the base price is less expensive with only one vehicle. However, adding additional vehicles can qualify you for the Multi-Car Discount which can help you save money on the total premium due when adding coverage for a second vehicle.
What is the cheapest way to insure multiple vehicles?
Normally the best way to get the best price on insuring multiple vehicles is to have them on the same policy. Most companies give a multi-car discount on the insurance. It also helps if you have a homeowners policy with the same company as that will also get a discount for having both auto and homeowners combined.
How much should insurance be for 2 vehicles?
The average cost for a two-car liability policy is $177 per month. USAA and State Farm are the cheapest insurers for two-car liability insurance policies, with respective averages of $78 and $90 per month. With a multi-car policy, you can have all your policy details for each car in one place.
How much does insurance go up with a second car?
This can range anywhere from 10% to 25%, depending on the provider and your coverage levels. If you're adding a second car to insurance and both vehicles meet the insurer's criteria, you could end up with a nice reduction in your overall premium.
2 Cars can actually save you $1000's of dollars and you may not even realize it.
How does car insurance work with 2 cars?
A multi-car policy is not a separate auto policy but one with a multi-car discount. Depending on the company, a multi-car discount can generally save you 10 to 25 percent on your total car insurance costs.
Does State Farm offer a multi-car discount?
Multiple autos
If two or more vehicles in your household are insured by State Farm and owned by related individuals, you could save as much as 20%.
Who normally has the cheapest car insurance?
Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.
How many cars can you have on your insurance policy?
How Many Cars Can You Have on One Insurance Policy? While there is no universal limit, most insurance companies will allow four or five vehicles to be listed on a single policy. Some companies may offer greater flexibility and accommodate more vehicles, while others may have stricter limitations.
What is the most expensive car insurance company?
Allstate
Allstate is one of the pricier major insurers in America, averaging as the most expensive out of the ten largest insurance providers. At $168 per month, covering a vehicle through Allstate costs $41 more than choosing another large auto insurance company. Esurance is an owned subsidiary of Allstate.
Is it cheaper to bundle two car insurance?
The primary reason to bundle insurance is to save money. Getting coverage for multiple policies with the same insurer almost always garners a discount. According to NerdWallet, multi-policy discounts average 18%. If your annual total expenditure for insurance is $5000, an 18% reduction means $900 in savings.
Is it cheaper to have 1 or 2 people on car insurance?
Every driver's history will affect the policy; your rates will rise if one driver exhibits reckless behavior. Listing multiple drivers on a single policy will generally be cheaper than maintaining two separate insurance policies.
Is it better to have joint car insurance or separate?
If you and your spouse have good driving records and no recent gaps in insurance coverage, you might save more overall by combining policies than by keeping them separate. You could save even more with a multi-car discount if you're insuring multiple vehicles.
How much does it cost to add another driver to insurance?
Most car insurance companies won't charge a fee to add more drivers to your policy, but each driver that you add to your policy impacts your policy price.
Can you have two cars in your name?
No set laws specify the number of vehicles you can own at one time. But other factors can affect your decision to own more than one vehicle, including financial implications, car insurance, storage, and need. It's not uncommon for someone to own more than one vehicle.
Is it better to have multiple cars on insurance?
Combining auto insurance plans into a multi-car insurance policy can provide better coverage for all of your household's cars, while the discounts for multiple vehicles help offset the costs of that better coverage.
Does Progressive have a multi-car discount?
Yes, you can earn a multi-car discount when you have more than one vehicle listed on your Progressive auto insurance policy. Just add any car belonging to a spouse, family member, or roommate to your policy, and you will receive the multi-car discount as long as the car is kept primarily at your address.
Who is cheaper, GEICO or Progressive?
GEICO is cheaper and has better ratings than Progressive. Your experience with GEICO and Progressive will vary based on individual rating factors.
At what age is car insurance cheapest?
Experienced drivers are less likely to have accident claims, which means they cost less to insure. At Progressive, the average premium per driver tends to decrease significantly from 19-34 and then stabilize or decrease slightly from 34-75. At age 75, the average premium begins trending upward.
Who is the #1 insurance company in the USA?
State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.
Do you get a discount for insuring two cars?
Cost savings: Many insurance companies offer a multi-car discount, which can lead to significant savings. The discount typically increases with the number of cars you add to the policy.
How much of a discount is State Farm Drive Safe and Save?
Why should I enroll in Drive Safe & Save? Enrolling in Drive Safe & Save may help you get an auto insurance discount up to 30% based on how you drive. You get a discount just for enrolling! Please talk to your State Farm agent or explore the FAQs below for more information.
How much does it cost to add a second car to insurance State Farm?
Best Car Insurance for Drivers With Two Vehicles
According to their research, these are the most affordable companies and how much they charge for a six-month premium covering two cars: State Farm: $1966. Allstate: $1137. GEICO: $651.