What is the cheapest way to insure two cars?

Asked by: Dr. Johnson Koch III  |  Last update: January 19, 2023
Score: 4.1/5 (60 votes)

BuyAutoInsurance.com points out that if you own more than one car, it's usually cheaper to insure them on one policy instead of multiple policies.
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These include:
  • Paying only one premium each month.
  • Dealing with only one set of paperwork.
  • Dealing with only one company.
  • Renewing your policy for all vehicles on a single day.

What is the best way to insure multiple cars?

The Best Car Insurance Company for Multiple Cars

MoneyGeek recommends GEICO and Allstate as the best car insurance companies for two or more cars and drivers. These companies offer the lowest rates for multi-car policies along with robust discounts.

How much is it to insure 2 cars?

How much does car insurance cost for two cars? The national average cost of car insurance for a two-car policy is $273 a month according to our research.

Is it expensive to add a second car to insurance?

Your insurance premiums will increase, but a multiple-car policy will almost always save money compared to buying two separate policies, leading to cheap auto insurance. When you insure multiple vehicles, the same policy will be used for each car when you file an insurance claim.

How does insurance work with 2 cars?

Can you have two car insurance policies on two different cars? Yes, you can have two car insurance policies on different vehicles, but you'll end up paying more money for insurance. Many insurance companies offer multi-car discounts to policyholders for insuring more than one vehicle.

2 Cars can actually save you $1000's of dollars and you may not even realize it.

32 related questions found

Can 1 person insure 2 cars?

Yes, multi-car insurance allows you to insure two or more cars on a single policy with the same provider. It can be a cheap and convenient way to get insurance if you have more than one car.

Can you insure 2 cars in your name?

If you are driving multiple cars, you are probably wondering how to get car insurance for two cars in your name. There is no limit to the number of cars you can own and insure in your name. So if you want to insure two cars in your name, that is not a problem.

Is it cheaper to insure 2 cars on one policy?

In general, it's usually cheaper to insure two or more vehicles on the same policy, better known as a multi-vehicle plan. This is because most insurance companies offer significant discounts for multi-car policies.

Can I insure two cars on separate policies?

Can You Have Two Car Insurance Policies Legally? While it is perfectly legal to have two car insurance policies on the same vehicle, your insurance company will not insure the same car twice. You will have to purchase a second insurance policy with a different insurance provider and pay both bills.

Are older cars cheaper to insure?

Are older cars cheaper to insure? Yes, most older cars are cheaper to insure, especially in terms of comprehensive and collision insurance. Cars lose value as they age, so the potential insurance payouts after an accident drop as well.

What is multi car discount?

How does multi car discount work? Insuring multiple cars on one policy will reward you with a multi car discount for every car you add. You'll get an immediate discount when the policy starts and every car you add earns its own discount. You can earn even more discounts by adding friends and family to the policy.

How many cars can I insure under my name?

While there is no set standard, most insurance companies will allow their customers to insure up to 4 drivers and 4 vehicles on a single policy. This does not mean that you cannot insure more drivers and/or vehicles with your car insurance company if that becomes necessary.

Does Geico offer discounts for multiple policies?

You could be eligible for a Multi-Policy discount if you have other insurance policies with GEICO. We could help you save money on your car insurance with several multi-vehicle combinations: Car + Motorcycle. Car + Condo.

What is progressive multi car discount?

Progressive offers a multi-car discount of up to 12% for customers who insure more than one car on the same policy. The Progressive multi-car discount is applied to the cost of coverage for each vehicle, but it doesn't compound.

Is it cheaper to insure 3 cars?

Multicar discounts are among the most common discounts in the industry because so many households own more than one car. BuyAutoInsurance.com points out that if you own more than one car, it's usually cheaper to insure them on one policy instead of multiple policies.

Can I use my NCD on 2 cars?

Unfortunately, you can only use one set of no claim discount on one vehicle at any time. To earn multiple sets of no claim discount you need to insure multiple vehicles at the same time.

Can I split my no claims between 2 cars?

But, you can request proof at any time and the insurer will supply it. Can I split my accumulated NCB across two cars? No. You can only use your exisiting NCB in one policy for one car, but you can build up a separate NCB in another car insurance policy for a second car.

Can I have no claims bonus on 2 cars?

Can you use your no-claims bonus on a second car? Technically, you can't use the same NCB on two cars at the same time. So if you're getting a 40% NCB discount on one car, you can't automatically use that discount on a second car. You can build up a separate no-claims discount on a second car.

Is it better to have joint car insurance?

When you and your partner have solid driving records and no recent gaps in coverage, a joint policy usually results in greater savings. Insuring multiple vehicles on the same policy may also qualify you for other insurance discounts* like multi-car discounts*.

Is Liberty Mutual cheaper than Geico?

Geico is a clear winner for affordable car insurance rates. Car insurance quotes from Geico are between 8% and 44% cheaper than those from Liberty Mutual. In addition, both minimum- and full-coverage policies from Geico are cheaper than the national average.

How can I lower my auto insurance?

Here are some ways to save on car insurance1
  1. Increase your deductible.
  2. Check for discounts you qualify for.
  3. Compare auto insurance quotes.
  4. Maintain a good driving record.
  5. Participate in a safe driving program.
  6. Take a defensive driving course.
  7. Explore payment options.
  8. Improve your credit score.

Does credit score affect car insurance?

A higher credit score decreases your car insurance rate, often significantly, with almost every company and in most states. Getting a quote, however, does not affect your credit. Your credit score is a key part of determining the rate you pay for car insurance.

How many cars can be added to an insurance policy?

Answer provided by. “Most companies allow you to add four or five cars to your insurance. There is no state-regulated limit for cars or drivers on a single policy, so it's solely up to the insurance provider.

Can I insure myself to drive someone else's car?

Yes, but you will have to tell the insurer you are not the owner or registered keeper when you apply. Some insurers will only offer you cover as the main driver if you are also the registered keeper of the car. However, many will insure you, so shop around and check the policy documents before you apply.

Do you have to live at the same address for multi car insurance?

All the cars included in a multi car insurance policy will typically need to be registered at the same address. However, some insurers will still offer cover for people living at separate addresses, for example if your children have moved to university.