Multi-Car Insurance Discount: How to Qualify, Potential Savings, and More
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Written byMandy Sleight
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Mandy Sleight has over 15 years of insurance knowledge and expertise in auto, home, life, health, pet, supplemental benefits, and other insurance products. She’s a sought-after insurance expert, appearing in Bankrate.com, Moneygeek.com, U.S. News & World Report, Reviews.com, CNET, and other publications, and she's been writing for Compare.com since 2023.
Mandy uses her background and experience working for well-known insurance companies like State Farm and Nationwide Insurance to create engaging and easy-to-understand content that helps readers make smarter insurance choices that have a positive effect on their budgets and finances.
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Edited byNick Versaw
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Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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Most auto insurance companies offer a multi-car discount, which lowers your premium if you insure more than one vehicle on the same policy or with the same insurer. Though discount amounts vary by insurer and state, you can typically save up to 25%. AAA, Direct Auto, and GEICO are just a few companies offering a multi-vehicle discount.
Here’s what you need to know about how much you can save, how and where to get a multi-car discount, and other ways to get cheaper car insurance with maximum savings.
How Much You Can Save With a Multi-Car Discount
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The savings on a multi-car insurance policy vary by state and insurance company — most insurers offer up to 25% savings, but some offer more. For example, you can save up to 27.3% on some coverages with AAA, according to the insurer’s website. And Elephant offers savings of up to 39% on a multi-car policy.
The discount amount may also increase for each additional vehicle you add to your policy. For instance, Nationwide’s Family Plan raises the discount for each additional car, though its website doesn’t show how much more you can save per vehicle.
How to Get a Multi-Car Discount
Adding a multi-car discount to your car insurance policy is relatively easy. In fact, most insurers include it automatically when you add a second vehicle. But eligibility for a multi-vehicle discount may vary by state or insurance company.
For example, you may be eligible for a multi-car discount only if the second vehicle is registered at the same address. An insurer might also restrict eligibility to spouses or immediate family members, while others, like Progressive and Direct Auto, may extend the discount to roommates and other unrelated drivers who share the same address.
Where you live also matters. For instance, in North Carolina only registered vehicle owners can be listed on the same auto insurance policy. So if you own one car and your roommate owns the other, you might not qualify for a multi-car discount — or even be able to share a policy. It’s a good idea to check with your insurance company to find out how to qualify.
To get a multi-car discount, you’ll need to have at least two vehicles on your policy. Depending on your insurer, you can add vehicles online, through a mobile app, or by calling your insurance agent or company’s customer service department. Have your VIN, effective date, and lienholder or leaseholder name and address (if you’re financing or leasing the vehicle) handy.
Where to Get a Multi-Car Discount
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One of the most common insurance discounts is the multi-car discount. The table below shows the advertised discount amount from various car insurance companies, based on our research.
Company  | Advertised Discount |
|---|---|
| Elephant | Up to 39% |
| AAA | Up to 27.3% on select coverages |
| Amica | Up to 25% |
| GEICO | Up to 25% |
| Direct Auto | Up to 25% |
| State Farm | Up to 20% |
| Progressive | Average of 12% |
| Liberty Mutual | Varies |
| Travelers | Varies |
| Nationwide | Varies |
| American Family | Varies |
| USAA | Varies |
Comparing car insurance quotes from multiple companies can ensure you get the best coverage at the cheapest price. It’s a good idea to start with the companies offering the largest multi-car discounts.
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Which companies offer the largest multi-car discounts?
More than 58% of American households have two or more vehicles, according to data from the most recent U.S. Census Bureau survey. You can usually save money by insuring all household drivers and vehicles with the same insurer to take advantage of discounts like the multi-car discount.
Here are a few of the auto insurance companies offering the largest discount amounts, according to our research.
Elephant
Maximum advertised savings: 39%
Elephant offers a multi-car discount on each vehicle you insure on a single policy, providing up to 39% in savings on your car insurance. You can save even more with other discounts for going paperless, signing your policy electronically, getting a quote online, and working from home.
Though coverage limits for liability insurance and uninsured motorist coverages must match, you can customize your collision and comprehensive coverage deductibles by vehicle. Your Elephant policy can also cover unrelated household members, like a partner or roommate.
AAA
Maximum advertised savings: 27.3%
AAA auto insurance provides up to 27.3% in savings when you insure more than one vehicle on the same policy. A knowledgeable AAA agent can help you determine which coverage options best fit your situation, what coverage types make the most sense, and whether full-coverage car insurance is worth the cost.
You may also qualify for other valuable discounts for things like being a good student, having or being a student away at school, having low mileage, taking a driver training class, and being a good driver with a clean driving record.
Amica
Maximum advertised savings: 25%
Amica offers several discounts — including a multi-car discount — which can help you save up to 25% on car insurance. You can also get a discount for bundling your auto with home insurance or life insurance, being a homeowner, and being a loyal Amica customer.
If you’re in the market for a new car, Amica also offers discounts for driving a car with anti-theft devices, electronic stability control, adaptive headlights, or forward-collision warnings.
How to Maximize Your Multi-Car Discount Savings
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Though you can save a decent amount when you insure multiple vehicles with the same company, factors like your age, driving record, and claims history significantly affect the cost of car insurance. Here are some ways you can maximize your discount savings when you have more than one vehicle:
Understand your coverage needs: You can still qualify for a multi-discount and tailor your policy to your specific situation. Though new cars usually need full coverage, you might not need comprehensive or collision coverage for an older car.
Keep a clean record: You’ll get the lowest rates the longer you go without getting a ticket or causing an accident. You can also protect your rates with accident forgiveness, which prevents an increase if you cause an accident in the future.
Compare quotes often: Just because one company has a better multi-car discount doesn’t mean it has the lowest rate. Comparing quotes from different companies can ensure you get the best rate for your coverage needs. We recommend doing so every six months.
Other Common Car Insurance Discounts
Most insurers allow you to stack car insurance discounts to get the most savings possible. Here are some other common discounts you may qualify for:
Multi-policy: Bundling your car insurance with home or another insurance policy can make keeping track of your policies easier and land you a multi-policy discount.
Good student: Full-time students with a B or above grade average can qualify for a good student discount.
Safe driver: You can get a good driver discount when you avoid tickets and accidents for a specified length of time.
Paid-in-full: Pay your premium in full so you don’t have to remember monthly payments and you may save with the paid-in-full discount.
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Multi-Car Discount FAQs
We answered a few of the most commonly asked questions about getting a multi-car discount to help you maximize your savings.
Is it cheaper to get multi-car insurance?
A single-car insurance policy is cheaper overall if you only have one car. But if you have two or more cars, the cheapest way to get coverage is usually with a multi-car insurance policy. That said, insurance companies may have different rules to qualify, so it’s worth comparing quotes from various insurers to find the most affordable car insurance.
How big is a multi-car discount?
The maximum multi-car discount amount varies by state and insurance company. Most insurers offer up to 25% in savings if you insure at least two cars on the same policy. But Elephant has the biggest multi-car discount, offering up to 39% savings on your insurance coverage.
How do you get a multi-car discount?
You can get a multi-car discount by insuring more than one vehicle with the same insurance company. Most companies will apply the discount automatically after you add a second vehicle to your policy.
The number of cars you can add to a single policy varies by insurer but is usually five or fewer. Eligibility requirements vary by company and state.
Is it cheaper to bundle car insurance?
Generally, yes. It’s usually cheaper to bundle car insurance with another policy, such as home, motorcycle, or life insurance. When you bundle multiple insurance products with the same insurer, you’re eligible for a multi-policy discount, which can typically save you up to 25% on your car insurance.
Sources:
United States Census Bureau, “Physical Housing Characteristics for Occupied Housing Units,” accessed October 5, 2024.
Insurance Information Institute, “What determines the price of an auto insurance policy?,” accessed October 5, 2024.
Insurance Information Institute, “Nine ways to lower your auto insurance costs,” accessed October 5, 2024.
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Mandy SleightInsurance Writer
Mandy Sleight has over 15 years of insurance knowledge and expertise in auto, home, life, health, pet, supplemental benefits, and other insurance products. She’s a sought-after insurance expert, appearing in Bankrate.com, Moneygeek.com, U.S. News & World Report, Reviews.com, CNET, and other publications, and she's been writing for Compare.com since 2023.
Mandy uses her background and experience working for well-known insurance companies like State Farm and Nationwide Insurance to create engaging and easy-to-understand content that helps readers make smarter insurance choices that have a positive effect on their budgets and finances.
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.