Multi-car Insurance Discounts – Home › Shopping for Car Insurance › Best Car Insurance Companies › Best Car Insurance Companies for Multi-Car Families (2023)
Best Auto Insurance Companies for Multi-Car Families (2023) Some of the best auto insurance companies for multi-car families are State Farm, USAA, and Geico. These top multi-car insurance companies offer multi-car discounts of up to 25% and these insurance companies also have strong customer service ratings and strong financial standing.
Multi-car Insurance Discounts
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. He spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto and commercial and working directly with insurance clients to understand their needs. Meanwhile, he has used that knowledge from his more than ten years as a writer, primarily in insurance…
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Joel Ohman is the CEO of a private equity-backed digital media company. He is a Certified Financial Planner™, author, angel investor and serial entrepreneur who loves to create new things, be it books or businesses. He previously served as Founder and Resident at Real Time Health Quotes, a national insurance company. He holds an MBA from the University of South Florida. you…
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If you insure more than one car, it’s important to look at the best car insurance companies for a multi-car household and know how to get multi-car car insurance discounts from top insurance providers. The best companies for multi-car families make it easy to add and move cars and of course have low rates from the start.
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Which companies are the best choices if your garage floods? We’ll cover everything you need to know to find the best car insurance for multiple vehicles.
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17, 752 reviews 4.09 Best Auto Insurance for a Multi-Vehicle Discount: State Farm Average Monthly Rate for Good Drivers $86.00 A.M. Best Rating A+ Complaint Level Low » State Farm Auto Insurance Reviews 6, 429 Reviews 4.72 Cheapest Auto Insurance for Multi-Car Discounts: USAA Average Monthly Rate for Good Drivers $62.75 A.M. Best Rating A+ Complaint Level Low » USAA Auto Insurance Reviews 19, 116 Reviews 4.11 Runner Up Cheapest Car Insurance for a Multi-Car Discount: Geico Average Monthly Rate for Good Drivers $82.00 A.M. Best Rating A++ Complaint Level Com » Geico Auto Insurance Reviews
We collected the average rates from the top car insurance companies, and then the amount of discounts they offer for insuring multiple cars. We used those numbers to rank the top insurance companies for average savings.
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The cheapest rate does not always mean the best insurance company. Cheap rates are not a good deal if your claim is not paid.
To add reputation to the rankings, we also looked at customer reviews. Our top picks for multi-car families are the best companies at the best prices
There are many factors that affect car insurance rates, so any company’s average rate may not apply to you. The type of car you drive, your driving record and where you live all play a big role. This means that these companies are a great place to start, comparing rates for your own situation will help you find the best price.
Whether you need multi-car insurance for two drivers or need to find cheap multi-car insurance for five cars, the list below of the best multi-car insurance companies can help.
Multi Car Discounts: Everything You Need To Know
Which company is best for multi-car insurance? These companies offer lower rates with multi-car discounts that lower prices even further. They are extremely valuable.
Liberty Mutual’s average rate is the highest on our list, but region makes a big difference. There are states where Liberty Mutual is the cheapest option. This is a good reminder to always take averages with a grain of salt.
Liberty Mutual advertises that it lets you customize your auto insurance policy, which sounds like a great selling point, but is actually true for most insurance companies.
With a 10 percent discount for multiple cars, Liberty Mutual offers a good deal for insuring multiple cars. They may be the best option in your area.
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Travelers’ average rate is quite a bit lower than Liberty Mutual, so the low 8 percent discount doesn’t make it on the list. Travelers is also known for affordable home insurance, so they’re a good choice for consolidating all your insurance to save even more.
Travelers rank better with customers despite claiming lower JD Power satisfaction ratings. Again, regional differences may explain some of that discrepancy.
Farmers’ average rate is higher than most, and they don’t disclose the amount of their multi-vehicle discount. That makes it hard to say exactly how much you’ll save. That said, they have a long list of other discounts, which can all add up.
Boeren JD has an above average power claims satisfaction survey, some of the cheapest companies on the list. Read our Farmers Auto Insurance review for more information about the company.
Top Car Insurance Discounts
Progressive is the nation’s third largest auto insurance company and is often listed among the most affordable insurance companies. It was a pioneer in online rate comparison and was the first to let you compare other companies on its own website.
Progressive offers a 10 percent discount for insuring multiple cars and the option to easily change your policy online or through the app. If you shake a lot of cars, this is a big bonus.
A low average rate nationwide is $288 per month and an impressive discount of 20 percent if you insure more than one car. This is a big price reduction that will soften the shock of adding your teenager’s first car to your policy Nationwide makes it easy to manage adding and replacing vehicles to your policy through its app.
Nationwide offers many more discounts and is a one-stop shop for most of your insurance needs, even underwriting their own pet insurance, while most major companies do. If you want to keep all your insurance in one place, Nationwide can do it. Find out more in our nationwide car insurance review.
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American Family also doesn’t disclose the amount of their multi-car discount, but their rates are low on average, making any discount a good deal. They are known for rates that can vary widely by location, so get your own quote to compare.
American families are also known for different reputations by region. JD Power’s overall ranking of insurance companies is done by region, and American Family holds the top spot in the Southwest region, though it ranks poorly elsewhere.
State Farm is a giant in the insurance world, and it appears on most lists of best companies. That’s because despite being the largest company and still using the old-school captive agent system, State Farm has some of the best rates.
An average rate of $272 per month, a 20 percent discount for insuring multiple cars, and an agent’s personal service to help keep track of all those cars and their coverage is a combination that’s hard to beat. And State Farm delivers them with solid customer reviews, too.
Compare Multi Car Insurance Cover And Cost
It’s not uncommon to see Geico and State Farm battling it out. They are the two largest car insurance companies in the United States, and while State Farm leads in market share, it is Geico that beats State Farm for multi-car households.
Geico has the second lowest average rate of any company on our list, and when it comes to cheap rates, it’s a company that’s hard to beat. Add in a full 25 percent multi-car discount and all the easy mobile access to update and check policies, and Geico is a great choice if you don’t qualify for the number one company on our list.
USAA is consistently among the top and cheapest insurance companies. Unfortunately, it’s the least accessible of the companies on our list. You must be a current or former military member or family member to be eligible for coverage. If this is you, chances are, USAA will have the lowest rates for all of your vehicles.
USAA does not disclose the amount of its discount, but the average rate is $211, well below
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