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Multiple car insure

Car insurance companies often offer discounts to customers who give them more business, meaning those who insure multiple vehicles or even combine multiple lines of insurance, such as homeowners insurance, with their auto insurance.

Read below to find out how you can save money and simplify your life by taking advantage of multivehicle and/or multi-line discounts.

Multivehicle Discounts

Most car insurance companies will offer discounts for insuring more than one vehicle on the same insurance policy.

To qualify for this multivehicle discount, all of the vehicles you're looking to place on the policy must be:

  • Insured by the same company.
  • Example: If you have 3 cars covered by 3 different insurance providers, you'll need to cancel 2 policies and consolidate under a single carrier.
  • Under the policyholder's name.
  • Driven only by that person, or by family members living in that person's household.
  • Currently used (not placed in storage).
  • Insuring multiple vehicles on one policy can greatly benefit you if you are paying for a teenage driver in your house who has an individual policy. Because it costs more to insure a teenage driver due to a higher risk of accidents, you can save money by adding the teen's vehicle to your policy.

    If your provider does not offer a multivehicle discount, consider getting car insurance quotes from a new insurance company.

    NOTE: Keep in mind that all insurance companies have different benefits and restrictions. For example, some providers may limit this discount to 4 vehicles per policy.

    Bundling Discounts

    Having a multi-line policy, or “bundling" your coverages, can help you save big on your car insurance.

    Most car insurance companies will offer significant savings to those who choose to combine their auto insurance with one or more of the following:

  • Homeowners insurance.
  • Condo insurance.
  • Manufactured home insurance.
  • Renters insurance.
  • Life insurance.
  • Insurance for other vehicle types (such as motorcycle, RV, or boat).
  • If you are thinking about getting a new line of insurance due to a life change (such as buying a new home), contact your auto insurance provider directly to inquire about adding another line of insurance to your policy for a bundling discount.

    Conversely, if you already have any of the above policies through a different company, talk with your auto insurance agent about how switching your coverage to your car insurance company might help you lower your insurance rates.

    Bundling your insurance may save you money on your premium (and sometimes even your deductibles), PLUS it can save you time and energy. Having multiple lines of insurance covered by one insurance company can be much more convenient than managing various policies through different providers.

    Because keeping your insurance all on one policy can be easier to manage, you are LESS likely to have a gap in your coverage. Coverage gaps can lead to:

    Comparing Car Insurance

    Comparison-shopping for your car insurance can make sure you get the best coverage and discounts available to you.

    When comparing insurance rates, be sure to:

  • Compare packages with the same deductibles and types of coverage.
  • Insurance Finder

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