GEICO provides the most affordable full-coverage multi-car insurance at $1,407 annually. Nationwide is the second cheapest at $1,417, and State Farm follows at $1,426. Farmers delivers the best multi-car discount at 48%, saving families $1,361 compared to separate policies.
Cheapest Multi-Car Insurance Companies: Best 2025 Rates
Updated: November 12, 2025
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Cheap Multi-Car and Van Insurance: MoneyGeek's Take
GEICO leads with the cheapest multi-car rates at $1,407 annually, followed by Nationwide at $1,417. Farmers has the largest discount, saving drivers 48% compared to separate policies.
On average, insuring two vehicles under one policy results in an annual savings of 35% or $830. Multi-car insurance provides the best value for families with multiple vehicles.
The best multi-car insurance policies cover up to four vehicles at the same address with one consolidated payment and single renewal date, making cheapest multi-car coverage simple to manage.
Cheapest Multi-Car Insurance Companies
| GEICO | $1,407 | $2,143 | $736 | 34% |
| Nationwide | $1,417 | $2,157 | $740 | 34% |
| State Farm | $1,426 | $2,075 | $649 | 31% |
| Farmers | $1,460 | $2,821 | $1,361 | 48% |
| Travelers | $1,656 | $2,321 | $665 | 29% |
Cheapest Multi-Car Insurance Quotes by State
The cheapest multi-car insurance provider varies by state. GEICO leads in 13 states, while State Farm dominates 14 states. This means the best multi-car insurance choice depends on where you live.
Price differences between companies in each states are big. Ohio drivers see a $3,790 gap between the cheapest and most expensive multi-car policies. Louisiana residents see a $3,082 difference. Shopping around for the cheapest multi-car insurance in your state can save thousands annually.
| Alabama | Nationwide | 92 | $1,122 | $1,734 | $612 | 35% |
| Alaska | State Farm | 93 | $1,099 | $1,605 | $506 | 31% |
| Arizona | GEICO | 92 | $945 | $2,075 | $1,130 | 54% |
| Arkansas | GEICO | 92 | $978 | $1,804 | $825 | 46% |
| California | Progressive | 93 | $1,328 | $2,393 | $1,065 | 44% |
| Colorado | GEICO | 92 | $939 | $1,772 | $833 | 47% |
| Connecticut | GEICO | 92 | $981 | $1,670 | $689 | 41% |
| Delaware | State Farm | 93 | $1,609 | $2,018 | $409 | 20% |
| District of Columbia | GEICO | 92 | $854 | $1,322 | $468 | 35% |
| Florida | Farmers | 92 | $1,615 | $5,341 | $3,727 | 70% |
| Georgia | Allstate | 92 | $1,213 | $2,035 | $822 | 40% |
| Hawaii | Farmers | 93 | $781 | $1,558 | $777 | 50% |
| Idaho | State Farm | 93 | $646 | $858 | $212 | 25% |
| Illinois | Progressive | 93 | $984 | $1,677 | $693 | 41% |
| Indiana | Farmers | 92 | $930 | $1,665 | $735 | 44% |
| Iowa | State Farm | 93 | $792 | $1,132 | $340 | 30% |
| Kansas | Nationwide | 92 | $911 | $1,377 | $466 | 34% |
| Kentucky | GEICO | 92 | $907 | $2,620 | $1,714 | 65% |
| Louisiana | GEICO | 92 | $1,823 | $4,520 | $2,697 | 60% |
| Maine | State Farm | 93 | $920 | $1,138 | $218 | 19% |
| Maryland | Progressive | 93 | $960 | $1,618 | $658 | 41% |
| Massachusetts | State Farm | 93 | $684 | $1,183 | $499 | 42% |
| Michigan | Progressive | 93 | $1,252 | $2,216 | $964 | 44% |
| Minnesota | Nationwide | 92 | $1,250 | $2,149 | $900 | 42% |
| Mississippi | Progressive | 93 | $1,164 | $1,711 | $547 | 32% |
| Missouri | Nationwide | 92 | $1,182 | $1,972 | $790 | 40% |
| Montana | Progressive | 93 | $743 | $1,248 | $505 | 40% |
| Nebraska | Farmers | 92 | $1,213 | $2,204 | $991 | 45% |
| Nevada | GEICO | 92 | $1,157 | $3,093 | $1,936 | 63% |
| New Hampshire | State Farm | 93 | $915 | $1,194 | $279 | 23% |
| New Jersey | GEICO | 92 | $1,472 | $2,469 | $997 | 40% |
| New Mexico | Nationwide | 92 | $1,111 | $1,991 | $879 | 44% |
| New York | Progressive | 93 | $1,445 | $1,693 | $248 | 15% |
| North Carolina | Nationwide | 92 | $917 | $1,302 | $386 | 30% |
| North Dakota | Nationwide | 92 | $895 | $1,367 | $471 | 34% |
| Ohio | GEICO | 92 | $777 | $1,382 | $606 | 44% |
| Oklahoma | State Farm | 93 | $1,361 | $1,885 | $524 | 28% |
| Oregon | GEICO | 92 | $1,128 | $2,152 | $1,024 | 48% |
| Pennsylvania | Nationwide | 92 | $1,119 | $1,599 | $481 | 30% |
| Rhode Island | State Farm | 93 | $1,035 | $1,509 | $474 | 31% |
| South Carolina | State Farm | 93 | $1,500 | $2,248 | $747 | 33% |
| South Dakota | Allstate | 92 | $1,132 | $1,560 | $427 | 27% |
| Tennessee | Farmers | 92 | $912 | $1,673 | $760 | 45% |
| Texas | State Farm | 93 | $1,377 | $1,622 | $245 | 15% |
| Utah | Farmers | 92 | $1,246 | $2,547 | $1,301 | 51% |
| Vermont | State Farm | 93 | $764 | $953 | $190 | 20% |
| Virginia | Nationwide | 92 | $997 | $1,486 | $488 | 33% |
| Washington | GEICO | 92 | $669 | $1,793 | $1,124 | 63% |
| West Virginia | State Farm | 93 | $1,228 | $1,767 | $540 | 31% |
| Wisconsin | GEICO | 92 | $812 | $1,185 | $372 | 31% |
| Wyoming | State Farm | 93 | $1,041 | $1,563 | $522 | 33% |
Cheapest Multi-Car Insurance Quotes for Families
Nationwide offers the cheapest multi-car insurance for families with teenage drivers across all age brackets from 16 to 24. Annual premiums range from $1,565 to $2,718 depending on the driver's age. Multi-car policies save these families $400 or more annually compared to individual policies and you an add good student discounts.
GEICO ranks close behind with rates $50 to $200 higher than Nationwide. The exception is 18-year-old drivers, where GEICO's multi-car insurance costs $2,431 versus Nationwide's $2,476, making GEICO the better choice for that specific age group.
Data filtered by:
16
| GEICO | 84 | $2,936 | $5,463 | $2,527 | 46% |
| State Farm | 84 | $3,055 | $3,732 | $678 | 18% |
| Nationwide | 84 | $2,718 | $5,108 | $2,390 | 47% |
| Travelers | 83 | $3,436 | $5,622 | $2,186 | 39% |
| Progressive | 82 | $3,454 | $7,481 | $4,027 | 54% |
| Allstate | 81 | $3,292 | $6,583 | $3,291 | 50% |
| Farmers | 81 | $3,562 | $8,864 | $5,301 | 60% |
MONEYGEEK EXPERT TIP
Insuring a teen driver is expensive due to their limited driving experience and statistically higher risk of accidents. It is cheaper to insure a teen driver by adding them to your current policy than buying s separate policy.
Best Cheap Multi-Car Insurance Companies
We recommend five top insurers for families with multiple vehicles: Travelers, State Farm, GEICO, Nationwide and Farmers. These companies balance rates, customer support, coverage choices and claims.
If you're looking for the lowest rates, GEICO typically wins. State Farm and Travelers cost slightly more, but they deliver strong overall value for what you pay. Nationwide falls in the middle for pricing and has extensive agent coverage. For families with several cars, Farmers offers multi-vehicle discounts that can reduce costs by up to 48%.
Travelers: Best Multi-Car Insurance Overall
Travelers
MoneyGeek Score:
93/ 100
Multi-Car Insurance Cost$1,656
Two Single Driver Cost$2,321
Overview
Travelers ranks fifth for affordability with an average annual multi-car premium of $1,656 but earns our highest overall MoneyGeek score of 93 out of 100. Its 40% multi-car discount is lower than competitors', but drivers can maximize savings through the Intellidrive program, which offers up to 30% additional discount for multi-vehicle households with safe driving habits.
If someone on your policy is involved in an accident, the insurer's Premier Responsible Driver Plan distinguishes Travelers by including accident forgiveness, minor violation forgiveness and a decreasing deductible benefit. This makes it a good choice for families with young drivers. Hybrid drivers might also enjoy an alternative energy discount, showcasing Travelers' diverse offerings.
What Customers Appreciate
- Premier Responsible Driver Plan benefits
- Excellent coverage options
- Intellidrive program for additional savings
- Strong claims satisfaction ratings
- Comprehensive policy management tools
Areas for Improvement
- Higher premiums than budget-focused competitors
- Lower multi-car discount percentage
State Farm: Best Multi-Car Insurance for Families
State Farm
MoneyGeek Score:
84/ 100
Family Premium$3,055
Individual Premium$3,732
Overview
State Farm offers the third-cheapest multi-car insurance with an average annual premium of $1,426. It excels in personalized service through its extensive network of local agents.
Multi-car policyholders particularly benefit from State Farm's Drive Safe & Save program, which uses telematics to provide additional discounts based on driving habits. The company's Steer Clear program offers further savings for young drivers, making it a good choice for families with teens or college students.
What Customers Appreciate
- Local agent support for personalized service
- Transparent pricing structure
- Strong mobile app functionality
- Drive Safe & Save program for additional savings
- Smooth claims process
Areas for Improvement
- Rates can be higher for drivers with poor credit
- Limited policy bundling options in some states
GEICO: Cheapest Multi-Car Insurance Overall
GEICO
MoneyGeek Score:
92/ 100
Multi-Car Insurance Cost$1,407
Two Single Driver Cost$2,143
Overview
GEICO delivers strong value as America's cheapest multi-car insurance provider, charging $1,407 annually while maintaining a strong 92 MoneyGeek score. Its multi-car insurance includes a 34% multi-vehicle discount that combines with additional savings for good drivers, military members and federal employees.
GEICO excels in customer experience with an intuitive mobile app, 24/7 customer service and efficient claims processing across all vehicles.
What Customers Appreciate
- Straightforward online quote process for multiple vehicles
- Consistent pricing across different states
- User-friendly mobile app for managing all vehicles
- Quick claims processing
- Clear explanation of coverage options
Areas for Improvement
- Limited personalized support compared to agent-based insurers
- Fewer coverage customization options than some competitors
Nationwide: Best Multi-Car Policy Discounts
Nationwide
MoneyGeek Score:
92/ 100
Multi-Car Insurance Cost$1,417
Two Single Driver Cost$2,157
Overview
Nationwide offers the second-cheapest multi-car insurance with an average annual premium of $1,417, just $10 more than GEICO. Its multi-car discount averages 34%, providing good savings for households with multiple vehicles.
It has comprehensive coverage options and an accident forgiveness feature, which prevents your premium from increasing after your first at-fault accident. The insurer's vanishing deductible program is valuable for multi-car policies, as it reduces your deductible by $100 for each year of safe driving, up to $500, and its SmartRide program provides additional discount opportunities based on your driving habits.
- Consistent pricing across different vehicle types
- Straightforward claims process
- Strong mobile app functionality
- Vanishing deductible benefit
- Accident forgiveness inclusion
Areas for Improvement
- Limited coverage options in some states
- Higher premiums for drivers with recent accidents
Farmers: Best for Multi-Car Policies with Different Coverage Levels
Farmers
MoneyGeek Score:
92/ 100
Multi-Car Insurance Cost$1,460
Two Single Driver Cost$2,821
Overview
Families can customize protection through Farmers' comprehensive coverage options, selecting different protection levels for each vehicle in their multi-car policy.
Those bundling multiple vehicles save well, with Farmers offering the industry's highest discount at 48%. This saves families over $1,361 annually compared to separate policies, even though its base premiums aren't the lowest.
What Customers Appreciate
- Extensive customization options for different vehicles
- Strong coverage for specialty and collector vehicles
- Declining deductible benefit
- Helpful local agents with multi-car expertise
- Transparent policy explanations
- Consistent service across claims types
Areas for Improvement
- Higher base rates before discounts
- Digital tools are less robust than industry leaders
- Inconsistent customer service quality between agents
Is Multi-Car Insurance Cheaper?
Multi-car policies save families around $830 annually on average. Some states offer discounts up to 54%, putting savings over $2,000 per year. Check the interactive map to see how much you can save in your state
Hover over the map to see data for a state
When Multi-Car Policies are Cheaper and Make the Most Sense
Multi-car policies are the cheapest insurance option for households where all drivers maintain clean records and vehicles are garaged at the same location. The average household saves $500 to $830 annually with multi-car bundling. However, individual policies may be more cost-effective in certain situations.
Multi-Car Makes Sense:
- All drivers have clean driving records
- Vehicles are similar types without specialty coverage needs
- All vehicles are garaged at the same address
- Savings: $500 to $830 annually
Individual Policies Make Sense:
- Mixed driver risk profiles (high-risk drivers paired with experienced drivers)
- Specialty vehicles requiring unique coverage (classic cars, high-performance vehicles, electric vehicles)
- Vehicles garaged at different locations
- Adding one driver would increase the bundled premium more than an individual policy costs
- Cost difference is significant enough to offset losing multi-car discounts (5% to 25%)
How to Get Cheap Multi-Car Insurance Rates
Here's are the strategies get the best cheap multi-car insurance rates for your specific situation:
- 1Determine Your Coverage Needs
If you have newer, more expensive cars, collision and comprehensive coverage are recommended. Consider these factors:
- Value of the car: Older cars worth less than your deductible plus annual premium might only need liability coverage. This strategy will reduce your multi-car policy costs.
- Loan/lease status: Lenders require comprehensive and collision coverage for financed or leased vehicles.
Purchase more than your state minimum liability insurance to protect your finances in an at-fault accident.
- 2Consider Raising Your Deductibles
Increasing your deductible from $500 to $1,000 lowers cost by 10% to 15% for a multi-car policy.
- 3Stack Multiple Discounts
Stack these discounts on top of your multi-car savings:
- Bundling Discounts: Combine your multi-car policy with homeowners or renters insurance to save 5% to 25%. Some insurers also offer a single deductible if the home and car are damaged in the same incident.
- Family & Driver Perks: Get discounts for good students (typically 10% to 15% off for B averages or better). Married couples also often qualify for immediate lower rates.
- Payment & Loyalty Savings: Pay your annual premium upfront (5% to 10% savings) to avoid installment fees and enroll in automatic payments for another 3% to 5% reduction.
- Vehicle & Membership Discounts: Anti-theft devices and safety features save 3% to 10%. AAA, alumni associations, professional groups, and military service offer 3% to 8% additional discounts
- 4Get Quotes and Compare
Get at least three quotes from different insurance companies using the same coverage limits. Insurance premium rates can vary by hundreds of dollars for identical coverage, even within the same state.
Factors Affecting Multi-Car Insurance Rates
Multiple factors affect your multi-car household premium. Here's how each one impacts your rates:
Driver Profiles
Each driver's age, driving history, and credit score, impact your multi-car policy rate. Adding a high-risk driver (such as a teenager or someone with multiple violations) will increase rates despite the multi-car discount and it can make sense to have a seperate policy for this driver.
Vehicle Types
The make, model, year and safety features of each vehicle impact your rates. Newer expensive cars cost more, while older vehicles with lower values may need only liability coverage. You can choose different coverage levels for each car to control costs.
Coverage Selection
You can save by choosing different coverage types and limits for each vehicle. For example, you might select comprehensive coverage for a new SUV but liability-only for an older sedan used less frequently.
Location
Your state, city, and even ZIP code impact your multi-car policy cost. Urban areas have higher premiums due to increased accident and theft risks, while rural areas often see lower rates.
Usage Patterns
How much you drive each vehicle affects your rates. Some insurers offer low-mileage discounts or usage-based insurance options that can lead to additional savings for vehicles driven less frequently.
Multi-Car Insurance: Bottom Line
Securing a multi-car insurance policy results in substantial savings, streamlined management and tailored coverage options. GEICO and Nationwide consistently offer competitive rates, while providers like Farmers excel in affordability for households with multiple vehicles.
Compare quotes and understand the benefits of multi-car insurance, including potential savings of up to $736 annually, to optimize coverage and reduce costs.
Multi-Car Insurance: FAQ
Below are some commonly asked questions about multi-car insurance policies.
How does multi-car insurance work?
Multi-car insurance is a policy that lets you insure multiple vehicles with a single provider under one streamlined multi-car cover plan. Multi-car policies can cover up to four cars garaged at the same address, with each vehicle receiving customized coverage levels while benefiting from multi-car discounts.
What company offers the cheapest multi-car policy?
MoneyGeek found that GEICO and Nationwide offer the cheapest multi-car insurance rates at $1,407 and $1,417 per year, respectively. When comparing multi-car policies, these providers deliver the best value for families seeking affordable multi-car insurance.
Are multi-car insurance policies cheaper?
Multi-car policies are 30% to 48% cheaper than separate policies, making multi-car coverage a good choice for most families. Consider your specific circumstances when choosing multi-car insurance: luxury vehicles might benefit from specialized coverage, while drivers with violations could impact the entire policy rates.
How much can multi-car coverage save compared to individual policies?
Multi-car coverage saves families $500 to $830 annually compared to separate policies. The exact savings depend on your location, vehicles and chosen provider, with some families saving up to 48% through multi-car discounts.
Can I have different coverage levels under one multi-car policy?
Yes, providers allow you to apply different insurance coverages to different cars under your policy. Insure your older vehicle with liability-only insurance and full coverage on a car you’re still paying for.
Can you have a multi-car insurance policy at different addresses?
This depends on the insurance company and policy, but usually, you can't have multi-car insurance at different addresses.
Can I get different coverage levels with multi-car insurance?
Yes, multi-car insurance policies allow different coverage levels for each vehicle. You might choose comprehensive coverage for newer cars and liability-only for older vehicles within the same policy.
What is the cheapest vehicle to add to a multi-car policy?
The cheapest vehicle options for multi-car insurance include compact sedans like the Toyota Camry and Honda Civic, which offer excellent safety ratings and low claim frequencies. When selecting the cheapest vehicle for your policy, consider strong safety records, low theft rates and affordable repair costs.
Best Insurance for Multiple Vehicles: Our Ratings Methodology
Families with multiple vehicles need reliable rate data showing which providers offer genuine savings without sacrificing quality coverage. Multi-car insurance can save households $500 to $830 annually, but only if you choose the right provider and coverage levels for your situation.
We gathered data from Quadrant Information Services and state insurance departments to calculate average multi-car insurance costs, then evaluated rates using a sample driver profile representing typical family coverage needs.
We examined 766,080 quotes across 900 ZIP codes from 16 companies using information from state insurance departments and Quadrant Information Services. This comprehensive view helped us identify which providers offer the best value for families with multiple vehicles.
Our sample driver profile: a 40-year-old married couple with clean driving records insuring two Toyota Camrys. We calculated multi-car discounts by comparing the cost of insuring both vehicles on one policy versus separate policies.
Coverage specifications: 100/300/100 liability limits with $1,000 deductibles for comprehensive and collision insurance. We modified this profile for driver age, geographic location and driving history to calculate rates for different driver profiles.
Understanding the numbers: A deductible is the amount you pay when you file a claim before the insurance company's payment kicks in. The term 100/300/100 means $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 property damage liability.
Liability insurance covers damage to other people's property. Full-coverage policies include comprehensive insurance, which covers damage to your car from weather and fire, and collision coverage, which pays for damage to your car if you collide with something or another vehicle.
Learn more about MoneyGeek's methodology.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.