How much can you save with multi-car policy?
We compared rates from the top car insurance companies and found that you can save up to 25% on most coverages with multi-car policy. Though, the amount you'll save when buying a multi-car insurance policy varies by insurer and state.
What are the advantages of a multi-car insurance policy?
Multi-car policies allow you to save by putting all of your vehicles on one plan. With multi-car, your policy-level coverages, such as liability, extend to all vehicles on the policy. Vehicle-specific coverages, such as collision and comprehensive, can be different for each car.
You also have the ability to stack insurance coverages. For states where it's available, stacking coverage means you are allowed to take advantage of the total amount of your coverage at any time. The most common options are for Under Insured Motorist (UIM) and Personal Injury Protection (PIP) coverage. All of the vehicles on your policy will come as a single billing statement. These statements will typically be itemized for each vehicle covered, so you don't have to do any extra work when splitting the cost of insurance with others and deciding how much everyone owes.