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Multi car discount - what is it?

Updated: 8/16/2019
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16y ago

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MULTI CAR DISCOUNT A discount offered by some insurance companies for those with more than one vehicle insured on the same policy. In some cases, if you drive a company car insured by your company, your own insurance company may give you the multi-car discount.

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Q: Multi car discount - what is it?
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Related questions

Which insurance company offers multi car policy?

Every insurance company I have every dealt with offers a discount for a second vehicle added to a policy. This is a multi-car discount and usually is about 20% or so.


Can you have more than one car on your insurance policy?

You sure can and most companies will give you a multi-car discount for insuring multiple vehicles with them.


What's the best multi car insurance deal?

The best multi car insurance deals can be found at the Allstate insurance company. They discount the second car and if you add a third to the policy the discount is even greater. If you combine your car and home insurance then the value doubles again.


Can I add a second car to my car insurance for free?

Ya Maybe if wish upon a star. Lol, sorry but yes they will charge you for it. But you will get a multi car discount which means your other premium on the other car should go down.


Can you and your spouse have different car insurance company?

Certainly! However, bear in mind that doing so may keep your premiums higher than if you had the same company and got a "multi-car discount" applied.


Is there a discount for insuring multiple cars?

Most companies offer a "multi-car" discount, usually up to 15% off of the premium of each car. This gives customers the incentive to not insure their cars with different carriers, hence, splitting the risk and making more than one company liable to pay out.


Why does your car insurance cost more because your wife does not drive?

Most likely you lost your multi-driver discount. A spouse driver of similar age and clean driving record often adds less than 1 to 3 percent to your premium. Multi-driver and Multi-car discounts can often add up to 3 to 5 or even 10 percent discount. It could also be that your insurer inadvertent re-rated you as single if no spouse is listed. I suggest you call your insurance agent and discuss it with them.


When a married couple has two cars should they have one combined auto insurance policy or two separate policies?

You need to have one policy that way you will be eligible for the "multi-car discount"


What are the top companies that offer discount auto insurance?

There are many auto insurance companies that offer discounts upon being a customer with them. For example, Progressive has many additional discounts that they offer to every customer. Some of these include: paper-less billing discount, multi car discount, as well as automatic eft payment discounts.


Is it cheaper to have your home insurance with the same company as your car insurance?

Yes, at least with State Farm it is. If you have home insurance and car insurance you get the multi line discount. Its not much, but every bits helps. Also it is easier to get a lower price if the already have your business.


What is the abbreviation for garage?

If you mean a multi-car garage, then the abbreviation is 'multi'.


Can you get car insurance discounts for multi car families?

Yes, All auto insurance companies offer multi car discounts. Geico, Progressive, Insurance Plus and Esurance are amongst the companies who offer significant multi car discounts.