What is the multi-car discount?

TL;DR
It’s a discount. On your insurance. For having multiple cars. Duh.

So, you’ve just bought a bunch of cars…

Okay, you can stop laughing now.

But maybe your family has multiple drivers, or you want to share a car insurance policy with your significant other. Maybe you want to save some more money on car insurance.

Lucky for you, you could get a discount for that.

What is the multi-car discount?

The multi-car discount is just what it sounds like: It’s a discount that many insurance companies can give you for having multiple cars on the same policy. Kinda like bundling. But with cars.

But wait! There’s more!

Even if multiple cars aren’t on the same exact policy, you may still qualify for a  discount if you have the same carrier. So, if that sounds like you and your family, it’s probably a good idea to look into a possible discount. It could really happen!

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Keep in mind that the discount isn’t a two-for-one deal. It just means that the price of insuring two cars with the same carrier would be less than insuring both cars individually. In a math equation, if Car A insurance = $$, and Car B insurance = $$:

Without a multi-car discount: Car A Insurance + Car B Insurance = $$$$

WITH a multi-car discount: Car A Insurance + Car B Insurance = $$$

Make sense?

So, if you’re a young driver and your parents have asked you to get your own policy, you still might be able to get a discount if you’re still living with them if you go through the same insurance carrier. It’s definitely something to think about.

Have questions? Chat with us now.

If you want to know about even more car insurance discounts – oh, yeah. There are a lot more – just slide into our DMs and talk to our agents. They know tons of tips and tricks to save you money on all kinds of insurance! We’re here to help you save money.

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