How much does it cost to insure two cars?

My partner and I are moving in together. Since our cars will be at the same address, I heard we could bundle our insurance. Would it be cheaper to insure two cars under one plan?

Answer
“Congratulations on moving in together; that’s a big step!
You heard correctly. You can bundle car insurance for multiple cars that are at the same address and save some money. Depending on your insurance, you can combine up to four or five cars.
Different insurance companies offer different discounts for multiple cars, but on average, popular companies offer the following discounts for multiple cars:
  • State Farm: $1,966
  • Allstate: $1,137
  • GEICO: $651
  • Progressive: $746
  • Liberty Manual: $879
There are a lot of factors that come into play when determining your car insurance rate. These factors include your credit scores, driving records, the type of cars you both have, and the coverage you choose. The quotes you receive from companies will include these factors and you might see rates that differ from the averages listed above.
If you want to see how much you could save but are unsure where to get started, you should get quotes from multiple companies. It’s easy to get quotes with the free Jerry app. Jerry pulls quotes from the top 50 companies in under a minute and delivers the best deals right to your phone.”
avatar
Lauren Smith
Answered on Sep 15, 2021
Lauren has written for World Nomads, the Matador Network, Korvia Consulting, and once upon a time Three Fates Games. She graduated from Columbia College of Chicago with a BFA in Creative Writing. After graduating, she moved overseas and lived in South Korea where she spent her free time traveling and going on road trips with friends. She misses the rest stop potatoes and is trying to figure out how to recreate them at home. She's now based outside of Chicago and when she's not writing she spends her free time reading, playing video games, and exploring whenever she can.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.