Why is it better to insure multiple cars on one policy than having individual policies for each vehicle?

My wife and I each own a vehicle. Our agent recommended we have a single policy for both of us instead of two separate policies. Is there a reason why this is better?

Car insurance companies offer discounts for insuring multiple cars on one policy, trumping the alternative of multiple policies, which wouldn’t give you the discount.
Depending on the carrier, you could save up to 20% on your car insurance policy with a multi-car discount. You’ll likely save more on a single policy than two separate ones and you’ll enjoy the convenience of a single payment each month.
Like with other insurance policies, shopping around can help you find the best and cheapest car insurance rates.”
Emily Maracle
Answered on Jul 28, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

Did this answer help you?

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

Have a different question?

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

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free