You can get a multi-policy discount for car insurance by having more than one policy with the same insurance company. All of the 10 largest insurance companies offer a multi-policy discount, and qualifications are typically the same between insurers. Exact discount amounts may vary by company and state, however. For example, State Farm's multi-policy discount can help you save up to 17% on your premium.
The Allstate multi-policy discount is up to 10% off an auto premium and up to 25% off a home insurance premium. Customers can qualify for the Allstate multi-policy discount by purchasing auto insurance as well as a homeowners, renters, condo, or life insurance policy from Allstate. The company usually applies the multi-policy discount automatically, but policyholders can always call customer service to ask if the discount has been added to their account.… read full answer
Besides the multi-policy discount, Allstate offers several other ways for customers to save. For instance, policyholders can take advantage of a multi-car discountOther discounts include smart student, new car and responsible payer discounts.
The State Farm multi-policy discount is up to 17%. Customers can qualify for the State Farm multi-policy discount by purchasing insurance for a vehicle as well as a homeowners, renters, condo, or life insurance policy from State Farm. The company usually applies the multi-policy discount automatically, but policyholders can always call customer service to ask if the discount has been added to their account.… read full answer
Besides the multi-policy discount, State Farm offers several other ways for customers to save. For instance, policyholders can take advantage of a multi-car discount, which can save drivers up to 20%. Other discounts include good student, good driver, and driver training discounts.
Customers automatically get Geico’s multi-policy discount when they bundle Geico auto insurance with a homeowners, renters, condo, or mobile home policy from Geico. The exact discount amount depends on your location and policy details. You can get a quote online or call 800-207-7847 for more information.
Is Geico’s multiple policy discount different from the multi-car discount?… read full answer
Geico’s multi-policy discount and multi-car discount are two different savings opportunities. The multi-car discount is for insuring more than one vehicle on the same Geico auto policy.
Many people will be eligible for both discounts. For example, you could bundle your renter’s insurance with an auto policy that also covers your motorcycle. In that case, you’d qualify for both multiple policies (renters/auto) and multiple vehicles (car/motorcycle).
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.