Multi-Car Discount

Insuring more than one vehicle in your household? We have a discount for that. It’s called our Multi-Car Discount and it can add up to big savings fast. If you are insuring two or more cars, and they are kept at the same address, it makes sense to insure both cars on one policy. The savings you’ll enjoy will offset the cost of insuring multiple vehicles.

How does the Multi-Car Discount work?

Our Multi-Car Discount reduces the cost of your liability, collision, and comprehensive coverages on all the vehicles listed on your policy. For example, if you and your spouse each have a car, it will be less expensive to insure both cars on the same policy than having them on separate policies. You would get yet another Multi-Car Discount if you were to buy your teen driver a car and add this vehicle to your existing policy.

Benefits of a multi-car policy

Premium savings: Save up to 33% on your premiums by having all the vehicles in your household on one policy.

Deductible savings: If multiple cars on your policy are damaged in the same incident, you pay only one deductible. For example, if the same storm damages both cars you have on your policy, you only pay one deductible for your comprehensive insurance. On the other hand, if the two cars were on separate policies, you would have to pay two separate deductibles.

Stacking coverage may be available: Some states allow coverage stacking, which allows the total amount of coverage on the policy to be accessed in the event of an accident. For example, if you have two cars that each carry $50,000 in uninsured motorist coverage, stacking combines those amounts for a total of $100,000 in the event of an accident. The option of coverage stacking varies by state, with most states allowing you to stack uninsured motorist coverage and personal injury protection coverage.

Efficient policy management: Save time having only one policy to cover multiple cars with just one bill. Plus, you only have to keep track of one renewal date with a multi-car policy.

FAQs

Can I add another family member’s vehicle to my policy?

Family members living at the same address as the policy holder are able to add their vehicles to an Elephant policy to qualify for the Multi-Car Discount.

Do I get a discount for each vehicle on my policy?

Yes, every vehicle kept at the address of the policyholder is eligible for our Multi-Car Discount. Discounts are applied automatically.

Does a person in the household need to be related to the policyholder to be added to the policy?

Yes, the person and the vehicle must be driven by a person related to the policyholder and living in the same home.

What information do I need to add vehicles to my policy?

• Year, make and model
• Vehicle Identification Number (VIN)
• Vehicle license plate number
• Mileage for each vehicle
• Lienholder info, if applicable