Is your family trying to save money on auto insurance? If so, you might be surprised at the amount of family car insurance plans and deals that your household can be taking advantage of.
There are some companies who offer family discounts for individuals living in one home.
There are also some companies who offer single discounts that your family can bundle together for a cheaper monthly auto insurance premium. The only way to find the cheapest rate possible is to compare companies so I strongly recommend that you compare quotes today.
How many cars can be on one insurance policy?
There are some companies that only allow for 2 or 3 cars on one insurance policy.
However, usually most car insurance providers allow you to have 4 or 5 cars on one policy. The more cars that you have the cheaper your policy will be.
GEICO’s Family Pricing Program
GEICO offers an amazing Family Pricing Program. With this Family Pricing Program, you will be able to move your son or daughter from your policy to their own policy while still being able to enjoy GEICO’s great insurance rates.
Not only will you all be enjoying the same rates, but it is great for when your children decide to move out or when they graduate from college and get their first good paying job. Along with this program families can save with GEICO’S driver’s education discount.
When young drivers in your family complete a driver’s education course, this can allow you to save on most coverages. Lastly, when you insure multiple cars with GEICO, your family can end up saving up to 25% on most insurance coverages.
Nationwide Family Plan
Nationwide offers one of the best family plans in the industry. With Nationwide you could be saving 25% on your auto premium. With Nationwide anyone who lives with you whether parents, grandparents, children, aunts, uncles, cousins, spouse, etc. gets to enjoy your auto insurance benefits as well.
For example, if you are entitled to multi-car and multi-policy discounts, then those in your house can enjoy these discounts as well. Another wonderful thing about this family deal is that it doesn’t negate other discounts. For example, teens in your household can still qualify for their own discount such as the good student discount. With Nationwide families get to add to their savings. The more family members that you have in your household the more that you will end up saving.
Arbella
Arbella Insurance Group is a fairly young insurance company that was founded in 1988. Although they are young they do not lack in discounts offered. Arbella insurance offers a plethora of discounts that U.S. families can take advantage of.
New to Arbella – The first discount that your family will be able to save on with Arbella is their new auto insurer discount. If you qualify for this discount you can save up to 12% on your auto insurance policy.
Good students – A or B students can save up to 5% on their auto insurance.
Multi Vehicles – Customers can easily lower their premiums by 2% when they insure more than one vehicle on one policy.
Student Away – With this discount you can save 10% on your auto insurance when you have a child who is more than 100 miles away from their vehicle while they attend college.
Multi Car Family Discount – Inexperienced drivers who live under their parents can save 5% on their premium.
Spouse Discount – Married couples can save 5% on their auto insurance policy.
Driver Simulator and Advanced Driver Training – New and inexperienced drivers can save 5% – 7% on their auto insurance policy by completing driver courses and programs.
Progressive
Progressive is a cheap car insurance company that can possibly save you a lot of money on your insurance premium. As mentioned in my GEICO vs Progressive insurance review, with Progressive there are various discounts that customers can look forward beyond Snapshot.
Families that insure with Progressive can save with their homeowner’s discount. To qualify for this discount, you must own a home, condo, or mobile home. The amount that you can save with this discount varies from person to person.
You can also take advantage of Progressive’s minor child driver discount. With this discount you can add your newly licensed child who is under 18 to your insurance policy.
USAA
USAA can save you $700 a year on auto insurance. To qualify for USAA and receive benefits from their cheap insurance services you have to be an active or retired service man or woman. Another way that you can use USAA is by having a family member who is active or is currently retired from the army.
Customers can save 10% on their policy by choosing the USAA auto coverage tradition that their parents started. Families can also save with USAA with their new vehicle discount. To qualify for this discount all that you need is a vehicle that is no more than 3 years old.
American Family
Generational – If your parents insure with American Family, then you can save on your auto policy.
Young volunteer – Young adult drivers under 25 who are dedicated with helping the community can save with American Family. This is great if your family is involved in church programs around your city. To qualify for this discount, you have to be under 25 and you have to have at least 40 hours of volunteer work.
Teen safe driver – If you help your child make good decisions behind the wheel, then you may be eligible for this discount.
Liberty Mutual
Along with a multi-car discount, Liberty Mutual offers a large amount of family discounts. With Liberty Mutual newlyweds, the newly retired, and newly graduates can all save money on auto insurance.
Responsible teen drivers may qualify for their teen discount or their good student discount. Also, if your household has a hybrid vehicle you will qualify for their hybrid discount.
What are the cheapest family cars to insure?
According to insure.com the least expensive vehicle to insure is going to be the Honda Odyssey. The average annual premium with the Odyssey is 1,112. The second vehicle on the list is the Jeep Renegade Sport 2WD with an average annual premium of 1,138.
The third vehicle on the list is the Jeep Wrangler Black Bear 4WD with an average annual premium of 1,148. The fourth vehicle on the list is the Honda CR-V with an average annual premium of 1,170. Some other vehicles on this list include the Subaru Outback and the Buick Encore.
Which car insurance company should you choose?
Although I believe GEICO offers the best insurance rates among all insurance providers, there is no definitive answer to this question. We reviewed many awesome companies that will provide your family with great deals.
Now it comes down to making the right choice to fit your family’s budget. Once again since insurance rates differ from person to person it is extremely wise and important to compare quotes.