What is Multi-Vehicle or Multi-Car Insurance?

If you’re someone looking for a second car or you and your partner are moving in together and both have your own vehicles, how can you save money on your car insurance? Well, have you heard of multi-vehicle or multi-car insurance? We'll answer some questions you may have below, like what it is, how it works and who's eligible.

What is multi-car insurance and how does it work?

Let's first address the terms multi-vehicle and multi-car insurance. Both terms may be used interchangeably (depending on your insurer), but they likely do refer to the same thing. Multi-vehicle insurance can either refer to when you have two or more vehicles covered under one policy, or multiple vehicles under separate policies with the same insurer. In either situation, you’ll likely still be able to take advantage of additional savings on your car insurance premiums.

If you're planning on purchasing a second vehicle or thinking about combining insurance with a partner once you've moved in together, you'll need to contact your insurer to add the second vehicle to your existing car insurance policy. If you currently have multiple cars but with different insurers, you may be missing out on an opportunity to save on your car insurance. If you're an existing TD Insurance customer, you can review and manage your account with MyInsurance, including adding another vehicle to your policy. Alternatively, you can chat with an Advisor once logged in, or call us to speak with someone over the phone. If you'd like to see how much you could potentially save with TD Insurance, you can get started with a quote.

How do I qualify for multi-vehicle discounts?

With TD Insurance, you can qualify for a multi-vehicle discount on your car insurance premium if you insure two or more vehicles from the same residence or household. This includes situations like:

  • Being the sole primary driver of multiple vehicles, or
  • Having multiple drivers insured on multiple vehicles (e.g., partners, spouses, children, etc.).

Keep in mind that individual insurers may have their own eligibility rules. Contact your insurer to find out details specific to your situation.

What are the benefits of having multi-car insurance?

Beyond the discounted premium you'd receive with covering your cars under the same policy, you'll also have the benefit of convenience. Rather than having multiple points of contact, you can easily manage and update your policies via your MyInsurance account, which is also accessible through the TD Insurance app.

By bundling your cars with TD Insurance, you can be confident that you'll have the right coverage for your needs and that you're saving money in the process. To see what a TD Insurance policy can look like for your household, start with a quote and make the switch.

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The content on this page is for general information purposes only and does not constitute legal advice. Coverages described herein may be subject to additional eligibility criteria, limitations and exclusions. In the event you make a claim, potential indemnification is also subject to the receivability of the claim and the type of coverage you bought.

In the case of conflict between the content on this page and your policy wordings, your policy wordings shall take precedence. Please speak to an Advisor or consult your policy wordings for further details.