Multiple cars to insure? Here’s how to go about it

With international (and often domestic) travel off the table, more and more Aussies have been investing in cars. In fact, the purchase of vehicles rose a considerable 31.8% last year, that’s according to the Australian Bureau of Statistics.
If you live in a share house or at home with your parents, your household may even have multiple cars. In 2016, analysis from .id (Informed Decisions) showed that over 30% of Australian households own two or more vehicles. In light of these statistics, it’s no wonder insurance providers these days offer cover for multiple vehicles at once.
So who qualifies for multi-vehicle car insurance?
Typically any cars registered at the same address will qualify for a multi-car insurance policy. This could include:
- A family with more than one car
- A share house where more than one occupant owns their own car
- A single person with more than one vehicle
- A couple who own a car each
- Friends or relatives who live together and own multiple cars.
Perks
If you fit one of these scenarios, the good news is that you can take out a multi-car insurance policy at any time. Possibly the biggest perk of having multiple cars on the same policy is that you will usually receive a discount. This is because you are essentially bringing more business to the insurance provider.
On top of this, even though the cars are listed under one policy, most insurance companies will allow you to keep your individual claims history records. This means you should usually be able to keep your no claims bonus intact.
Drawbacks
There are a few drawbacks to throwing your lot in with a number of other drivers, however. Namely that if any of the group has a poor driving record, your insurance premium may be higher. The same goes for if someone owns a particularly pricey set of wheels.
One other thing to remember is that if you choose to pay annually, you will have a pretty big bill to deal with once a year.
What happens if someone has to claim?
If a member of the group does have to make a claim, there’s a chance that the insurance premium will go up for everyone. That is depending on the nature of the claim - whether it is in relation to an at-fault incident or not.
The good news is that the claims history of each individual will not be affected. Only the claims history of the driver who made the claim will be altered.
To combine, or not to combine?
Your relationship with your fellow car-owners and whether or not it makes economic sense, will probably determine whether or not you take out a multi-car insurance policy. If you live in a share house and you only have a six month lease, you may prefer to go solo. Or, if you live with family members and you trust that they are all safe drivers, it may be worth it for the discount.
Some insurance providers that offer multi-car insurance are:
- GIO
- Poncho Insurance
- RACV
- RACQ
Head to Mozo’s compare car insurance page to review more policies on offer in Australia. Or if you’re still absorbing all the useful information in this article, scroll down for a quick peek at some comprehensive car insurance plans on offer below.
Compare comprehensive car insurance - last updated 10 February 2025
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Comprehensive Car Insurance
Yes costs extra
Agreed or Market
$400 - $2,500
Optional Extra
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CompareCompareComprehensive Car Insurance
Making sure your car insurance is about where you’re at right now could save you lots. Start a quote with Youi today and see what you could save.
- Monthly premiums available
- Yes costs extra
- Agreed or market value
- Agreed or Market
- Choice of excess
- $400 - $2,500
- Choice of repairer
- Optional Extra
- Discounts available
- -
- Quote time
- -
Read reviews and learn more about Youi car insurance
-
Comprehensive Car Insurance
Yes costs extra
Agreed or Market
$500 - $2,300
Optional Extra
CompareCompareComprehensive Car Insurance
- Monthly premiums available
- Yes costs extra
- Agreed or market value
- Agreed or Market
- Choice of excess
- $500 - $2,300
- Choice of repairer
- Optional Extra
- Discounts available
- Online discount $75 off new policies
- Quote time
- 6 to 8 minutes
Read reviews and learn more about QBE car insurance
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Mozo experts choice awards won:
- Exceptional Value Car Insurance - 2024
- Exceptional Value Young Driver Insurance - 2024
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Gold Comprehensive Car Insurance
Yes costs extra
Agreed or Market
$550 - $1,900 (varies by state)
Optional Extra
Get award winning Car Insurance. Save 15% ^ on your first year’s premium when you purchase a new policy online. Budget Direct offers tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service, and get a hire car following a theft.
CompareCompareGold Comprehensive Car Insurance
Get award winning Car Insurance. Save 15% ^ on your first year’s premium when you purchase a new policy online. Budget Direct offers tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service, and get a hire car following a theft.
- Monthly premiums available
- Yes costs extra
- Agreed or market value
- Agreed or Market
- Choice of excess
- $550 - $1,900 (varies by state)
- Choice of repairer
- Optional Extra
- Discounts available
- No claim discount|Online discount 15% on first years premium
- Quote time
- 2 to 3 minutes
Read reviews and learn more about Budget Direct car insurance
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Mozo experts choice awards won:
- Exceptional Value Car Insurance - 2024
- Exceptional Value Young Driver Insurance - 2024
Comprehensive Car Insurance
Yes
Agreed
$800 flat excess fee
No
No additional excess for young drivers, lodge a claim 24/7 and zero cancellation fees. Hire car is included up to $80 per day for up to 21 days; cover for one tow to our nearest authorised repairer, following a covered incident. No excess on your first covered windscreen, sunroof, and window glass damage once per insurance period. List multiple cars and drivers under the one policy as long as they fit the underwriting criteria (excludes Safe ’n Save policies).
CompareCompareComprehensive Car Insurance
No additional excess for young drivers, lodge a claim 24/7 and zero cancellation fees. Hire car is included up to $80 per day for up to 21 days; cover for one tow to our nearest authorised repairer, following a covered incident. No excess on your first covered windscreen, sunroof, and window glass damage once per insurance period. List multiple cars and drivers under the one policy as long as they fit the underwriting criteria (excludes Safe ’n Save policies).
- Monthly premiums available
- Yes
- Agreed or market value
- Agreed
- Choice of excess
- $800 flat excess fee
- Choice of repairer
- No
- Discounts available
- Get 10% off the base premium for the first 2 consecutive monthly policies and up to a 15% potential monthly discount from your 3rd month for being a safer driver. Minimum premiums may apply. T&Cs apply.
- Quote time
- -
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