The operation of parallel surge arresters can improve energy absorption capability if the arresters are similar and are installed close to each other. However, it has been reported that any small difference in the individual V-I characteristics can lead to unbalance in current sharing. When the arresters are installed some distance away from each other, travelling wave effects can modify the effectiveness of parallel arresters for surge overvoltage protection and, in this case, detailed simulations are required to ascertain the level of protection. Such a situation occurs in practice with large substations or short underground cable connections. Various studies have shown that a requirement for two-arrester protection is closely dependent upon the type and length of cable used. In the case of overhead lines, the distances are much bigger and the main objective of line arresters is to reduce the flashover rates due to surge overvoltages. This is especially relevant to lines located in regions of high lightning activity, lines with compact/uprated design where the phase-to-phase and phase-to-earth air clearances are reduced. In this paper, we present a study of parallel arresters considering the separation distance and their application to overhead lines. Various scenarios of overhead line configurations were considered and the overvoltage levels were calculated for each case. Assessment of flashover performance is also conducted for a number of conditions. A number of calculation techniques were used and compared.