Multi Car Insurance

Advice On Multi Car Insurance

Go To The Recommendation For Top Multicar Insurance Company

For anyone who needs to insure more than one car, a multi car insurance policy can save a substantial amount of money. Rather than have lots of separate policies, you can combine all your insurances into one single annual plan. This is not only easier to manage and keep track of, but will save money at the same time, which is surely what all of us want.

Insurers are only too happy to provide discounts on multi car insurance policies as an incentive for us to give them more business. They are getting more income by providing cover for several cars, but because they are dealing with a single policy and single point of contact, they save money themselves on the administrative cost. Their own costs are lower, so they are able to pass a saving on to us as an incentive to amalgamate our insurances.

How Much Can A Multi Car Policy Save Me?

While some companies specialise in this type of cover, almost all insurers will offer some form of discount for adding other vehicles onto your policy. Rather than having separate policies and giving discounts, a few companies actually provide a single policy to cover multiple car insurance. Insuring up to five cars can save you over 20% on each policy. The good thing is that such a policy will apply to a household rather than an individual, so three, four or five cars starts to seem less unusual. There will be separate named drivers for each vehicle, but all part of the same multi car insurance policy. This works provided that the cars are all registered at the same address.

In general you will find that the more vehicles you insure the greater the discount the insurer will give you. As well as being simpler for the company, this approach also simplifies matters for you too. With several policies amalgamated into one, you just have one policy document, one renewal date and one premium to think about. Such savings are becoming increasingly important with our increasingly hectic lifestyles where time is a scarce commodity.

Setting Up A Multiple Car Insurance Policy

You do not need to have all the cars and drivers on a policy right from the start. Most companies will allow you to add additional drivers at a later date. This is often necessary because everyone will have an existing policy and it is not always easy to get out of such arrangements quickly. You can set up the new multiple car deal and then add another driver when their old policy expires. Arranging to pay by monthly instalments is a sensible way to deal with premiums, as the annual costs do become substantial when you combine several vehicles together.

As well as the option where you can cover multiple cars by several drivers all at the same address, you can also have multi car insurance to cover several vehicles at separate addresses, provided they are all owned by the same person.

The principle of multi car insurance has been around for quite some time of course, in the commercial sector where companies have fleet vehicles that they need protection for. The move to being able to cover separate drivers all based at one address effectively takes the commercial fleet principle into the domestic environment.

How To Get The Best Multi Car Insurance Quotes

It goes without saying that you should always make some sort of comparison when shopping for anything, as a safeguard to ensure you are getting good value. When you approach a specialist company about a multiple car insurance policy, they will tell you about the discounts you can get depending on how many cars you insure. A discount is only as good as the starting price, so you really need to know how competitive that is. Some of the best multi car insurers are not on comparison sites, so one idea is to use a comparison site to get a stand alone quote and see what it would cost you to insure each car on its own. Then compare that with what you would get from the multiple car quote.

When it comes to getting a quote there are a few other things that you need to consider as well. Make sure you are clear about who is insured for what vehicle. Having a multiple car policy does not mean that any driver can drive any vehicle. There will be named drivers for each car and it is important that you get this right when you set up the plan.

The no claims discounts of drivers should still be valid and help you to get a good price. If one of the drivers has a collision which will affect the no claims bonus, make sure that it only has an impact on that driver and not everyone in the group. Check this out before you take out the insurance. It would also be worth checking that there are no issues around changing the car you drive during the term of the policy. If you swap your car for a different model you need to know that this can be accommodated within the plan.

What Benefits Do Multiple Car Insurance Policies Have?

The sort of things covered by these policies should be no different to any other car insurance policy. You should still be able to get the standard cover against the basics of fire, theft and third party damages, as well as having the option to go fully comprehensive and even add on variables such as cover for accessories, breakdown recovery, windscreen repair and the use of a courtesy car if yours is out of action. You should be able to tailor these benefits to your own requirements, and the price will of course vary accordingly.

While you have to name the drivers of each car in a multiple policy, you can add additional drivers in too. Bear in mind that this too can effect the price, particularly if you wish to add a young person as a driver.

Recommendations For Multicar Insurance

Top Recommendation: Admiral Multicar

By providing unbeatable value in this specialist area, Admiral have established themselves as the clear number one provider for anyone with two or more vehicles at the same address. Get a quote and see how much you can save compared to other insurers.

Find out more by visiting the Admiral website and clicking on 'Start A MultiCar Quote'. To get a quotation you will need to have details of each vehicle, each driver and your insurance renewal dates.

Best Multiple Car Insurance Policy