Car Insurance for Multiple Cars
If you live in a two or more vehicle household you could benefit from multiple car insurance. Car insurance for multiple cars allows you take out a single policy that covers more than one vehicle.
The number of cars you can insure under one policy varies from one insurer to the next. Some providers will cover up to five vehicles under one single multi-car policy provided they are all registered to the same address. This could mean the entire family are covered under one insurance scheme!
Cars, Motorbikes, Mobile Homes...
Some insurance companies even allow you to insure different types of vehicle under one policy which is ideal if you have motorbikes, cars and even a mobile home to insure!
Multipe Vehicle Insurance Advantages
The advantage to opting for multiple car insurance is that it can save you a considerable amount of money. As you are buying your insurance in bulk, you make the administration process easier for the insurer and you become a more valuable customer.
Buying Multi-Car Policies
When searching for car insurance for multiple cars there a number of things to consider. Firstly, you should check who is covered for what. While multi car insurance covers a number of vehicles, not every person on the policy will be covered to drive every single car. Ensure all the drivers are insured for the vehicles they need to drive when setting up the policy, as changing this can alter the premium.
Secondly, you need to consider your no claims discount. Generally speaking, if one person was to claim on the policy, then it should only affect that drivers no claims history. Having said this, it is always worth checking this is the case before signing on the dotted line.
Finally, check the renewal date policy. Some insurance companies will link the renewal date together which can become quite expensive if you are paying annually. Other firms allow for smaller, monthly payments.
In general, car insurance for multiple cars offers great cost savings but it's always recommended that you checks prices in comparison to insuring each car individually first.
Related Articles:
- Fully Comprehensive Car Insurance
- What is Third Party Car Insurance?
- Making the Most of Your No Claims Bonus
- What Is a No-Claims Discount?
- Are My Car Contents Covered?
- In-Car Audio Gear Insurance
- Car Insurance Basics
This site is for information only and cannot offer insurance advice for your particular situation.
Consult with an FSA authorised insurance advisor if unsure on any topics related to car insurance.
