Multi-car insurance could be ideal for you if you are a couple living together with a car each, a family with multiple cars at the same property, friends living in a house share, or a driver with more than one car. When you take out a multi-car policy, you can usually insure up to five cars on it.
Car insurance is expensive – there’s no two ways around it. This is particularly true if you are a young or old driver or are driving a newer car. With multi-car insurance, however, you can hugely reduce these costs, and make the cost of driving much more manageable. It can be thought of as a ‘family insurance policy’, whereby each additional driver added to the policy contributes to the discount value from the insurer. For example, an insurer may offer 15% off every new driver that is added to the policy. The discount value will vary from insurer to insurer, so it’s wise to use a car insurance comparison provider to make sure you have a full picture of all available options.
Setting aside time to sort out your insurance every year, going through the hassle of contacting your insurance company, agreeing on the renewal terms and making the payment can all be extremely time-consuming and stressful. This is even more so if you have to go through this entire process with multiple cars. Taking out a multi-car insurance policy allows you to reduce these worries as you only need to go through the process once.
It’s important to note that when you bring multiple cars under one multi-car policy they will most likely have existing policies with different expiry dates. Some insurers will allow you to bring the various cars onto one multi-car policy without the annoyance of having to cancel the policy that you currently have, or paying a cancellation fee.
Multi-car insurance policies should, in theory, ensure huge savings for groups of drivers. But you may have anomalies in your group, for example, a driver that has had accidents in the past, is a new driver, or whose car is significantly more expensive. It’s vitally important, therefore, to check whether multi-car insurance is, in fact, cheaper and more convenient than going with single-car policies. Making sure that you use a car insurance comparison site will give you the insight you need to make the best choice.