Families with more than one vehicle may opt for a multi-car insurance policy rather than taking out multiple individual policies.
You may be eligible if your household has more than one vehicle – for example, if both parents have cars, or if your son or daughter is living at university, but has a car, you may want to make sure they’re still covered by your insurance policy, and a multi-car policy does allow for that. All cars should, however, be registered to the same address.
Why Take Multi-Car Insurance?
The big advantage to a multi-car policy is that all of your cars will be under one policy; only one renewal to keep track of, and each additional car (to a maximum of five) added to the policy will increase the discount the policy offers.
There’s even the ability to add new cars as the year progresses, so you can set up multi-car insurance for your first vehicle as its current policy expires, then add others through the year as and when their own policies come up for renewal.
Who Can Get Multi-Car Insurance?
Families with more than one car can apply for multi-car insurance.
The vehicles to be insured as well as the histories and ages of all drivers will be taken into account in calculating the premium, so it may be worth checking whether or not this works out better than individual policies; however, this is also a way for friends and parents to give new drivers a leg-up on their insurance if you’re confident in their driving yourself.
What Will You Need?
Before applying for multi-car insurance you will need all the details required for any car insurance policy – but for all vehicles and drivers to be covered. It’s also advisable to have everyone who’ll be paying present to make sure they’re comfortable with the premium and the terms.
Insurance policies are very personalised, so you should weigh all available options and find the best option for you.
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