Compare Multi-Car Insurance
If your household has two or more cars, you may want to consider a multi car insurance policy. This type of insurance policy either places all of your household vehicles onto a single policy or gives you a discount on additional cars. The result is additional cost savings. You can find more information about multi car insurance and about the companies that offer it below in our comparison table.
Multi Car Insurance
The benefits of using a multi car policy are several-fold, including the ability to reduce your insurance premiums, saving you money on your total insurance costs. With this in mind, let’s look at how multi car insurance works and some of the providers who offer it.
With most multi car insurance policies, a household is able to place all of its vehicles on the same insurance policy or give you a discount for additional cars on separate policies but from the same provider, usually with a maximum limit of five cars per household. This means that you, your spouse or partner, your children (of driving age), or even a parent or roommate could all be on the same policy, generally as long as everyone is living at the same address.
While multi-car policies tend to be similar in that they cover multiple cars in a single household, individually they tend to differ based upon the particular policy and insurance provider. So, before committing to a multi car insurance policy, you should consider the following:
What are the renewal dates? Can you pay monthly or are the dates linked together in a once-a-year payment? Paying annually can be very expensive, so unless you are financially able to handle the burden of a bulk payment, make sure your policy can be paid out monthly.
Can you change vehicles? What if someone buys a new car or leaves home? Check that your policy allows for switching vehicle during the policy term and whether there are any charges.
Check the no claims discount policy. If someone else in your household has an accident, how will it affect your no claims? Most insurance providers will only adjust the no claims for the person who has had the accident, but you need to verify this before you commit.
Who can drive what car? As a rule, multi-car insurance limits people to driving the vehicles they are registered for on the policy. So, make sure each person is covered for the cars that they need to be insured on, as this will not only affect coverage, it will affect the policy cost.
All of these questions are imperative to determining how cost-effective your multi-car policy will be. After all, while it may provide a lower premium, if it doesn’t cover you when or how you need it, if something happens it could cost you dearly.
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