Did you know that a third of households now own more than one car? It doesn’t matter if you’re a two-car couple, share a house with friends who each own a car, or have children at home who drive; if you fall into this third of society, you may be considering investing in a multi car insurance policy.
This article is aimed to help you to get a better understanding of multi car insurance and decide whether this type of policy is right for you.
What is multi car insurance?
Multi car insurance gives you the option of taking out one insurance policy on several cars which are registered to the same home address. A multi car insurance policy can cover up to six cars.
If some/all of the cars are insured separately and expire at different times, you do not need to cancel these policies to take out multi car insurance. With most insurance providers, you can take out multi car insurance on one car, and add other cars as they come up for renewal on their car insurance.
The benefits of multi car insurance
If you take out multi car insurance, you are able to choose how much cover each car gets, while also continuing to build your personal no claims discount. If one car is involved in an accident, this will not impact the other cars’ no claims discount. This is particularly beneficial for couples; if you use one car more than another, it means you can take out more coverage on that car as you are more likely to need to claim on it.
Furthermore, your insurance could also be cheaper as many companies offer a discount if you take out policies on more than one car, meaning multi car insurance could significantly cut your costs.
Multi car insurance is also a very convenient solution if you have more than one car to insure under one roof. All policies will renew on the same day and you will only have to handle one insurance company.
If you do have children at home, who have just passed their test and bought their first car, multi car insurance can be a great way of helping them out. Insurance for first time drivers can be very expensive, so multi car insurance could be much cheaper for them, too.
Compare multi car insurance policies from some of the UK’s leading car insurance providers at Cuuver.com, today.
This should not be construed as advice and is for guidance only.