Multi car insurance
Save money on your car insurance with a cheap multi-car insurance deal
TrustScore 4.7 | 36,216 reviewsWhat is multi-car insurance?
Multi-car insurance is exactly as the name suggests - a car insurance policy that allows more than one car to be insured on the same policy. This makes it a convenient option for households with more than one car to insure.
Key points:
- Manage all cars under one policy with a single renewal date.
- Potential discount for insuring multiple vehicles with the same provider.
- Each driver can build up their own no-claims bonus separately.
Is multi-car insurance cheaper than separate policies?
It’s often cheaper to insure your cars on a multi-car policy, but it’s not guaranteed. The best way to know you’re getting the cheapest option for you is to compare the multi-car quotes against single car insurance policy quotes.
One car, or driver, might push up the overall cost of the multi-car insurance quote when it could be cheaper to insure with another insurer separately.
This could be because one car is in a much higher insurance group or heavily modified or because one driver is considered a much higher risk due to convictions and claims or lack of experience.
A 50-year-old woman with 30 years' driving experience and a clean licence is likely to qualify for a competitively priced insurance policy. But her 18-year-old daughter will be considered a far higher risk for the insurer, consequently increasing the overall cost.
Which multi-car insurance providers are available?
Admiral is arguably the most well known for multi-car insurance, as they were one of the first providers to offer this type of policy.
Admiral covers cars at the same or different addresses, which is handy for families that have older kids living away at university.
Each driver can also build their own no-claims bonus. Other insurers also offer multi-car policies, a few of the top providers include:
- Aviva, which offers a 10% discount for insuring two or more cars (up to five) registered at the same address.
- LV= offers online quotes for up to 6 cars on one policy.
- AXA gives customers up to 15% off when insuring more than one car at the same address.
- Hastings Direct offers a 10% discount on their multi-car policies, excluding black box.
The key to finding the right multi-car policy entirely depends on your personal circumstances.
All providers have different criteria for the policies. Some will allow policyholders to live at multiple addresses, whereas some providers will require everyone listed on the policy to reside at the same address.
FAQs
What if all cars have different renewal dates?
Some insurers will allow you to bring each car onto one multi-car policy without having to cancel a current policy and pay a cancellation fee. You can start your policy with one car but benefit from a multi-car discount straight away.
Simply state the second car’s policy renewal date, and it will automatically be brought onto the multi-car policy when ready (just remember to tell the current insurer you don’t wish to renew your existing policy).
