Lately, we’ve been hearing a lot about the savings we could be getting with so-called multicar insurance policies. But exactly what is multi car insurance, and how is it that insuring more than one car on the same policy can save you money?
He’re at BestMultiCarInsurance.com we’ve put together a little guide to help customers understand the ins and outs of multicar insurance, and give you some idea of how they could help you get cheaper car insurance quotes.
Traditionally, if you owned two cars and wanted insurance cover for both, you would have to insure each one individually on a separate policy, increasing the paperwork for all concerned and often leading to unnecessary costs. The idea of insuring multiple cars on one policy negates the administrative costs to the insurance company, while putting new business their way, so naturally the companies can offer a discounted rate on your car insurance costs. This is the essence of a multicar insurance policy.
So if you own two cars and are thinking of upgrading your insurance then considering a multi car insurance policy might be the best way forward. On top of the multicar discount you are likely to receive as an incentive for insuring your second car this way, you’ll also benefit from not having to keep track of differing policy renewal dates for each of your cars.
Got three or more cars? Even better! Multicar discounts generally increase the more cars you add to the policy, so if you have several vehicles why not start receiving the discounts available to you – after all, its not like you’re any more likely to crash or damage multiple cars, so why pay insurance premiums like you could.
What if my cars aren’t all at the same address? Still not to worry. Many multi car insurance policies allow you to insure all your vehicles regardless of which address they are at, often making multicar insurance cheaper than insuring a second car separately when one of them is going to be garaged or off road for some reason.
Another neat feature of the best multi car insurance policies, such as Admiral multicar, and that offered by Direct Line, is the ability to insure multiple drivers on multiple cars when all the drivers are registered as living at the same address. This kind of multicar policy opens up all sorts of possibilities for family car insurance – for instance, if you needed to insure a commercial vehicle alongside your personal car at home.
For more detailed information on how to get cheaper car insurance through multicar insurance policies follow this link to our article on the subject.
