Insuring two cars or more: Why Multi-Car insurance discounts mean cheap car insurance

Classically, finding insurance for two cars or more has presented all sorts of problems for people. Not only is there the added expense of extra policies for each of your cars, but also the increased inconvenience of having to keep track of them all – remembering which policy covers which car, and of course trying not to forget the dreaded renewal dates.

Multi Car Insurance

Recently however, things have started to change. With almost all insurance companies now offering some kind of multi-car discount for insuring a second or third car with them, and some even going so far as to introduce tailor-made ‘Multi-Car Insurance‘ policies, there has never been a better time to look at the savings you could make by switching to a multicar policy.

By cashing in on multi car discounts offered by your insurance company, you can often save 10-15% on each extra car you add to an existing policy. Most insurance companies are happy to offer such discounts on a second car as it means more business for them. Even if your insurance company does not explicitly offer a multi car discount, if pressed they will almost certainly do so to avoid losing your custom (and if they don’t, you should definitely be switching to one that does).

Some car insurance companies have taken things further by introducing a new ‘Multi Car Insurance‘ policy, tailored specifically to the needs of those who own multiple vehicles. While some multi car policies a single driver to insure multiple cars, others allow several drivers to insure several cars on one policy provided they all live at the same address. This can apply to both family or friends, so could provide a serious option for people living in a flat-share or as a way of insuring children once they reach driving age.

Multi-car insurance can be a way to make big savings – Admiral MultiCar offers discounts of up to 23% – but you should always proceed with a note of caution. Neither Admiral nor Direct Line partner with car insurance comparison websites, so while their multi car policies may well be able to save you money (and hassle), it doesn’t do any harm to make use of a comparison site to get quotes for your individual cars/drivers, before inquiring about a multi-car policy.

Once you have shopped around and decided that a multi car insurance policy is the right choice for you, their are just a few more things you need to bear in mind before parting with your cash. The devil is always in the details so before settling with a car insurance provider, you may want to consult our guide to getting the best multi car insurance to suit your needs:

Top 5 things to consider when choosing multi car insurance

Remember though, that the principle behind the multi-car discount is one of ‘you scratch my back I’ll scratch yours‘ in that the discount you receive is reflective of the extra business you are putting the insurance companies way. In many cases you can receive further discounts just for the asking if you already have existing policies with an insurer for other things such as home or life insurance. If you have several policies with an insurer you should be able to get a discount, and it certainly never hurts to ask.