So the new year is with us, and there has never been a better time to review the amount you are paying for car insurance. With 2011 shaping up to be a tough year for personal finance the prospect of availing discounts on the cost of your car insurance is even more appealing than ever.
For drivers who own several cars, or even groups of drivers, multi car insurance policies offer a way of amalgamating all of your existing policies into a single yearly policy and making a real saving at a time when a 10%+ discount could make a huge difference to you.
Why Multi Car Insurance can Work Out Cheaper
Multi car policies can offer a discount compared with single car policies because they mean more business for the insurer without the administrative costs of having several different customers. The logic is that simply owning two or more cars doesn’t necessarily mean you are more likely to be in an accident – after all, you can’t be in both simultaneously.
Most insurance companies offer an incentive to customers to insure all of their vehicles with them, so if you have several cars but they are currently insured by multiple companies it would be very worth your while to consider adding one or other vehicle to a multi car policy
More recently, companies such as Direct Line and Admiral Car Insurance have created tailor made multi car insurance policies which have even more flexibility, and the potential to save even more money. Under Admiral’s multi car insurance, for instance, you could receive a discount of up to 23% if you were to insure 5 cars.
OK, so not many of us own 5 cars, but here is where it gets really interesting. The best multi car insurance policies (such as Admiral’s) allow multiple drivers to insure all of their cars together, so long as they are registered at the same address. This could apply to a husband and wife insuring their cars along with their children’s, or several friends in a house-share for instance. In either case a substantial saving could be achieved in the cost of insuring your cars.
Multi car insurance policies can also save time by cutting the amount of admin you have to perform yourself – by having all the renewal dates for your different cars bundled together into a single, easy to remember policy.
So if you own several cars, or have several drivers living at the same address, 2011 could be a great time to take a look at the possibilities offered by a multi car insurance policy.
Before you take any decisions, why not take a look at our easy to follow guide:
5 Things To Remember When Choosing Multi Car Insurance
or check back with www.bestmulticarinsurance.com for all the latest multi car insurance advice.
