Your guide to multi-car insurance
Live in a multi-car household? With more than one car in the driveway, as is increasingly common in today’s households, the spouse and the kids may be driving or perhaps you own multiple cars yourself. It could be more cost-effective and less administrative hassle to cover them all under a single car policy. This is where multi-car insurance could be beneficial.
What is multi-car insurance?
Multi-car insurance, also known as multi car cover, is a specialist type of insurance that allows you to cover multiple vehicles registered to the same address under one policy. This approach simplifies managing insurance for households with more than one car, offering benefits like separate no-claims discounts for each vehicle and more efficient paperwork handling.
It provides each vehicle with its own level of cover, which lets you choose how much excess you want to pay separately, they don’t have to all be the same. In this respect, your NCD will continue to build upon individual vehicles too. A multi car insurance policy allows you to manage each vehicle and its cover options separately while having everything under one policy, offering the flexibility to choose different levels of cover and excess for each vehicle.
Why should you use multi-car insurance?
Multi-car insurance covers up to 6 vehicles (depending on the insurer) and can also give you the ability to insure up to 12 drivers, ideal for larger households. This type of coverage not only simplifies the management of multiple vehicles but also helps you save money by offering the potential for cost savings when adding additional cars to the coverage.
It also relieves you of the administrative hassle of having multiple policies which may have different renewal dates. With multi-car insurance, you can manage your individual cars together and synchronise the renewal date for all vehicles under the policy, making the renewal process much more convenient.
How does multi-car insurance work?
You don’t need to cancel any of your existing policies to get multi-car insurance as most insurance providers allow you to add each car to the insurance when the policies are due for renewal. Understanding how multi car insurance works, it’ll then automatically bring the car under the policy during this period, streamlining the process of organising multi car insurance.
Each vehicle has its own level of cover to protect your NCD even though all the cars insured are on the same multi car policy. This means that if an accident was to occur on one of your vehicles, your NCD is protected and will continue to grow. The flexibility of a multi car policy allows for different levels of cover and excess for each vehicle while still offering the benefits of consolidated discounts.
Do you have to live at the same address for multi car insurance?
It’s commonly believed that you must live at the same address to avail this type of policy. However, this is not always the case.
While most insurance companies do require all vehicles on a multi car insurance policy to be registered at the same address, there are exceptions made in certain circumstances. This may include situations where immediate family members with different addresses want to combine their policies, for example.
It’s always recommended to discuss your specific situation with your insurance provider to understand their terms and conditions. If you’re ready to explore your car insurance options, get covered today with Budget insurance and get a multi car insurance quote!
For more hints and tips on all things motor, visit the driving section of our blog.