Multi car insurance quotes

Multi-car insurance lets you bundle all your car insurance together with a single insurer, either with multiple policies held together or a single policy for all vehicles. You’ll usually be rewarded for this with a discount on your premiums.

For multi-vehicle households it’s a convenient way to buy and pay for your insurance and for some there can be a healthy saving on the cost of buying stand-alone policies from separate insurers.

But it’s important to note that the pros and cons of multi-car insurance are not necessarily as straightforward as they initially appear.

No matter how many cars you have, there’s no guarantee it’ll be the cleapest option for your circumstances, so it’s a good idea to check out the prices of individual vehicle policies as well to see if you could save.

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The benefits of a multi-car policy
Like car insurance, multi-car policies will usually last for one year, and policyholders may be able to spread the cost of the policy across 12 months, although this is likely to incur interest.

As well as the possibility of a discount, the convenience of having a single contact point for all policies in the household could be an attractive benefit of multi-car insurance.

classic_car_genericA comprehensive multi-car policy could include any of the following as standard, or as an optional add-on:

First car discount
Courtesy car
European cover
Windscreen repair
Stereo cover
Personal injury cover
Sat-nav cover
Emergency helpline
No claims bonus match
But single car insurance policies joined together to gain discounts may each contain different benefits and add-ons, rather than share them across all policies.

How many vehicles can go on a multi-car policy?
A multi-car policy can cover two or more vehicles, but the number will be capped at a specific limit.

When this article was researched in April 2017, the majority of providers would cover between two and five vehicles.

Other providers can add more vehicles to a multi-car policy; Churchill and Direct Line, for example, could offer a policy for 10 cars in April 2017, however these are independent policies linked together to get a multi-car discount.

Which is the best multi-car insurance policy?
The best policy for you will depend on your own circumstances and renewal dates — not all providers treat these the same way:

Depending on your unique circumstances, a multi-car deal may give you greater flexibility and help you spread the cost of insurance across the year, but it may not be a cheaper way to take out cover than arranging multiple individual policies, and there are a number of other things you should take into account before committing.

The ‘best’ multi-car insurance policy is entirely relative to your individual situation, but as a starter for 10, review how the insurer deals with no claims discounts:

Read your terms and conditions carefully to see if your no claims bonus can be transferred to your multi-car policy
Renewal may need to be at the same time for all policyholders, so be aware that if you switch to a multi-car policy part-way through an existing policy, you’ll miss out on your no claims bonus for that year and may not be able to get a refund on unused premiums
There may be problems transferring a no claims bonus accrued on a multi-car policy if you choose to change provider — or switch to a single-vehicle policy — in the future
Renewal dates can be another sticking point. If your cars aren’t all up for renewal at the same time, you may be concerned about the cost of adding cars at a later date.

Some providers will let you get a quote for the second car when you take out cover for the first and guarantee to ‘lock-in’ this price when the second vehicle’s renewal is due.

Can new customers have a multi-car policy?
New customers can buy multi-car insurance policies but always read the small print carefully to find the right policy for you — there will be nuances specific to each provider.

For instance, check if the multi-car policy you want to buy absorbs the no claims bonus of other listed drivers, by ‘matching’ their bonus.

And make sure each car listed on a multi-car policy can earn its own no claims bonus.

If one car is involved in an accident the rest of the ‘family’ remain unaffected, and depending on your terms and conditions, the driver of the damaged car may be covered for a courtesy car.

But, be aware that an incident-free driver on a multi-driver policy may lose out because of a claim made by someone else.

Remember too that different companies will treat renewal dates in their own way.

Above all else, it’s important to remember that the terms and conditions of every provider’s cover can vary significantly.

Will taking out a multi-car insurance policy save me money?
Unfortunately there’s no single answer as to whether a multi-car policy will prove cheaper than taking out individual policies for each vehicle.

Research conducted by Admiral between 1 August, 2016 and 31 January, 2017, found that 10% of multi-car customers saved £454.[3]

A car parked on a driveway in front of a house Whether you save or not depends on the large number of factors used to calculate an insurance quote, each of which is assessed and rated differently by each different insurance provider.

The only real way to tell is to obtain individual quotes — which you can do quickly and easily through a site such as Gocompare.com — then compare the total price to a quote for a multi-car policy.

You may also want to get more than one multi-car quote, given the fact that the deals offered by every individual provider will vary significantly.

If a multi-car policy is the cheapest and best way for you to arrange your cover in one year, remember that this won’t necessarily be the case when it comes to renewal.

Providers are likely to be keen to push the benefits of the ease and convenience of renewing all your motor insurance in one go, but auto-renewal without shopping around is one of the most costly mistakes made by consumers when sorting out their cover.

«Loyalty counts for very little when it comes to insurance,» said Gocompare.com’s Lee Griffin. «Many drivers would be better off switching rather than sticking with the same insurer.»

Multi-car insurance on comparison sites
The more complicated nature of multi-car policies — and the fact that the terms of the policies offered by different insurers varies so widely — means that you may struggle to find a genuine comparison service available for them.

This is one reason why insurers like to promote multi-car policies; it’s a way of attracting customers directly to a provider rather than through a third-party comparison site.

If you do find a multi-car option on a comparison website, bear in mind that it’s probably a policy that’s offered by a single provider — you’re not comparing it against other multi-car policy options in the market.

As an alternative, remember that you can compare and buy multiple individual car insurance policies through Gocompare.com, which may work out cheaper.

Multi-car policy renewal dates
Remember that different companies will treat renewal dates in their own way.

The policy may be opened with one car, with other vehicles joining on their renewal date.

The cars that join the policy later may be insured up to the original car’s auto-renewal date, on a pro-rata basis, but it will vary between insurers.

Some will allow each individual policy within the multi-car deal to run and renew on its own timescale, others will demand that each individual policy renews at the same time.

The latter example could potentially see you losing out on months of cover from an existing policy in order to synchronise all the vehicles into a multi-car deal.

It’s worth being aware of the administration charges associated with the policy, especially given the fact that multiple people and vehicles increase the likelihood of changes needing to be made in the course of the deal.

Potential changes to bear in mind could include a change of address or of the vehicle, and if the whole household moves, that could even result in an admin fee for each driver on the policy.
Multi-car insurance policies are designed for people who have more than one car in the family.

Instead of having to keep track of different policies and renewal dates for different cars, a multi-car policy bundles all the policies with one insurer so they’re held together separately or combined into a single policy that renews at the same time.

Most providers offer a further discount for each car you bring to the policy (usually up to a maximum of five). So if you start the policy with two cars and then introduce a third car, the first and second car will have a discount applied to them as well at the third car.

Rather than cancelling your existing insurance policy, you can add new cars to the policy throughout the year as they reach their renewal date.

Despite the convenience, as with any policy there’s no guarantee that it’ll be the cheapest option for you. It’s always best to compare the combined cost versus prices for insuring each car separately.

Who is eligible for a multi-car policy?
In short, if there is more than one car in your household or family, then you’re likely to be eligible.

Some examples of people who could get a quote:

Family home with more than one car
A couple living together with two or more cars
A couple who live at different addresses but each have a car
A family who have children living away (but still UK residents) where the children have their own car
What happens to my renewal dates?
It can depend on the specific insurer but usually your policy renewal date starts with the first car you add to the policy.

After the first car, the renewal dates of any new cars added to the policy are synched to renew on the same day as the first car.

If you’re already part way through your multi-car policy, that may mean you pay a pro-rated amount for the new cars added until they reach the first car’s renewal date.

What happens to my no-claims bonus (NCB)?
With multi-car insurance, the main driver on the policy earns their own NCB. That means if you make a claim for an accident involving one driver, it doesn’t affect the other main drivers on the policy. However, if a named driver on your policy makes a claim, that could impact your no-claims-bonus.

Is multi-car insurance cheaper than a standard policy?
With discounts available from most providers, it can be a good way to save yourself some money. However, as with all car insurance policies, the potential savings you make will depend on your own circumstances and driving history as well as those of the other drivers listed on the policy.

You may still find it cheaper to purchase separate standalone policies for each of the cars you’re looking to cover.

Other ways to save on car insurance
Add a named driver — if one of your family’s drivers is young or inexperienced, adding a more experienced named driver, such as a parent, to the policy could result in a fall in premiums.
Increase your excess — You can cut your premiums by opting for a larger voluntary excess. If you agree to pay the first £250 of any claim rather than just the first £100, your policy could cost less. However, it’s always best to consider what you could afford if a car does get a bump – it’s a bit of a balancing act.
Improve security — if your car is fitted with an alarm or immobiliser, it will be harder to steal. This should in turn lead to cheaper car insurance.