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Multi Car Insurance
Save money by insuring multiple cars!
If your household has 2 or more cars, it is worthwhile considering taking out Multi Car Insurance cover. This type of insurance covers multiple cars under one policy and can save you money each year.
Some insurers will cover up to 5 cars under a single multi-car policy, providing that all cars are registered under the same address. This means an entire family living at the same address could be covered under the same policy.
This type of policy is like bulk buying your insurance and as multiple people are covered by the same policy, the insurer can reward you with lower premiums, due to reduced administration costs.
This is similar to the way that energy company’s offer you discount if you take out both gas and electricity with them. Please be advised that buying a multi car policy doesn’t always work out cheaper, so it’s best to check both single cover policies pricing before you make a decision.
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MoneyExpert Ltd is not authorised to provide advice and are introducing you to a regulated firm with whom we are not under a contractual obligation to conduct insurance mediation business with exclusively. You should ensure you provide any potential insurer with your full details and ensure that you are eligible to make a claim(s) in relation to the cover offered. MoneyExpert Ltd will receive a small payment for this introduction which will not normally exceed £35.
MoneyExpert does not give advice on or recommend any particular insurance product or service or whether it is suitable for your personal circumstances. The information provided is to help you to make your own choice about how to proceed.
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Car Insurance News
2 Jul 2015
2 Jul 2015
23 Jun 2015
A customer of the insurance firm Saga saw his insurance premium jump by 56% when he went to renew his policy. The man has made no claims on his plan and lives in a low risk area but in spite of this he saw his rate rise from £280 to £436.
14 May 2015
According to the regulator, the Financial Conduct Authority (FCA), says that insurers are not being transparent enough about how much their policies cost when paid in installments.