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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 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
17 Apr 2014
Motorists are on average being required to pay almost a third more on their car insurance if they have had a no-fault claim made against them in the past, irrespective of the circumstances the claim was made and whether the driver was guilty of any wrongdoing at all, an AA study has revealed.
13 Mar 2014
The Driver and Vehicle Licensing Agency (DVLA) have announced that drivers will no longer need to have a car tax discs on display, from October 1st 2014.
11 Mar 2014
Over 2 million middle-class workers in the UK would qualify for a £2,000 reduction in their annual income tax contributions if a radical overhaul of the tax system was instigated, a Conservative pressure group has argued.
7 Feb 2014
The coalition government have been given a boost after it was estimated today that the economy will grow by substantial 2.5% over the course of this year by the National Institute of Social and Economic Research (NIESR).