This type of insurance policy aims to make life easier for customers, by putting everything in one place. A multi-car insurance premium offers many benefits to drivers under one roof, in order to help you get the best out of your insurance package.
Read on to find out more…
What is multi-car insurance?
Multi-car insurance is a particular type of insurance policy that is designed for drivers who have more than one car they are wanting to insure.
With a standard insurance policy, you’d take out one premium for your car, and if you were to apply this to more than one car, you would need more than one policy. Meanwhile, multi-car insurance allows you to add coverage to multiple vehicles, through one singular policy.
With multi-car insurance, you have the most effective and efficient way to insure multiple vehicles, without the need to take out several policies. Alongside this, there are a range of benefits that can be offered with multi-car insurance.
What are the benefits?
A lot of people pick this type of insurance because it’s so convenient. If you are a family with more than one vehicle, having this type of insurance policy is less hassle and usually means you only have one set of paperwork to sign!
Additionally, there is only one renewal date. This means you don’t have to remember a handful of dates at different times of the year – making life a lot easier. If you are a busy parent, this will save you having to worry about checking your children are up to date with insurance renewals.
The more people you add, the more money you could save! If your entire household are under the same plan, you could qualify for a cheaper policy.
This is because it’s more beneficial for insurers to offer a discount and sign up the whole family, than to have only one policyholder insuring their singular car with them.
As many of us stay with the same insurer for years, these companies are willing to offer discounts to create a new generation of customers – perfect, right?
Which vehicles can I insure under this plan?
Whilst it may vary with different providers, there’s usually a maximum of four cars that can be added to one multi-car insurance policy. Some companies offer up to six, but this is not always the case – so be sure to check before you sign up to a plan.
As long as each vehicle driver involved in the plan is registered to that address you are covered under this insurance policy. If you are a family, but live at different at a different address, unfortunately you will not qualify for multi-car insurance.
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We hope this article has answered some of the questions you may have had, and allowed you to find out a little more about what multi-car insurance has to offer. So, if you are on the hunt for a new insurance policy, be sure to keep multi-car in mind!
