Compare multi-car insurance
Multi-car insurance offers discounted cover for every additional car you want to insure, with the convenience of a single policy.
If you have more than one car in your household, you might save money on your insurance by taking out a multi-car insurance policy.
Compare multi-car insurance
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What is multi-car insurance?
Multi-car insurance is similar to standard car insurance, but it allows you to insure two or more cars on the same policy. Multi-car insurance can sometimes work out cheaper as you’ll be given a discount for each additional vehicle on your policy.
How does multi-car insurance work?
Multi-car insurance lets you insure multiple cars on the same policy, provided they are registered to the same address. Usually, the more cars added to the policy, the greater the discount.
Multi-car insurance is predominantly for households who want to use their vehicles for personal use, but some insurers may allow you to cover a work vehicle alongside your personal car. To do this, you will need to be the registered keeper of both vehicles and they must both be kept at your home address.
Note that policyholders won’t automatically be allowed to drive every car insured under a multi-car insurance policy. Instead, they’ll need to be added as a named driver for each additional vehicle they intend to drive.
What types of multi-car insurance are on offer?
There are two main types of multi-car insurance.
The most common is straightforward multiple car insurance which covers two or more cars on the same policy with the one insurer. Each driver has the same level of cover and each car has the same insurance renewal date, making the paperwork easier to manage. Renewal dates are typically based on the date the first car was added to the policy.
Alternatively, you may be able to take out a linked multi-car insurance policy which is made up of several, individual policies. Each policy will have its own level of cover and add-ons, as well as its own excess and renewal date.
Linked policies can be a good option if, for example, you want fully comprehensive cover for your own vehicle, but only third-party, fire and theft cover for your son’s or daughter’s car.
What is included in multi-car insurance?
Multi-car insurance works in much the same way as a standard car insurance policy, so any features and benefits will vary depending on the specific provider. You will need to research what is offered on a particular policy to find the insurance that is right for you.
Multi-car insurance exclusions
Common multi-car insurance exclusions include:
- Driving while under the influence of alcohol or drugs.
- Driving a car that isn’t roadworthy.
- Modifying your car without informing the insurer.
- Driving without a valid licence or driving an unregistered car.
- Hiring out your car.
How to compare multi-car insurance
It’s easy to compare multi-car insurance by following the steps below:
- Run a multi-car insurance quote by entering details such as the cars you want to insure, the name, date of birth and address of each driver, and any driving convictions or previous claims of each driver.
- Consider whether you want each driver to have the same level of cover, or whether a linked policy would work better so each driver can have a different level of cover.
- Consider whether you want to bolt on additional cover such as breakdown cover or windscreen repair cover.
- Decide how much you’re happy to pay for your voluntary excess. The higher it is, the lower your premium will be, but it’s important to ensure it’s affordable.
- Look for the provider that offers the right level of cover for you at the best price.
Is multi-car insurance cheaper?
Multi-car insurance can work out cheaper than standard cover, but there’s no guarantee this will always be the case.
When you apply for multi-car insurance, the age and experience of each policyholder, as well as the type of car they drive, will be factored in. If all drivers on the policy have similar driving experience, are of a similar age and drive similar cars, multi-car insurance could be the more cost-effective choice.
However, in many cases, the cost of your premium could actually go up with a multi-car insurance policy. For example, if you’re an experienced driver in your 50s with a great driving history, your premium should be fairly low. However, if you decide to add your teenage son to a multi-car policy, your overall premium is likely to rise based on your son’s lack of driving experience and subsequently his much higher risk. In this situation, it might be better to insure each car separately as having them under one policy could mean you end up paying more, even after the multi-car discount.
When considering multi-car insurance, you should always ask for a quote, and then compare it to the cost of getting individual car insurance policies for each of your vehicles.
How much does multi-car insurance cost?
How much you pay for multi-car insurance will depend on two key factors:
- The single-vehicle premium quoted to you by the insurer for each of your vehicles.
- The discount offered for insuring multiple vehicles on the same policy.
Case study: Tim and Sara
Tim and Sara share a house together. Tim owns a Vauxhall Corsa which he can insure for £600 a year, and Sara has a Ford Focus which she can insure for £500 a year, bringing their total costs to £1,100. Rather than taking out separate cover, they decide to combine cover under a multi-car insurance policy which offers a 15% discount. This would bring down the total cost of cover for both cars to £935.
How does a multi-car discount work?
With multi-car insurance, a discount of around 10% to 20% is applied to your policy for each car that’s added. This means the more cars you add to your policy, the cheaper it becomes. If, for example, you had two cars on your policy and you were adding a third, the discount applied would be even greater than for the second.
Thanks to the discounts on offer, multi-car insurance can work out to be good value if you have two or more cars in your household to insure. However, it’s important to compare the cost of individual car insurance policies against the cost of a multi-car insurance policy to be absolutely sure you will save money.”
Who can be insured on a multi-car insurance policy?
Generally, multi-car insurance policies will only cover cars within the same households. This means they could benefit:
- Someone that owns more than one car.
- Couples that each own a car registered at the same address.
- Families with more than one car and more than one driver.
In some circumstances, insurance providers may offer multi-car insurance even if one driver lives at a different address, such as a son or daughter studying away from home.
Pros and cons of multi-car insurance
- You’ll receive a discount for each car added to the policy.
- You’ll usually only have one renewal date to remember.
- Your no claim bonus shouldn’t be affected if another driver on your policy makes a claim.
- Some insurers offer cover for cars that are not kept at the registered address.
- Multi-car insurance won’t always be cheaper – high-risk drivers can significantly increase the overall cost.
- If your renewal dates align for all cars, you will have a large annual insurance premium to pay upfront at renewal.
- If one person on the policy makes a claim, the cost of the premium can rise for everyone on the policy the following year.
Multi-car insurance can be a convenient option if you have several cars to insure in your household. Renewal dates can be much easier to manage and you’ll only have to deal with one insurer. However, while the discounts on offer can be tempting, it’s important to realise that it won’t always work out to be the cheapest option. It’s worth doing your research and running some comparisons before you apply for multi-car insurance.
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