Multiple car insurance is a good way to reduce your car ownership costs these days and for households with more than one vehicle, the potential savings will help offset the rising costs of fuel. Although not many car owners have more than one vehicle, it is a good way to get discounts on your monthly car insurance policy. Remember you can always ask to insure two cars on one policy or more as long as they are located in the same household.

Direct Line Second Car Insurance Policy Discount

For example, Direct Line provide a second car policy where you can add insurance cover for a second car any time at a cheaper rate. Both policies are maintained separately and you get the same no claim bonus as the first policy after one year. You can then assign this NCB to your spouse after just one year. Since the second car insurance policy is maintained separately, claims on one of these does not affect the other. You can also add multiple named drivers to these policies.

A multi car insurance policy can be used to cover 2 or more cars belonging to the same household, with the exception of motorbikes. All other vehicles can be insured under the same policy. Insurers are willing to offer discount multiple car insurance since it helps to retain customer loyalty in the fiercely competitive UK car insurance industry.

When you are comparing quotes, make sure you specify that you want to insure several cars on the same policy and ask for multi car discounts to be applied, usually 10% to 20%. There are usually no administration fees for adding vehicles to your main car insurance policy, but just ask to be sure. Tell your insurer you will be canceling your policies if they wanted to levy a processing fee for multi car insurance cover.

Multi Car Multi Driver Insurance Cover

Besides adding multiple cars under the same household to the same insurance policy, more importantly is to add several named drivers to the policy so that everyone in the family can drive these insured cars on the road. Note that each UK car insurer may have their specific terms and rules when it comes to multi car multi driver insurance cover, which is why you need to specify clearly the drivers for each car to be insured on the same policy.

This is important because your overall premiums will be determined by the cars to be inured as well as the named drivers, whether they have points on their driving licence or no claims bonus. If the insurer is not asking these questions, chances are the quotes given will not be final and accurate.

Must you cancel your existing policy for a new multi car insurance plan? It depends. Firstly, call your agent and ask for the prices if you like to insure another car on your existing policy. If the prices are not as cheap as a new insurer, then you can cancel your existing plan and sign up for new multiple car insurance with no deposit.

It is more manageable to pay only one bill each month for car insurance cover when all your cars are insured under the same insurer. Although you may think it can be a hassle to switch one of your car to another insurance company, this is not true. Just inform you agent you like to remove the said vehicle from your multiple car insurance plan and your subsequent premiums will be adjusted accordingly. However, there is usually no reason to do so since it is cheaper to combine cover for multiple cars on the same insurance policy.

Even if you only have a single car for your household, you can still try to get discounts for insuring your home, shop front or professional indemnity insurance from the same insurer. Ask for every applicable discount to offset the increasing costs of UK car insurance.

Named Driver No Claims Discounts For Young Drivers

For young drivers that wanted to build their own no claims discount and enjoying cheaper rates as a named driver on your multiple car insurance policy, make sure your UK insurer recognizes named drivers’ no claims history. For example, Direct Line provides Named Driver No Claims Discounts for young drivers in your household and this can be used to get a Direct Line policy of their own in future.