3. Multi-car policies can save you or cost you £ 100 per year
Multi-car policies cover, well, multiple cars at one address. Results vary …
Kam (via Facebook) was pro: “I saved £ 500 by sticking my car and my wife’s car to a multi-car police.”
Peter (by e-mail) was anti: “The multi-car insurer wanted £ 1,600 for three cars. We got 3 separate policies, for £ 720.”
The problem here is with renewal quotes driving up the cost. Martin’s rule of thumb is therefore simple: if you’ve purchased a multi-car policy, check separate policies to see if you can save; if you are separated, check multicar.
– There are three pure multi-car fonts (i.e. one font with multiple cars): Comparison sites can only compare one car at a time. Therefore, if you want to compare multi-car policies, you have to do it manually. The three to try are Admiral MultiCar *, Aviva * and LV *.
– Don’t worry if you have different renewals: The three providers above allow you to set up a policy when renewing your 1st vehicle, while the other vehicles remain with their current insurer until their renewal. See multi-car fractional renewals.
– Some insurers simply give discounts if you have multiple policies with them (for 2+ cars or 2+ types of insurance): If you have time for a bit of trial and error – these include More Than * (15% off), Axa * (up to 15%), Esure * (10%), Privilege (varies) and Sheilas wheels * (10%). Meanwhile, Direct Line * and Churchill multi- offerPolitics discount – that is, if you already have home insurance, you get a discount on your new auto insurance policy (and vice versa).