For the majority of drivers today, one of the most important aspects of choosing your car insurance, is making sure you get the best policy for the best price.
That being said, a popular question for many, is whether you can actually save money on your car insurance. The simple answer – yes you can!
The best way to do this is to take out a multi car insurance policy.
Read on, to learn what it means to insure multi car, and how a multi car insurance policy can help you save money.
What is a multi-car insurance policy?
A multi-car insurance policy enables you to gain coverage for multiple different cars, all under the one policy.
Multi-car insurance works in a similar way to most types of standard insurance, that you’d otherwise need to take out for each of your vehicles, but with this specific policy, all the coverage for every vehicle is collectively included.
The maximum number of cars you can include in this type of policy is usually four, but this may vary with each insurer, so be sure to contact your insurance provider.
Under this policy, you can adjust and access all the information surrounding each aspect of cover for your cars – including things such as the types of cover, premium rates, renewal dates, and much more.
With many households today needing more than one vehicle insured, multi-car insurance is the best policy to give you full control over your cars’ coverage, as well as a range of other benefits the policy can offer.
How can multi-car insurance help you save money?
Due to the wide variety of benefits you can gain with multi-car insurance, this policy can help you save money in different ways, including, but not limited to:
- Discounts on your insurance premiums
One of the main benefits of taking out a multi-car insurance policy, is that you can gain discounted premiums for the cars you add.
With multi-car insurance, you can get a discount added to your premiums with every car you add to the policy – this includes the first car, once you’ve added a second car to the policy.
Therefore, you can save money simply by insuring your cars under this particular policy, instead of standard ones. It’s essentially the same as insuring every car under their own individual policy, except this way, you get discounted premiums.
Also, certain providers can offer you further discounts if one or more of the cars in your policy are electric vehicles. These cars are much more beneficial for the environment, so you can receive discounted premiums to encourage this type of planet-friendly driving.
- Unique coverage for each car
You can also save money with multi-car insurance through your ability to customize the specific coverage of every car, and tailor it to your unique needs.
It’s important to know that despite the fact that all your cars are insured under one policy, this doesn’t mean they all must share the same coverage. Just like with individual policies, you can customize the coverage for every car with multi-car insurance.
For instance, if you have a car that’s of more value to you in the policy – you drive it more often, or it has a higher price – then you can include more coverage for this car, such as breakdown cover or comprehensive cover, for example.
However, with less valuable cars, you won’t need to pay for the same coverage, and you can significantly lower it to a more basic level of cover.
This will save you money on having to spend unnecessarily on cover you don’t need for certain cars, whilst also ensuring you have optimal coverage where you require it.
If you want to start saving money on your car insurance, then be sure to consider a multi-car insurance policy now, to reap all the benefits this policy can provide.