There are a variety of options available to a client that may wish to insure more than one car. If the number of cars is large, say four or more, then fleet insurance may be the most viable option. However, should there only be two or three cars requiring insurance a choice of the following can be applied for cover:
With the first option above, two cars can operate under their own individual policies with both policies being eligible for no claims bonuses. The insurance would likely be generic however by taking out two policies at the same time it is possible to reduce premiums for both, especially if the client were playing one insurer against another.
Often known as ‘multi-car’ (or multiple-car), this policy is similar to the above in that two or three cars are covered for insurance, however each vehicle will share the same policy rather than having their own. This would mean that only one no claim bonus would be awarded; however by combining multiple vehicles under one policy, this greatly reduces the premium amount. This type of insurance is also now offered by some insurers in combination with house insurance as a special package also.
In a similar fashion to the above multi-car policy, specialist insurers may also offer the option to the client for two or more cars to be insured under one address. This is ideal for families and house sharers in particular and again results in cheaper premiums compared to two or more individual policies.
Lastly, if one client owns more than one vehicle, both may be included under a single policy. This may not be relevant for certain types of vehicle such as high performance sports cars, however these policies cover most types of vehicles. One must make sure an insurers terms and conditions are understood with regard to the above two car insurance options.
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