Multicar policy......
Discussion
Not entirely sure how they work so can someone clarify?
Basically the GF's insurance is due this month, in the last years shes had an at fault claim and in the last three years an sp30.
She now hows 2 years no claims.
I'm also insured on her car.
Current quotes seem to be coming in at around the 800 quid mark for us both on her car.
I'm also due to insure my MX5 in the next month or so - I usually pay about 400 quid with a specialist for it. I'm the only driver on this - the GF doesn't drive it.
Anyway stuck the details into Admiral to get a multicar quote and it came back at about 930 quid total.
Do both drivers earn seperate no claims?
Are these multicar policies really this cheap?
Have four cars on an admiral multicar policy and it works out a lot cheaper than individual policies. My car is a Jap import but is standard so there was no problem insuring it. Each of us gets our own no claims and only problem is when one of you wants to leave the policy as it can put the cost of the others up. Tried to swap my GTO for a modified GTR recently and they wouldn't touch it!
Yes, each driver earns their own NCB.
Yes, in my case, it did work out a lot cheaper for two cars. I took the mulit-car policy out in June on my car and had SWMBO's car added as a second car a week ago. They gave the quote for both cars back in June - full year for mine and a pro-rated one for the other car up to a June 2012 renewal (they also provided the equivalent full year price for the second car). They 'guaranteed' the premium for the second car and have just taken the payment for it and added it to the policy. So far so good.
The only downside is that you have to pay for both cars at the same time at the renewal date but that is also a benefit as, if you want to escape at renewal time you can easily then revert to insuring each vehicle independently.
Assuming we are claim free I will be interested to see if the premium increases significantly next year!
Yes, in my case, it did work out a lot cheaper for two cars. I took the mulit-car policy out in June on my car and had SWMBO's car added as a second car a week ago. They gave the quote for both cars back in June - full year for mine and a pro-rated one for the other car up to a June 2012 renewal (they also provided the equivalent full year price for the second car). They 'guaranteed' the premium for the second car and have just taken the payment for it and added it to the policy. So far so good.
The only downside is that you have to pay for both cars at the same time at the renewal date but that is also a benefit as, if you want to escape at renewal time you can easily then revert to insuring each vehicle independently.
Assuming we are claim free I will be interested to see if the premium increases significantly next year!
You no longer even need to live at the same address, I'm on my parent's multicar and don't live with them, Admiral are aware and are fine with this.
We have four cars on the Multicar, at it's peak it was five, we're making a massive saving on the cost of individual policies. As a family I'd guess at about £1K a year saved between us.
We have four cars on the Multicar, at it's peak it was five, we're making a massive saving on the cost of individual policies. As a family I'd guess at about £1K a year saved between us.
They were cheap for the first year but went up alot on the 2nd. Everyone is at this game, once your signed up they put the rates up. My last insurer (Direct Line) did this for years but I found if I cancelled and renewed on-line it was cheaper (they fixed it so it doesn't work anymore).
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