Multicar insurance...quite surprised!

[E31Shrew]

Just tinkering on the www as you do and tried out the Admiral thingy. Have heard its not quite as good as it's all cracked up to be but was pleasantly surprised.

Me and wifey only. Both 53 with no convictions blah blah.

BMW 840 Sport
Mazda Bongo 2.5 V6 camper
Alfa 147 1.9JTD

Total just over £600.00

All limited to 5000 miles max but no problem between 3 cars.

Seems pretty good to me.

Anyone actually taken out a policy where all changes in the small print?

[ED209]

Our admiral multicar policy is due renewal at the end of the month. Its complicated by the fact that i know my x reg mondeo snotter is being replaced by an evoque in march. I was keen to know what the evoque would cost so i told the girlfriend to get quotes on her car/mondeo and also her car/evoque just so i knew that whn i change the policy on the evoque when i get it they wont take my eyes out.

Even though she got 3 points for a red light recently the quote was ok. i think it was 740 all in to insure her juke and the evoque. This compared very favourably to the prices the comparison sites were giving for just the evoque only which were between 800 and 1000 quid.

It was about 160 quid more a year to insure a juke and a 30k evoque on multicar than a juke and a £500 modeo!

[Hybrids]

We have just started a Family Fleet policy with Richard Eigar Insurance.
Audi A4 & Jeep Grand Cherokee together for little more than Amdiral were charging us for just the Jeep

[Beeby]

It's funny because I tried Admiral Multicar this week and found that it was more expensive than getting two quotes from seperate companies. I'm 32 no points etc. This was quoting on a Honda Jazz and Seat Toledo. I guess it all depends on the car and driver as to what works out cheaper.

[tbc]

just curious, where can i buy an Evoque for 30k?

some guy in my street has one for the school run and he paid around 60k

[sjg]

tbc said:

just curious, where can i buy an Evoque for 30k?

some guy in my street has one for the school run and he paid around 60k

A basic 2WD 5-door with the 2.2 150bhp diesel engine and no options is £28k. The top spec one with no options is just under £40k - and even fully optioned up it's hard to get much past 50.

[100 IAN]

From my experience Admiral Multicar policy whilst cost effective in the 1st year then jumps dramatically at renewal.

I took one out 3x years ago, last year at renewal it jumped dramatically but as i had no time to shop around i renewed with them. NB. I did complained and they gave me some discount 'because i was a good customer'.

This year they tried to double the premium so i shopped around and Lockton's were half the cost of Admiral. Lockton's policy also included breakdown cover on my RR sport, Volvo XC70, and Saab Convertible and trackday cover on my Ferrari 456.

[matthias73]

tbc said:

just curious, where can i buy an Evoque for 30k?

some guy in my street has one for the school run and he paid around 60k

Did he have the seats covered in the hide of dragons from patagonia?

[R182]

100 IAN said:

From my experience Admiral Multicar policy whilst cost effective in the 1st year then jumps dramatically at renewal.

I took one out 3x years ago, last year at renewal it jumped dramatically but as i had no time to shop around i renewed with them. NB. I did complained and they gave me some discount 'because i was a good customer'.

This year they tried to double the premium so i shopped around and Lockton's were half the cost of Admiral. Lockton's policy also included breakdown cover on my RR sport, Volvo XC70, and Saab Convertible and trackday cover on my Ferrari 456.

This is the same experience I have had on their (well Elephant, but you know what I mean) single vehicle policies. My family have had the same issue on the multi-car. To get around it, simply do a fresh quote and you should be pleasantly surprised. It has worked for us on an annual basis and we are not misleading them, it is simply them jacking up their premiums arbitrarily.

[E31Shrew]

100 IAN said:

From my experience Admiral Multicar policy whilst cost effective in the 1st year then jumps dramatically at renewal.

I took one out 3x years ago, last year at renewal it jumped dramatically but as i had no time to shop around i renewed with them. NB. I did complained and they gave me some discount 'because i was a good customer'.

This year they tried to double the premium so i shopped around and Lockton's were half the cost of Admiral. Lockton's policy also included breakdown cover on my RR sport, Volvo XC70, and Saab Convertible and trackday cover on my Ferrari 456.

Locktons do a multicar thingy as well?

[YeahYeahWhatever]

ED209 said:

... Its complicated by the fact that i know my x reg mondeo snotter is being replaced by an evoque in march. ...

I really dislike the term 'snotter'

[Risotto]

The only downside I found was that while the company who sell you the multicar policy allow all named drivers to accrue their own NCB, they don't mention that a lot of other companies will refuse to recognise any NCB accrued as a named driver on a multicar policy. Obviously this doesn't matter while you're on the multicar policy but when the premiums go up and you decide to take your custom elsewhere, you may be in for an unpleasant surprise.

[ZOLLAR]

Risotto said:

The only downside I found was that while the company who sell you the multicar policy allow all named drivers to accrue their own NCB, they don't mention that a lot of other companies will refuse to recognise any NCB accrued as a named driver on a multicar policy. Obviously this doesn't matter while you're on the multicar policy but when the premiums go up and you decide to take your custom elsewhere, you may be in for an unpleasant surprise.

I think we've been through this before Risotto, named drivers build a NCB that they can use within the admiral group should they take out a policy in their name.
This is the same with almost all other insurance companies, admiral has no control as to whether another insurer will accept the NCB or not it has nothing to with admiral and everything to do with the insurer you're moving to.
An insurer doesn't even have to accept the policyholders NCB if they don't want to, it is not a right it is a benefit.

[Risotto]

ZOLLAR said:

Risotto said:

The only downside I found was that while the company who sell you the multicar policy allow all named drivers to accrue their own NCB, they don't mention that a lot of other companies will refuse to recognise any NCB accrued as a named driver on a multicar policy. Obviously this doesn't matter while you're on the multicar policy but when the premiums go up and you decide to take your custom elsewhere, you may be in for an unpleasant surprise.

I think we've been through this before Risotto, named drivers build a NCB that they can use within the admiral group should they take out a policy in their name.
This is the same with almost all other insurance companies, admiral has no control as to whether another insurer will accept the NCB or not it has nothing to with admiral and everything to do with the insurer you're moving to.
An insurer doesn't even have to accept the policyholders NCB if they don't want to, it is not a right it is a benefit.

Yes, we've been through it before. What I said is true, as is what you said; but the fact remains that in 20 years of driving, the only time an insurer has refused to recognise either my or my wife's NCB is when that NCB has been built up under one of your multicar policies.

I'm not saying it's a fault on your part but nor do I think it's unreasonable to mention the scenario in threads where people are asking if there are any potential pitfalls with multicar policies.

From a quick look online, it seems some providers do mention the issue in their FAQs: "The Named Driver No Claims Discount earned can be used against a Privilege policy of their own in the future. However, it may not be recognised by other insurers."

Does Admiral? I had a quick look but couldn't see anything obvious.

Edited by Risotto on Friday 6th January 21:26

[DavidHM]

Risotto said:

Yes, we've been through it before. What I said is true, as is what you said; but the fact remains that in 20 years of driving, the only time an insurer has refused to recognise either my or my wife's NCB is when that NCB has been built up under one of your multicar policies.

I'm not saying it's a fault on your part but nor do I think it's unreasonable to mention the fact in threads where people are asking if there are any potential pitfalls with multicar policies.

Froma quick look online, it seems some providers do mention the issue in their FAQs: "The Named Driver No Claims Discount earned can be used against a Privilege policy of their own in the future. However, it may not be recognised by other insurers."

Does Admiral? I had a quick look but couldn't see anything obvious.

Edited by Risotto on Friday 6th January 21:24

Serious question though, is Multicar actually one policy with different named drivers or is it a household basket of policies, which allows different policyholders? If it's the latter then there's no reason for Admiral to mention it because different insurers would surely recognise NCB if there are two cards insured in the same basket under different people's names.

[ZOLLAR]

Risotto said:

Yes, we've been through it before. What I said is true, as is what you said; but the fact remains that in 20 years of driving, the only time an insurer has refused to recognise either my or my wife's NCB is when that NCB has been built up under one of your multicar policies.

I'm not saying it's a fault on your part but nor do I think it's unreasonable to mention the scenario in threads where people are asking if there are any potential pitfalls with multicar policies.

From a quick look online, it seems some providers do mention the issue in their FAQs: "The Named Driver No Claims Discount earned can be used against a Privilege policy of their own in the future. However, it may not be recognised by other insurers."

Does Admiral? I had a quick look but couldn't see anything obvious.

Edited by Risotto on Friday 6th January 21:26

No idea off the top of my head as my documents are in work, I'll check tomorrow and get back to you.
If it isn't noted I'll pass the suggestion on