Multiple Car Insurance

[jdmave]

Hi All,

Given the crazyness of increasing insurance premiums I hoping one of you savy collective. Can point me in the right direction.


We have 5 cars in the household and was looking for a policy which would cover all as been using the various multicar policies over the years and the prices this year have literally doubled across the board....

Current Stable

2001 Audi TT
2005 Polo Tdi
2016 Mini Cooper
2020 Lotus Exige
2021 BMW M3


Last years price was £4k and you can guess this years.........Yep double (1 accident had in last 5 years across the 4 of us)
Low Crime Area
Cars Kept at Home (mix garaged and driveway)


Any sensible suggestions would be welcome otherwise its a case of working harder if want more toys.....


Regards

Jdmave

[Mr Tidy]

I only have 2 cars but have tried multi-car options a few times.

I've had decent quotes for one now and again, but never for both so I just get separate policies.

[AndrewCrown]

JD
Try Classicline Insurance

I pay around £1400 for my fleet (see my garage) , fully comp including MrsC

Edited by AndrewCrown on Thursday 18th January 02:20

[Rough101]

Binned the multi car two years ago, it was a decent lump more expensive than four policies.

[Jayho]

Some companies don't do Multi-car policies, but do discount for additional policies with them. Both my cars are with Churchill and insured both last year for £600. This is with non fault claims within the last 5 years. If my memory serves me correctly, Churchill also only take into account the driving history of last 3 years.

This way, it means I've got my full no claims on 1 car, and I'm building more on my second.

With you being in a low crime area and being quoted £8k, that's £1600 per car which seems very excessive.

Can all drivers named in your multicar drive all cars in the fleet? If so, it might not actually be too bad as I'm assuming (correct me if I'm totally off the ball), 2 of the drivers are your offspring and a bit younger so higher risk?

[PositronicRay]

I too have binned multicar policies, awkward to make comparisons, more hassle and more expensive.

Instead all cars are with the same insurer, who mirrors NCB across the 3.

[Tye Green]

AndrewCrown said:

JD
Try Classicline Insurance

I pay around £1400 for my fleet (see my garage) , fully comp including MrsC

Edited by AndrewCrown on Thursday 18th January 02:20

looking at your fleet that's a very good price!

[alscar]

Traditional multi car insurers include the likes of Direct Line and Admiral but these tend to be packaged and sold for convenience.
Private fleet policies are usually arranged via brokers.
HNW policies for fleets again through brokers.
I think your issue will be more about the number of drivers , ages and experience plus of course your claim - is that a large claim ?
£8k sounds an awful lot especially when rated against your total fleet value though.
I would try the likes of Aston Lark ( previously A plan ) and speak to a real person.

[itcaptainslow]

I’ve recently had a good experience setting up a “collection fleet” type policy with Howdens (formerly A-Plan in Thatcham). Number is on the website here - https://www.howdeninsurance.co.uk/thatcham - I dealt with Ben who seems pretty keen to foster a relationship with car clubs etc.

[alscar]

itcaptainslow said:

I’ve recently had a good experience setting up a “collection fleet” type policy with Howdens (formerly A-Plan in Thatcham). Number is on the website here - https://www.howdeninsurance.co.uk/thatcham - I dealt with Ben who seems pretty keen to foster a relationship with car clubs etc.

Yup Howdens owns AL and A plan now.

[s2kjock]

I recently renewed a multi-car (2 rather unexciting old cars, so total premium less than £1k) policy with Admiral and it had gone up c 15-20% from last year. I checked on comparison sites for individual quotes and it came out much the same overall - at least not worth the hassle of having 2 separate policies again and haggling etc

[DaveCWK]

I've always found multicar policies to be very poor value. As in, take the total individual premiums you could get by shopping around & multiply by 1.5-2.

[anonymous-user]

DaveCWK said:

I've always found multicar policies to be very poor value. As in, take the total individual premiums you could get by shopping around & multiply by 1.5-2.

Maybe for you, but not across the board:-

My Admiral 2 cars + house was cheap last year @ £690
Renewal next week - £1050

LV multi - £1400

Price comparison to split up - £1050

May as well suck it up with Admiral again..

[Robertb]

Plus one for Multicar being a total waste of time.

They lure you in with a cheap deal initially then you get stuffed the next year with a big increase and are left with insuring all the cars on the same date separately, and to move multicar provider takes just as long to requote as if the cars were separate.

Wish I’d never done it.