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Mark Bower

Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.

Mark Bower is one of our Team of Experts

Interested in Multi Car Insurance policies?

With more multi car insurance policies around its worthwhile understanding the positives and pitfalls of these policies and where you can get them from.

Multi car insurance policies have been around a while, but whilst a few years ago the number of insurers offering such policies were few and far between there are now an ever growing array of companies featuring multi car policies.

They are particularly popular with families with provisional or young drivers. This is because the insurer can better balance the risks of an accident across a mix of low risk experienced parents, and the younger family members whose risk profile is less favourable.

One such insurer is Aviva Multi Car Insurance policies which comes from one of the UK's largest and most respected insurers.

The company expect 20% of customers to achieve the maximum saving of 1/3* when a second vehicle is insured on their Defaqto 5 Star rated MultiCar policy.

Advantages of the multicar policy include:

  • One policy, one renewal, one set of paperwork.
  • You can add a second vehicle when it suits you. You get a guaranteed quote now even if you'd like to add your second vehicle at a later date. The guaranteed price for your second vehicle will be valid provided no changes are made to your current quote.
  • You can choose different levels of cover and excess, for each vehicle.
  • You can cover cars and vans on the same policy.
  • Each vehicle's no claim discount is kept separately. So if one vehicle has an accident, the other vehicle's NCD isn't affected.
  • You only need to review your premiums once a year.
  • The Defaqto 5 Star Rating achieved by the policy provides you with independent expert reassurance about the quality of cover provided as standard, as well as options to tailor your cover.
  • Up to 1/3 off applied to the cheaper of the two vehicle insurance premiums. Both vehicles must be registered at the same address. Discount does not apply to optional extras.

Apart from the cost the main advantage of multicar policies is that you only have one renewal to deal with – but do aware that that can also be a drawback. If you rely on having your car insurance policies spread across the year, making the payment of them in affordable bites remember that a multicar policy means they will all fall together – for ever in the future. and it if that means you plan to use the instalment plans offered by insurers do check out the cost – as some are horrid!

An alternative is to use balance transfer credit cards or interest free options on credit cards – not always cheaper but often – so do consider them.

Another drawback is the inability to compare multicar policies on a comparison service, as it's a service not offered. An alternative is to use a broker – Adrian Flux for instance offer multi car policies over the phone. They don't quote online given the wide range of options and the fact that they find in most cases they can offer cheaper quotes once they have a discussion and fully understand your circumstances. This is particularly the case when insuring more than one car.

Call 0800 181 4542 for a multicar insurance quote and the team at Adrian Flux will be delighted to help. They are open from 9.00am to 7.00pm during the week and 9.00am to 5.30pm on Saturdays.