Have many cars at home? Worried about expensive insurance expenses? Forget it. Multi car insurance works out cheaper than you’ll ever expect. Sometimes, car insurance is a bit confusing provided with its limitations and various exclusions. There is always a need to read that small print of the policies you’re interested in and deal with a specialist to do website research for the cheapest quality premiums that will cover all your cars’ insurance.
Multi car insurance works just a bit the same from availing an individual insurance for each car. Aside from its money- saving features, there are also premium packages for which you’ll surely enjoy most. Many firms offer discount of up to a third if you will insure more than a single car under the same policy so there would just be one renewal date and one premium.
How does multi car insurance work? Simply, it offers just the same with what you get from a standard cover. What makes it different is that you will insure more than a single car. It usually covers between two and fiveto six cars but more cars to be insured means bigger money to save! For instance, you could earn a 10% discount for two cars, but up to 30% for five cars. However, the cars should normally be exclusive for private use only as most insurance firms won’t cover commercial vehicles.
Anybody could be the policyholders of the multi car insuranceas long as they’ll be living at the same address- be it your family or friends, or even to your business partner living next door, wanting to insure his private car.You might also wish to insure your own and your husband’s car under the multi car insurance policy. Or maybe, your living with a group of five friends and wish to insure all five cars you have. They’re all made possible with multi car insurance. These cars could all have different named and main driver. You are also given the freedom to choose different excesses and assorted cover levels for each of the vehicles. For example, you could only drive your car after weekdays so you can choose to opt for a large excess and limited mileage. On the other hand, your son might drive his car to and from his office daily so you can choose small excess and an unlimited mileage.
But always keep in mind that the multi- car insurance policy never gives you the automatic right in driving each insured vehicle. You could only take and drive the car if you are the named driver in the policy so have all information verifiedupon arranging your cover.
It’s quite questionable that all the cars in a multi-car insurance policy will have same renewal date. But actually, you are free to set up your plan with one car then add another when its existing cover expires. Most multi- car insurance firm guarantee their original quote for succeeding vehicles provided that there will be no change in cars or circumstances.
Multi car insurancemay seem to work out less expensive than single policies, but it would still be a bit costlydue to the the number of carsinsured under a single policy. That’s the reason why lots of customers preferpaying in monthly installmentsinstead ofup front. However, also keep in mind that those insurers in the multi-car insurance firm usually charge an interest plus some required fees in monthly payment plans, so the convenience depends on the price.