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A guide to insuring a second car

A guide to insuring a second car

These days, more and more families are relying on multiple vehicles to suit their lifestyles. But, with average car insurance premiums for single cars reaching £702 (according to our Premium Drivers Report, June 2020), is it possible to save money on insuring a second car? Here’s what you need to know.

Daniel Hutson
From the Motor team
minute read
posted 03 JULY 2020

Multi-car insurance policies

Multi-car insurance covers more than one vehicle under the same insurance policy. It offers the same features as a single-car policy, but with the added benefit of a discount for the second vehicle. This could make it one of the cheaper ways to insure more than one car.

Multi-car insurance policies often cover up to five vehicles registered at the same address. Depending on your insurance provider, the more cars added to the policy, the higher the discount is likely to be.

A multi-car insurance policy could suit:

  • families living at the same address with more than one car
  • friends living together who have more than one car
  • couples who have separate cars
  • an individual with multiple cars.

It’s wise to shop around when looking for a multi-car policy though, as the discounts offered vary between insurance providers.

Separate car insurance policies

In some cases, it's cheaper to insure your second car separately. So it's always worth checking single-car quotes to see if they're better value for money.

Many insurance providers will still offer discounts on the second car, even with two separate policies. And if you're the registered owner of two cars, some providers even allow you to use the same no claims discount for both.

Other factors can affect the cost of car insurance

Bear in mind that factors such as your age, driving history, and the value and performance of the car will also affect how your car insurance is calculated.

It might end up being cheaper to insure your second car separately if:

Compare and save

Many insurance providers offer incentives for you to insure your second car with them. A great way to get a cheaper deal on car insurance for multiple cars is to shop around and see what’s on offer.

Comparing with us only takes a few minutes and could save you time and money. So, whether you’re looking for a single or multi-car policy, compare car insurance with us and see if you can save.

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