The majority of insurance companies which provided multi car policies are able to cover 4 or 5 cars, provided that they are all registered to the same address. These policies don’t need to cover the same driver or the use of the driving. For instance, several family members could be placed on a single plan even though some of these may use their vehicles for work purposes, whilst other may just be low mileage. Likewise, the vehicles can be a complete assortment of models, whether 4x4s, convertibles or a family saloon they can all go on to a multi car policy.
A further benefit of multi car insurance is that many of the providers will cover cars even if they have different renewal dates. This is an excellent option for those who do not wish to align their dates, which can prove expense the first time it is done.
Taking out a multi car insurance policy can offer savings of over 20% in comparison to having single policies. However if each of the cars listed on the insurance have to be paid for in one instalment, this large payment makes it unfeasible for many parties. As a result, nearly all insurance companies are now offering the multi car policy as instalment payable, spreading the cost out across 12 months. As a further benefit, some providers are also offering the instalment plan on interest free terms.