Benefits Of Multi Car Insurance Plans
In the UK at least, the cost of car insurance has risen steadily and substantially over the last few years. Most people know about ways to save money such as through your no claims bonus, but you may not know that there is another way to save if you own more than one car that needs to be insured. Multi car insurance plans can be a way to bring down your premium costs when several vehicles are at the same address. When you have more than one policy you could well be spending more money on car insurance than you need to. Individual policies very often cost more than having all of your cars on one policy. It is easier to have one policy with several cars on it. Instead of having several policies to keep track of you will only have one.
A multiple vehicle insurance plan is a single policy that covers all of your vehicles, or all vehicles at one address, even with different drivers. When you have a single policy and multiple cars you should be able to save money. Insurance companies have a lower overhead and admin cost when several vehicles are combined on one policy, so they can pass savings on to you. As with standard policies, you can get multi car insurance in either fully comprehensive or third party policies. That means you get as much protection as you want on all of your cars. You can find multiple car insurance online or offline but usually you will find better prices for it online. Again, this is usually because the costs of selling online are lower for the insurer, so they can pass the savings on in cheaper policy costs.
How much protection do you want on your cars? Comprehensive is the best cover you can buy, but it is quite a bit more expensive. It will cover damages to the other driver and your vehicle as well. That means you do not have to worry about expensive repair bills to get your car repaired. As you know getting work done on your car costs a lot of money. That is why many people choose comprehensive. That way they know they will be able to get their car fixed. Third party will pay for the other driver’s injuries and repairs to their car but it pays nothing for your car. It is much cheaper than comprehensive. You will not have to worry about paying for the other driver but you will have to repair your own vehicle yourself.
It is best to compare car insurance and to do that you can use the internet. There are even websites that will compare for you and show you the best prices. While comparing you will want to check prices on individual policies as well as multiple vehicle plans to make sure you are indeed going to save money. There are still some occasions when it is cheaper to buy individual, so do not rule this option out.
One thing for sure is that the multi car option is easier on you to manage. Instead of having several policies that you have to keep track of there will be only one. When you have all of your cars on one policy, you will have to come up with a lot of money at one time. You can get your payments set up monthly to make it easier to pay. When you have multi car insurance there is only one due date. With individual policies you will have several that will have to be paid at different times of the year. It is easy to lose track of individual due dates, which makes the multiple car option easier.
Source : https://ezinearticles.com/?Benefits-Of-Multi-Car-Insurance-Plans&id=7057248