Multiple Vehicle Insurance Policy.

[ringway]

Hope you can help

I have 3 cars and a MB Sprinter Van and I keep on shelling out for insurance for each individual vehicle.

I accept that they have to be insured for theft etc.

Given that I can't drive them all at once is there a policy that would cover all my vehicles and possibly save me some money and the hassle of renewing each policy individually?

Any help would be much appreciated

Paul.

 

[kraftwerk]

Google 'multi vehicle insurance.' I just did.

 

[ringway]

Google 'multi vehicle insurance.' I just did.

Cheers, I'll have a look

 

[peterg1965]

Admiral Group do some form of multi vehicle policies (Admiral + Elephant). They quoted me. Each car is individually covered with a seperate policy but they will mirror your no claims bonus across all the cars.

 

[ringway]

Admiral Group do some form of multi vehicle policies (Admiral + Elephant). They quoted me. Each car is individually covered with a seperate policy but they will mirror your no claims bonus across all the cars.

Many Thanks Peter.

 

[219]

Does that mean that if you have a bump in one car you lose NCD on all the others too ?

 

[Dieselman]

Does that mean that if you have a bump in one car you lose NCD on all the others too ?

Don't you anyway as you have to declare any accidents or claims, etc...

 

[ringway]

Don't you anyway as you have to declare any accidents or claims, etc...

Maybe I could get no claims protection across all 4 vehicles, but at what price

 

[clegsr]

I've got Admiral multi car - recommend it; you specify who can drive what car and all 3 of us get our individual no claims bonus - some of us have protected no claims etc whilst others dont, some cars third party only etc - you specify what you want.

Its quite clever that they quoted for all three cars based on adding them as their existing policies expired and then the whole thing runs as one policy (with still separate renewal dates per car and earning of no-claims bonus etc)

It cost about the same for all 3 as 2 of the cars cost when i did it separately.

 

[ringway]

I've got Admiral multi car - recommend it; you specify who can drive what car and all 3 of us get our individual no claims bonus - some of us have protected no claims etc whilst others dont, some cars third party only etc - you specify what you want.

Its quite clever that they quoted for all three cars based on adding them as their existing policies expired and then the whole thing runs as one policy (with still separate renewal dates per car and earning of no-claims bonus etc)

It cost about the same for all 3 as 2 of the cars cost when i did it separately.

Sounds just what I'm looking for

Many Thanks

Paul.

 

[Carrotchomper]

I suspect they can afford to build in a decent discount due to the reduced administration charges for them... A lot less hassle for you too!

 

[salesac1]

Beware that Admiral will try to charge you an admin fee for every little alteration you make to the policy, fair enough in some ways perhaps...but does detract a little from the great deal you thought you were getting at the start.
They were much cheaper than anyone else when I had to include my 18-y-o son on our second car last year. But after a year of no claims on either vehicle, my renewal quote has increased by over 30%....hmm, will be looking around again methinks. Especially as wife and son are not building their own claims history with Admiral - I understand when people say multicar may not pay off long term.

 

[Rory]

Beware that Admiral will try to charge you an admin fee for every little alteration you make to the policy, fair enough in some ways perhaps...but does detract a little from the great deal you thought you were getting at the start.
They were much cheaper than anyone else when I had to include my 18-y-o son on our second car last year. But after a year of no claims on either vehicle, my renewal quote has increased by over 30%....hmm, will be looking around again methinks. Especially as wife and son are not building their own claims history with Admiral - I understand when people say multicar may not pay off long term.

Couple of other points with Admiral, especially for owners of Mercedes etc, is that they only pay out based on the basic value of the car. They do not take option values into account which could be very significant, especially of the car is written off at under 12mths old.

Second thing is their renewals (based on both my kids having been insured with them for a few years) are always stupidly high. Use a comparison site and even on my 25yr old daughter's last renewal we knocked a clear £100 off. The best price was from Bell, and Admiral company. Call Admiral and they can see the price and they'll fiddle around for a bit and then match it.

 

[Spinal]

Don't you anyway as you have to declare any accidents or claims, etc...

Not really - you can have a bump and not lose your NCD. I have multiple vehicles, each insured with separate insurers/policies.

When I did have a bump a few years ago, it only affected the NCD for that policy, I still had 2years of NCD on another policy.

That's one of the reasons you can't use the NCD from one policy towards two different insurers at the same time (e.g. when buying a new car).

That said, matters always depend from insurer to insurer...

M.

 

[crockers]

As for how protected NCD works I would refer you to

http://www.mbclub.co.uk/forums/showpost.php?p=550466&postcount=6

 

[219]

Don't you anyway as you have to declare any accidents or claims, etc...

No , NCD only reflects LOSSES paid out on a particular policy .

Whilst it is true that you have to notify insurers of accidents , convictions or claims which might affect your renewal premium , a claim against one policy should not affect a separate policy as far as years of NCD entitlement ( and % discount ) are concerned .

The difference here is that you are insuring multiple vehicles on one policy , so make a claim with any one and you lose the discount applicable to the lot ! ( If NCD being "mirrored" across the other vehicles means what it sounds like ) .

 

[crockers]

The reason why insurers want to know about ALL accidents whether at fault or not is so that they can access their risk.

The basis of insurance if I remember correctly is...

"to pay a premium comensurate to the risk one brings to a common pool."

Therefore if you have a few accidents - that are not your fault - you might be seen as bringing a higher risk to the common pool....and therefore need to pay a higher premium.

I know it seems unfair ....

 

[MOCAŠ]

I've got Admiral multi car - recommend it;

Thanks for that. I just did an online quote, and it's come out substantially cheaper for my SLK and Fabia combined than it was for the SLK on its own at the last renewal. The overall quote for full-year cover on both cars represents an impressive saving of over £250, or 41%. However, I'll bear in mind some of the notes of caution expressed by others in this thread before deciding whether to switch.

I first looked into Admiral Multicar a couple of years ago, and the quote for my two cars at that time (the SLK and a C200T) came to a bit more than I could have got it for separately elsewhere, probably due to the fact that I had a few points on my licence back then. I ended up going with More Than, who offer to duplicate your NCB on a second car, which made a lot of sense at the time as I had full NCB on the SLK but was starting from scratch on the C200T. Not sure whether they'll do this for more than (no pun intended) two cars.

Someone suggested in this thread that Admiral also apply a single level of NCB across all cars on the policy, but it appears that this is not the case. They ask you to specify how many years you've earned on each car individually, and it states in their FAQs that if you make a claim (and your bonus isn't guaranteed or protected), then only the NCB for the car you're claiming against will be affected, so swings and roundabouts...

Also, from what I can see, the individual renewal dates for each car only apply until the next renewal, at which point you pay a pro-rata premium to bring the following renewal date into line with that for the first car you insured, so after the first year you end up paying a single premium on a single renewal date for all cars, which seems much more convenient (and cheaper to administer, of course).

However, Multicar only seems to be competitive for modern, day-to-day cars. I also have a couple of older cars on a classic policy, and adding them in to the quote worked out considerably more expensive that my current premium, despite having specified a low annual mileage for them.

 

[ringway]

Thanks for that. I just did an online quote, and it's come out substantially cheaper for my SLK and Fabia combined than it was for the SLK on its own at the last renewal. The overall quote for full-year cover on both cars represents an impressive saving of over £250, or 41%. However, I'll bear in mind some of the notes of caution expressed by others in this thread before deciding whether to switch.

I first looked into Admiral Multicar a couple of years ago, and the quote for my two cars at that time (the SLK and a C200T) came to a bit more than I could have got it for separately elsewhere, probably due to the fact that I had a few points on my licence back then. I ended up going with More Than, who offer to duplicate your NCB on a second car, which made a lot of sense at the time as I had full NCB on the SLK but was starting from scratch on the C200T. Not sure whether they'll do this for more than (no pun intended) two cars.

Someone suggested in this thread that Admiral also apply a single level of NCB across all cars on the policy, but it appears that this is not the case. They ask you to specify how many years you've earned on each car individually, and it states in their FAQs that if you make a claim (and your bonus isn't guaranteed or protected), then only the NCB for the car you're claiming against will be affected, so swings and roundabouts...

Also, from what I can see, the individual renewal dates for each car only apply until the next renewal, at which point you pay a pro-rata premium to bring the following renewal date into line with that for the first car you insured, so after the first year you end up paying a single premium on a single renewal date for all cars, which seems much more convenient (and cheaper to administer, of course).

However, Multicar only seems to be competitive for modern, day-to-day cars. I also have a couple of older cars on a classic policy, and adding them in to the quote worked out considerably more expensive that my current premium, despite having specified a low annual mileage for them.

Very Interesting