A Householder’s Guide to Multi-Car Insurance

If you’re living in a household with multiple drivers, it’s likely there are multiple cars that reside at your home.

This means, just like with any car, you’re going to need insurance for each vehicle.

But, is there an easier way to insure multiple cars without the long-winded and costly process we’re used to?

The answer is yes. All you need is a multi-car insurance policy.

Read on, to learn what multi-car insurance is, how you can take out your own policy, and why it’s great for your household.

What is multi-car insurance?

Multi-car insurance is a special insurance policy that’s designed for drivers who own multiple cars. Essentially, this insurance allows you to insure multiple vehicles under one policy, instead of a policy for each.

With standard forms of insurance, you’d need to take out one policy for one car, to give it coverage. If you own more than one car, this means multiple policies for each car as well as multiple renewal dates.

However, this complicated and time-consuming process is unnecessary with multi-car insurance, which offers a smoother and more manageable way of insuring several cars. You get the same coverage for the same cars, just with one policy and one renewal date.

How can you take out a multi-car insurance policy?

Just like with any form of insurance, the first thing you need to do is contact your chosen insurance provider. Make sure they’re able to offer multi-car insurance, as well as doing so at the best premium rates – such as getting a multi-car insurance policy at Lemonade Car.

You’ll then need to enter several details about yourself, your driving history, and the cars you want to insure. The number of cars allowed on your multi-car policy can differ with each provider, but the maximum limit is usually four.

It’s also important that each of the cars on the policy is registered in the policyholder’s name, and all reside at one address. For example, you cannot include a car that you own but remains in another state, or one that resides at your house but is in your child’s name.

If you ever need to adjust the coverage on any of your cars, or you need to add a new car you might’ve recently traded, you simply need to contact your insurance provider to amend any important details.

Why is multi-car insurance great for your household?

There are many reasons why multi-car insurance is the perfect policy for your household. These include:

• Discounted insurance premiums

Multi-car insurance is great for your household since it allows you to get discounts on your insurance premiums, simply for adding cars to your policy.

With standard insurance, you’ll receive your quote for your individual car, and should you need to insure multiple cars, this process is repeated with each policy.

With multi-car insurance, each time you add a new car to the policy, you’ll automatically have a multi-car discount applied to the premiums. This will also be applied to the first car on the policy, once the second car has been added.

• Customizable coverage for your cars

Multi-car insurance can give you the full customizability you’d gain with individual policies, all whilst having the ease of only one policy.

You’re able to tailor your insurance coverage to suit your needs for each vehicle. For instance, a car with a higher value that’s driven more often, can have all the coverage extras you might need. A less valuable car that’s used rarely, can have the basic coverage applied.

On top of that, you can also customise who can drive the cars. Even though the vehicles must be in your name, you can add up to seven additional drivers on the policy, so others in your household can benefit from driving the cars as well.