Can I get Second Car Insurance in My Own Name?
Caeva O'Callaghan | July 25th, 2022
Nowadays, two-car households are getting more and more common. And as children stay home longer, you may find yourself with multiple vehicles that you need car insurance for. But can you have them all under the same policy?
Yes, you can. That’s no problem. In fact, there is no limit to the amount of cars you can own and insure in your own name.
However, no claims bonuses only apply to the vehicle, not to the driver or insurance policy. If you own more than one car, you will need to build up a no claims bonus for each one.
In this article, we’ll answer the following questions:
- Can I have multiple cars on the same insurance?
- Can I insure more than one car in my household?
- Does my insurance cover my second car?
If you’re thinking about buying a second car, give us a ring. If you’re starting your no claims from scratch, you may be able to get a good introductory bonus based on your driving history.
Multi-car insurance policies
Multi-car insurance policies cover more than one vehicle under the same insurance policy. You’ll still end up paying more on your premium than for just one vehicle, but you won’t be paying the full amount you would if you took out a separate policy. This makes it one of the cheaper ways to insure more than one car.
Multi-car insurance policies may 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 you’re likely to get.
If one of these situations applies, a multi-car insurance policy could suit you:
- 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, as with any insurance. The discounts on offer will vary between insurance providers.
What is Mini fleet insurance?
Mini fleet insurance or small fleet insurance is a type of cover for people who want to insure four or more vehicles. Typically this would be a small household, but could also be useful for a small business. The vehicles you can insure could be cars, vans or a combination of the two.
When most people think of fleet insurance, they picture large trucking companies or taxi firms who have dozens of vehicles that need similar insurance. The truth is, large families with older children or even a household of students could benefit from fleet insurance.
When looking for small fleet insurance, it’s always recommended that you get quotes from specialist providers. Specialist mini fleet insurance providers will be able to offer you the best cover at the best price. Alternatively, give us a call and we’ll be able to find the very best price for your situation.
You do need to bear in mind, however, that named driver experience on a fleet or small fleet policy cannot count towards a single motor vehicle policy. This means that any learner drivers in your household won’t earn named driver experience if you have a small fleet policy, even if they are named as one of the drivers.
What is Fleet Insurance?
Fleet insurance is generally for businesses with many vehicles which need insurance. It makes it possible to insure multiple vehicles – from cars, minibuses, trucks, HGVs and taxis – on a single insurance policy. In general, when an employee is covered by fleet insurance, they will have cover to drive any of the company’s vehicles.
Fleet insurance isn’t an option for many households, simply because you need more vehicles to be eligible. However for extended households or if you’re starting a business, it’s good to know the facts.
Everyone who drives a company car must be listed on the company fleet insurance policy or your provider could deny your claim. Employees may also need to have special operator’s licenses depending on the type of vehicle your company has. Even if they have insurance to drive an HGV, this doesn’t necessarily mean they have the license to do so.
If you have any questions about fleet, mini fleet or multi-car insurance policies, don’t hesitate to pick up the phone. We’ll be happy to guide you through your options and make sure you have cover when you need it most.
If you have multiple cars, and are looking for insurance call us today!
If you have two cars or more and you are searching for car insurance call us and talk to our car insurance experts. We know the insurance market like the back of our hand and can advise you on the best options for your circumstances. We are available to talk to Mon-Fri between 8.30am and 5.30pm on 0818 224433 or 042 9359051.
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