Can you insure more than one car on a policy?
On a standard insurance policy, you will not usually be able to insure more than one vehicle. However, other types of insurance policies may permit you to insure multiple vehicles. Read our guide below to find out more on multi-car insurance options.
What is multi-car insurance?
Multi-car insurance policies typically offer cover for up to five vehicles under one single insurance policy, often with varying levels of cover for each vehicle. These policies are helpful if you have more than one vehicle in the household, as not only will you have one set of documents and one renewal date for all of your vehicles, but insurers will sometimes also offer discounts for adding more vehicles to your policy.
What is fleet insurance?
Fleet insurance is often available to businesses that have five or more motor vehicles. To take out a fleet car insurance policy, you usually need to provide your insurer with details of any licenced drivers that will be using the vehicles.
How much is fleet insurance?
Usually, fleet insurance is an additional payment that is required when vehicles are added onto the policy. On payment of this amount, the policy holder can add vehicles onto the policy mid-term.
A fleet car insurance policy can be helpful to businesses that own multiple vehicles from an administration perspective, because all vehicles will have one annual renewal date and one set of policy documents. It can also be more cost-effective to certain businesses, because the more vehicles that are added to the policy, the more competitive the price is likely to be.
If you have fleet insurance, you should check with your insurance provider as to whose responsibility it is to update the Motor Insurance Database (MID). On a single car insurance policy, it is standard for insurers to update the MID on your behalf – this is one of the ways in which the authorities can track who is driving uninsured. However, with some fleet car insurance policies it will be your responsibility to update the MID with details of which vehicles are being added to or removed from cover. One of the ways you can check whether your vehicle is insured is to ask MID.
Car insurance from Endsleigh
Whether it’s an unexpected breakdown or a flat tyre, it’s important to ensure that you’re safe on the road – especially if you’re responsible for multiple vehicles. Contact Endsleigh today for more information on our comprehensive car insurance policies.