Find the cheapest multicar insurance quotes
If you've more than one car in your household, then it may be worth getting them insured on one policy – this is known as multicar insurance. However, it's not always the cheapest option, so this guide tells you how to check and compare multicar and single-car policies to ensure you're always getting a cheap deal.
What is multicar insurance?
Car insurance, at its minimum, protects other road users if you crash into them, their car or their property. You can also opt to cover your car if it's stolen, set on fire, broken into, or if you're involved in an accident.
Multicar insurance policies do exactly the same job, except that you can insure two or more cars on the same policy.
The main reason for doing this is that it can be cheaper having two (or more) cars on the same policy than having each car on its own individual policy.
However, it's not clear-cut – sometimes multicar policies will be cheaper, and sometimes separate policies will be cheaper. Our guide takes you through it step by step so you can find the cheapest policies.
Should I get multicar insurance?
If you have more than one car in your immediate family or household, it's definitely worth checking, and having different renewal dates needn't be a blocker. For some, discounts for adding multiple cars could save £100s, or even £1,000s, but for others it could actually be more expensive.
What tends to happen is multicar newbies get offered hot deals to suck 'em in, but that advantage can disappear at renewal.
Martin's rule of thumb:
If you've currently got a multicar policy, check separate quotes for each vehicle first – if you've separate policies, check multicar first.
Sometimes getting multicar insurance works...
I saved £500 by sticking both my and my wife's car on a multicar policy.
MoneySaver Kam, via Facebook
And sometimes it doesn't...
Multicar insurer wanted £1,600 for three cars. We shopped around – total with three separate policies, including my son's car, is £720.
MoneySaver Peter, via email
How to find cheap multicar insurance quotes
As comparison sites don't offer multicar discounts, you'll need to check the multicar price directly with the insurers below, and then compare those prices with the individual policy costs you get using comparison sites.
Our simple, four-step guide takes you through it...
The three insurers above let you set up a policy at your first car's renewal, while the other car(s) stay with their existing insurer, until their renewal.
If you need a multicar quote for several vehicles with different start dates, this is how it could work:
You get cover for your lead car to start in three weeks' time, car two to start in seven months and car three in 10 months. Cars two and three will stay insured with their existing insurer until their current policy ends, at which point they'll move across to the multicar policy, for the remainder of the year.
When you pay for the additional car(s) and when the discount kicks in differs between the three providers...
|Admiral||At point of quote||When you accept quote or when its cover is to start||Yes (plus admin fee)||No, but must be immediate family|
|Aviva||When cover starts for extra car||When its cover is to start||No||Yes|
|LV||At point of quote||When you accept quote or when its cover is to start||No, but will get less discount at renewal||Yes|
Then, once your multicar policy ends, all cars will then be up for renewal at the same time.
How to compare prices
If you want your multicar cover for all your vehicles to start at the same time, it's simple – you'll just be given one total cost. For different start dates, you'll be given a total price to pay, which'll cover all the cars (you just pay for however long each car is insured for), and you'll also be given an 'annual equivalent price', as if all the vehicles were insured for a full year, to help you compare against other providers.
Some other insurers will give a reduction in price for each additional policy you add, while keeping the policies separate. This can be an especially easy route if an insurer already covers one of your cars, so check the price when the second car's up for renewal.
These are the insurers that have confirmed that they offer discounts for a second car:
Plus, Direct Line* and Churchill offer discounts on your car insurance if you have a policy for another type of insurance with them, for example, home insurance.
If you're not already a customer, you can take out two policies in quick succession to get the discount (though only do this if the insurer's policies prove cheap in step 3 below).
Sometimes it will work out cheaper to get individual policies for each car, rather than linking them. As no single comparison site captures the entire market and prices vary, combining a number of sites is the best way to make a saving.
It's best to use all four, but if you don't have time, we've ranked them in order of the sites that most often return the cheapest quotes, so you've the best chance of bagging the top deal.
When ranking comparisons, we want to get you to use the best ones as quickly as possible. We focus principally on price, as depending on who you are, you can get cheaper quotes on different comparison sites.
Ranking on price
We analysed the prices of a large range of insurance quotes given by Compare The Market, Confused.com, Gocompare and MoneySupermarket.
- Step 1. We check how many times each comparison site returned the cheapest or within £5 of the cheapest quote.
- Step 2. We rank the comparison sites based on their 'score' in the first category.
- Step 3. We assess how often each comparison gave a unique cheapest quote, ie, not just equal cheapest with a higher-scoring comparison.
- Step 4. We alter the order to see if it's possible to increase the speed with which you access the cheapest quotes.
Here are the latest scores
This month's results show that MoneySupermarket gives the cheapest quote 54% of the time – the most out of the four comparison sites.
Get a quote from MoneySupermarket and Confused.com and MoneySupermarket and you'll increase your chances of getting a cheaper quote to 84%.
To improve your chances of getting the cheapest quote 96% of the time, get a quote from MoneySupermarket, Confused.com and Compare The Market.
Don't forget to get a quote from Gocompare as well, to further improve your chances of a cheap quote.
Follow this order if you're aged 25+, do not have more than three penalty points on your licence, are claim/accident-free, and it's not a company car (if you're under 25, see our Young Drivers' Insurance guide).
Yes and no. Comparison sites send your details to a raft of insurers, then use the information on your credit file to judge your quote. This leaves a 'soft search' on your file which you can see as a reference if you get your credit report – but this worries many people.
Yet crucially lenders CAN'T SEE these soft searches, so they have no impact on your ability to get credit in future. The only time a 'hard search' – which lenders can see – may go on your file is if you then go on and actually apply for insurance; specifically pay-monthly insurance. (Because in effect the provider pays upfront for you and you then repay the loan over 12 months.)
More info can be found in our Will buying insurance from a comparison site affect my credit score? guide.
All the main comparison sites currently include gifts for every policy you take out – so here we list what they are offering to win your business.
Get a car insurance policy through MoneySupermarket and you can get up to £150 of vouchers for car repairs (such as tyres, air conditioning, oil change and other servicing).
Buy a policy through Confused.com and you can choose a £20 voucher to use at Halfords or Domino's, 12 car wash vouchers or a Hello Fresh recipe box.
With Compare The Market, for each car insurance policy you buy through it, you can get 2for1 cinema tickets and 2for1 at 1,000s of restaurants for a year (see Meerkat Movies and restaurant trick for full details).
Finally, buy through Gocompare and it will reimburse you your excess (up to £250), and give you a voucher that gets you a £10 MOT.
But remember: always be guided by the comparison site that offers you the cheapest price for a policy that meets your needs. Don't pick one comparison site over another based only on the freebies it offers.
Plus, get a quote from an insurer you won't find on comparison sites...
As we've said, comparison sites don't capture the entire market. For example, one large and often competitive insurer – Direct Line* – only offers its products directly. Get quotes and compare them with your cheapest from a comparison site.
Buy a new car insurance policy via this Admiral* link by 31 Dec 2021 and you can get a £60 Amazon, Love2Shop or M&S voucher (use this Admiral* link for the £85 MultiCar voucher). We've included both offers here, as which you may choose will depend on whether multicar or standalone policies worked out cheaper for you in the steps above.
You should receive an email about 90 days after the purchase date, which will have instructions on how to activate your voucher. Do follow the instructions within 90 days of receiving them to avoid missing out on the voucher.
To qualify, you must be a new Admiral car insurance policyholder, and it must be a new quote – not a retrieved or saved one.
Standalone insurance policies looking like the best deal...?
If getting standalone policies for each car proved to be your cheapest route, check our full Step-by-step Car Insurance guide to see if you can drive the cost down further.
How to complain about your insurance provider
The insurance industry, and this includes car insurers, doesn't always have the best customer-service reputation, and while a provider may be good for some, it can be hell for others. Common problems include claims not being paid out on time or at all, unfair charges for changing address, driver or car, or exclusions being hidden in small print. It's always worth trying to call your provider first, but, if not, then…
Clever ways to calculate your finances