by stefan einz » Thu Mar 05, 2009 12:08 pm
Multi car policies are common the continent, but not in the UK, although as you note, of the big retail insurers Admiral are now advertising a policy.
However, there are some excellent multi car policies available from some of what I will call the "high end" insurers, such as Chubb, Hiscox and Zurich.
I have a Chubb Masterpiece policy. I select one car as my "principal" car, and then the other cars are for occasional use. The premium is remarkably good (around 1.5-2% of each car's value). The real benefit is the level of cover, which is superb. For example, all cars are insured for an agreed value; I can drive anyone else's car fully comprehensive; anyone car drive my cars fully comprehensive; and full breakdown cover (the service is way better than normal).
The other benefit is that they assess risk without reference to no claims (there is no such thing on this policy). Making a claim does not automatically increase your premium - it just gets taken into account, along with all the other factors, when the underwriter assesses the premium. What I do each year is prepare a spreadsheet showing the values of each car, the mileage I have driven them over the past 2 years and plan to drive for the current year, where they are kept, security systems (eg, trackers), details of my driving history (including qualifications) and any claims / incidents. It is reassuring to know that an underwriter, not a computer, then assesses the premium.
Zurich and Hiscox offer similar polices.
The only issue is that these policies are not competitive in price terms for one car (indeed they often won't insure for just one car unless it is high value). However, if you bundle in house insurance (again typically more expensive than the high street, but way better cover) it can work with a lower value car.
Having previously had to pfaff about with several individual policies, different renewal dates, keeping track of NCB etc. it is a real joy to be insured with a highly professional company who just make the renewal process so easy. And when I have had to claim (non fault, I hasten to add!), they could not have been better.
Recommended without hesitation.
Kind regards
Steve