Multi car insurance is an efficient way to insure more than six vehicles to the same address via a single policy. Although all the vehicles are on the policy, each has its different level of coverage. You can choose how much extra cover you need to pay for each vehicle, and then you will accumulate your own individual no claims bonus (NBD). When you reach a certain NBD amount, your premium will reduce accordingly. However, you have to be aware that the level of protection afforded will be less than would be available if you had chosen to insure the vehicles separately. This type of auto insurance is appropriate for those who live in close proximity to several different cars at the time they require full coverage insurance.
Before you take out multi car insurance, make sure that you are only insuring those cars that you use on a daily basis. It should not be classed as emergency insurance. The level of protection provided must be adequate for your particular circumstances. For instance, if all six cars were hired on a daily basis and used rarely, then you may consider purchasing only single policy that will cover them. If you only insure the vehicles when they are involved in an accident, then the level of protection will be considerably less. If you only insure your daily drivers and do not use vehicles other than your daily ones, then multi-car or fully comprehensive insurance will give you the best level of protection.
Once you have decided which multi car insurance policy to go for, then you need to decide what level of protection you require. For instance, if you live in a village where you do not see many cars, then you may want to opt for a low NPDES permit. This will allow you to drive other people’s cars, provided you are insured and their policy is still in effect. This will make your premiums lower. On the other hand, if you live in an area where there are a lot of cars, then you will be required to get the full NPDES permit.
Once you have decided which level of protection you require, then it is time to renew your multi car insurance policy. If you have newly purchased a car, then you may be able to renew it directly with the insurer. However, if you have an old car, then you will be required to contact the insurer and apply for a new one.
When applying for a new multi car insurance policy, you will need to list all of the cars that you will insure. This means that you will need to list them in order of priority. The cars listed first will have higher premiums than those that are listed later in the order. However, you can ensure two cars together at the same time, provided that you have adequate cover. You should check with the insurer to make sure that this option is available for your vehicle.
There are also special multi car insurance policies that are offered if you buy more than one automobile. If you insure more than two cars, then you will have to find a different way to pay for the premium. You could look at getting a discount or a special reduction. A number of insurers will do this for you if you prove that you have more than two cars. However, you will have to convince them, and show them that you have more than two cars.
If you intend to use your electric vehicle for business purposes, then you will also need to find some protection for your business assets. You will not be able to insure your personal assets such as laptops and mobile phones with these vehicles. Therefore, you will have to look at other forms of protection. Some insurers will insure your electric car for your business vehicles at the same time, although this may be an additional premium. However, it is an option that many insurance companies will consider.
The multi-car policy will protect your cars and whatever else you might be carrying with you in your car. However, you will still have to find a different policy to cover your personal possessions like laptop and mobiles. It is a good idea to get advice from an independent insurance broker who can help you compare the cost and the various options that are available. By shopping around, you will find a suitable package for your needs, at a price that suits your budget. The online insurance services could help you to make comparisons in your own time, which could save you money and time when looking for a multi car insurance policy.