Most second car and multi-car insurance policies offer discounts on every car under the policy, so every car costs less to insure. If the cars are registered at the same address, you can apply for second car insurance policies. Any vehicles covered must generally be for private use only, while the drivers covered by the policy can only drive all the insured cars if they are registered as named drivers for them.
A month policy will generally start on the date that the last car insurance policy is up for renewal, with short-term cover used to protect the other cars in the interim. For example, if you have one car that needs to be insured from January and another in March, the January car will be insured first but the policy will actually renew in March when both cars are covered.
After the last car has been insured for a full 12 months, the policy will renew each year until you choose another policy. In short, nearly everyone can benefit from second car insurance. Second car policies can help to cut insurance costs for households with more than one car.
This includes families, couples or friends living together with more than one car, as well as immediate families with cars at different addresses. If you have a performance car or a classic car in addition to your day-to-day car, a second car insurance policy could help reduce your overall insurance outlays.
We are able to offer a mirrored no claims bonus to our second car policies. This is not the same as transferring your no claims bonus from one vehicle to another. With a mirrored NCB, you effectively enjoy the discount on both vehicles at the same time. Rather than cancelling your existing insurance policy, you can add new cars to the policy throughout the year as they reach their renewal date.
But some insurers will allow you to bring each car onto one multi car policy without having to cancel a current policy and facing a cancellation fee. Named drivers and no-claims bonuses With a few insurers named drivers can earn NCB, which can be helpful when they come to take out their own insurance policies. How your NCB brings down the cost of other insurance It varies across insurers, but your careful driving could cut the price of your buildings and contents insurance too, depending on the insurer.
How does my no-claims bonus affect how much I pay? Frequently asked questions. How many years of NCB do I have? By Simon Read First published 27 September facebook twitter. Did you find this guide useful? Yes No. Compare and save on your car insurance Start a quote. Car insurance guides and tools. New drivers insurance Find out more. Find out more. All guides and tools. GoCompare uses cookies. Your no claims bonus reflects that you have been a claim-free driver of that vehicle.
However, since it is also a reflection of your driving, it is possible to transfer your NCB from one vehicle to another. After a successful year without a claim with the same insurer, it is usually possible to transfer your NCB from one vehicle to another and from one insurer to another. You will need proof of your no claims to do this, which will usually be issued by your insurer upon request.
Some insurers automatically issue your proof of no claims with your renewal notice. Many drivers feel that the fact they have made no claims should be reflected when insuring any vehicle, for example second cars.
An important thing to remember about multi car policies is that although all vehicles are insured with the one insurer and usually share the same renewal dates, they are all independent policies; unique to the vehicle and drivers they relate to.
This is a good thing because should any one driver or vehicle be involved in an incident, only their policy and no claims will be affected, the others all remain intact. If you are the only named driver on a specific company vehicle and it is for your use only, some insurers may allow you to accrue NCB on that vehicle.
Providing you can supply written confirmation from your employer that no claims were made, you may be able to apply that NCB should you transition from a company car to a privately-owned vehicle, depending on your insurer.
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