Multiple car insurance policies

Thousands of people own 3 vehicles or more. They might be a mix of cars, vans, HGVs, horseboxes, caravanettes and motorcycles, but the fact is the owner can only drive one of them at a time.

Family Fleet is a driver-based policy whereby all vehicles are covered under an umbrella policy; the more vehicles with the least number of drivers, the bigger the savings.

Multi-car cover allows you to use a single policy to cover multiple vehicles. Some providers will cover up to five vehicles under a single multi-car policy provided they are all registered to the same address - which means that an entire family could be covered under the same policy, provided they all live at the same address.

A multi-car policy is a lot like buying your insurance in bulk - because multiple people are protected by the same policy, your insurer can reward you with lower prices for that cover in the same way that energy companies will often offer you discounts on dual fuel energy bills. You are making their administration process simpler and also bringing more business to the company.

However, buying a multi-car policy does not always work out cheaper, and as such it's always worth exploring both options before you make a decision.