Two cars on one Policy ?

TimMcC

Hi

Is it possible to have 2 cars on one insurance policy .
I have a small car which I use for day to day driving but also looking for something for occasional weekend use which would be used for towing .
Is there any cheep way of doing this ?.

Thanks

Seth Brundle

Generally not. You would usually have to take out a second policy and start a new NCB on it

Mr Benevolent

Not a hope unfortunately. Each private car must have separate insurance.

Seth Brundle

I'm fairly sure thats not the case. The only must is that each car is insured. There is nothing (legislation-wise) that says they must be insured on separate policies.
Keeping them separate is just something that suits the insurance companys!

Mr Benevolent

There is nothing (legislation-wise) that says they must be insured on separate policies.

For motor fleets and the like, you're right. For private cars it's 1:1.

tin79

if you have to get a second vehicle for the towing an old commercial jeep might be best bet. would work out pretty cheap

Seth Brundle

Confab wrote: »

For motor fleets and the like, you're right. For private cars it's 1:1.

Have you a source on this?

biko

They have it in UK, you can check if the companies have branches in Éire
http://www.aph.org.uk/multiple-carinsurance.php

As you are only taking out one policy with multiple car insurance and not several, it is much cheaper.

I think insure.ie has this but not 100% sure.

robtri

Confab wrote: »

For motor fleets and the like, you're right. For private cars it's 1:1.

this is not true, there is nothing legal wise that requires this.... there is nothing stopping insurance companies from issuing to individuals one ploicy for more than one car... is just that they don't....
and if you take out a seconf policy a lot of companies will allow you your full NCB on both policies, I know I have it across 3 cars at the moment....

ednwireland

talk to your local brokers the big companies won't touch you cos its too much hassle, a bit like when i was self employed hibernian told me i had full business cover till i asked for it in writing then i didnt ! went to the local brokers an extra 70 euro and got full class 3 business. but you wont find out till you ask

Anan1

Confab wrote: »

For motor fleets and the like, you're right. For private cars it's 1:1.

For normal car policies I think you're right. AXA, however, will let you have up to four cars on a classic policy.

Mr Benevolent

I work in insurance, it's what my company does and I'm told it's fairly standard across the board. As Anan1 mentions though, classic cars are generally excluded. In general though, the rule holds for private vehicles.

Seth Brundle

But AFAIK its a situation created by the companys and not the law! Can you prove otherwise?

Mr Benevolent

There's no law against it, it's based on insurance guidelines. Most companies follow the same guidelines, and besides, having a single private insurance policy with multiple cars would lead to a reduction in revenue from the insurer's point of view.

From the insured's view though it's a good idea.

Seth Brundle

Confab wrote: »

There's no law against it, it's based on insurance guidelines. Most companies follow the same guidelines, and besides, having a single private insurance policy with multiple cars would lead to a reduction in revenue from the insurer's point of view.

From the insured's view though it's a good idea.

erm, thats what I said above and you came back saying that for private cars its 1:1.
To repeat my original point, the law says nothing about it. The insurance companys have forced us to take a 1 car - 1 policy situation.
Like so many other things today, its all about greed and squeezing the last penny out of the consumer!

Mr Benevolent

To be fair, I didn't mention anything about the law, I just said that it's 1:1 for most private vehicles. Yes, they're trying to squeeze us. That's insurance for you.

Anan1

kbannon wrote: »

Like so many other things today, its all about greed and squeezing the last penny out of the consumer!

To be fair, insurance companies are businesses not NPOs.

Seth Brundle

Confab wrote: »

To be fair, I didn't mention anything about the law, I just said that it's 1:1 for most private vehicles. Yes, they're trying to squeeze us. That's insurance for you.

But you decided to quote my reference to the legislation! :rolleyes:

Anan1 wrote: »

To be fair, insurance companies are businesses not NPOs.

I completely agree. I just hate the way everyone wants a piece of your paycheque!

Mr Benevolent

But you decided to quote my reference to the legislation!

Ah I see that now

Vegeta

Anan1 wrote: »

To be fair, insurance companies are businesses not NPOs.

No one would expect it for free but most of them wont even let you use your existing NCB or give you a discount on the second policy

And this is common place in the UK.

I'm 25, have 3 years NCB and my full license for 2 years and my insurance on a 97 1331cc corolla xli ranges between 520 and 700 quid depending on who I went with, features etc etc

I wanted to insure my mother's 94 discovery which will be driven about 50 miles a week at most and I was being quoted 1300 euro + for it. I would have paid 500-600 for it but there was no way I was going to pay 1300 euro for a vehicle that I will drive for about 2-3 hours on a busy week.

There have been a lot of posts about this on boards recently (I was keeping an eye out for them) and I think an insurance company could do well if they catered for it