2 cars, 2 people - cheapest way to insure?

astralbee

We are a two car family, and my wife and I have always had separate policies. My fully comprehensive is usually around £220, and my wife's is around the same for 3rd party because she has fewer years no claims (but is catching up)

I'm sure there must be a cheaper way for 2 people in the same family to insure two cars - can anyone make a suggestion?

Last renewal I asked 2 insurance companies to quote me for 2 cars, 2 people, and they still gave separate quotes.

I'd even transfer ownership of the cars to one person or the other if necessary, as we each drive the two cars for the same amount of time each week!

Suggestions appreciated.

D.

bouncydog1

Hi

Insurance companies will generally rate each vehicle on the risk insured - e.g. type and group of vehicle, age of driver, possibly mileage (although happy to be corrected by the experts as I no longer write motor business so my knowledge may be rusty),use of vehicle, postcode, driver experience, whether or not vehicle is garaged, age of vehicle etc. Premium can usually be reduced for restricting driving to husband and wife, taking a larger excess etc, and if with the same insurer most will give a two car disount.

Few insurers will write a joint policy and it really is a case of shopping around using a good broker. It may be that the best option is two policies with different insurers and do remember that cheapest is not necessarilly the best option as the cheaper quote may not provide you with the fullest cover - and if you have an accident and then find out you are not fully insured then your savings are lost.

Oh and by the way, there is a maximum no claims that can be earned - usually 5 years equating to either 65% or 60% protected (which usually means you can have two claims before affecting your bonus). Just because you have had a policy longer does not mean that you will have more NCB than your wife! I do understand that there maybe a couple of policies around that may give you higher no claims, but if you move insurers they will only recognise the scale available under their own schemes.

You may also benefit by placing your motor insurance policy with the same co as insures your home as sometimes there is a discount available - I think NFU do this. Another good reason to use a good broker!

Jegerton

I've used Direct Line for a good few years for our 2 cars - they give you an extra discount for multiple policies.

At my last renewal I compared the Meerkat and for like for like cover they came in cheaper than anything on there.