2 insurance policies?

moggitymog

I have 2 cars registered in my name, is it ok to have 2 seperate policies in my name?
I have 1 car insured in my name with tesco insurance and looking at another policy with lloyds for my 2nd car.
Any answers would be good, i am feeling a bit thick but just want to be sure,
thanks:)

vikingaero

Yes. You can have as many policies as cars.

Hammyman

Perfectly fine. Owning a daily runner and a classic car, I did this for 10 years. Go for a company that specialises in second car cover and gives a discount equal to the NCB on the main car. I used Chris Knott.

moggitymog

thankyou both of you for your replies

forgotmyname

4 classic car policies, One for my normal car and one for a scooter. No issues.

You cannot have more than one policy one one car though.

As mentioned above Chris Knott iI am currently with them, Insured through the mondeo club.

Check for online clubs/forums and see who they insure with, Maybe cheaper for you.

mikey72

You can't use your ncd on more than one car.

darich

mikey72 wrote: »

You can't use your ncd on more than one car.

Not strictly true.
Many companies will "mirror" the NCD from your main car to the weekend car - effectively meaning you have the same NCD on both cars.

In this case, both ncds climb for every year there is no claim...so after a year you've effectively split your ncd into two...the original and the mirrored. The mirrored would be at one year while the original would be at original+1.

When I was toying with the idea of buying a TVR as a weekend car, this was the situation with Elephant.co.uk (i think)

mikey72

darich wrote: »

Not strictly true.
Many companies will "mirror" the NCD from your main car to the weekend car - effectively meaning you have the same NCD on both cars.

In this case, both ncds climb for every year there is no claim...so after a year you've effectively split your ncd into two...the original and the mirrored. The mirrored would be at one year while the original would be at original+1.

When I was toying with the idea of buying a TVR as a weekend car, this was the situation with Elephant.co.uk (i think)

Very strictly true I'm afraid.
If you use your ncd on your normal car, then buy a second car and tell them you have say 5 years, they'll cancel your new policy when you send the proof of ncd and they find it in use already.
If you can do a deal to mirror your existing ncd, most companies will give you a discount equal to your existing ncd, and as you say it will build year on year, but if you decide to move companies they will only give you proof for the actual number of years you have had the second policy, and other companies may not then give the same "extra" discount, they may just they give the real ncd on your second policy.
I've done that on one of the cars I own, kept in with the same insurer, and have now built up two full ncd in their own right, which I can now move about, and I've got a kit car policy which is another cheap option for the third car.

darich

mikey72 wrote: »

Very strictly true I'm afraid.
If you use your ncd on your normal car, then buy a second car and tell them you have say 5 years, they'll cancel your new policy when you send the proof of ncd and they find it in use already.
If you can do a deal to mirror your existing ncd, most companies will give you a discount equal to your existing ncd, and as you say it will build year on year, but if you decide to move companies they will only give you proof for the actual number of years you have had the second policy, and other companies may not then give the same "extra" discount, they may just they give the real ncd on your second policy.
I've done that on one of the cars I own, kept in with the same insurer, and have now built up two full ncd in their own right, which I can now move about, and I've got a kit car policy which is another cheap option for the third car.

We're agreeing the same point - maybe I worded my post badly but fully agree with everything you say.