Admiral Multicar - Am I going to get stung by fees/increase due to selling one vehicle?

RealBobbyDazzler

I've got 2 separate car insurance policies with Admiral, but done both were done through comparison sites & not direct as was a bigger saving so not done through their multicar discount.

Had my renewal through now & it unexpectedly was miles cheaper than I could get anywhere else - either way I rang them said I had a cheaper price elsewhere etc.  They've knocked more money off to do their multicar, around £50 less.  I've gone with it at the moment but a little hesitant & can't find much information online.

The way they've done it is they've given me a price for my one car for the full year which I'll pay in a few days when my policy starts and this includes the multicar discount, then in December (when that policy ends for the other vehicle) I'll pay £14 for cover to get both insurance dates to be the same to be then on the same policy.  

My concern is, if I sell the other car as I'm planning to do during this year - will they sting me & put the price up on the other policy, as in the speel of terms in my policy it says they can revoke the discount.  Or alternatively, will they calculate my refund differently to minus any multicar discounts?

The saving is £49 to do multicar vs 2 separate policies, but don't want to be stung with a price hike mid term which if I refuse will be hit with admin fees & missing a year ncb as I pay my policy annually. 

Would appreciate any help. 

jimjames

Yes the price will increase if there is no multicar discount applied. It might not be much though.  For £49 I wouldn't bother with the multicar. Mine saves many hundreds

RealBobbyDazzler

jimjames said:

Yes the price will increase if there is no multicar discount applied. It might not be much though.  For £49 I wouldn't bother with the multicar. Mine saves many hundreds

£49 saving is on the one vehicle for the year.  The policy is only around £240 with discount now.

What I don't understand is how they can increase the price when I've paid in full for an annual policy, I can't see any info in their terms outlining a potential cost as the multicar discount isn't specified, only see an admin fee for cancelled policies.

Catplan

When you sell the other car you’ll need to make them aware to cancel policy. You are correct in that they may charge you, as the sums are not huge they might just not apply them, I got some good will previously when changing vehicles so not exactly the same as you it was multi car with me replacing one of them, for a newer car. i think it should have been a £30 admin but I just paid £14 as the newer car was worth more and I was about 2 months from renewal. This was 2019 but they were helpful.

Penelopa.Pitstop

When selling second car and removing if from policy, discount will be removed and you will be charged with admin fee for change.

I removed second car from policy at 9months out of 12, they removed discount of around £20 pounds, charged me £25 for change and I was refunded only £21 and that was from total of £650. I think, in your case, I would just go with seperate policies.