are multi-car insurance cover really cheaper - don't think so

3 Posts


My insurance policy for my mine and my wife's car was due for renewal recently.
This was with Admiral insurance and the renewal had rising from £1594 per year to just over £2400. a rise of over £800.
a 33% with the cars a year older so the values had reduced, points had gone past the live dates, and an accident had left the 5 year window.
when we called to try to get a reduction they offered £219 off but couldn't expalin why the hike.
next step was the comparison sites - multi car options still over £2k.
then we looked at splitting the cars to separate policies. WOW what a difference
Wife's car was £477 (Tesco Bank) and mine was £910 (Churchills friend Darwin). Total £1387 saving £207 against current, and over £600 against renewal .
don't think the multi car policies are going to automatically be cheaper, Shop around and split them up.
This was with Admiral insurance and the renewal had rising from £1594 per year to just over £2400. a rise of over £800.
a 33% with the cars a year older so the values had reduced, points had gone past the live dates, and an accident had left the 5 year window.
when we called to try to get a reduction they offered £219 off but couldn't expalin why the hike.
next step was the comparison sites - multi car options still over £2k.
then we looked at splitting the cars to separate policies. WOW what a difference
Wife's car was £477 (Tesco Bank) and mine was £910 (Churchills friend Darwin). Total £1387 saving £207 against current, and over £600 against renewal .
don't think the multi car policies are going to automatically be cheaper, Shop around and split them up.
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It's enough faff to go to the sites for one car, never mind two and then two sets of documents etc - they will play on this especially at renewal time.
They can be cheaper or they can be more expensive, its really variable and can change year on year. From an insurers perspective, if they can harmonise renewal dates it means more time and effort has to be spent at the same time which means more likely people cant be bothered and so retention rates go up.
Repairs are more expensive due to a shortage in parts resulting in more cars being written off than repaired, which increases the claims.
If you haven't been with them for many years, you may have had early year discounting in the previous years which you no longer get.
the biggest P*** take is/was that when i used the comparison sites, Admiral were close to the current costs. we all know that new business attracts more discount, but i thought there was an agreement that new and existing customers got the same
If you phoned up last year to negotiate the price down it may be its recorded as a telephone sale and as such your renewal would have to be the same or less than a telephone quote would be which can be higher than a comparison site quote.