car insurance

Hunnie1977

A friend of mine in the UK owns two cars, both registered in his name, but they’re currently insured with two different providers. One policy has already renewed , and the other runs until November 2025. He’s now looking to move both vehicles onto a single multi-car insurance policy to keep things simple and hopefully save some money.

What’s the best way to do this without losing out on the remaining time left on the active policy or being hit with extra charges? Is it possible to transfer or credit the unused months into a new multi-car plan?

Any advice or experience with this would be really helpful. Thanks in advance!

pramsay13

There's probably no easy or clean way of doing it assuming it's a different company. 
You need to do your sums to see if getting a multi car policy is better than cancelling the current policy and maybe getting a bit of a refund. The multi car policy might offer you a bit more of a discount if they are keen for your business. 

Hunnie1977

should he try and start new policy for both

 cars for both of them 

pramsay13

He needs to do his sums, no-one can help with that. What is the discount / benefit for having multiple cars on the policy, versus cost to stop early during the year. 

DullGreyGuy

Hunnie1977 said:

A friend of mine in the UK owns two cars, both registered in his name, but they’re currently insured with two different providers. One policy has already renewed , and the other runs until November 2025. He’s now looking to move both vehicles onto a single multi-car insurance policy to keep things simple and hopefully save some money.

What’s the best way to do this without losing out on the remaining time left on the active policy or being hit with extra charges? Is it possible to transfer or credit the unused months into a new multi-car plan?

Any advice or experience with this would be really helpful. Thanks in advance!

There are few true multi-car policies out there, many are just a standard policy with a multi product discount applied. If that discount actually makes things cheaper or not is at best 50/50 -v- choosing the cheapest for each but it does harmonise the renewal date which means he is likely to shop around in the future. 

Most allow you to start your multi-car policy with just a single vehicle and take out the second policy under the wrapper when the next vehicle is up for renewal. Obviously the problem is you won't know what the price is for having the two cars on cover until November; a quote now may be indicative but prices change frequently and no one is going to guarantee a premium for that long.