Can I insure two cars under my name?
Yes. There are two usual methods of insuring two cars under the same name. You can take out individual cover for each car, having two distinct policies, each with its own premium, terms, and conditions. This can be more straightforward regarding management; however, it might not always be the most cost effective option.
Many insurance providers offer multi-car policies, allowing you to insure multiple vehicles under a single policy. Typically, these policies provide a discount for each additional vehicle you add. While this can often be more cost effective and convenient than having separate policies, it’s essential to understand the terms. For instance, while each car might accumulate its own no claims bonus, a claim on one vehicle might affect the premium for all the cars under the policy at renewal time.