Can I Insure 2 Cars in My Name in the UK?

Depending on where you live, you and your family might need more than one vehicle. Since vehicle insurance is mandatory, you’ll have to get insurance for the second car as well.

If you’re wondering ‘can I insure 2 cars in my name in the UK?’ and how you can do that, read on. 

Can I Insure 2 Cars in My Name in the UK?

There are two ways to insure 2 cars under the same name:

• Take out a multi car insurance policy.
• Purchase a separate insurance policy for the second car.

What is Multi Car Insurance?

Insuring 2 cars on one policy can only be done by buying multi car insurance. 

This type of insurance allows insuring more than one car, usually up to five, registered at the same address under one policy.

How Does Multi Car Insurance Work?

A multi car insurance policy offers everything that you might find in a single-car insurance policy. 

One of the benefits of adding a second car to an insurance plan is that you can include different levels of coverage with different excesses on every vehicle listed on the policy.

For instance, you can choose a comprehensive cover for one car and a third party only for the second.

What’s more, when insuring multiple cars under a multi car insurance policy, you’ll get a discount for every vehicle that’s added to the policy.

Each car can also benefit from a different registered driver, meaning you’ll usually be able to apply your own no claims discount on only one of the vehicles listed in the policy.

Multi car policies have one renewal date (usually the date of the last car added to the policy) and one payment date.

When Should You Get a Multi Car Insurance Policy?

This type of policy could also work for:

• Families with multiple cars or drivers.
• Couples that own separate cars.
• People that own more than one car.
• Roommates that share a house but have separate cars.
• Children that have cars but moved cities to study college.

Typically, people that live at the same address and own more than one vehicle should consider insuring 2 cars under 1 name. Some providers allow adding a second car to one insurance policy even if the vehicles aren’t registered at the same address.

Is a Multi Car Insurance Policy Cheaper Than a Separate Car Insurance Policy?

In most cases, a multi car insurance policy is cheaper than two separate car insurance policies because insurers give discounts when insuring two cars on one insurance policy.

However, this doesn’t necessarily mean that insuring a second car with a multi car insurance policy will be cheap. Insurance companies consider many factors when setting premiums, including claim history, age, and driving record, among other things. 

For example, if you’re an older and more experienced driver with no claims on your policy, but have a young driver with a bad driving record under your name, then you’ll likely pay higher premiums when you add a second car to your insurance.

In cases like that, it might be cheaper to insure the second car separately.  

Even if you get an affordable quote for multi car insurance, it’s a good idea to shop around and compare quotes with other insurance providers before you add a second car to your insurance. Some insurers might offer you a discount on the second vehicle, even with two separate policies, and there are a few that will let you use the same no claims bonus for both.

How to get cheaper car insurance premiums when you insure two cars on one policy

Although multi car insurance policies already offer discounts, there are some things you can do to reduce the rate of your insurance:

• Security – Fitting an alarm or an immobiliser and parking your car in a secure garage reduces the chance of your car getting damaged or stolen.

• Voluntary excess – Knowing when to pay excess for car insurance is crucial. So, increasing your voluntary excess can reduce the cost of your premiums.

• Mileage tracking – Insurance companies offer cheaper quotes to those who drive less because there’s less of a risk that the policyholder will get into an accident. 

• Avoid modifications– Any upgrades, even remapping, to your vehicle can mean a big hike in the price of your insurance.

Bottom Line

If your family uses more than one vehicle or you simply have two or more cars, then you can either opt for multi car insurance or purchase a separate insurance policy for the second vehicle. In most cases, a multi car insurance policy is cheaper, but you might be able to find a good, separate insurance deal that won’t burn a hole in your pocket.