Multi car insurance policies 'best buy'

Monday, 26 April 2010

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When buying car insurance for multiple vehicles, many drivers will automatically assume that one policy covering all everything will give the cheapest cover.

But that assumption is often wrong, new research from swiftcover.com has found. Car insurance covering more than one vehicle on the same policy can sometimes be more expensive than taking out one policy per car.

One third of multi-car households are paying more for their car insurance than they could be - in some cases by as much as 60 per cent.

Swiftcover's marketing director Tina Shortle explained: "Drivers who want to get the lowest possible premiums should always be sure to check all of the available options, as it's clear that using one insurer for both is not necessarily the cheapest option".

She went on: "As the number of families with more than one car grows, it is important for those taking out policies to be aware that separate policies can be cheaper than multi-car deals offered by some insurers."

It is important to shop around to find the best car insurance deal for your individual circumstances, swiftcover.com found.

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Swiftcover and swiftcover.com are both trading names of AXA Insurance UK plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority