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Car Insurance for Second Car
Zurich Offer A Wide Range Of Second Car Insurance Deals
Multi Car Insurance Offers
It is a sign of the times, and the greater degree of wealth that is sweeping the UK, that we are now actually talking about insurance for a second car. While the majority of two car families have either both parties working, or one working and the other looking after the family / home, there are an array of offers out there to grab this potentially lucrative market. The insurance companies have not been slow to realise that couples with two cars may well have more income to spend on other products they might sell.
The way that the second car insurance market is structured is via a discount system which allows you to take out what some insurers call a multi-car insurance arrangement. In effect, the more cars which you have on your policy the greater the discount. We are talking possible discounts on a second car insurance of anywhere up to 30%, substantial in anyone's book!
There are also many ways to reduce the cost of your second car insurance, and some UK car insurance companies will actually allow you to transfer your no claims bonus onto the second car. Other second car insurers may well give you an online insurance discount if you are a member of a UK car enthusiasts club, on the understanding that you are likely to be more experienced and take greater care of your vehicles. As you would expect the multi-car arrangements cover the full scope of car insurance types from 3rd party to third party fire and theft to full comp.
The RAC Offer A Range Of Second Car Insurance Services
Second Car Insurance Plus More At Aviva
Second Car Insurance At Rock Bottom Prices With Direct Line
The History Of Multi Insurance
While the two car family or partnership is nothing new, traditionally UK insurers have not been able to offer multi-car or joint car insurance policies. That has all changed with the increase in the number of two car families in the UK and the increased income which is often behind this.
Many car insurance companies were worried that while they would already have the first car insurance policy under their control, unless they were able to reduce their costs and offer the client a 'deal' on their second car they may lose at least one of the policies to a competitor, as this would encourage the client to look around. This prompted a review of the multi-car system which now offers genuine savings and added benefits for those looking to insure both cars with the same insurance company.
Historically the second car in this arrangement has often been something of a 'run around' which are typically fairly cheap to insure. However, we have seen an increase in general wealth in the UK and very often the second car of today is as good, if not better, than the first car. As with any insurance policy the amount you are charged and the possible discount under the multi-car system will depend on the traditional factors such as age, gender, car engine size and what the vehicle will be used for.
Multi Car Insurance Providers
The second car insurance market has attracted the attention of the masses, and while there are companies who will promote themselves as specialists in this field, the main competition appears to be the old favorites. Insurance companies such as Zurich Insurance (www.zurichinsurance.com), DirectLine Insurance (www.directline.co.uk), RAC insurance (www.rac.com) and Norwich Union (www.norwichunion.com) to name a few.
As well as your traditional car insurance and second car insurance they also cover the full range of other insurance products which include travel insurance, home insurance, medical insurance, pet insurance and an assortment of other financial products such as loans, mortgages and credit cards.