Can I Add A Second Car To My Insurance Policy?

Getting a Second Vehicle

Do you need to add a second vehicle to your existing insurance policy? You may be in the situation where you have just purchased another car, or you may be in a situation where you have inherited a car from a family member. In either case, there are some things you need to be aware of when it comes to getting your second vehicle insured. In this article, we will discuss the steps you need to take to add a second car to your existing insurance policy.

Tips for Adding a Second Car to Your Insurance Policy

The first step to take when you are looking to add a second car to your insurance policy is to contact your existing insurance provider. You should be able to make this call easily and quickly, as most insurance companies have a dedicated customer service team that can help you with this. When you call, you will be asked to provide some details about the second car, such as its make and model, as well as its registration number. The customer service representative will then be able to provide you with a quote for the insurance.

Is It Cheaper to Have Two Cars on One Policy?

It is often cheaper to have two cars on one insurance policy, as opposed to having two separate policies for each car. This is because many insurers offer discounts for having multiple vehicles insured with them. Additionally, having two cars on one policy means that you only have to pay one premium, rather than two, which can help to reduce your overall costs. It is important to note, however, that this may not always be the case, and it is worth shopping around to find the best deal for your particular situation.

Do I Need to Let My Insurer Know About Any Changes?

If you have made any changes to the second car, such as changing the engine or adding any modifications, then you will need to let your insurer know. This is because they need to make sure that the vehicle is still covered under the policy. For example, if you have added a turbocharger to the engine, then you will need to let your insurer know, as this could affect your premium. Additionally, if you have changed the ownership of the car, then you will also need to inform your insurer, as this could affect the policy.

Can I Transfer My No Claims Bonus?

If you have a no claims bonus on your existing policy, then you may be able to transfer it to the second car. However, this is not always the case, and it is worth checking with your insurer to find out whether this is possible. Generally speaking, you will only be able to transfer your no claims bonus if the second car is registered to the same address as your existing policy. Additionally, you may find that the no claims bonus is only valid for a certain number of years, and you may be required to pay an additional premium if you wish to transfer it to the second car.

Conclusion

Adding a second car to your existing insurance policy can be a great way to save money, as many insurers offer discounts for having multiple vehicles insured with them. However, it is important to be aware of any changes you make to the second car, as this could affect the policy. Additionally, you may be able to transfer your no claims bonus, but this is dependent on the insurer. Overall, it is worth checking with your insurance provider to find out what the best option is for your particular situation.