Multicover Insurance Explained


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By Sarah Watts
Updated on Monday 12 April 2021

House and car under one bubble

Multicover, all-in-one insurance deals are becoming increasingly popular in the UK, but are these multi-policy deals really worth it or are you better off taking out separate insurance policies?

Below, we explain everything you need to know about multicover insurance by answering all of your frequently asked questions including:

What is multi cover insurance?

How does it work?

What can be included in a multi cover policy?

The benefits of multi car insurance

How many things can I cover on my multi cover policy?

Who offers multi cover insurance?

Who offers multi car insurance?

Do I lose my no claims bonus if I make a claim for my home?

Do all vehicles need to be registered at the same address?

Is multicover worth it?

What is multi cover insurance?

Multi cover insurance means taking out multiple insurance policies at once with the same insurance provider under one policy that typically includes cover for car, home and van insurance combined, or there is ‘multicar’ insurance which provides cover for two or more cars.

The idea is that by combining policies with the same insurance provider, you will receive a discounted price for your insurance rather than buying individual policies, but depending on the insurer, this discount isn’t always cheaper than taking out separate policies with different insurers.

How does it work?

You simply make one payment (either monthly or annually) for various insurance policies and all policies included in your multi-cover will become due for renewal on the same date every year, making it easier to manage.

You can usually take out between 2 and 7 insurance products with the same insurer, which makes it easier to arrange, pay for and renew your insurance every year.

What can be included in a multi cover policy?

What’s included in a multi cover policy depends on the provider. If an insurer provides car and home insurance, they will usually offer multi cover for home, car and van insurance, whereas car-only insurance only providers offer multicar cover for cars and vans only.

The benefits of multi car insurance

The benefits of multicar insurance are:

  • You receive a discount for taking out multiple car insurance policies

  • You only have to remember one renewal date for all policies

  • It’s easier to arrange cover for your whole family in one go

How many things can I cover on my multi cover policy?

On a multi cover policy with providers like Admiral, you can cover:

However, not many insurers yet offer multicover for home and car insurance combined; most multicover policies only relate to car insurance.

Who offers multi cover insurance?

Admiral and LV both offer discounts if you take out more than one insurance policy with them and unlike most other insurers, this can include other types of insurance like home insurance, not just car insurance.

Almost all of the main car insurance providers offer multicover for cars only.

Who offers multi car insurance?

Most of the main car insurance providers offer multi car insurance, including:

  • AA

  • Admiral

  • Adrian Flux

  • Aviva

  • Esure

  • Churchill

  • Direct Line

  • Hastings Direct

  • LV

  • RAC

Do I lose my no claims bonus if I make a claim for my home?

According to Admiral, making a claim on your home insurance will not affect your no claims bonus on your car insurance. You may, however, lose any no claims discount for your next home cover policy, so check this with your provider.

Do all vehicles need to be registered at the same address?

This varies between policy providers. Some insurers like Admiral let you insure vehicles at multiple addresses where family members may reside (i.e. a child who resides at a university can be included in a multi cover policy).

However, other top car insurers will only include multiple vehicle cover for vehicles registered at the same address.

Is multicover worth it?

Which? compared Admiral’s multi-buy home and car insurance discount to the cost of other individual home insurance and car insurance policies by searching for quotes on a comparison site.

They found that the discount offered by Admiral amounted to 7.6% for taking out combined home and car insurance, but found other single policies similar to Admiral’s policies costing 25% less than Admiral’s multicover deal.

To get the best deal, we recommend comparing multicover insurance to single insurance products on price comparison sites. When it comes to renewing your insurance, you should compare quotes online around 21 days before (as recommended by Martin Lewes) your renewal date - if you find cheaper quotes but want to stay with your current provider (Admiral, for example), don't be afraid to tell them that you've found cheaper prices elsewhere - they may be able to price match or do better!

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