Multi car insurance is one of the newest products on the car insurance market today and has easily become one of the most popular with households having more than one car at the same address, especially those who have young drivers there and do not want to break the law by fronting for them. However, you should know that multi car insurance does not always lower insurance premiums. It does bases on factors like age and driving record but it may actually elevate them if there are certain cars in your household, namely a BMW 3.5, Jaguar XJ, Mercedes C Class or Range Rover Sport. These cars are the most stole in the UK right now.
Fast, powerful, well built and incredible in terms of performance, all of the cars named above are highly sought after by thieves who look to get a hold of the keys rather than breaking into them. However, no matter how you look at it, they are all expensive to insure anyway, even more so now the information has been released about the crime and theft rates. Multi car insurance companies, in fact all car insurance companies, do use data like that to adjust their quotes. As a result, you should expect to increase your payments every month to ensure that you have the protection that you need.
Popular cars will push up multi car insurance premiums if they are also popular with thieves but the extent to which it will push them up largely depends on who is driving it. Whether you have a good record or not will make a difference. However, no matter which car you ultimately choose to have, multi car insurance may still ultimately save your household a little cash so it is worth looking at as a very real option.
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