Multi-Car Insurance
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What is Multi-Car Insurance?
A multi-car insurance policy is a type of motor insurance that enables you to insure several cars under a single plan. The number of cars that can be insured under a single policy depends on the insurance provider and the scheme.
Car insurance is mandatory in the UAE. Many families own multiple cars, and it is expensive & cumbersome to purchase separate policies for every vehicle. Insuring all your cars with the same insurance company under a single plan saves a significant amount on premiums. Multi-car insurance also facilitates seamless documentation and renewal procedures for policyholders.
How Does Multi-Car Insurance Work?
As the name suggests, multi-car insurance covers multiple cars under one policy. These cars may be either owned by you or any of your immediate family members. You need to provide details (type, model, cost, technical specifications, etc) of all the vehicles and the information (age, driving license, accident history, etc) of all the drivers in your family.
Based on these inputs, the insurer shall assess the risk and provide a premium quote for the single plan. A good driving record and low (or no) claims history of all drivers ensure that you get the best quote for the multi-car insurance policy. The most expensive car is typically considered the primary vehicle, and others as secondary vehicles.
How Can You Add New Cars in Multi-Car Insurance Policy?
The vehicle model and year of manufacturing
The vehicle’s unique identification number
The license plate number of the vehicle
The average mileage provided by the vehicle
Details of the driver (name, age, driving license number, etc.)
Details of the existing car insurance policy ( if any)
Benefits of Multi-Car Insurance Policy
Cost Savings
Covering several vehicles under a single plan with the same insurer can help you get attractive discounts and save big on annual premiums
Seamless Documentation
A single insurance policy reduces cumbersome paperwork and other hassles related to renewals, claims, discounts, etc.
No Claim Bonus
Policyholders can avail of the no-claim bonus (NCB) on every vehicle owned by their families under a single policy
Easy Renewal
A single renewal date for all vehicles simplifies the procedure and avoids the possibility of policy lapses.
Flexibility
The coverage under a multi-car insurance policy can be tailored to suit your specific requirements
What is Covered under Multi-Car Insurance?
Shared Benefits
- Third-party liability coverage
- Reimbursement of expenses for rental cars
- Coverage for uninsured or underinsured drivers
What is Not Covered under Multi-Car Insurance?
- Normal wear & tear of the vehicle
- Electrical or mechanical breakdown of the engine
- Self-inflicted damage or injuries
- Engaging the vehicle in unlawful activities or using the vehicle beyond specified purposes
- Loss or damage while driving under the influence of alcohol or drugs
- Loss or damage that occurs where the driver does not possess a valid driving license
Available Add-Ons for Multi-Car Insurance Plans
Personal Accident Coverage
Passenger Accident Coverage
Coverage for Engine Breakdown
Geographical Extension Coverage
No Depreciation Coverage
Coverage for NCB Retention
Windscreen Coverage
Replacement Keys Coverage
Factors Affecting the Multi-Car Insurance Premium Rates
Driving Record
The driver record of every registered driver sought to be included under the policy shall be checked. The premium rates on a multi-car insurance policy increase if any person has violated traffic rules in the past.
Modifications to the Vehicle
Any modification made to enhance the performance or appearance of one or more vehicles increases the premium for all cars. However, this excludes any necessary modification, such as fitting an anti-theft device.
Car & Driver’s Age
Older vehicles (aged more than five years) are more prone to damage and breakdowns. Younger drivers (less than 25 years of age) are perceived to be more risky by insurance providers. Accordingly, premiums are higher for these two categories.
Frequently Asked Questions on Multi-Car Insurance
A multi-car insurance policy covers ‘cars’ only. No other vehicles (such as two-wheelers or trucks) can be covered under this policy.
This depends entirely on the insurance company. Most insurers typically cover 5 to 6 cars under a multi-car insurance plan. Please check and confirm the same with the insurer before you buy the policy.
Yes. As every driver is considered to be a separate entity under multi-car insurance plans, you can file claims in respect of individual vehicles.
Car insurance is mandatory in the UAE. People who own multiple cars have to insure every vehicle without fail. Buying a multi-car insurance plan can provide you with attractive discounts. So, the overall premium is significantly lower than buying separate plans for every vehicle.
Yes. A linked policy is a type of multi-car insurance policy that allows you to choose different insurance plans for different types of cars owned by your family members.
A multi-car insurance policy is helpful when you want to cover two or more vehicles under a single plan. However, these vehicles must share the same primary address. But they don’t need to be garaged or parked at the same address. It suffices if all the vehicles have a single primary address.
