Saturday, 28 July 2012 4:15 PM
If everyone in your household has their own car - or cars - it is worth giving careful consideration to how these vehicles are covered. Although you may already have individual policies in place for each of the cars, it is often better to get a more inclusive policy.
Taking out family fleet car insurance delivers numerous advantages for all named drivers within a home. Here's a guide to some of the ways that you can benefit.
Having adequate insurance is essential product for all motorists to have, but perhaps even more so for those who drive have luxury cars. The very fact that prestige cars have a significant net worth and feature high-performance technology means they are at greater risk of being stolen, which generally means they cost more to insure than a standard vehicle. These costs can be even higher if you and your family owns more than one car and each of these vehicles is insured separately.
Taking out fleet cover means that you'll only need to pay out for a single insurance policy for all of your house's cars once a year, as opposed to having to shell out several times within a 12-month period. In doing so, you ought to find you're in a position to save money and, as a general rule, the more vehicles that are incorporated into the policy the higher the discount you will receive.
Benefit from comprehensive cover
As obvious as it might sound, having individual insurance policies for your household's vehicles may lead to variations in the standard of protection that each car has. There are three main levels of car cover and each provider has their own limits on what they will and won't insure, so it's quite possible that your daughter's or son's car won't be as adequately covered as your own is.
Choose a family fleet product and you can be confident that all named vehicles will have exactly the same level of protection, something which can offer real peace of mind. In addition, all named drivers will be covered for getting behind the wheel of each car that is included in the policy.
That way, you can rest easy in the knowledge that your children will be able to drive your car - and vice versa - and be fully protected. Of course, if you own high-end cars like Bugattis or Lamborghinis, you may be particularly glad of this comprehensive protection before you hand over the keys to a younger driver.
It's also possible for UK and European breakdown cover to be incorporated into a family fleet policy - ideal if you enjoy going on driving holidays overseas - as well as have in-car equipment such as satnav systems and stereos protected.
As mentioned before, having family fleet car insurance enables you to save a significant sum of money in comparison to purchasing separate policies, but it's also worth remembering how much time you can save too. Rather than needing to ring a string of companies whenever you have a query that affects all your household's cars, you'll have a single point of contact, meaning you won't have to spend hours on the phone speaking to different firms or sending the same email to multiple parties.