Multi product discount

Many families now need to insure two or more cars – either because one person owns more than one car or because several cars are owned by members of the same family. Car insurance for multiple cars could mean you get a multi-product discount.

Approaches to multi product insurance

A multi product discount (sometimes referred to as multi-car insurance) means different things to different insurance companies – some companies put more than one car on the same policy, some offer a discount for a second, or subsequent, car insurance policy. LV= goes one stage further than that and actually offers a multi insurance discount if you take out multiple LV= insurance products, not just multi car insurance.

Whichever approach is taken, all the vehicles need to be registered at the same address, which means that it may be possible for you, your spouse and your children to benefit – and, with some companies, possibly even friends, if they live at the same address.

As with any car insurance policy, the premium depends on age, gender, driving experience and history, no claims discount, car model and engine size etc.

Will I save money if I insure more than one car with LV=?

As with all insurance, it makes sense to check that your policy covers what you want it to – at a value-for-money price. With the flexible options at LV=, we think you’ll find what you’re looking for.