Basically a multicar insurance policy is a regular car insurance policy that covers more than one vehicle in the household.

The idea is that it helps the customer on two main fronts:

First of all by combining all cars on the one policy it cuts down the paperwork and form filling required that you have to do in order to insure each individual car. This effectively makes the renewal date for car insurance the same on all your vehicles.

Secondly, the multicar policy is generally offered as being a cheaper alternative than the total premium you would have to pay for insuring each vehicle you have.

Most recently Admiral insurance have launched their multicar insurance policy and are marketing it through television adverts. Direct Line are also now offering discounts when you insure your second car with them.