Always compare insurance quotes – just because a certain company is cheap for one car, they may not offer the best deal on all your cars.
Do you really need two 4x4s? And what about that sports car – is it a luxury? If you do need more than one car in the family, make sure you choose the cars that are the most efficient and suitable for the job.
It may seem obvious, but running more than one car is costing you money in petrol and maintenance – these costs could be avoided by being more flexible or getting a bigger car.
You may be able to negotiate a cheaper deal with your local garage if you take both cars there for a service.
Leaving cars parked on the street means they are more likely to have problems from damage or theft, so consider how safe having more than one car will be.
Always make sure you are honest about who the main driver is: if you try and save money by insuring the vehicle in the name of an older driver, for example, but the car is actually driven more often by a younger driver, this is known as fronting and is illegal. Getting caught out could invalidate your insurance and leave you out of pocket when you claim.
If times are hard, it may be worth selling one of your vehicles or declaring one of your cars as SORN (Statutory Off Road Notification). Cars declared as SORN are exempt from road tax for the next 12 months.
Even if you have more than one car, it still makes sense to share vehicles where possible. Not only does it keep petrol costs down, it means you can insure a second vehicle at lower mileage and save money.
