Friday , May 29 2020

Car insurance UK: Motorist saves over £300 after switching to pay by mile agreement

Car insurance costs can be dramatically reduced for many elderly motorists by switching to a mileage based policy instead of paying fixed costs. Mr Tanous claims he has saved around £300 to £350 using the revolutionary system which he has used to invest in his hobby for model railways. 

He has used pay per mile insurance provider By Miles but claims other firms offer similar services to help motorists reduce costs. 

To get started, Mr Tanous says drivers simply needed to get a blackbox installed in their cars which helps monitor mileage and the fees they need to pay. 

“You pay per mile you see, what you pay is a very small figure for the car to be covered in the garage and then it’s got a special little box you plug in. 

“They send it to you and you plug it in, in my case under the steering wheel.”

READ MORE: This car insurance firm ‘should be applauded’

He said: “It’s brilliant. It’s less expensive than paying the full fee upfront for a year’s insurance. 

“I was quoted £700 a year’s insurance so I thought that was very expensive so I went online, I found this thing called By Miles and I got in touch with them.”

The service caps the mileage it charges ay 150 per day meaning those on a longer trip could be covered without eating into their mileage limit.

Mileage policies could become vital for motorista after the coronavirus lockdown is lifted as motorists slowly return to work. 

AA President Edmund King has predicted “major changes” to travel after the lockdown as a quarter of drivers reveal they would use their car less than before. 

Those on a mileage contract are also set to benefit under the current restriction as costs will remain low as vehicles stay at home. 

This differs from those on fixed policies who have continued to charge road users hundreds of pounds to cover a vehicle which is barely being used. 

Alongside the savings, Mr Tanous revealed the black box tool fitted inside the vehicle would act as an added benefit to many motorists. 

AA President Edmund King has predicted “major changes” to travel after the lockdown as a quarter of drivers reveal they would use their car less than before. 

Those on a mileage contract are also set to benefit under the current restriction as costs will remain low as vehicles stay at home. 

This differs from those on fixed policies who have continued to charge road users hundreds of pounds to cover a vehicle which is barely being used. 

Alongside the savings, Mr Tanous revealed the black box tool fitted inside the vehicle would act as an added benefit to many motorists. 


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