Just heard this on the news a company has started per mile insurance!

Discuss!

I think its disgusting and my insur comp better not take that route!

 

Mmmmm, average annual mileage is 12,000 = £12,000

FOOK OFF

 

just think about taxi drivers! and busses!

 

thats ridiculous insurance companies are stinging everyonr these days

 

I'll never get my plane insured now!!!!

 

It's actually been set up by Norwich Union in a bid to help younger drivers. I think you will find the £1 per mile is based on driving at the time of day (or night - I wasn't really listening properly) that is statistically proven to be the worse time for 18-21 year olds to have an accident.

The policy is also designed for people who do particularly low miles. The idea is that why should someone of identical risk (age / car wise) who does 2,000miles a year pay the same as someone who does 20,000 miles a year?

Do a search on Google for Norwich Union car insurance news, I'm sure it will give a better explanation than I just have....

 

I think you'll find it's just an option and it's aimed at people who do very little miles. It's a great idea. Mine spent half the time in the garage. I doubt it's £1 per mile but a certain amount per mile.

 

How many people are gonna lie and say they do 100 miles per year

 

how they gonna tell how many miles you done?

i can see some clocked cars coming soon

fukk paying £1 per mile, you only get a £600 fine and 6 points for driving with no insurance

 

well news said £1! for young drivers!

Lets just hope the comps dont see the ££'s and all join in! we all gotta have insurance!

looks like the next passion ford meet will be on push bikes!

 

what a joke, just imagine if you had just built a new engine, it would cost you a grand to run it in pmsl bye bye rs turbos and cossie

 

Black box

As Mike says, if you actually read the story as opposed to commenting on heresay, all is explained.

http://money.guardian.co.uk/insuranc...html?gusrc=rss

http://www.payasyoudriveinsurance.co.uk/

 

Would be fantastic for my concours car, did 1 mile in 2004 £1 to insure

Pity its not covered in the scheme

 

just watched the news its a trial thing and the £1 a mile is between 11pm and 6am for 18/21yr olds! to help bring down there premiums!

Dont know about you when i first got my license i didnt get out of my car for 6months! every last penny went on fuel!

 

it would work out loads more expensive, they must know that younger people drive more, and usually later at night...so its not reducing the cost of insurance for them at all...

 

then they wouldn't take it out

 

what happens between 6am and 11pm tho rather than £1 a minute between 11pm and 6am ??

cheaper ? more expensive ?

Scott

 

if it happens i will just get a different set of clocks and fit them after insuring then refit for renewal

 

cool - means i will be able to insure my ferrari now!!

 

they fit a black box to ya car and it sends your milage by satilte to the comp!

 

sounds like a tracker moniter system they are fitting be warned this sends info every ten minutes during a journey, like location, miles travelled and vehicle speed!!!

 

20 miles per week is £80 per month so £960 a year for 2240 miles (including free off peak ones)

40 miles per week is £160 a month so £1920 a year for 3280 miles (including free off peak miles)

So who can honestly say they think this is good value? This will indeed be a very good money making scheme for norwich union and whoever came up with the idea deserves promotion.

 

just do 10 miles then disconnect your speedo, then your only a tener for the year,

 

It works via GPS so unplugging your speedo won't do nowt.

 

except stop you realising how many miles your doin!

 

leave the black box at home

set up a faulse account and tape the black box to a train that will get um goin

 

Did 30,000miles last year, FUCK THAT

 

£1 a mile - what a load of sensationalist crap!

Stupidest thing I ever heard. Some journolist spent too long in the pub one lunchtime and dreamt up this bollocks.

 

What a load of bollox..........£1 a mile!

P.S. Is that including VAT?

 

fraid not dude! norwhich unoin are pioneering the scheam!!

ha pioneering! wrong choice of word!

there being bell ends!

There a few questions tho! if its per mile are you coverd while your car is parked up?

Also is there a minimum amount that you have to do?!

think i might phone an ask! an say "quote me happy! on my lambo diablo that i only do 600miles a year in!"

 

This means if i went to my mums it would cost me £110 Just there

Things there do to rip us off

 

My 100E has cost me £160 to insure in the last year, in that time it has moved 0.0001 of a mile and that was from one side of the workshop to the other!
so yes it would be a good thing on that policy!!

steve

 

It's only £1 a mile between 11pm and 6am, every other time it would be between 6 and 10 pence iirc.

 

http://new.edp24.co.uk/content/news/...A30%3A10%3A577

 

fit a switch to the GPS and then when ya have a crash "flick" the switch


well my cossie costs a pound a mile so 2 quid aint much different