£1 a mile insurance!
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£1 a mile insurance!
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!
Discuss!
I think its disgusting and my insur comp better not take that route!
#6
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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....
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....
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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.
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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!
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!
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how they gonna tell how many miles you done?
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/
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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!
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!
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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...
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Originally Posted by cossiecrew
if it happens i will just get a different set of clocks and fit them after insuring then refit for renewal
#21
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!!!
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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.
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.
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Originally Posted by Jamz
It works via GPS so unplugging your speedo won't do nowt.
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£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.
Stupidest thing I ever heard. Some journolist spent too long in the pub one lunchtime and dreamt up this bollocks.
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Originally Posted by phil4x4saph
£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.
Stupidest thing I ever heard. Some journolist spent too long in the pub one lunchtime and dreamt up this bollocks.
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!"
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