Insurance and Mileage

LiE

LiE

LiE

Caporegime
Joined
2 Aug 2005
Posts
26,435
Location
Milton Keynes
How does mileage effect your insurance? I'm assuming more mileage = more cost. It's also quite difficult to guess the miles you will accumilate over the next year. What happens if I'm under or over? and how does it effect any claims? I've never really thought that this until now :p
 
It's just an estimate. Obviously if you say you do 1k a year and then do 40k they wont be amused but it's an estimate not a limit - unless you have a specific restricted mileage policy.

Some insurers will increase your excess if you've exceeded it, though.
 
Yeah my insurance states if I go over my annual mileage estimate I will get charged extra....but with 12k per annum...thats plenty I usually do around 10k ;)
 
You usually have to sign a for of tell them your millage when you insure the car.

If you make a claim the millage is recorded.
 
I doubt there is any cast iron way of finding out. I'm under my annual mileage declaration so I don't care but my MOT runs December - December yet my insurance is June-June so just because I did, say, Yk miles between December and December doesn't neccesarily mean I'd do Yk miles between June and June.
 
[TW]Fox;12912593 said:
Only on agreed limited mileage policies, ie for classics and modified cars.
Click to expand...

IME all companies ask for your yearly millage. I've had insurance on modified and standard cars with the modified millage being 3K and the standard being 25K. Both insureres asked for my current millage.

Guess it does differ from company to company but I've used serveral in the past.
 
I changed my car mid way through my policy and was never asked how many miles it had on it, i'm insured for 5k miles a year which reduces my premium quite a bit (i do less than 5k a year anyhow), would have thought they made sure about getting the mileage!
 
LizardKing said:
I changed my car mid way through my policy and was never asked how many miles it had on it, i'm insured for 5k miles a year which reduces my premium quite a bit (i do less than 5k a year anyhow), would have thought they made sure about getting the mileage!
Click to expand...

I've just changed mine over (sold a car, re insuring an old one)

Didn't think about the millage until they emailed me. I've just faxed off the form delcairing the millage on the insured car.
 
Most (stupid) insurers ask "what is your annual mileage" not "what is the cars annual mileage".

Clever people exploit. :)
 
[TW]Fox;12912737 said:
6000 IIRC.
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I am surprised then. I've had at least two policies going for the past 11 years with various companies and always been asked the current millage of the car and how many miles I'd travel.

Goes to show how things differ.
 
I've only been asked for an estimate of my yearly mileage, which I always put down as 12k because it's very rare that I'd get near that, but it gives me loads of space in case I do have to rack up miles.

The thing is though, they have never asked for my car's current mileage, so it's not like they actually know.

I've also never found estimated mileage to make any difference to premiums. :)
 
Orange Peel said:
I am surprised then.
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In my 5 years of driving I've had policies with Norwich Union, Direct Line and Privilege. I always put my mileage down at 7,000 - 8,000 or so, and never been asked to confirm my mileage or give the cars starting mileage, nor have I ever known anyone being asked to do so on a regular policy from a mainstream insurer.
 
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