We’ve always thought that the less you drive, the less you should pay for your car insurance. That’s the whole idea behind our pay-by-mile approach.
The more of your overall costs that we link to driving the more opportunity you have to save. So we’ve taken the decision to reduce the fixed cost portion of our premiums by as much as we can. This means more of the cost is shifted over to the per-mile rate.
That means every mile you drive under your estimate is saving you a bigger proportion of your cover than it would before.
It could be that your overall cost has still gone up, though. That’s because, at the same time we’ve made this change, inflation has been hitting the global economy hard.
Inflation impacts different products and services differently. Unfortunately, a lot of the costs that come with providing car insurance have gone up way above the general rate of inflation.
Because of shortages of parts and labour, repairs are much more expensive than they were a few years ago - and take longer to complete. As tend to happens in tough times, certain types of car crime have been on the up - which increases risk for everyone. And because of lack of supply, second car prices are very high - which makes them more expensive to replace like for like.
We know none of the above is your fault - but it does mean that, across the industry, prices are up on average.
Fortunately, we’re not your average insurance provider. With us, whenever you’re driving less, you’re paying less. So, even if your quote has gone up, you could still end up saving money.