When you spread the fixed upfront cost, the quote you get is made up of three parts: the fixed upfront cost, the fixed monthly cost and your per-mile rate.
What does each part mean?
Upfront fixed cost - You pay this at the start of the year to cover your car against theft, vandalism, fire and accidental damage while it's parked up. It also includes your policy admin fee.
Monthly fixed cost - This continues to cover your car whilst it's parked. You'll pay the same amount on the same day each month.
Per-mile rate - This is the cost of each mile. We measure how much you drive each month and charge you for the miles driven, giving you fully comprehensive cover along the way.
Average monthly insurance cost = Monthly fixed cost + (Per-mile rate x Miles driven)
We also have capped mileage discounts, as we cap your costs to help with those longer journeys. We'll never charge you for more than 150 miles in a day (drive further than that and the rest is on us).
If you have any questions, get in touch with our team at firstname.lastname@example.org or give us a ring on 0330 088 3838.