A RAC Foundation study has found that, on average, people only use their car as little as 4% of the time. This means that it spends a huge 96% of the time parked, and not in use.
If that’s the case, why are we paying so much for our car insurance? After all, if you’re not actually driving, you’re not that likely to have an accident.
By Miles, the UK motor insurance company agrees. They’ve been operating since 2018 and have a different way of doing things. They work on a car pay-by-mile basis. This means that the less you drive, the less you pay.
As you are a Liverpool Echo reader, you can even get £20 off!
James Blackham, co-founder and chief executive of By Miles, said “We’ve made a policy that’s fairer for people who don’t drive much. Every extra mile you drive adds to the risk of a claim, and we think it’s about time motorists were rewarded for driving less.”
Those that are signed up to By Miles pay a lower annual cost upfront to their car while it’s parked. This means that they just pay for the miles driven at the end of each month.
The cover is fully comprehensive, your No Claims Discount is guaranteed as standard, and there’s an app that provides useful extras, like scanning your car for faults and reminding you where you parked.
This all means that if you drive under 7,000 miles a year (many of us who live in towns, work from home or commute to work actually drive much less), then there’s a good chance that this car insurance could save you good money.
Get £20 Off Your Pay-By-Mile Car Insurance Policy
Get a quick idea of your quote in under a minute and see if you could save, as liverpoolecho.co.uk readers get £20 of free miles when they start their policy.* Just use the Quick Quote calculator below to get an estimated price for your car insurance.
*The not-so-small print: You must get a Quick Quote using the calculator above. Quick Quotes are an estimate based on very limited information so we need to make a few guesses e.g. your policy will start in two weeks and you haven't had any claims or driving convictions. Your price could go up or down after you've given your full details. Policies are available for drivers aged between 17-80. Free miles credit is not transferable, refundable or convertible into cash. Offer not available if you get a quote or purchase a policy after using a comparison site. This offer is not valid when used with any other offer. Read our terms at bymiles.co.uk/terms-of-business. By Miles Ltd is authorised and regulated by the Financial Conduct Authority (FCA) number 773046. This offer is valid for all purchases before 23:59, 30 April 2022.
