Pay as you go insurance

[johnk]

Does anyone have this, is it any good?

[dennisb66]

Are these not mainly for short term insurance,ie 1 to 28days

[johnk]

No it's also for low mileage drivers, I only do about 4K per year.

[dennisb66]

Must look at this in Feb,as I do less than 4000 miles per year.

[dennisb66]

Some comments on this link John. http://money.uk.msn.c...-documentid=153027261

[Hopkirk]

I love watching BMWs struggling in snow.

[Hopkirk]

Oops. Sorry. Wrong thread.

[dennisb66]

And more comments here, http://forums.moneysa...owthread.php?t=400785

[Toureman]

Your thinking about mobile phones, they call it "pay as you drive", it has been about for a few years now.

It could benefit you if you do under 6000 miles a year by reducing your payments which you pay monthly, a small gps system is fitted in your car so they know where you drive and how much mileage you do.

It is nothing to do with short term insurance.

Click the link..........

http://www.uk-insuran...nce-company-2721.html

[wilkesneil]

but with this GPS system you can only use your car at certain times during the day and night. If you use it (even in an emergency) within the prohibited times you automatically get a £50 fine.
My girlfriend looked into this but with the restricted times, she'd have had a fine almost everyday of the week.

[Mobius1]

That's not true. I use Coverbox insurance, I have a GPS tracker in my car, there is no fine for using the car at a certain time. There are peak and off peak hours that are charged at different rates.

I have mine set (at policy start) for 5000 off peak and 1500 peak miles. I hardly use any peak miles (these are 07:30 to 09:30 and 16:30 to 18:00 on weekdays). There is super peak charges for policy holders under 23 which I'm not.

The service is fine, it's fully comp and the cheapest quote I could get. The GPS works well, and you can log online any time and track your mileage usage, it even breaks it down into different graphs and charts so you can see when you drive the most, the average distance and the types of road you use.

[wilkesneil]

she had insurance at the time with tesco who wanted to fit one of these to reduce premiums.
it was a few years ago and maybe terms and conditions have altered but as she was told of the charges i would suggest asking about this before taking a policy out so you know if there are limits

[Mobius1]

That's fair enough. Things have definitely changed in that time though.

I would recommend this type of insurance if you can definitely put a figure on the kind of mileage you're going to do and don't mind the whole big brother aspect of your car being tracked everywhere it goes.

[Toureman]

Just out of interest I got a Quote for my car from Coverbox using all the best options, rural area very low mileage full bonus etc and the cost was considarably higher than my normal insurance