Limited Mileage Insurance

If you only drive rarely or only for short distances then a standard policy is a financial loss for you. In standard insurance policies you have to pay a fixed insurance amount as premium whether you have driven around a lot or of if the car was parked idly in your house for better part of this period. It does not matter if your mileage is high or low, if you drive regularly or only rarely.

At CarInsuranceClassic.co.uk, we proffer Limited Mileage Insurance Policy for you. It is a car insurance policy specially underwritten for motorists with lower mileage. This policy enables these drivers to save lots of money when compared to a standard policy. They will have to pay only for what they have incurred in their agreed mileage.

Our Limited Mileage Insurance is a boon for people with only limited mileage necessities. For instance, if you go to work using public transport and regularly commute and you use your car only for special occasions or in urgent situations, your mileage is low. We offer this policy from reputed insurance companies and you can be assured of transparent and reliable dealings. With their fast, discerning and accurate quotation tools, you can compute how much money you will save in a few minutes. Some companies even give discounts if you drive lesser than your mileage limit, which is fixed by the insurer. Other discounts are also given depending on the insurer.

How Limited Mileage Insurance Works Out

Prior to taking out Limited Mileage Insurance policy, estimate your current mileage. It will then be recorded by the insurer. The insurance companies fix a certain limit as your mileage and you have to keep your mileage within this boundary. This limit is dissimilar for different insurance companies. You have to be precise and truthful about your initial mileage. Otherwise, if you go beyond the agreed mileage, your insurance will probably be made null by the insurer. It depends on the insurer. Some will only charge you an allowance for the additional mileage provided you pay an extra premium.

If unexpectedly you have to file a claim, MOT/Service certificates might be required. However, if you exceed the mileage allowance then your claim may be called into question.

In case you replace your vehicle with another one, you have to submit the finishing mileage of your initial car with the insurance provider. The beginning mileage of the new car is also needed by the provider to work out the mileage of these two cars when it is time to renew your policy.

Why Some Insurers Consider Limited Mileage Insurance a High/Low Risk

According to some insurers it is a low risk policy, as the car is not driven often. Then there is less likelihood of accidents occurring. But in case you are a daily commuter and you leave your car in the same spot with no one there till you come back, there is the increased chance for your car being stolen. This likelihood makes some insurance companies consider it a high risk policy.