ByMiles, a new insurance company

[rayaans]

Very interesting concept and the quotes are ridiculously cheap if you do low mileage.

You basically pay up front for being insured for parking, and then pay per mile you drive. 

They send you a tracker in the post which you plug into the OBD port. 

5 star defaqto rated too! 

 

[Guest]

Sounded good until you said 'tracker'



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[rayaans]

29 minutes ago, Comedian said:

Sounded good until you said 'tracker'



Sent from my STV100-4 using Tapatalk
 

Only holds mileage data, not speed by the looks of it.

[graham8370]

Won't insure an LS600.

[rayaans]

1 hour ago, graham8370 said:

Won't insure an LS600.

They are picky - will insure an IS300h though but not an RX so I suspect it may be to do with engine size. 

Only reason I posted was because my FIL has had a quotation from the usual comparison websites etc on his Merc C220 of £900 (that was the cheapest) as he has 3 points and a claim from when someone reversed into him

These lot gave a quote of £192 per year + 4.4p per mile. He does 3-5k miles so works out about £420 tops

[JeffL]

I wish the RFL could be charged that way! £500+ for my GS300! and I only do 3000/4000 miles p.a.

[cruisermark]

50 minutes ago, JeffL said:

I wish the RFL could be charged that way! £500+ for my GS300! and I only do 3000/4000 miles p.a.

True - These maginificent cars lose value because of this and are slowly being pushed off the road due to the high running costs and to be replaced by so called more economical models.

[doog442]

£150 a year parked plus 3p a mile for me.

I currently pay £170 ...If I did 5000 miles a year the total would be £300  . 

Agree about VED, its nonsensical .