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Pay-Per-Mile Insurance Aims To Cut Cover Costs

July 12, 2017

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Auto Express

New policy on way this year

By Miles says it is aiming to revolutionise insurance market

- Michael Cox

Pay-Per-Mile Insurance Aims To Cut Cover Costs

THE UK’s first pay-per-mile car insurance policy will launch later this year, promising to cut premiums for low-mileage drivers.

By Miles will record every journey using a telematics ‘black box’ and charge motorists per mile driven instead of an annual premium. Drivers will be told the cost of each trip through a smartphone app and billed at the end of the month.

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