With everything going on in the world at the moment, lots of us are working from home right now which means there’s an opportunity to potentially save hundreds of pounds on your car insurance. Find out how below…
For transparency, I’ve written about By Miles Car Insurance a few years ago as they looked like they were a good option for Miss Frugal when she got her first car because we knew thought that the car would be sitting on the driveway for most of the time and paying for her insurance based on her actual mileage seemed like a great option.
As it happened, we ended up buying her car at the start of the Coronavirus Pandemic which actually meant that I taught her to drive and we spent more time driving in that little car than we did doing pretty much anything else so we didn’t go for it but I was just scrolling through some posts on my blog and was reminded about this company and I thought some of you might find it useful based on where we’re at right now.
Basically, By Miles charge you insurance for the miles that you actually drive which for those of us who have reduced our mileage by working from home or just venturing out into the world less, could work out cheaper than a conventional car insurance policy. I’m not working with By Miles on this post but the link I’ve shared below is my referral link from when I worked with them back in 2019.
How does it work?
By Miles can charge you less based on the fact that they believe that if your car’s just parked up outside your house then you’re less likely to have an accident which in turn reduces the likelihood of you needing to make a claim on your policy. That means you’re a lower risk than a driver like me who drives an 80 mile round trip on the days I’m at work which is where you have the potential to save hundreds of pounds depending on how much you pay now and how many miles you drive per month.
With the pay-by-mile policy, you would just pay a fixed cost to cover your car while it’s parked up and then you get a per-mile rate of a matter of pennies to cover your driving. You can use the calculator to get an estimate on how much it would be based on the mileage you expect so you have everything you need to decide if paying for your car insurance would work out better for you.
To work out how many miles you’ve travelled, you get a little Miles Tracker which is above my technical pay grade when it comes to telling you what it does but I do know it’s no bigger than the size of a matchbox and you just plug in to your car in a matter of seconds. It’s super simple to do from what I can see when reading up about it.
Not only does it magically keep track of your mileage but it also has the added bonus of helping you to scan your car for possible faults and cleverly translates any warning lights you might see on your car’s dashboard into plain English so you know what you’re doing. There was an error code on Miss Frugal’s little Adam not long ago that was flashing all over the place and after a mini panic and a fair amount of Googling, it turned out that it was simply the sidelight that needed replacing so I’ll absolutely take anything that helps me diagnose an error without panic – especially if it saves me money on my car insurance too!
Can you save with By Miles Car Insurance? Get a super quick quote in less than a minute here.
There’s also a cap on how many miles they’ll charge you for in the year (I think 10k) so you don’t need to worry about going over your estimated mileage and getting a big bill
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