Doing more than stated mileage

fluffnutter

An annual premium is calculated based on the information given and there is no compunction to inform your insurer of change during the life of that premium. A decent actuary would have factored in the possibility that certain information, e.g. mileage, is volatile and as such premiums across the board take into account the likelihood of change. You might feel obliged to tell them of your increased mileage and perhaps even anticipate an increased premium. Do you think they'd give you money back if you phoned to say you do fewer miles than you first thought?!

However... if they believe you've deliberately lied... then they can deem your policy null and void. In practice, this is unlikely and, as advised in previous posts, would probably not matter one bit unless the stated mileage and true mileage were very different.

Incidentally this is the same for all insurance for which you're given a price for a set period. For example, if you take out life assurance as a non-smoker (and pay lower premiums accordingly) then you can take up a 40-a-day habit the very next day without any obligation to tell your insurers. Your premiums were based on the information at the time and that's the end of it.

I wouldn't worry about it. Although I might try to be more accurate when I renew.

[Deleted User]

Thanks all,

It will only be a few K miles more than what I had originally stated and the policy is up in December. Might just leave it then.

cyclonebri1

Good job you don't have specialist limited mileage insurance, those guys are red hot and want exact mileage etc and don't just charge the additional bit if you go over, it's actually more than that.

The answer is I would tell them if you are asking for advice, the proofs always on the mot data base any way, if I was in your position I wouldn't bother ;) attitude to risk and all that.

I suppose pre mot age it's not such an issue.

daveyjp

Pew_Pew_Pew_Lasers! wrote: »

meh, I've done it loads of times, and just given them the mileage at renewal.

They don't care.

How many claims have you had?

They do care - one of the first questions they asked me when I had my accident was the mileage of the vehicle.

If my then 15 month old vehicle had done say 50,000 miles I could see them starting to ask more questions as I have a 20k limit.

Inactive

Pew_Pew_Pew_Lasers! wrote: »

meh, I've done it loads of times, and just given them the mileage at renewal.

They don't care.

Who do you mean by " they "?

That would imply that you have first hand experience of every insurer in the country, which I somehow doubt.

forgotmyname

I saved money by dropping my policy from 6000 to 4000 a year, Not much about £20 i think.

If your doing more than a 1000 over i would inform them to be safe, They can find out from MOT's servicing etc.
When you bought the car the previous seller may have sent the mileage to the DVLA with the logbook.

My current insurer asked for the cars mileage.

Judas

They do care and when paying out they will ask to see MOT's if they have suspicions.
If your a bit off or its a one off fair enough; but if they find out that you do 50k a year and pay for 10k then goodbye pay out.

cyclonebri1

Judas wrote: »

They do care and when paying out they will ask to see MOT's if they have suspicions.
If your a bit off or its a one off fair enough; but if they find out that you do 50k a year and pay for 10k then goodbye pay out.

As in 20% of the pay out

jjonesy

Maybe a silly question / point.
Surely it is the driver that is insured for the mileage they drive and not how many miles the car does?

So theoretically someone who is insured to drive any car drove the excess miles then would that be OK?

There would be no way of anyone proving this as your avearge driver will not keep a log book of who drove what miles

cyclonebri1

jjonesy wrote: »

Maybe a silly question / point.
Surely it is the driver that is insured for the mileage they drive and not how many miles the car does?

So theoretically someone who is insured to drive any car drove the excess miles then would that be OK?

There would be no way of anyone proving this as your avearge driver will not keep a log book of who drove what miles

The driver states in the declaration the estimated maximum mileage the car will cover per year, if 10 other users eat into this it still stands. (and can be proven)