Car Insurance Price Increase For Upping Estimated Maximum Annual Mileage? 9 September 2022 at 12:01PM in Insurance & life assurance 2 replies 123 views

EdR2006

Hi.

I took out a car insurance policy and paid in full, up front just over a month ago, however I probably underestimated my expected annual mileage.

I'm using Freedom Brokers insurance and have a tracker fitted.

I'm probably going to have to contact my insurance company and tell them about the underestimate. I originally told my insurance company I estimated my annual mileage as 3,000 miles, when in reality I could be driving closer to 6,000 miles.

So far I've only covered just over 10% of the 3,000 miles I was quoted for and have paid for.

Please can anyone give me an indication as to how much extra my insurance company might try and charge me for the mileage to be doubled? (I've paid about £487 for the first 3,000 miles.) I've read of people getting unexpectedly, unnecessarily high charges for policy changes and I'm trying to avoid this.

DullGreyGuy

You ultimately cannot avoid it.

For many insurers 3,000 and 6,000 would be very similar in price and for some the 6,000 would be less charge depending on if you're asked about access to another vehicle or not. 

For a mid term amendment you not only have the additional premium but the admin fees to pay. This can become slightly more complex with a broker as sometimes they place business with specialist insurers who aren't interested in quoting for a MTA if it takes you out of their area of interest (eg ultra low mileage).

400ixl

Probably just the admin fee for a mid term adjustment. But only way to find out is to ask them.