Who Is Best Suited To Pay As You Go Insurance?Mon, 17/10/2016
For Pay As You Go insurance the insurer will install a telematics tracking device (or “black box”), which is about the size of a smart phone, into your vehicle. This comes at a cost, so why choose to do this?
Pay as you go insurance for drivers with low mileage
Pay as you go car insurance makes a great option for drivers with low mileage. This is because you only pay for the miles you actually drive, meaning the fewer miles you cover the lower your insurance premiums should be.
The telematics device will measure exactly how many miles are driven and you will be charged accordingly.
How New Drivers Can Benefit From Pay As You Go Car Insurance
Pay as you go car insurance makes a great option for new drivers and young drivers. These drivers attract higher insurance premiums due to their lack of experience on the road, but pay as you go car insurance calculates costs differently. The ‘black box’ monitors the actual driving, making the policy tailored towards the individual; this can make your car insurance cheaper if you are a good, careful driver.
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