insurance for extra mileage

[bordseye]

my policy is based on 5000 miles per annum and it looks possible that I will do 7000. some of you will think I'm daft but I'm the sort of person who will either tell the company and pay the extra or take the car off the road.

any idea what percentage extra that mileage might incur. policy is with royal sun alliance through A plan. and no I dont want to phone them cos its one thing to drift a few miles over the limit when you havent asked than when you have asked and your question is on file.

[SeanyD]

Spooky, I was in EXACTLY the same situation, agreed 5k limit, seemed I was likely to do nearer 10k. Phoned insurance and it only upped the premium by 50 quid or so (Eagle Star).

Edited by SeanyD on Monday 15th December 10:11

[bogie]

depends on their mileage banding - it may not put it up at all

if you were going from like 5K private miles to 20K class 1 business miles, then yes, Id be expecting a big increase, but from 5 to 7K, hopefully it will be neglible

[kambites]

It's an estimate (unless you're on a limited mileage policy).

[bogie]

kambites said:

It's an estimate (unless you're on a limited mileage policy).

of course - rarely when you take a policy out do they ask you for a verified mileometer reading on the car, so proving youd gone a few miles over would take some doing

the only time it would ever come into question is if you have a claim, either for total loss or accident, and they check the car out, and its got like 2x the mileage on it or such like, so a few hundred miles here and there on a regular policy and I wouldnt worry to be honest

[jondude]

I wouldn't worry either, but if you do, then don't call - write with your details and add ' I thought I would tell you, but as the difference in mileage is negligible, I hope you will agree there is no need for a premium increase, not least as I am still unsure if I will drive the 7,000 miles'

By writing they have to read the letter and make a decision. Phoning can get the clerk to ask a few colleagues who just grab a figure more or less out of the air.

Let them know you are being honest, let them know you don't think an increase is fair....and leave it.

(Your real worry is that many insurers charge £25 just for any new document....so you could get a 'we agree no increase in premium, but here is your new doc showing 7,000 miles, and that will be £25 quid admin fee, ta' )

When is your renewal? If it is within 3-4 months, then I really wouldn't bother letting them know.

Edited by jondude on Monday 15th December 13:27

[bordseye]

jondude said:

(Your real worry is that many insurers charge £25 just for any new document....so you could get a 'we agree no increase in premium, but here is your new doc showing 7,000 miles, and that will be £25 quid admin fee, ta' )

When is your renewal? If it is within 3-4 months, then I really wouldn't bother letting them know.

Edited by jondude on Monday 15th December 13:27

Exactly - just what was going through my mind. I could imagine a £10 uplift turniong into £40 after admin.

Its end May renewal and 3800 done so far, so there's no way I'm not going to do more than 5k

[S Works]

Most are pretty reasonable (if you're with one of the specialists). I've done this a couple of times and each time it was no more than about £50, which %-wise (vs. the total cost of the policy) was a pittance.