Estimated mileage on insurance policy
Discussion
On my policy I have an "estimated" mileage of 9,000 miles but due to some exceptional family reasons I will exceed this mileage by about 1,500 miles, two trips to SW France and weekly trips back and forth from the South East to Doncaster for the last 6 weeks have contributed to this, all not planned or expected.
My renewal has just come through and the word "estimated" is not there in the renewal details just 9,000 miles, the renewal is due in 1 month. Not sure what to do about letting them know about the excess, would they refuse a claim if I've exceeded the mileage (the average over 2 years will likely exceed 18,000 miles)?
I did the internet quote thing on various insurance quote services with an increased mileage to 10,000 miles and they all come back with far more than I'm paying now even with my current insurer, which incidentally is £100 more than this year with no changed details.
Looks like it's going to go up a lot more than the £100 if I tell them the mileage will possibly be closer to 10,000 miles than 9,000 on average.
My renewal has just come through and the word "estimated" is not there in the renewal details just 9,000 miles, the renewal is due in 1 month. Not sure what to do about letting them know about the excess, would they refuse a claim if I've exceeded the mileage (the average over 2 years will likely exceed 18,000 miles)?
I did the internet quote thing on various insurance quote services with an increased mileage to 10,000 miles and they all come back with far more than I'm paying now even with my current insurer, which incidentally is £100 more than this year with no changed details.
Looks like it's going to go up a lot more than the £100 if I tell them the mileage will possibly be closer to 10,000 miles than 9,000 on average.
9 to 10k I wouldn't expect to make much difference as 10k is about average anyway.
Most only reduce the amount if you sign up to something significantly under average like 5k/year, although as with everything there are exceptions.
Are you 100% sure you are comparing like for like?
Also, don't forget your car is now worth 1 years more depreciation less.
Either way, as with lots of things insurance related if you give them a detail that turns out to be untrue & they find out during a claim process they can always try to get out of it. Not worth the hassle, tell them.
Most only reduce the amount if you sign up to something significantly under average like 5k/year, although as with everything there are exceptions.
Are you 100% sure you are comparing like for like?
Also, don't forget your car is now worth 1 years more depreciation less.
Either way, as with lots of things insurance related if you give them a detail that turns out to be untrue & they find out during a claim process they can always try to get out of it. Not worth the hassle, tell them.
It isn't that much difference, but I don't see why you wouldn't tell them if you know it will be more than the current value. It really does make sense to be honest with insurance.
It's not always as simple as you think anyway. At my renewal, I decreased the mileage on one of my cars because I rarely use it. The premium for that car increased! They told me that happens more than you'd think and they didn't understand it either.
It's not always as simple as you think anyway. At my renewal, I decreased the mileage on one of my cars because I rarely use it. The premium for that car increased! They told me that happens more than you'd think and they didn't understand it either.
Mileage on insurance always baffles me somewhat and I never really know how to answer it.
Because I have a number of cars, I have a few different policies. I have one policy for my cars that maybe cover a couple of hundred miles a year where the market value doesnt reflect the true value of the car and so I want them to have agreed valuations, I have another policy for my cars that for some unbeknown reason are difficult to insure with normal providers and then I have a multi-car policy with LV for my every day cars.
The first two are relatively easy to work out the mileage for as all those cars are used sparringly, but for my every day cars its a little more tricky.
I have a car that I leave in England to drive when I am down there and then I have a few up in Scotland that are all on the LV policy, but lets take the car I leave in England as an example. I put down that I might cover 8,000 a year, but then that car is also sometimes used by friends and covered fully comprehensively under their own policy held on other vehicles.
So lets say I do 8k miles a year in that, but my friend does a further 2k, what mileage do I need to insure the car for? Are they wanting the mileage that I would drive in it, or the total mileage that the car covers within that year?
Because I have a number of cars, I have a few different policies. I have one policy for my cars that maybe cover a couple of hundred miles a year where the market value doesnt reflect the true value of the car and so I want them to have agreed valuations, I have another policy for my cars that for some unbeknown reason are difficult to insure with normal providers and then I have a multi-car policy with LV for my every day cars.
The first two are relatively easy to work out the mileage for as all those cars are used sparringly, but for my every day cars its a little more tricky.
I have a car that I leave in England to drive when I am down there and then I have a few up in Scotland that are all on the LV policy, but lets take the car I leave in England as an example. I put down that I might cover 8,000 a year, but then that car is also sometimes used by friends and covered fully comprehensively under their own policy held on other vehicles.
So lets say I do 8k miles a year in that, but my friend does a further 2k, what mileage do I need to insure the car for? Are they wanting the mileage that I would drive in it, or the total mileage that the car covers within that year?
Chamon_Lee said:
your over thinking it. Its fine
Its an estimate, they won't care.
This is getting as bad as the porsche forums asking if they are putting the right tyres on by using different brands
Its an estimate, they won't care.
This is getting as bad as the porsche forums asking if they are putting the right tyres on by using different brands
That's the conclusion I have always come to, that they dont really care! So I try and be roughly accurate, but I guess my point does raise a question that I dont have an answer for;
Do they want the mileage that the vehicle will cover during the next year, or do they want to know how many miles that I will drive the vehicle?
There is no legal requirement for the odometer to be correct, working or working properly.
MOT testers can make mistakes entering mileage.
The most they might do in the event of an accident is pay for the policy if it had 1500 extra estimated miles, they aren't going to take you to court over it.
MOT testers can make mistakes entering mileage.
The most they might do in the event of an accident is pay for the policy if it had 1500 extra estimated miles, they aren't going to take you to court over it.
WyrleyD said:
On my policy I have an "estimated" mileage of 9,000 miles but due to some exceptional family reasons I will exceed this mileage by about 1,500 miles, two trips to SW France and weekly trips back and forth from the South East to Doncaster for the last 6 weeks have contributed to this, all not planned or expected.
My renewal has just come through and the word "estimated" is not there in the renewal details just 9,000 miles, the renewal is due in 1 month. Not sure what to do about letting them know about the excess, would they refuse a claim if I've exceeded the mileage (the average over 2 years will likely exceed 18,000 miles)?
I did the internet quote thing on various insurance quote services with an increased mileage to 10,000 miles and they all come back with far more than I'm paying now even with my current insurer, which incidentally is £100 more than this year with no changed details.
Looks like it's going to go up a lot more than the £100 if I tell them the mileage will possibly be closer to 10,000 miles than 9,000 on average.
Never noticed any difference for small changes of mileage, I've always thought you're either in the 3k, 5k, 10k or 20k+ bands.My renewal has just come through and the word "estimated" is not there in the renewal details just 9,000 miles, the renewal is due in 1 month. Not sure what to do about letting them know about the excess, would they refuse a claim if I've exceeded the mileage (the average over 2 years will likely exceed 18,000 miles)?
I did the internet quote thing on various insurance quote services with an increased mileage to 10,000 miles and they all come back with far more than I'm paying now even with my current insurer, which incidentally is £100 more than this year with no changed details.
Looks like it's going to go up a lot more than the £100 if I tell them the mileage will possibly be closer to 10,000 miles than 9,000 on average.
If you have a 'limited mileage' policy like for classics, that's a different animal.
Are you likely to go to France or Doncaster next year?
Chamon_Lee said:
your over thinking it. Its fine
Its an estimate, they won't care.
This is getting as bad as the porsche forums asking if they are putting the right tyres on by using different brands
^ ^ This.Its an estimate, they won't care.
This is getting as bad as the porsche forums asking if they are putting the right tyres on by using different brands
Does the insurance company require an accurate odometer reading at the start of the policy? If not, how do they know how many miles the car has done, or how many each driver has driven.
Chamon_Lee said:
your over thinking it. Its fine
Its an estimate, they won't care.
This is getting as bad as the porsche forums asking if they are putting the right tyres on by using different brands
It's been like that here for ages mate.Its an estimate, they won't care.
This is getting as bad as the porsche forums asking if they are putting the right tyres on by using different brands
p.s. I used to have a Porsche and you are right - what an odd pedantic bunch!
MustangGT said:
LordFlathead said:
I'd just ring them and tell them. It shows you are a fair player and they have a record of this. After all it is an insurance non-compliance and they could use it against you for non-disclosure of material facts.
This. Mileage can affect premium payable.Cat
What you need to do is remove the 1500 miles from the odometer. This can be achieved by jacking up the car and putting it in reverse. If your car has a top speed of 150mph then it could be done in ten hours. My suggestion is to use cruise control. I know it's been done with a Ferrari 250 GT California as I saw it on TV.
carl_w said:
littleredrooster said:
^ ^ This.
Does the insurance company require an accurate odometer reading at the start of the policy? If not, how do they know how many miles the car has done, or how many each driver has driven.
The MOT history (available online) is a big clueDoes the insurance company require an accurate odometer reading at the start of the policy? If not, how do they know how many miles the car has done, or how many each driver has driven.
The question is, does anyone know anybody who has had a problem with this when it comes to a claim? For insurers to wriggle out of a claim based on mileage I'd suggest you'd have to (a) have been involved in a very expensive claim (b) been massively over your estimated mileage.
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