Insurance and Mileage

[bad company]

I just renewed the insurance on my 2020 BMW. Due to lockdown I only did 7000 miles in the first year so on renewal I paid for 10K rather than my usual 12K miles.

My question is in the forthcoming insurance year how will they know how many miles I’ve covered? They didn’t ask for an odometer reading and as the car’s only 1 year old there’s no MOT record.

[bad company]

Saleen836 said:

Someone will confirm or deny but when insurance ask you for annual mileage and you tell them (in your instance) 10k they take it as a guestimate,your premium wont be affected by the fact you told them 12k the year before,mileage only makes a difference AFAIK to the premium when you drop to to a couple of K's a year,they can check this online via the MOT history check

My normal mileage is 10-11K, as I said this year I only managed 7K due to lockdown. I’ve gone for 10 next year but as I see it I can also use some from the previous year as nobody knows the odometer reading.

[bad company]

blueovercream said:

I asked an insurer this before and can confirm that in the event of a claim, they check the mileage from the vehicle’s MOT records.

That’s the obvious answer but the car’s just coming up to a year old so there’s no MOT record.

[bad company]

QBee said:

Be careful with classic policies that have restricted mileage.
They do require an odometer reading at the start of the year, and as soon as you pass the agreed mileage your policy needs to be renewed.

I just renewed the classic policy on my TVR. They didn’t ask for the odometer reading but the mileage at MOT is public information so they’d know if I was doing more than the 5000 miles I pay for. It was less than 2000 last year.

As stated earlier I’ve changed from paying for 12,000 to 10,000 miles in my BMW. They haven’t asked for the odometer reading on that policy either.