Insurance with 10k miles/annum limit

Carjack · 07-31-2011, 10:09 AM

On my car insurance I have a 10,000 miles per annum limit, but looks as though this will be exceeded this year around.
Do I have to admit this to the Insurance company when I renew and if I do, does anyone know what the increase premium could be?
Cheers!

Danny.B. · 07-31-2011, 10:24 AM

I took out a policy last year at 5k miles, the year before i did the same and did 4995 miles! This year i went over and had a month left to run so had to ring to get it changed

Difference being is i had to declare the mileage i wanted the policy to start so they have a record of this, im not sure if alot of companies do this?

So unless is hugely different id not worry if you didnt have to declare the starting mileage like me.

Afterall it does say "estimated annual mileage" we cant all guess it exactly!

JLR1969 · 07-31-2011, 11:42 AM

Personally I would phone them before you go over 10,000 miles. If you have an accident and you have exceeded your limit and they can prove this I would be very surprised if they paid out. Not worth the risk.

chrismanchr · 07-31-2011, 12:57 PM

i would phone them too before you go over the limit ,mine is a 7k miles limit
you just have to pay the difference its no big deal but if it goes over by alot and its obvious they could refuse to pay out

Carjack · 07-31-2011, 12:59 PM

Thanks Guys for your responses!
I think it might be best if I do contact the Insurance company. (After all they are such nice people!

) Cos' I'm touring part of the EU for a week in a couple of weeks and I will def be over the 10k then.
Will let you know how I get on!
Cheers!

rabble · 07-31-2011, 01:03 PM

how will they know what milege your car is on? ive never had to declare the milege to insurance company ever

JLR1969 · 07-31-2011, 02:23 PM

Quote:

Originally Posted by rabble

how will they know what milege your car is on? ive never had to declare the milege to insurance company ever

Service records, MOTs, warranty work, how far you drive to work etc etc. I am sure if they really wanted to they could make your life a misery in the event of a dispute.

And for what an extra £50 on your premium for being honest, if youre going to be dishonest at least do it properly and make a fortune out of it.

Carjack · 08-01-2011, 07:48 AM

I contacted those nice Insurance people (

) and for an additional 2k on the 10k pa, they wanted an additional 5% about, on the pa premium, which is not too bad.
Wish I had gone for a couple more k, but if I feel I am getting near the limit I can always go back, at this sort of cost. Least it will give 'piece of mind', and that's what you want on your hoiliday!
Had the motor now almost 2 years. The first year did a low mileage and as it's a diesel thought it best to have an engine oil change, so it shows in the service book.
So the mileage of the 2nd year will be known immediatly 'cos it's due for a brake oil change. If I had a Insurance prob they would have me by the 'S n C's'

JLR1969 · 08-01-2011, 08:36 AM

Quote:

Originally Posted by Carjack

I contacted those nice Insurance people (

) and for an additional 2k on the 10k pa, they wanted an additional 5% about, on the pa premium, which is not too bad.
Wish I had gone for a couple more k, but if I feel I am getting near the limit I can always go back, at this sort of cost. Least it will give 'piece of mind', and that's what you want on your hoiliday!
Had the motor now almost 2 years. The first year did a low mileage and as it's a diesel thought it best to have an engine oil change, so it shows in the service book.
So the mileage of the 2nd year will be known immediatly 'cos it's due for a brake oil change. If I had a Insurance prob they would have me by the 'S n C's'

You did the right thing mate.

rabble · 08-01-2011, 12:31 PM

Quote:

Originally Posted by JLR1969

Service records, MOTs, warranty work, how far you drive to work etc etc. I am sure if they really wanted to they could make your life a misery in the event of a dispute.

And for what an extra £50 on your premium for being honest, if youre going to be dishonest at least do it properly and make a fortune out of it.

doubt it mate, ive seen claims/disputes done through insurance with many people but ive never heard of them ask or look at milege (and some claims involved huge £££s and written off cars etc...)

JLR1969 · 08-01-2011, 02:33 PM

Quote:

Originally Posted by rabble

doubt it mate, ive seen claims/disputes done through insurance with many people but ive never heard of them ask or look at milege (and some claims involved huge £££s and written off cars etc...)

Is it really worth the risk though for £50

Golgarth · 08-01-2011, 04:12 PM

On the only mileage limited policy I have ever had they stipulated an increased excess on a sliding scale with the amount of miles over the limit.
5% seems a touch high (obv depending on your initial premium)

uzi9mm · 08-01-2011, 06:19 PM

They cant prove it unless you admit, as someone else can easily be using your car, covered by their own third party insurance to drive car not belonging to them.

So unless you say you were the sole user they cant prove shit.

seamaster · 08-02-2011, 09:09 AM

Quote:

Originally Posted by Carjack

I contacted those nice Insurance people (

) and for an additional 2k on the 10k pa, they wanted an additional 5% about, on the pa premium, which is not too bad.

You will probably find that alot of that 5% is an admin charge for changing the policy mid term, it would probably be cheaper to overestimate the miles you will do next year rather than changing the policy mid term.

SteveBucks · 08-07-2011, 02:07 AM

Quote:

Originally Posted by seamaster

You will probably find that alot of that 5% is an admin charge for changing the policy mid term, it would probably be cheaper to overestimate the miles you will do next year rather than changing the policy mid term.

You will find that most insurers who use mileage as a prominent rating factor, usually do so in bands (i.e. 5-10k, 10k-15k etc..), so its always worth asking what these bands are and then over estimate within the bracket applicable to you. That way your less likely to need to amend mid-term, and you still wont pay a higher premium.

The time that people are most likely to get an issue when making a claim (where you have gone over the mileage specified) is when you have a total loss / write-off, as you may then have to provide evidence of service log book, MOT's etc, for X number of years to help achieve the settlement figure your expecting.

07-31-2011, 10:09 AM	#1
Carjack Stormtrooper 170 Rep 806 Posts Drives: 330i G20 M-Sport Portimao Blue Join Date: Jul 2010 Location: London iTrader: (0)	Insurance with 10k miles/annum limit On my car insurance I have a 10,000 miles per annum limit, but looks as though this will be exceeded this year around. Do I have to admit this to the Insurance company when I renew and if I do, does anyone know what the increase premium could be? Cheers!
	Appreciate 0 Tweet Quote

07-31-2011, 10:24 AM	#2
Danny.B. Lieutenant Colonel 94 Rep 1,581 Posts Drives: E90 330d M Sport Join Date: Jan 2011 Location: England - Lincolnshire iTrader: (1)	I took out a policy last year at 5k miles, the year before i did the same and did 4995 miles! This year i went over and had a month left to run so had to ring to get it changed Difference being is i had to declare the mileage i wanted the policy to start so they have a record of this, im not sure if alot of companies do this? So unless is hugely different id not worry if you didnt have to declare the starting mileage like me. Afterall it does say "estimated annual mileage" we cant all guess it exactly!
	Appreciate 0 Quote

07-31-2011, 11:42 AM	#3
JLR1969 Major General 1882 Rep 7,000 Posts Drives: Kubota GR1600 Join Date: Dec 2008 Location: England iTrader: (1)	Personally I would phone them before you go over 10,000 miles. If you have an accident and you have exceeded your limit and they can prove this I would be very surprised if they paid out. Not worth the risk.
	Appreciate 0 Quote

07-31-2011, 12:57 PM	#4
chrismanchr Second Lieutenant 17 Rep 228 Posts Drives: 1986 mr2 mk1 Join Date: Mar 2011 Location: manchester england iTrader: (0)	i would phone them too before you go over the limit ,mine is a 7k miles limit you just have to pay the difference its no big deal but if it goes over by alot and its obvious they could refuse to pay out
	Appreciate 0 Quote

07-31-2011, 12:59 PM	#5
Carjack Stormtrooper 170 Rep 806 Posts Drives: 330i G20 M-Sport Portimao Blue Join Date: Jul 2010 Location: London iTrader: (0)	Thanks Guys for your responses! I think it might be best if I do contact the Insurance company. (After all they are such nice people!) Cos' I'm touring part of the EU for a week in a couple of weeks and I will def be over the 10k then. Will let you know how I get on! Cheers!
	Appreciate 0 Quote

07-31-2011, 01:03 PM	#6
rabble Private First Class 6 Rep 194 Posts Drives: e93 330i M Sport Join Date: Jul 2009 Location: uk iTrader: (0)	how will they know what milege your car is on? ive never had to declare the milege to insurance company ever
	Appreciate 0 Quote

08-01-2011, 07:48 AM	#8
Carjack Stormtrooper 170 Rep 806 Posts Drives: 330i G20 M-Sport Portimao Blue Join Date: Jul 2010 Location: London iTrader: (0)	I contacted those nice Insurance people () and for an additional 2k on the 10k pa, they wanted an additional 5% about, on the pa premium, which is not too bad. Wish I had gone for a couple more k, but if I feel I am getting near the limit I can always go back, at this sort of cost. Least it will give 'piece of mind', and that's what you want on your hoiliday! Had the motor now almost 2 years. The first year did a low mileage and as it's a diesel thought it best to have an engine oil change, so it shows in the service book. So the mileage of the 2nd year will be known immediatly 'cos it's due for a brake oil change. If I had a Insurance prob they would have me by the 'S n C's'
	Appreciate 0 Quote

08-01-2011, 04:12 PM	#12
Golgarth Private 0 Rep 69 Posts Drives: 2010 318d M-sport tourer Bus Join Date: Jul 2011 Location: north east iTrader: (0)	On the only mileage limited policy I have ever had they stipulated an increased excess on a sliding scale with the amount of miles over the limit. 5% seems a touch high (obv depending on your initial premium)
	Appreciate 0 Quote

08-01-2011, 06:19 PM	#13
uzi9mm Private First Class 11 Rep 146 Posts Drives: F30 320d Join Date: Feb 2008 Location: Birmingham iTrader: (0)	They cant prove it unless you admit, as someone else can easily be using your car, covered by their own third party insurance to drive car not belonging to them. So unless you say you were the sole user they cant prove shit.
	Appreciate 0 Quote