One of the factors that affect how much your motor insurance provider is going to charge you for your cover for the next 12 months is the number of miles you travel in your vehicle each year. When obtaining a quote and applying for such insurance you provide the insurer with an estimate of how many miles you are likely to do for the next year.
If you are only going to travel say 2,000 miles a year in your car then it is quite possible that you will be charged less for your car insurance than if you were intending to do say 15,000 miles over the next 12 months. The reason for this is that, statistically, you are less likely to be involved in a road traffic accident the fewer miles you travel and therefore are less likely to make a claim on your motor insurance policy. The less that insurers have to pay out in claims potentially means they can charge less for the cover.
Well, an interesting survey was carried out for GoCompare Car Insurance that has revealed there has been a fall in the number of miles some people are tending to drive their vehicles. The survey compared quotes for car insurance in January 2018 with August 2021 and found that 20% fewer motorists in the later month said that they would be doing between 11,000 to 15,000 miles and 14% more drivers said that they would be doing between 1,000 to 5,000 miles each year.
Presumably, a major contributing factor to this is the impact the pandemic has had on motoring habits as a lot more people have been working from home rather than getting in their vehicles to commute to work. Also, it is quite possible that there are fewer people who are taking breaks in the UK perhaps due to concerns about the possibility of getting COVID-19 and therefore not using their cars as much.
