06 Nov Are you guesstimating your mileage?

Are you guesstimating your mileage when you renew your car insurance?

woman guesstimating

Over a quarter of UK, drivers could be overpaying or invalidating their insurance cover.

 

According to research carried out by USwitch:

  • 27% of motorists guess how far they drive every year
  • Only 22% actually checked their MOT certificates
  • Drivers overestimate journey distances by 15%

 

When you’re going through the arduous annual slog of car insurance renewal, do you have a wild stab in the dark at your annual mileage or is every rotation of your milometer monitored with acute precision?

More than a quarter of the respondents surveyed said that they had simply guessed the figure which could lead to real issues as:

  • they could end up paying too much for insurance, or
  • if they exceed their stated mileage it could invalidate their insurance

 

According to the RAC, the UK average mileage is around 8000, and UK drivers overestimate driving distances by 15%.

The research suggests that many driver’s perceptions of distances were highly inaccurate, as detailed in the table below.

Journey

Average estimated distance (miles)

Actual distance

Difference

(%)

Manchester – Sheffield

110

39

71

182%

Manchester – Liverpool

94

35

59

169%

Cardiff – Bristol

116

45

71

158%

Manchester – Leeds

105

45

60

133%

Manchester – Nottingham

132

73

59

81%

Manchester – Birmingham

125

86

39

45%

London – Leeds

172

127

45

35%

London – Manchester

202

151

51

34%

London – Liverpool

157

118

39

33%

London – Birmingham

154

118

36

31%

 

The most accurate way of calculating your annual mileage is to use your previous years’ MOT certificate as a reliable reference point.

If you want to keep accurate records of your fleet activity and supply your drivers with in-depth performance insights, we provide a Telematics Solution that gets the best of your drivers and your grey fleet. We also provide a range of fuel cards that enable your fleet to go further for less.

Find out more at www.cambriancards.com/telematics/ or call us free on 0800 612 6132

cambriancards
gareth.thomas@cambriancards.com
No Comments

Sorry, the comment form is closed at this time.