06 Nov Are you guesstimating your mileage?

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

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.

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