You are here: Home - Insurance - News -

Co-op Insurance to offer flexible car insurance based on mileage

Written by: Emma Lunn
The Co-op has teamed up with pay-by-mile car insurance provider By Miles to offer car insurance customers who drive lower mileages cheaper cover.

Rather than paying an annual premium, drivers pay a lower fixed amount each year to cover their non-driving risks, such as theft and vandalism, then pay for the rest of their cover monthly, based on how many miles they drive.

The deal is available direct through Co-op Insurance’s website.

By Miles measures each journey using a device called a Miles Tracker, with drivers able to access the cost of each trip through a smartphone app.

The By Miles app and web dashboard also offers chat support and a range of additional features that it claims make owning a car easier.

The Co-op says its partnership with By Miles is part of the brand’s wider strategy to provide a difference to its members and customers.

Charles Offord, managing director of Co-op Insurance said: “We’re pleased to be teaming up with By Miles to give even more choice to our members and customers who are looking for the right level of cover that suits their individual needs.

“We understand the role vehicles play in keeping people connected in communities throughout the country, this year more than ever. As a community-focused organisation, it’s important to us that we give people the tools required to stay connected and this new usage-based solution will help do this.”

James Blackham, co-founder of By Miles, said: “We are delighted to start working with Co-op Insurance to help offer even more choice and a personalised service to its members and customers.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Are you due £100 compensation from HSBC?

Borrowers with HSBC, First Direct, M&S Bank, and John Lewis Finance may get up to £100 in compensation after receiving...