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RAC unveils pay-as-you-drive car insurance deal to cut motorists costs

RAC unveils pay-as-you-drive car insurance deal to cut motorists costs Drivers who travel fewer miles, perhaps because of the Covid-19 pandemic, may potentially be able to save money through the no ties plan The video will auto-play soon8Cancel Play now Never miss another Nottinghamshire story by signing up to our free email updatesInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time.

RAC launches pay per mile car insurance for drivers

RAC launches pay per mile car insurance for drivers Grace Gausden For This Is Money © Provided by This Is Money MailOnline logo The RAC is launching a new, flexible monthly subscription-based car insurance product aimed at saving money for motorists who cover fewer than 6,000 miles a year. Drivers are covering 20 per cent fewer miles than two decades ago, with this trend likely to continue following the coronavirus, meaning pay per mile policies are likely to become more popular.  Pay by Mile from RAC Car Insurance works by charging motorists an agreed per-mile cost for the miles they actually drive, called the mileage premium, in addition to a set monthly fee to cover their vehicle while it s parked, known as the parked premium.

Pay-by-mile car insurance subscription service launched by RAC

A ‘no-ties’ monthly car insurance subscription service is being offered by the RAC (Benjamin Wright/PA) Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up A “no-ties” monthly car insurance subscription service is being offered by the RAC, in a move it says could shake up the market and reduce motorists’ costs. Drivers who travel fewer miles, perhaps because of the Covid-19 pandemic, may potentially be able to save money. Rather than being tied to an annual contract, they will pay a monthly subscription, and charges will also depend on the actual number of miles they drive.

RAC launches new pay-by-mile car insurance subscription service

RAC launches new pay-by-mile car insurance subscription service which could change the market The new service is aimed at people who drive fewer than 6,000 miles a year. Pay by Mile from RAC Car Insurance  is aimed at people who drive fewer than 6,000 miles a year (Image: Getty Images) Get the stories that matter to you sent straight to your inbox with our daily newsletter.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time.

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