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Most of the OEM subscription services that we’re talking about let you swap cars out whenever you feel like it and cost a boatload of money. UK. Like most.
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UK’s car insurance postcode lottery revealed: Average motor policies fell 4% in Sutton but ROSE by as much as 9% in Lincoln at the end of last year
Another option is to go for a policy with a high excess and ensure you save enough money to cover it should you have to make a claim. You get sued: Dogs aren’t.
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Pay upfront for your insurance using the market-leading 0% purchases card and you’ll be able to pay it off gradually without being charged any interest. If you haven’t claimed on your car insurance for a year, you’ll earn a no-claims.
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The new product – a first for the UK market – requires the car owner to take out a monthly subscription of between £10 and £30 that then has to be topped up for each hour the vehicle is used. Cuvva, which already offers by-the-hour insurance cover for individuals to drive vehicles belonging to friends and family, said car owners will have to pay from.
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What you can expect: A drop in premiums for traditional car insurance as more driverless technology is implemented and more pay-as-you-drive policies come.
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