Insurer More Than has launched a new mileage-based car insurance product in response to changing driver dynamics created by COVID-19. Developed in partnership with data driving business IMS (Insurance & Mobility Solutions), the product is for those driving up to 7,000 miles a year.
Anthony Aronin, head of telematics insurance at More Than, said: “How we drive and use our cars won’t be the same for some as we come out of this pandemic. With more flexible working arrangements and less commuting, some people will likely be driving less.
“Recognising this need, we want to ensure everyone has access to insurance that best suits their needs. That’s why we’re launching More Than Low Miler, an innovative way of linking premiums to the miles customers drive, giving those who drive fewer miles a fairer deal.”
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