Co-op partners with pay-by-mile provider By Miles
UK-based Co-op Insurance Insurance teamed up with pay-by-mile car insurance provider By Miles to offer motorists a usage-based solution. 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.
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. In addition to giving customers transparent access to their own spending and driving data, the By Miles app and web dashboard offer chat support and a range of additional features that make owning a car easier.
“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 organization, 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.” – Charles Offord, Managing Director of Co-op Insurance.
“We are delighted to start working with Co-op Insurance to help offer even more choice and a personalized service to its members and customers.” – James Blackham, co-founder of By Miles.