MORE THAN launches its mileage-based insurance product for ‘low-miler’ drivers

Designed in partnership with global vehicle and data driving business IMS (Insurance & Mobility Solutions), More Than ’s Low Miler usage-based product uses a smart device to provide a ‘fairer’ way of offering car insurance for those who use their cars less often or travel shorter distances.

Here’s how it works: MORE THAN Low Miler customers select a mileage allowance for the year, up to a maximum of 7,000 miles. They are then sent a device that plugs into the vehicle via a socket inside the car or under the bonnet. The device tracks customers’ mileage, regularly updating them on the miles they’ve driven and allowing them to buy top-up miles if they need to.

“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. Recognizing 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.” – Anthony Aronin, Head of Telematics Insurance at MORE THAN.

“We’ve built a strong relationship with MORE THAN as suppliers of connected insurance technology, and the mileage-based approach is the optimum way forward at this stage in the insurance revolution. Low Miler is undoubtedly the right product at the right time. The partnership reflects our international experience, particularly in North America, where we provide the technology for similar insurance products.” – Bob Skerrett, CEO of IMS, Insurance Division.