What is mileage insurance?
There are many different options when it comes to car insurance. Think of a limited casco insurance or an all-risk insurance for example. The mutual conditions of the insurance affect the premium. This also applies to the kilometre insurance. What is this exactly?
For the sake of convenience, let's take a little trip to subscriptions for gas and electricity. You usually estimate your consumption in advance and pay a monthly amount based on that. Do you consume more? Then you pay more at the end of the year. Do you use less? Then you will receive money back. In general terms, the kilometre insurance is similar to this very recognisable situation.
- You estimate how many kilometres you will drive in a year;
- the premium is calculated on the basis of your assessment;
- At the end of the year, the final account is prepared.
With kilometre insurance, you are therefore insured on the basis of the kilometres you have driven.
When is it wise to take out kilometre insurance?
Taking out kilometre insurance can be advantageous in some cases. Our tip here is: make sure you can make an analysis based on your driving behaviour. Why 'can' in bold? When you have just bought a car, it is often very difficult to determine exactly how many kilometres you will drive per year. Have you had a car for a long time? Is your driving behaviour almost always the same? Then a kilometre insurance might be an option for you.
What does a km insurance cost?
As mentioned, a kilometre insurance is calculated on the basis of your estimate. This means that the premium will differ per case. Naturally, the premium will be lower if you expect to drive fewer kilometres. However, always pay close attention to the policy conditions: it could be that you pay extra if you exceed the estimate.
Mileage insurance not always advantageous...
Taking out kilometre insurance is not necessarily advantageous. First of all, because not many people are able to make a good estimate. In addition, you may feel restricted by the kilometre insurance. Going on holiday by car? It is possible that this will have a negative impact, based on the policy conditions. So think carefully about taking out a kilometre insurance policy. It should really fit in with a consistent line in your driving behaviour.
Get good car insurance at Alpina
Are you interested in a different kind of car insurance? There are several ways to get car insurance with Alpina. Although we cannot offer you mileage insurance, we do offer many other benefits related to insuring your car. Do you still have questions? Then don't hesitate to contact us!
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