To achieve this maximum 18% refund, you’d need to have driven 0 miles over this nine-month period.Ġ miles driven (9,000 lower than estimated) = 18% refundģ,000 miles driven (6,000 lower than estimated) = 12% refundĦ,000 miles driven (3,000 lower than estimated) = 6% refundĩ,000 driven (exactly as estimated) = 0% refund This means the maximum miles you’d be able to claim as undriven would be 9,000 - an 18% refund. If you sign up to Mileage MoneyBack three months into your policy, we’d assume you drove one quarter of your estimated annual mileage during these three months. This is because we won’t have your mileage readings for the time before you signed up.Įxample based on a mileage estimate of 12,000 a year. Sign up right at the start of your policy and we’ll look at the entire year when working out your refund, but start later and we’ll assume you drove an equal share of your annual mileage estimate up until your sign-up date. The point at which you sign up to Mileage MoneyBack makes a difference to the maximum refund you could receive. So, if you estimated you’d drive 12,000 miles over the year, but actually drove only 10,000 miles, you’d be due a 4% refund. Sign up to Mileage MoneyBack How much will be refunded?Īt the end of your policy, we’ll refund 2% of the cost of your premium (excluding optional extras or interest charged on monthly payments) for every 1,000 miles you didn’t drive. In following years, you’ll only need to submit a mileage reading at the time of your policy renewal. We’ll then work out how many miles you’ve driven, and compare this to the estimated annual mileage on your policy (your estimate can be found on your policy documents).įor every 1,000 miles under your annual estimate, you’ll get back 2% of the cost of your insurance (excluding optional extras or interest charged on monthly payments), up to a maximum of 20%.
We work out your miles driven from the date you sign up to Mileage MoneyBack, so the closer to the start of your policy that you sign up, the bigger your refund could be.Īt the end of your policy year – once you receive your renewal invite – you’ll need to submit a new mileage reading. If you have a Direct Line car insurance policy, you can sign up to Mileage MoneyBack by submitting your car’s current mileage. When it comes to insurance, if you drive your car less than expected, you could get some money back at the end of your policy.
Nobody wants to pay for things they don’t use.
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