Students can save money by getting insurance by the mile on a parent’s car
If you’re at college or university, buying and running your own car can be costly, so why not share your parent’s car and just pay for the miles you drive? Being a student means budgeting sensibly, but doesn’t mean you should miss out on driving freedom until after you’ve graduated!
Pay as You Go Insurance puts you in control! Start with 500 miles and arrange auto top up of 100 to 500 miles when there’s 50 miles left. Don’t worry if you won’t be driving much - miles are valid for 12 months from the date of purchase, or top up, and you can keep on top of how many miles are left on the handy app. What’s more, young drivers develop safe driving skills with our black box tech and smart app!
Yes, we think it is – and here’s why. The price to add a new driver onto an existing insurance policy can be eye-watering (and that’s if you can get quote at all – some companies won’t cover young drivers, especially if they're learning or not in full time work). If you do get cover, and the young driver needs to make a claim, the parent’s hard earned No Claims Discount will be affected. Another thing to consider is there may be admin costs involved with adding and removing a named driver onto a policy – so if the young driver only plans on being covered for a couple of months, this makes it a very expensive way of doing things!
Pay as you go insurance is different. It’s a completely separate policy for the young driver that sits alongside the parents –and if the young driver does need to make a claim, Mum and Dad don’t have to worry about their NCD. Paying only for the miles used means a cost saving too – if the young driver won’t be driving all that much, why pay sky high premiums? It doesn’t make sense to us – and this is where this policy comes in. It saves money, time and a whole lot of hassle so the young driver can get on the road without all the fuss. If you're still unsure, we've written a guide on everything you need to know pay as you go insurance.
This policy asks you to set an automatic top up amount, so you’ll never find yourself without cover!
What’s covered by our Pay as You Go Insurance?
Legal liability for death or injury
Damage to the car owner’s vehicle
Personal accident up to £2,500
Medical expenses up to £250
Personal belongings up to £100
How does it work?
If you're a student with a full licence, and you'd like short term cover from 1-6 weeks, check out our Student Car Insurance policy.
If you’re planning on driving your parent’s car regularly discover our annual option that covers you on a full or provisional licence!
We’ve taken a look at the pros and cons of buying vs borrowing a car to help you make the best choice for you.