By Miles, a leading provider of policies, has teamed up with leading price comparison site, , to enable motorists compare its cutting-edge ‘connected car insurance’ policies alongside standard insurance policies. By Miles’ connected car policies are telematics products, that use a vehicle’s in-built Internet connectivity to track driving data instead of relying on a regular black box device.
All Tesla cars come with this connected car technology fitted as standard, and as Teslas often attract very high insurance premiums these new connected car policies from By Miles have the potential to save owners a decent chunk of money on their car insurance.
A number of newer models from other manufacturers now feature connected car technologies as standard too, which means the owners of those cars will soon be able to take out a connected car policy with By Miles.
Launched in London in 2018, By Miles is a fast-growing insurtech company that developed an innovative ‘Miles Tracker’ device in order to offer lower mileage drivers a fairer kind of insurance, where the premium was based on the number of the miles they clock up – the less they drive, the less they pay.
No Black Box Required
The company’s new connected car policies take that forward-looking approach to car insurance policies to the next level, by using a vehicle’s own IoT technologies instead of requiring a Miles Tracker device or external software. Policyholders simply connect their By Miles’ app with their car manufacturer’s account to start sharing the mileage from their car’s milometer.
This new partnership agreement will offer the country’s Tesla, and shortly other connected car drivers, the chance to compare the price of a By Miles pay-per-mile connected car policy with the premium they would have to pay for a standard car insurance policy.
Welcoming the new partnership, Oliver Baxter, Head of Brand & Product at By Miles, said:
“Comparison sites are a great service that help savvy customers compare like-for-like products, but when you’re trying to change an industry by offering a totally different pricing model it can be a bit challenging to fit into an existing template that has a bit of a one-size-fits-all approach. We’ve been really impressed by how willing the team at Quotezone have been to work with us to present our new policies in a format that drivers can easily understand. We’re looking forward to working with them to bring more innovations to drivers in the UK, so people can easily compare new insurance products that better fit the way they live.”
Greg Wilson, Founder of Quotezone.co.uk, added:
“By Miles is a highly innovative insurance brand that leverages cutting-edge technologies to offer lower mileage motorists a better deal on their car insurance. This new ‘connected car insurance’ product from By Miles takes that to the next level, enabling these motorists to benefit from premiums that are directly correlated to their mileage without having to install black boxes or tracking devices.
“We’re delighted that By Miles has chosen to partner with our leading price comparison platform, Quotezone.co.uk, and are confident that both the company and the many Tesla, and in the future more connected car owners that use our platform will greatly benefit from this partnership.”