Car insurance agreements are partly determined on how often a car is used with those on higher mileage policies likely to pay more. This means many drivers are likely to “low-ball” their figures and opt for one of the smallest mileage quotas in a bid to save money.
“The higher your annual mileage, the higher your premium is most likely to cost and that’s why some motorists may choose to low-ball their figure.
“It’s always recommended to aim a little higher, just in case you have to take any unexpected journeys throughout the year.
“Low-balling your figure could land you in hot water and invalidate your policy.”
However, increasing your annual overall mileage can have some consequences with many drivers possibly paying more than they need to.
Drivers who do this may find it hard to get cover in the future and will likely be forced to pay expensive premiums when they do.
Robert Lee, Underwriting manager at Aviva said it was “important” road users answered questions as best they can to ensure their policy reflects their overall road use.
But he warned drivers who accidentally underestimate cover would be able to update it at a later date if their circumstances have changed.
He said: “As with any matters relating to insurance purchases, it’s important that consumers try to answer questions honestly and give as accurate information as they can.
“Each individual will have different ‘unexpected’ trips. Personally, as I have young children, I’ve added 2,000 miles to my mileage to cover driving them to clubs, friends, parties, etcetera.
“If you’ve underestimated your mileage, most insurers will allow you to increase it.”