F - Fixed-mileage policy
05 June 2006
Fixed-mileage policy - By agreeing with your insurer to restrict the number of miles you cover each year, you could reduce your insurance premium. This is known as a fixed-mileage policy.
It's well worth considering if you only cover a few miles each year or run a classic car, or a car that is expensive to insure (See Cherished insurance.) However, if you exceed the limit, your insurance will be invalid.
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