Fast Food Delivery Insurance by the mile, or an all in one policy?
When you are looking for Fast Food Delivery Insurance, there will no doubt be a number of things to consider. From the level of cover; social domestic and pleasure to fully comprehensive, to pay by mile or a policy that covers it all in one place.
At Insurance Revolution we sell an all-in-one policy as we believe this is easier, and often cheaper for our customers instead of paying per mile.
What is a pay per mile or ‘top-up’ policy?
Some insurance providers in the market are able to offer a ‘top-up’ policy. Ordinarily, a customer would need to purchase a standard social, domestic and pleasure policy for their vehicle in addition to the ‘top-up’ policy.
Top-up policies charge customers per mile, but this can cost anywhere between 80p and £3 per mile depending on the provider’s view of your driving. The insurance providers track your vehicle via plug in telematics devices which tracks driving criteria such as:
- Speed including if you go over the speed limit,
- The distance travelled to deliver food,
- How heavily you brake and how quickly you take corners,
- What time of day you are driving.
The list above is an indication but we advise customer check the policy wording for a full break down of the areas monitored by telematics devices.
Once they have monitored the above points, they calculate the rate per mile you will be charged.
How much can it really cost?
As mentioned above, the price is determined once the insurance provider has assessed your driving style, ability and timings.
Let’s look at some figures.
Statistics from the Money Advice Service last year show that the average price of car insurance for a person in their 30’s is £832. This figure assumes that the owner has 5 years driving experience and 5 years no claims discount and is from averages of the quotes from a selection of major UK insurers. This £832 would cover your vehicle for Social, Domestic and Pleasure but not cover you for driving as a Fast Food Delivery Driver.
If you were driving 20 miles as a Fast Food Delivery Driver per week, you would be looking at paying an additional £64 - £240 a month depending on the information the telematics box recorded. Over the year, this could equate up to £2,880 extra for top-up Fast Food Delivery Driver Insurance a year!
All-in-One Fast Food Delivery Driver Insurance
We offer an all-in-one fast food delivery driver insurance policy meaning that you know exactly what you are paying every month or year. Our policies include social, domestic and pleasure for your day to day driving, as well as cover for your fast food delivery driving. We find this is much simpler for drivers who know that all their insurance is covered in one place. What is more, we allow our clients to tailor their insurance from a range of policies including third party only, comprehensive and allow add-ons such as breakdown cover and legal.
You can get a quote on our website here.
80p - £3 per mile correct at time of publishing from competitor analysis on 7th February 2020.
Statistics from the Money Advice Service found at https://www.moneyadviceservice.org.uk/blog/what-is-the-average-cost-of-car-insurance on 7th February 2020.