Drivers can now secure cheaper pay per mile car insurance in new 'fairer deal'

However, this is expected to drop even more with just 5,936 miles predicted for 2021.

Pay per mile insurance is already available at some smaller firms but new schemes from More Than and the RAC are the first major household names to introduce the scheme.

The pay per mile scheme is being developed in partnership with global vehicle and data deriving firm Insurance and Mobility Solutions (IMS).

Bob Skerett, CEO of IMS, Insurance Division said a low mileage scheme was “undoubtedly the right product” to introduce at this time.

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