Miles based car insurance news - Manufacturers produce fuel efficient cars

Car insurance news - Miles-based cover and fuel-efficient cars key in cost cutting

Drivers who are actively seeking ways to keep their motoring costs down may be well advised to look further than just investing in fuel-efficient vehicles as a change in style of motor cover may also be beneficial.

Telematics insurance providers, such as insurethebox, have entered the market in recent years to provide innovative solutions to the rising cost of cover. Miles-based car insurance products are one such answer to the problem as drivers agree to have a "black box" device fitted into their car and have their car use monitored.

Low mileage car insurance and pay-as-you-drive insurance products allow motorists to purchase competitively-priced cover, and control their spending, by choosing to drive less and/or in a safe manner.

Plus, some motoring experts agree that the introduction of such products could eventually have a positive effect on road safety in the UK as more drivers will be thinking hard about the way they drive.

It would follow that, as the Society of Motor Manufacturers said in the Financial Times, as car manufacturers are producing more fuel-efficient cars in order to help support the new car market in 2012, so more drivers will be seeking innovative ways to keep their motoring costs down. As a result, miles-based car insurance products are likely to become prominent in the car insurance market.