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MyPolicy Car Insurance: Overview

MyPolicy focuses on telematics car insurance. They provide coverage for safe drivers. This is great for new drivers or anyone wanting to track their driving habits. Their smart box keeps track of important details like mileage, speed, and how safely you drive. This information helps determine the cost of your insurance. This policy is very appealing for young drivers and those who drive fewer miles.

MyPolicy partners with several trusted insurance companies. These companies are AXA, LV, and Mulsanne. They all follow the rules from the Financial Conduct Authority (FCA). This way, customers feel safe because their policies meet the standards in the financial conduct authority's register. Customers can also trust they are working with a reliable broker.

MyPolicy Car Insurance Features and Benefits

  • Telematics Device: The telematics smart box tracks your mileage and driving style. This helps to calculate your premium more accurately.
  • Mileage Tracker: The policies give lower premiums to drivers who drive fewer miles than others.
  • Accident Support: A helpful customer service team is there to assist you in case of accidents. They ensure that claims are processed quickly.
  • Dashboard and App: You can use the online dashboard and the MyPolicy app to view your driving habits, mileage, and policy status. This makes things easier for you.

Customer Reviews and Ratings

MyPolicy has mostly positive reviews. They have over 10,776 reviews on Trustpilot, and their TrustScore is 4.6 out of 5. Many customers like the low rates and friendly customer service, especially new drivers. Around 77% of the reviews are five stars. Users are happy with the telematics system because it helps them track their mileage easily. However, some customers have had negative experiences. They report long wait times when calling customer service. They also have issues changing mileage on the dashboard. About 8% of the reviews are one star, mostly because of these problems.

MyPolicy Customer Ratings Breakdown

Cost Comparison and Discounts

MyPolicy uses a pricing system that works with telematics. This helps them give good rates, especially for young drivers or those who drive less. They also provide discounts on car insurance for safe driving. This means you should avoid things like speeding or risky actions. When you ask for a quote, it's important to guess how many miles you drive in a year as accurately as possible. If you drive more than what you said, it could lead to extra costs or even cancellation of your policy.

Cancellation fees can happen in some situations:

Event Fee
Policy arrangement fee £350
Admin fee (changes during the year) £25
Change of vehicle £150
Black box removal £50
Cancellation fee within 30 days £247 (professionally installed device)
Cancellation fee after 30 days £75

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MyPolicy Car Insurance Cancellation Process

If you want to cancel your policy, MyPolicy gives you some options. You can cancel within 14 days without paying any extra fees. If you cancel after that, there will be cancellation fees. These fees can range from £75 to £247. The exact fee depends on whether you have a telematics device or a smart box that you installed yourself.

MyPolicy wants to give you the right information when you set up your policy. This is very important, especially about your mileage. If you go over the mileage you reported, your policy might be limited or could get cancelled automatically. Here are some reasons that could cause cancellation:

  • In the first 2 months of the policy, you will use 25% of the total amount.
  • In the first 3 months, you will use 90% of the total amount.
  • You can use all of the declared mileage whenever you want during the policy.

Speeding violations can cause you to lose your license right away. For example:

  • A speed over 30 mph was recorded in a 20 mph zone.
  • A speed above 45 mph was noted in a 30 mph zone.
  • A speed more than 60 mph was seen in a 40 mph zone.
  • A speed past 75 mph was marked in a 50 mph zone.
  • A speed over 90 mph was tracked in a 60 mph zone.
  • A speed above 100 mph was observed at any time.

MyPolicy is available in the UK, covering both England and Wales. The insurance is supported by companies like AXA. It follows the guidelines of the Financial Conduct Authority (FCA) and uses their Firm Reference Number (FRN). To follow the FCA's rules, you need to stay within certain driving limits. If you change your driving habits, like driving more miles, you have to tell us. This helps you avoid any penalties.

Customers need to look at their policy documents often. You can find them on the online dashboard. Pay attention to emails from MyPolicy. These emails have important updates and alerts.

If you need more help, you can contact MyPolicy's customer service team by email. You can also use the online system from Skyron. This system helps you manage your policy easily.

MyPolicy uses cookies on its website. These cookies are used to make your visit better. You should read their privacy policy. It will help you understand how they use your data.

MyPolicy Car Insurance Claims Process

If there is theft or an accident, MyPolicy helps you file a claim easily. You can get support from their expert underwriters, such as AXA and LV. To begin your claim, contact the customer service team. They are available to help you from Monday to Friday. Keep in mind that the contact numbers will change for different claims based on your underwriter.

MyPolicy Car Insurance Claims Process
Insurer Claims Contact Number
AXA 0345 608 0230
LV (Highway) 0800 028 9655
Markerstudy 0333 220 2039
Ageas 0345 122 3018

MyPolicy Telematics Insurance for New Drivers

For new drivers, MyPolicy’s telematics insurance is very helpful. It tracks your driving and can help lower the cost of your insurance. Safe habits like following speed limits and driving less can cut your insurance costs over time. The telematics smart box gives precise tracking. This assists you in creating a good driving profile. A good profile can lead to discounts when you renew your insurance.

MyPolicy App and Mileage Tracker

The MyPolicy app helps you keep track of your mileage, driving habits, and how well you are doing. This app shows you how your actions can change your insurance costs. It also helps you stay within your mileage limits. If you go over those limits, you might pay more for your insurance, or your policy could be cancelled. So, using the mileage tracker is very important for keeping your policy safe.

The app helps you look at your policy details easily. You can use it to manage your renewals. You can also check your coverage. Plus, it gives you additional support when you need it.

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MyPolicy Car Insurance Portal

The MyPolicy car insurance portal lets people check their insurance details. It shows things like coverage, renewal dates, and claims history. The online dashboard helps users update their personal information, like vehicle registration changes. They can also see their policy terms. Users can find policy documents and update their mileage at any time to prevent errors.

Is MyPolicy Car Insurance Right for You?

MyPolicy is a great choice for young drivers or anyone who wants pay-as-you-go insurance with telematics. The prices are fair, but drivers need to follow mileage and speed limits. The app and dashboard are user-friendly for managing your policy. Customer support is usually helpful. However, be careful about high cancellation fees and strict mileage rules.

MyPolicy Car Insurance Right for You

What are the coverage options offered by My Policy Car Insurance?

My Policy Car Insurance offers several types of coverage. These are liability, collision, comprehensive, uninsured motorist, personal injury protection, and more. With these choices, customers can customise their insurance plans based on their needs and budget.

FAQs About MyPolicy Car Insurance

You can check your mileage with the MyPolicy app or the online dashboard. It collects data from the telematics smart box.

MyPolicy gives complete help for accidents. Their customer service team supports you through the process. They take care of claims with well-known insurers like AXA and LV.

You can change your registration and vehicle details on the MyPolicy portal. A fee may apply if you switch vehicles while your policy is still active.

MyPolicy telematics insurance is made for new drivers. It has good rates. These rates depend on how well you drive and the number of miles you drive.

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Page last updated on: 16/12/2024

Page reviewed by: Shay Ramani

4000+ reviews