We have launched our very first mileage based insurance product specifically for Lexus RZ owners. Why pay for insurance you don't' use? With us you don't. This RZ insurance will not only give you one of the most comprehensive levels of cover in the market, but also only charge you for the miles you drive.
This product has been tailored to your lifestyle and will give you back if you drive less than the amount you declared at the start of your policy. Don't worry if you drive over this amount as there will be no extra charge applied.
BENEFITS
REFUND
The potential refund is unique to every policyholder and will be worked out based on your declared mileage, against your actual mileage. If you in fact drive over your declared mileage, there will be no extra charges applicable. (Please read the T&C's for more information)
BATTERY COVER & CHARGING EQUIPMENT
Your battery and charging cables are covered against accidental damage, fire and theft.
24 HOUR EMERGENCY HELPLINE
Dedicated claims line is open 24/7 at our UK contact centre, so there's always someone ready to help you.
HOW THIS MILEAGE BASED PRODUCT WORKS
The potential percentage refund is worked out by connecting to the vehicles Data Communication Module (DCM), allowing us to accurately work out, the declared vs the actual mileage. Please note, we will only be monitoring the actual miles driven against the declared mileage at the start of the policy. You will be able to opt-out of sharing your data at anytime during this policy, however this will mean you will not be eligible for the mileage based product and our fully comprehensive Lexus Motor Insurance product will step in. We will not be looking at how, when or where you are driving. Please see the example below:
The mileage that you forecast you will travel in your Lexus RZ in the next 12 months, when you purchased your policy.
The amount you have paid, which is based upon your declared mileage.
Based upon your mileage at month 11 we annualise this and if you are forecasted to drive less over the 12 month period than your declared mileage you will receive a refund based on your actual mileage.
The amount that you would have paid had you declared the lower declared mileage.
We will refund you the difference between your Cost of Premium (02) and what the cost would have been on the lower mileage (04).
ELIGIBILITY
Vehicle must be a Lexus RZ on cover during the entire Period of Policy Cover, prior to the commencement of the last month of the Period of Policy Cover. If you change your vehicle mid-way through your policy to a vehicle that is not a Lexus RZ then you will not be eligible for a mileage based refund.
Vehicle must be registered in UK (including Northern Ireland) for the first time during the product period. (Q registrations are excluded)
