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Normally referred to as "Black Box" policies. The insurer sends you a unit that plugs into the OBD port of the car and sends them back telematics data, including mileage. Used to be very popular for young drivers, not sure if that's still the case.
I agree with not going for the cheapest, but also worth checking if the company is an onshore or offshore insurer via the FCA Register. A lot of the cheaper online insurers tend to be offshore (based in places like Gibraltar, Cayman Islands, etc).
The reason for checking is that with an offshore insurer you are not protected under the Financial Services Compensation Scheme. All insurers, brokers, intermediaries and MGA's pay in to the FSCS which protects consumers if the insurer goes bust. Offshore insurers do not pay into this scheme, and their policyholders are not protected in case the insurer fails.
Spent some time working for a high street bank!!!
Learned a lot!!
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