Yolt partners with By Miles to offers users with flexible motor insurance

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Smart money app, Yolt announced a partnership today with pay-by-mile car insurance By Miles in a bid to enable the former to offer flexible motor insurance policy for meeting its customer needs amidst the UK lockdown. The new partnership will assist Yolt’s users in spending and saving smart along with the ability to manage better pensions, investments, utilities as well as car, phone and home insurance via a single app.

Pauline van Brakel, Chief Product Officer, Yolt commented, “Partnering with By Miles brings Yolt another step closer to enabling users to manage their finances, in one central place – ending app juggling and making money management easier to tackle. Through trusted partnerships like these, Yolt users are able to effectively manage their insurance products, investments, savings, pensions and other bills, directly from within the app. The UK’s lockdown measures have led many to significantly reduce the amount they travel. For these drivers, a flexible insurance plan could help them to bring down the cost of their policy, by paying for car insurance that’s based on the actual miles they’re driving.”

By Miles offers pay-by-mile car insurance policies for UK drivers. It charges a fixed annual fee for covering vehicles while they are parked, with customers paying per mile for any additional driving throughout the year.

James Blackham, CEO and co-founder of By Miles, added, “It’s great to be partnering with Yolt, a company as passionate about putting people back in control of their finances as we are. Our pay-by-mile car insurance policies offer a fairer, more flexible way to insure your car – especially if you’re not driving that much. You can keep an eye on your spending too, with itemised monthly statements and the ability to see how much each trip will cost before you set off.”

Recently, Yolt announced the establishment of a new API connection with American Express, thus enabling its customers with an AMEX card to view their spending and balance directly within the money application.