The upfront annual premium is based on the estimated average number of kilometres travelled by a taxi in a year. This premium won’t be adjusted for the actual number of kilometres travelled.
Instalment payments are based on a forecast number of kilometres likely to be travelled during the instalment period and are adjusted at the end of the period to reflect the actual number of kilometres travelled. You’ll receive a refund to reflect that adjustment if the kilometres travelled are less than the forecast but may initially have to pay more if the kilometres travelled are more than the forecast.
If you choose to pay in instalments but ultimately end up travelling more than the average annual number of kilometres on which the upfront premium is based, the total premium you pay will be no more than what you would’ve been charged had you opted to pay your full annual premium up front.