VOOM says its research shows that the risks associated with low-mileage riding can be more than 80% lower than that of high-mileage motorcycling.
Some other products do allow riders to stall their insurance during winter months, but this is the first pay-as-you-go system in the world, the company claims.
VOOMdoes not require a physical device or mobile app to track mileage or behaviour. Instead, riders simply submit a photo of their odometers every month.
Coverage is accompanied by online policy management, and varied other coverage options available to qualified riders, including liability, comprehensive, medical payments, collision, uninsured motorists, and accessory coverage.