| Pay As You Drive commonly known as PAYD, has | | | | You gain access to your personal assistant |
| set a revolution in the car insurance. You | | | | with the help of 24/7 Assistance button which |
| can now save money by driving less. Usually, | | | | offers support in case of some |
| the insurance trend is low mileage drivers | | | | inevitabilities such as an accident or a |
| receive minimal discounts for driving less. | | | | break down. A driver who gets covered under |
| Not any more. With Pay As You Drive you get a | | | | PAYD, also gets a 30 day free trial of a |
| financial incentive for driving less. It also | | | | speed camera detection and a satellite |
| reduces driving and congestion by 10 to 12% | | | | navigation. On completion of this free trial |
| approximately. | | | | period, you can purchase which ever best |
| | | | suited you. |
| It is an innovative concept related to car | | | | |
| insurance which is calculated per mile you | | | | PAYD resulted out of a research with which it |
| travel. PAYD links insurance polices to an | | | | was evident that low-mileage drivers are a |
| odometer instead of just the date on the | | | | large untapped market. Pay-as-you-drive |
| calendar. PAYD offers dual purpose, it | | | | insurance is as simple as buying gasoline. |
| provides opportunity to all drivers to save | | | | Drive less and Pay less. A driver covered |
| money and at the same time protect the | | | | under this insurance will get a per mile rate |
| environment. | | | | which is also based on other rating factors |
| | | | currently in vogue. It could be the |
| Such PAYD insurance is more cost-effective | | | | geographic location, vehicle type and the |
| and affordable as it gives every driver a | | | | driver's crash history. |
| greater control over his premiums. And low | | | | |
| mileage drivers like a carpooler, low-wage | | | | In some countries like Arizona, Indiana, |
| earner etc. subsidize high mileage driver. | | | | Illinois and Pennsylvania, there's a new |
| | | | mileage discount program which is designed in |
| The technology that has revolutionized the | | | | collaboration with both GMAC Insurance and |
| car insurance is GPS(Global Positioning | | | | Onstar vehicle service. All those drivers |
| System). This enables to gauge monthly | | | | with a GM Vehicle and an OnStar service can |
| insurance premiums on the basis of where you | | | | earn an additional discount based on the |
| drive and how often you drive. So the monthly | | | | miles they drive. The discount offered would |
| premiums is based on the individual's driving | | | | be quite significant if the vehicle mileage |
| habits rather than others. | | | | is less. |
| | | | |
| Take greater control over your premiums by | | | | From an environmentalist point of view such |
| settling down with a fair deal! | | | | an insurance motivates one to drive less and |
| | | | thus reduce air pollution and other climate |
| In addition to the above benefits, it allows | | | | impacts. |
| you to have a volley of some in-car features. | | | | |