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