Pay as you drive, the best car insurance deal
By Kirthy Shetty
Pay As You Drive commonly known as PAYD, has set a revolution in the car insurance. You can now save money by driving less. Usually, the trend is low mileage drivers receive minimal discounts for driving less. Not any more. With Pay As You Drive you get a financial incentive for driving less. It also reduces driving and congestion by 10 to 12% approximately.

It is an innovative concept related to car which is calculated per mile you travel. PAYD links polices to an odometer instead of just the date on the calendar. PAYD offers dual purpose, it provides opportunity to all drivers to save money and at the same time protect the environment.

Such PAYD is more cost-effective and affordable as it gives every driver a greater control over his premiums. And low mileage drivers like a carpooler, low-wage earner etc. subsidize high mileage driver.

The technology that has revolutionized the car is GPS(Global Positioning System). This enables to gauge monthly premiums on the basis of where you drive and how often you drive. So the monthly premiums is based on the individual’s driving habits rather than others.

Take greater control over your premiums by settling down with a fair deal!

In addition to the above benefits, it allows you to have a volley

Willis Names Fyfe Managing Director - Latin American Reinsurance
Willis International, a unit of Willis Group Holdings, has announced the appointment of Edward Fyfe as Managing Director of its growing Latin American reinsurance operations, effective ...
Chartwell Introduces Commercial Storage Insurance Program
Los Angeles-based Chartwell Independent Insurance Brokers LLC has launched a commercial storage insurance (CSI) program. This program offers specialty insurance coverage for warehouse and storage ...
Beecher Carlson Adds Four to National Property Practice
Atlanta-based Beecher Carlson has expanded its National Property Practice with the addition of four industry professionals who will be based in the company's corporate office in Atlanta. The new ...


of some in-car features. You gain access to your personal assistant with the help of 24/7 Assistance button which offers support in case of some inevitabilities such as an accident or a break down. A driver who gets covered under PAYD, also gets a 30 day free trial of a speed camera detection and a satellite navigation. On completion of this free trial period, you can purchase which ever best suited you.

PAYD resulted out of a research with which it was evident that low-mileage drivers are a large untapped market. Pay-as-you-drive is as simple as buying gasoline. Drive less and Pay less. A driver covered under this will get a per mile rate which is also based on other rating factors currently in vogue. It could be the geographic location, vehicle type and the driver’s crash history.
In some countries like Arizona, Indiana, Illinois and Pennsylvania, there’s a new mileage discount program which is designed in collaboration with both GMAC and Onstar vehicle service. All those drivers with a GM Vehicle and an OnStar service can earn an additional discount based on the miles they drive. The discount offered would be quite significant if the vehicle mileage is less.
From an environmentalist point of view such an motivates one to drive less and thus reduce air pollution and other climate impacts.
Content developer for finance sites.

Log onto www.commercial-loan-mall.co.uk

Here are some more insurance articles...