Pay As You Drive
Pay lower premiums for your car insurance with Pay As You Drive add-on
Pay-as-you-drive cover operates on the simple rule that you should pay less insurance price if you drive less. Since you are not out on the road often, you have a low accident risk, and your insurance bill should reflect
the same.
Depending on your driving needs, you can opt for 5000 and 7500 km/year plans. If you exceed your plan's kilometres, you can top up your insurance coverage with more kilometres for that particular policy year.
Unlike other car insurance policies in the market, these newly introduced add-ons are designed to give you more control of your vehicle insurance costs.
Since standard car insurance premiums depend on geography, make-model, and age of the vehicle and are not based on their usage, most car owners who opted for Pay as you drive policy saved on their premiums.
Our experience with the Pay as you drive policy under the Sandbox regulation in 2020 also helped us learn that 56% of customers chose to Pay as you drive over conventional insurance due to its cost-effectiveness and
usage-based premiums. In comparison, 22% bought this policy due to its telematics benefits.
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