pay as you drive

Pay-as-you-drive motor insurance a big hit among hybrid and remote workers, says report

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Pay-as-you-drive motor insurance a big hit among hybrid and remote workers, says report

Pay-as-you-drive (PAYD) motor insurance plans are gaining popularity among consumer segments such as hybrid and remote workers, households with multiple cars and homemakers, a PolicyBazaar report revealed. The report mentioned that hybrid or work-from-home employees comprise 35 per cent of PAYD customers. They represent the largest share of the customer base. Pay as you drive … Read more

Car insurance: Why should you opt for ‘Pay as You Drive’ cover?

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Have you ever thought of the financial burden your vehicle insurance incurs regardless of the vehicle’s usage? What if you take your car out of the garage only once a week for a short drive. Effectively, less car usage means lower possibility of collision and therefore, leads to fewer insurance claims.  This should, ideally, incentivise the … Read more