'Pay as you drive' vs 'Pay as you use' motor insurance policy: Which can be more beneficial?
The new motor insurance policy can drastically bring down the car insurance premiums.
Synopsis
You should know that these pay as you use or pay as you drive motor covers come under the sandbox regulations due to which the policies will have certain limitations. Therefore, your decision should not be based solely on how much it will cost.
With unnecessary travel being discouraged and people asked to work from home thanks to the coronavirus pandemic, it makes sense for vehicle owners to buy or renew motor insurance policies based on how much they actually drive their cars. This is where a 'pay-as-use-you-drive' or 'pay-as-you-use' motor insurance policy can come in handy.That is because if you do not use your car regularly, a pay-as-use-you-drive or pay-as-you-use motor insurance
Get Unlimited Access to The Economic Times
