Get Pay As You Go Car Insurance No Deposit
Pay As You Go Monthly Car Insurance UK No Deposit: Pay as you go is a popular word for mobile phones but now this facility is also available for car insurance. This policy is beneficial for those who do not want to pay high premium. For Americans, car insurance is major expense. Average car insurance premium is $1000 to $2500 as per demand. Lesser pay or more, car insurance premium surely affect budget. Let us know how it works.
How Pay As You Go Car Insurance works
Normally, this plan contains a monitoring device on vehicle or car and it record how far the car is gone, how often or hard a person brakes. This new policy changes the traditional model of car insurance. The premium charge is based on factors such as driver’s age, gender, marital status, and credit rating.
Those, who wants more credit rating, will drive fewest miles, do not rush hour, do not show aggressive driving and hard braking. Electronic device is plugged in with car’s dashboard and review is unable online. After a month, coverage is to be paid by user. Other system is also available which is not uses dashboard system, but rely on odometer reading or OnStar technology. Let’s check where to buy Pay As You Go Monthly Car Insurance UK.
Who offers pay as you go car insurance?
There are about 10 car insurance companies that provide this policy in America.
- Progressive company offers a plan which gives a chance to test it free for one month.
- Allstate system is called “Drive Wise” and the company is offer 10% discount to customers who try it for a onetime.
- State Farm offers that those who drive least might be able to save 40% and possibly even 50%.
- Hartford Financial Services offers a TrueLane PAYD plan in about 6 states.
Saving on premium
More than 70 percent of people save up to 30 percent on their regular premium. It simply means that everyone who uses car insurance would save up to $270 annually. If all American join this plan, more benefits can be seen. PAYD is not a perfect car solution but it may become a biggest revolution for American citizens.
Many times it might happen that pay as you drive policy is available at unsuitable rate and person avoid buying, but then what about premium hikes. Progressive says that price rise will not happen. Some insurers are providing this system with GPS but some are not showing where the car is going.
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