Pay You Drive Insurance is a very useful thing, you will get insurance policy for less money

Do you also feel that the running of the vehicle is less but still you are paying more Car Insurance Premium every year? So today let us explain to you about such a Vehicle Insurance Policy which is specially designed for those people whose running of the vehicle is very less.

Insurance companies sell this policy under the name Pay as You Drive Insurance. As you know, every coin has two sides, so let us tell you about both aspects of this insurance policy, that is, it is also important to understand what are the advantages and disadvantages of this policy.

During the conversation with Santosh Sahani, Motor Head of Kataria Insurance, it was revealed that insurance companies offer Pay as you Drive Insurance policy to the customers with 2500, 5000 and 7000 kilometer options.

If you feel that your running in a year is less than 2500 kms then you can save money by buying a 2500 kms plan. You can buy these policies according to your needs. The overall benefit of this insurance policy is that the premium can be reduced according to the running of the car.

These companies offer Pay as Drive Policy

Not every insurance company has this type of insurance policy, there are only a few companies that provide this kind of facility. Santosh Sahani says that companies like Reliance and ICICI have such plans available.

Advantages and disadvantages

The advantage is that the premium can be reduced, but now it is important to understand the disadvantages as well. Suppose you have bought a policy of 2500 kms which has reduced the premium but your policy will expire as soon as 2500 kms are completed. After buying the policy, if you feel that the running can be more than 2500 kms then you will have to renew the policy before the completion of 2500 kms. If the policy is not renewed, then if the car gets damaged in an accident after 2500 kms, then the claim money will not be received.