Tax & ComplianceLiveMint — Money
Car lying idle? How Pay As You Drive insurance can help you keep more money in your pocket
29 Aug 2026 · 29 Aug 2026
PAYD is a usage-based ‘add-on’ that links a portion of your OD premium to the distance you drive. Instead of paying the same rate as someone who spends hours on the road every day, PAYD allows drivers with lower annual mileage to benefit from reduced premiums.
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