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Do
not pay too much for Insurance!
Pay
As You Drive from Hollard is an innovative comprehensive
car insurance policy where premiums are based on
the kilometres that your car actually travels each
month.
With
typical car insurance, accidents make up over 70%
of all claims, and this has a significant impact
on your total car insurance premium. If your car
spends less time on the road, it has a lesser chance
of being involved in an accident. |
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So if you drive less than the average motorist,
you should pay less for your car insurance! It’s
the most accurate way of calculating car insurance.
If you’re one of the fortunate people who don’t
travel that much or who has a low mileage vehicle
in the family, using Hollard
Pay As You Drive car insurance can save you
significant amounts of money, without compromising
the quality of your car insurance cover! Click
here to get a quote or more information
A step by step explanation of how Hollard's
Pay As You Drive works:
- Pay
As You Drive is a comprehensive car insurance
product where premiums are based on the actual
distance the insured car travels on a monthly
basis rather than an assumed “average” across
all insured vehicles. If you travel less than
the average, rightly, you should pay less than
you would for a typical car insurance product.
- Based
on the estimated monthly distance travelled in
the insured car, and allowing for that annual
holiday, you can select one of the following DrivePlans;
Drive500, Drive750, Drive1000, Drive1250, Drive1500.
The numeral indicates the monthly Kilometres insured
as part of the DrivePlan.
- Alternatively,
the DriveMax plan offers unlimited mileage, and
also acts as the maximum premium you could be
charged if you do unusually high mileage in a
particular month
- At
inception of the policy, Pay As You Drive will
credit your policy with one extra months DrivePlan
Kilometres (called Grace Period Kilometres). Over
the first two months of the policy Pay As You
Drive will monitor the distance travelled by the
insured vehicle and will advise you whether the
vehicle is on the correct DrivePlan or not. The
Grace Period Kilometres ensure that there are
no nasty surprises if you have underestimated
the insured car’s typical monthly mileage. The
Grace Period Kilometres are free and can only
be used in the first two months of the policy.
- In
order to track the Kilometres the insured car
travels, you will be required to install a Data
Collection Device in the insured car. This device
also serves as a vehicle recovery unit in the
event that the car is stolen. Pay As You Drive
has negotiated a significant discount on the Tracker
SkyTrax unit for policyholders.
-
In any particular month, if you do not use the
DrivePlan Kilometres, any unused Kilometres are
carried over to your DriveSave Account for future
use. This does not apply to the Grace Period Kilometres.
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In the first year of the policy, Pay As You Drive
adds 10% Bonus Kilometres to the insured car’s
DriveSave Account to act as a safety net for those
months when the insured car exceeds its DrivePlan
Kilometres! In subsequent years, the Bonus kilometre
allocation may vary based on driving behaviour,
claims experience and duration of the policy.
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In the event that the insured car exceeds the
DrivePlan monthly kilometre allowance, and has
used the accumulated Kilometres available in the
DriveSave Account, Pay As You Drive will bill
you at a rate-per-kilometre (DrivePlus rate) for
the excess Kilometres. The DrivePlus rate is provided
at quotation stage and with your policy document.
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Each month a statement is e-mailed to you that
details every trip the insured car did during
the previous month. This itemised trip summary
will enable you to verify your monthly trips.
The premium for any DrivePlus Kilometres will
be billed together with the DrivePlan premium
the month after you receive the statement.
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In the event that the insured car consistently
travels more or less than the DrivePlan Kilometres,
we will recommend appropriate plan changes on
the monthly statement. The options presented will
always indicate what would be best for you in
terms of price.
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At no stage will you pay more than the premium
applicable to the Pay As You Drive DriveMax plan,
even if the travel is business related.
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Pay As You Drive undertakes to keep your premiums
as predictable as possible. For this reason we
will not adjust your premiums due to claims at
any time other than on the anniversary of your
policy.
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Also included in the policy are the following
value added benefits:
a) Accidental death cover of R15 000 is paid in
the event that the policyholder dies in an accident
in the insured car.
b) Up to R10 million for third party liability
cover that pays damages, legal costs and expenses
if you become legally liable following an insured
event - i.e. an accident in which damage or injury
is caused to a third party.
c) Pay As You Drive's assistance service benefit
provides cover for accident management, roadside
assistance and medical assistance in the event
of a breakdown or an accident.
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