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Has your commute time drastically reduced due to working from home? Or are you someone who owns 2 cars - one for regular travel and the other for special occasions?

Car insurance is usually given without considering the distance that will be covered by the car. So the insurance will cost the same regardless of whether you travel 5,000 km or 50,000 km.

But there is an option called Pay As You Drive Car Insurance - which gives you discounts based on the distance slab you choose.

The slabs are:
Below 3,000 kms
3,000 to 5,000 kms
More than 5,000 kms

You can get upto 40% discount on your insurance if you choose the lowest distance option.

This is ideal for someone who use cars only when there is no other option like Uber or public transportation. Or someone who owns 2-3 cars and doesn't all of them equally.

Currently I've seen ICICI provide this under an experimental program that was supposed to end last year but was extended due to COVID.

➡️ Let me know if you've purchased this sort of a car insurance.

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