Bringing Car Insurance Into the 21st Century - PAYD

The 'Pay-As-You-Go' mobile phone generation is now being offered a "Pay As You Go Car Insurance" scheme by the UK-based eCar Insurance.

eCar Pay As You Go Insurance

Pay As You Go Car Insurance from eCar Insurance

• Low cost short term Pay As You Go Insurance
• Get a quote online instantly and be fully covered in minutes
• Cover up to 4 drivers on 4 different cars at excellent rates
• Earn 1 year's No Claims Discount for only 8 months' claim free cover

Although it is being argued by some that there should be a limit to how much premiums should be individually tailored (thereby undermining one of the basic principles of insurance: pooled risk) the initial results of the 'Pay-As-You-Go' car insurance model look positive for infrequent drivers in the younger age-group.

Some other car insurance companies have warned that mileage represents only a small element of what constitutes premiums - but initial results show that motorists who don't use their car very often could save a significant amount of money on their insurance policies.