EVERY year, anyone who owns a car will surely have to remember to shore up enough cash to pay for their car insurance premiums. Or else, they can kiss their road tax – and the right to drive that car – goodbye for the year.
For some, the insurance itself can be a hefty sum, especially if it’s traditionally dependent on both the market value of the car and its engine capacity. So the premium you pay for owning a BMW X3 vastly contrasts the amount for, say, a Perodua Axia.
But what happens when you hardly drive at all?
You might own a car but only drive during the weekends, as you take public transport on weekdays. You might be jet-setting all over the globe for work, like a flight attendant. You might work from home, but use the car for short-distance errands. Or you are under lockdown and are discouraged from even leaving home.
Whatever the case, when you think about it, shelling out a few thousand a year for insurance on a car you hardly drive can be a financial squeeze.
But here’s another way of calculating car insurance: It’s the Pay-As-You-Drive, or PAYD, method, such as the one offered by Tune Protect Motor Easy.
Save more with rebates on your premium
The whole idea for PAYD insurance is that it reflects the ‘market principle’, which states that the sum consumers pay should be based on the costs of providing a good or service that is of equivalent value.
In other words, you shouldn’t have to pay for a service if you didn’t use it that much.
In fact, with Tune Protect Motor Easy, you can get refunded as high as 20% on your insurance premium based on your annual driving mileage.
Plus when you sign up via online, you’ll get an additional 10% discount.
When you sign up, you can use the Tune Protect app, which you can download from Google Play or Apple Store.
Submit your odometer reading, spread out three separate times in a one-year policy period through the app and when that policy expires, you’ll get your refund in your bank, with no obligation to renew.
However when you exceed the mileage tiers, you will not be entitled for your refund but there will be no impact on your policy coverage as that continues as usual. Also making a claim will not affect your entitlement for your refund.
This free benefit is great for those who drive less due to movement restrictions, or work from home, own more than one car, fly overseas often or simply want to enjoy lower car insurance premiums.
Still the same level of protection all-round
That said, Tune Protect Motor Easy still offers the umbrella protection of traditional car coverage:
● 24-hour emergency services via its toll-free 1-800 228 863 line
● Comprehensive coverage that bundles in accidents, theft, fire and third-party liabilities for death or bodily injuries and loss, or damage of property
● Over 300 panel workshops nationwide for faster repairs and claims processing
● Free towing up to 200km
Other options include:
● Windscreen coverage against damages
● Special perils coverage for acts of nature, such as floods, landslides and more
● Daily cash allowances when your car is undergoing repairs
● Spray paint coverage if your car needs a new coat of paint after the accident
● Passenger legal liabilities for the cost of legal liabilities or compensation to passengers
Get an exclusive 10% discount when purchasing Tune Protect Motor Easy online. For full coverage details, click here.