Japan
Aioi – Operating since 2005, Aioi’s version of Pay As You Drive was developed in
partnership with Toyota, using Toyota’s G-Book terminals. G-Book is more than just
a GPS device. It also has an internet connection and phone connection in one device.
United States of America
MyRate (Progressive) – When this product launches later in 2008, MyRate customers
will install a small wireless device in their cars which will track much more than
when and where the car is driven. The device will measure the car’s speed at all
times, allowing Progressive to determine the car’s acceleration and braking patterns.
It’s not just where and when you drive, but also how that matters with MyRate.
South Africa
Pay As You Drive (Hollard Insurance) – Hollard’s first PAYD product has been saving
South Africans money for nearly two years. There the premium is composed of a fixed
monthly fee based on individual risk profiles and a monthly fee based on km’s driven.
Distance is tracked by a GPS device. The GPS device also doubles as a stolen vehicle
recovery device.
France
Aviva - The same company that has been operating Pay As You Drive in UK for the
past year, Aviva, announced plans to launch a similar product in France later in
2008. PAYD France will most likely work like its UK counterpart, by tracking individual
drivers’ movements via a GPS device installed in the car.
United Kingdom
Coverbox (Wunelli Limited) - UK’s version of PAYD is designed to use a GPS device
which collects driving information such as when, where and how you drive. The premium
is calculated based on that data. The product, launched in January 2009, offers
cover from multiple insurers.
Green Wheels (MORE TH>N) – Another UK player doesn’t price per kilometre but instead
uses a monitoring device to make customers aware of how much and how they drive
and what carbon footprint they are leaving behind as a result. The aim of this product
is for users to adapt their driving techniques to reduce their carbon emissions.
Spain
Pago Por Uso (MAPFRE) – Spain’s “Pay Per Use” insurance is geared towards young
drivers. It relies on data from a device which measures kilometers driven, type
of roads used, average length of the trips, time of the day, regions in Spain where
the car has been driven, average speed, and percentage of night hours.
Netherlands
Polis Direct – Under this program, cars undergo an annual inspection at which point
odometer data is verified. Users pay 90% of their premium up front and then after
inspection they either get a refund if they didn’t drive a lot or must pay extra
if they went over the maximum number of km’s allowed under their policy. This is
the same model as in Belgium.
Belgium
Under this program, cars undergo an annual inspection at which point odometer data
is verified. Users pay 90% of their premium up front and then after inspection they
either get a refund if they didn’t drive a lot or must pay extra if they went over
the maximum number of km’s allowed under their policy. This is the same model as
in the Netherlands.
Germany
WGV – The German insurer uses a GPS device to correlate location and speed of the
insured vehicle. If the data shows that speed limits were exceeded by the driver,
the user collects “negative” points that will affect the end insurance premium.
Israel
Aryeh – In the Israeli model, mileage data is collected monthly via small wireless
device installed in the vehicle. Each time the driver goes to fill up their petrol,
receivers installed at petrol stations collect the data from the vehicle.
Canada
iPAID (Aviva) – In Canada it’s not exactly pay by kilometre, but fits in the PAYD
category because there is a correlation between distance driven and insurance premiums.
Cars are fitted with a device that measures trip start and end time, miles driven,
duration of trip, and number of sudden starts and stops. Users have access to their
data on their computers and can choose to share this data with the insurance company
in exchange for a discount.
Italy
SaraFreeKm (SARA) – Italy’s PAYD uses a GPS device which relies on satellite data
to calculate the exact kilometres driven.
Austria
SafeLine (Uniqua) – In addition to the standard GPS device model, the device used
for SafeLine comes with crash detection technology. As soon as the device detects
there has been an accident, it alerts the Austrian motoring organisation OAMTC so
that help can be dispatched.
Australia
Pay As You Drive (Real Insurance) - Pay As You Drive in Australia is a bit different
than in other countries. The product does not depend on a GPS device, but rather
on customers reporting their odometer reading and pre-paying for kilometres. Customers
supply their starting odometer reading and at time of claim (or when requested),
the odometer reading is verified to ensure the customers are within their purchased
kilometre range.