What is PAYD?
PAYD is a new type of motor insurance policy based on telematics insurance and we are the first insurance company in Jamaica to provide clients with the opportunity to benefit directly from their good driving behaviour.
That means you end up paying for your insurance based on how you drive & how much you drive, instead of traditional factors. Plus, you’ll get an automatic refund just for participating, along with all the great security benefits of Guardsman’s tracking device and the accompanying mobile app:
That means you end up paying for your insurance based on how you drive & how much you drive, instead of traditional factors. Plus, you’ll get an automatic refund just for participating, along with all the great security benefits of Guardsman’s tracking device and the accompanying mobile app:
Real-time driving feedback & alerts
Detailed log of all your trips
Live tracking of your vehicle
Remote vehicle immobilization for security
Intelligent insights about your driving patterns
Geofencing for security
Once the device is installed, we monitor your driving patterns and provide you with a monthly
driving score so you can monitor as well. The better you drive, the more you get PAYD!
How It Works
1.
We install the Guardsman Telematics Device (at our cost)
Guardsman will come to you & the installation only takes about an hour. Once the device is installed, you can download the Guardsman App and connect to your vehicle to utilize all the great, free features.
2.
We monitor the following key driving habits
Total Driving Distance
Increase your savings by
driving less
Sudden Acceleration
Go easy on the gas and go
easy on your pocket
Harsh Braking
Avoid slamming on
your brakes
Late Night Driving
Limit trips between 12am & 4am,
as the roads can be more dangerous
and accidents more likely
Excessive Speeding
Nothing wrong with the occasional
overtake, but be mindful of your total
time speant above the speed limit
3.
You get your Driver's Score based on the measures above
and you get refunded based on your score at the end of the year
95% and over
= a 25% refund
80 - 94%
= a 10% refund
