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PAYD

   Also found in: Wikipedia 0.01 sec.
AcronymDefinition
PAYDPay As You Drive
PAYDPay As You Dine (UK armed forces)
PAYDPennsylvania Young Democrats


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As interest in PAYD, or usage-based auto insurance grows, more states are encouraging implementation of PAYD programs.
Environmentalists see PAYD as a way to reduce vehicle miles traveled and the corresponding environmental impacts of those miles; consumer advocates favor PAYD because it can save consumers money, as these programs incorporate a variable rating factor (mileage) that individuals can influence through driving behavior; and transportation planners view PAYD as a way to address congestion and reduce the need for building new roads.
HB, Leatherhead Margaret: The PAYD scheme charged cheaper premiums to drivers who avoided driving during risky times and had satellite technology in their cars to prove it.
 
 
 
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