Toyota and Aioi Introduces Groundbreaking First Class Insurance Toyota Care “Pay How You Drive” (PHYD) To Create Good Driver Society and Offer More Savings
Toyota Motor Thailand Company Limited collaborates with Aioi Bangkok Insurance Public Company Limited to introduce the cutting-edge insurance product under the first class insurance: Toyota Care PHYD - Pay How You Drive. This innovative insurance scheme is available for all Toyota cars equipped with new T-Connect technology which exceptionally provides seamless connection for future mobility and fulfils all kinds of lifestyles. The joint initiative is essentially developed in an effort to promote traffic safety and contribute to the ultimate achievement of a good driver society, while also significantly reducing customers’ expenses on car insurance premium expense. The launch is officially announced on 9 June 2020.
In 2018, Toyota Motor Thailand Company Limited joined forces with Aioi Bangkok Insurance Public Company Limited to publicly launch the innovative insurance scheme under the first class insurance policy: Toyota Care PAYD - Pay As You Drive which comes with T-Connect Telematics. Considered as the first-of-its-kind to be officially approved by The Office of Insurance Commission (OIC), the insurance scheme helps reduce cost for customers who primarily use cars for short-distance driving or do not frequently drive cars.
In 2020, Toyota further develops the brand new insurance scheme under the first class insurance policy: Toyota Care PHYD - Pay How You Drive with an aim to enhance the car insurance product offerings to better serve people’s lifestyles and driving behaviors. With Toyota Care PHYD - Pay How You Drive, comprehensive data analytics will be conducted with regards to the actual mileage that the car is driven as well as the driving behaviors. After that, the data gained will be calculated and summarized as a score and driving reports for each customer along with safe driving instructions so that they can significantly improve their driving behaviors. This mechanism is operated by the innovative T-Connect technology which is widely recognized as the technology that takes people everywhere, giving them peace of mind, sheer confidence, worry-free journeys while also fulfilling all kinds of future lifestyles.
Toyota Care PHYD - Pay How You Drive
Toyota Care PHYD - Pay How You Drive is the first class insurance available for all Toyota cars equipped with T-Connect technology. The key highlight of this insurance scheme is the remarkable feature set to perform detailed analysis on the actual mileage driven and driving behaviors. The data will be thoroughly processed to produce periodical reports to customers along with safe driving instructions so that they can significantly improve their driving behaviors and minimize the risks of traffic accidents in the future. There is also a calculation system to evaluate each driver’s scores, which will be used later to determine the rate of special discounts on renewal premiums each customer will receive. This insurance scheme is applicable for both individual customers and corporate clients.
Customers of Toyota Care PHYD - Pay How You Drive will enjoy these following privileges:
1. Price Strategy:
• Innovative way of savings: “The better and less mileage you drive, the more discounts you get”
Discounts Offered by Toyota Care PHYD - Pay How You Drive
✔ For new car insurance, we offer 5% discount on actual Toyota Care premium.
(The discount rate is considered based on the fact that the car is equipped with Theft Track which helps locate the car in case that the car is stolen. This feature is aimed at mitigating the risk of vehicle theft.)
2nd- 8th Year
✔ We offer renewal premium discount.
• Benefit # 1: No claim bonus
(The bonus is considered based on customers’ zero insurance claim record. For example, if customers do not have any insurance claims, they will get 20% discount for the second year premium.)
• Benefit # 2: PHYD discount of up to 25% (On top of no claim bonus)
(The discount is calculated based on good driving behavior score + low mileage of driving)
In total, customers save as much as 4,891 THB annually.
2. Service Strategy: “Confidence, Good Quality, Peace of Mind”
• We offer “Theft Track” service which helps locate the car in the unfortunate event that the car is stolen. The system will identify the coordinates of the car through the application of T-Connect by Toyota.
• Other privileges are in accordance with Toyota Care insurance, for instance:
✔ 12-month warranty on repair work at Toyota Body and Paint Service Centers
✔ Customers can use the service at Toyota Body and Paint Service Centers if they renew the PHYD insurance
✔ 24-hour emergency roadside assistance
✔ Repair service is offered with Toyota Genuine Accessories and completed by certified auto mechanic experts
✔ Customers can get Toyota standard service which offers Toyota Genuine Accessories at Toyota Body and Paint Service Centers available in 256 locations nationwide
• Toyota Care PHYD - Pay How You Drive is applicable with Toyota cars that come with the new T-Connect technology, namely the New Hilux Revo and the New Fortuner, that are introduced in 2020 onwards.
3. Offer Comfort & Ease through T-Connect by Toyota Application
• Customers can check the details of their insurance policy, coverage period, expiry date of coverage, insurance policy number.
• Customers can track their driving score and the number of mileage driven, as well as getting safe driving advice.
• Notification alert service is provided to let customers know in advance when it is about time to renew the insurance.
4. Safe Driving Society
• Upon the completion of each trip, T-Connect will send real-time data to insurance company. The driving behavior data will be analyzed, processed and summarized into scores to be later informed to the drivers along with safe driving instructions for each specific area and period of time within 30 minutes after ended of driving trip. This feature is developed to help promote a good driver society and positively foster traffic safety which will eventually contribute to the decrease of road accidents in the Thai society.
For more information, please learn more in detail at:
• Toyota Dealers Nationwide
• T-Connect Call Center: Tel. 02-386-2000 # 3
• Aioi Bangkok Insurance Public Company Limited PHYD Information Center: Tel. 02-620-8111 (Mondays – Fridays at 8.30 - 17.00 hrs.)