Paydrive AB
Paydrive
Paydrive is a motor casco insurance for the Sweden market with online purchase and 24/7 assistance.
Direct payment
Dina Försäkring AB/Paydrive decides whether a damaged vehicle is repaired, replaced with an equivalent vehicle, or settled in cash, and chooses the repairer and parts supplier. For vehicles bought on instalment/credit or leased, the insurer may pay compensation directly to the seller or lessor up to their outstanding claim.
Geographic scope
Countries covered by the Green Card Agreement
Cover applies in the countries covered by the Green Card Agreement and during transport between them. Trafikförsäkring (MTPL) applies worldwide under the Traffic Damage Act for damage caused by a Swedish-registered vehicle to a Swedish citizen or resident. Cover does not apply on race tracks (e.g. Nürburgring, Anderstorp, Mantorp) and non-MTPL cover lapses if the vehicle has been abroad continuously for more than 182 days.
Unique selling points
- Fully mileage-based pricing (a fixed daily part plus a per-mile part based on measured driving data), with Paydrive citing the most experience with mileage-based insurance in the Nordics since 2016.
- Markets among the highest compensation levels in the Swedish market for Allrisk (up to 70,000 SEK) and Rättsskydd (up to 400,000 SEK).
- No deductible on theft of the whole vehicle when the Bilbox tracking device is properly connected, aiding recovery.
- Free real-time individual CO2 footprint tracking based on actual driving, updated daily at no extra cost.
- Extra EV/hybrid machinery protection (battery, charger, high-voltage system) included automatically wherever Maskinskada is covered, at no extra premium.
Coverage limits
Own damage (vehicle damage / vagnskada)
Covered
Only in Helförsäkring, Stor Helförsäkring
Covers damage to the insured vehicle caused by a traffic accident, other external accidental event (e.g. collision, ditch driving, falling object), or intentional vandalism by a third party. Included only in Helförsäkring and Stor Helförsäkring (not Halvförsäkring or Trafikförsäkring). Base deductible is 4,000 SEK. Settlement is by repair, replacement with an equivalent vehicle, or cash based on the vehicle's market value immediately before the damage, at the insurer's discretion.
Total loss settlement
Covered
Only in Helförsäkring, Stor Helförsäkring
If repair is not deemed cost-effective, settlement is based on the vehicle's market value immediately before the loss. A new-value replacement rule applies for vehicles under 1 year old, owned since first registration, driven fewer than 20,000 km, where the estimated repair cost exceeds 50% of the vehicle's market value (incl. VAT); in that case the vehicle is replaced with a new one of the same type and model year.
Partial damage repair
Covered
Only in Helförsäkring, Stor Helförsäkring
Partial damage under vagnskada, brand, glas, maskin, stöld or allrisk cover is repaired using a used equivalent replacement part where available, by a repairer designated/approved by Paydrive. The applicable deductible depends on the damage type (e.g. 4,000 SEK for vagnskada, 1,500 SEK for glass/theft/fire, 0 SEK for glass repair instead of replacement).
Theft and attempted theft
Covered
Only in Halvförsäkring, Helförsäkring, Stor Halvförsäkring, Stor Helförsäkring
Covers theft, attempted theft and unauthorized taking of the vehicle (tillgrepp), included in Halvförsäkring and Helförsäkring alike. No deductible applies if the whole vehicle is stolen while the Bilbox tracking device is properly connected; otherwise base deductible is 1,500 SEK. Sub-limits: non-factory-fitted stereo/electronics up to 45,000 SEK; wheels not supplied by an authorized dealer up to 55,000 SEK.
Glass damage
Covered
Only in Halvförsäkring, Helförsäkring, Stor Halvförsäkring, Stor Helförsäkring
Covers damage where the windscreen, side or rear window is cracked, broken through, or shattered (e.g. stone chip). Deductible is 1,500 SEK, reduced to 0 SEK if the damage is repaired rather than the glass replaced. Excludes glass broken during a collision, rollover, or off-road driving (vagnskada), or through vandalism.
Natural perils / weather-related damage
Covered
Only in Halvförsäkring, Helförsäkring, Stor Halvförsäkring, Stor Helförsäkring
There is no dedicated 'natural perils' module; weather- and nature-related events are covered via Vagnskada (other external accidental events, e.g. falling objects) and Brand (fire caused by lightning strike). Damage caused by rust, corrosion, cold or damp/moisture is explicitly excluded from both Vagnskada and Maskinskada.
Vandalism (malicious damage by a third party)
SEK 6,000
Only in Helförsäkring (tillägg), Stor Helförsäkring (ingår)
Intentional damage by a third party is covered without a specific cap under the Vagnskada module (own_damage), subject to the standard 4,000 SEK deductible. A separate 'Skadegörelse' benefit reimburses the deductible paid on a vandalism claim settled via Vagnskada/vagnskadegaranti, up to 6,000 SEK if repair cost exceeds 1,000 SEK; this benefit is automatically included in Stor Helförsäkring/Stor Halvförsäkring but is a paid optional add-on for standard Helförsäkring/Halvförsäkring.
Roadside assistance
Conditional
Only in Helförsäkring (tillägg), Stor Helförsäkring (ingår)
Räddningsförsäkring (towing to a workshop or home in Sweden, plus travel costs home) is included in all Halv- and Helförsäkring forms without deductible. The broader Assistans service (on-site repair, tyre change, fuel delivery, lock-out help, plus 3 days' rental car if repair exceeds 12 hours) is included automatically in Stor Helförsäkring/Stor Halvförsäkring, but is a paid optional add-on for standard Helförsäkring/Halvförsäkring (separately or as part of the 99 SEK/month Pluspaket). Usable once per insurance period, for vehicles under 17 years old, without deductible.
Replacement/rental vehicle
Conditional
Only in Helförsäkring (tillägg), Stor Helförsäkring (ingår)
Covers rental car costs when the insured vehicle cannot be used due to an insured fire, glass, theft, allrisk, vagnskada or maskinskada claim. Reimbursement is 75% of the daily and mileage cost of a comparable rental car, or a flat 150 SEK/day, for up to 80 days (14 days if the vehicle is not repaired). Included automatically in Stor Helförsäkring/Stor Halvförsäkring; a paid optional add-on for standard Helförsäkring/Halvförsäkring.
Accident cover for driver/passengers (Trafikolycksfall)
SEK 600,000
Only in Helförsäkring (tillägg), Stor Helförsäkring (ingår)
Pays compensation for medical invalidity or death of the driver/passengers from a traffic accident with the insured vehicle, with no deductible. Maximum compensation for 100% medical invalidity is 600,000 SEK (reduced by 2.5 percentage points per year of age above 45 at the time of the accident); a separate flat death benefit of 50,000 SEK applies if death occurs within two years of the accident. Included automatically in Stor Helförsäkring/Stor Halvförsäkring; a paid optional add-on for standard Helförsäkring/Halvförsäkring.
Key conditions
Driver age and experience limit
The insurance does not cover damage occurring while the vehicle was driven by a driver under 24 years old or a driver holding a probationary licence, unless the policyholder declared at inception that such a driver would be driving the car. The compulsory Trafikförsäkring (MTPL) always applies regardless of this restriction.
Repair network requirements
Dina Försäkring AB decides whether the vehicle is repaired, replaced with an equivalent vehicle, or settled in cash, and has the right to choose the repairer and the source of replacement parts; towing/recovery must go to a workshop designated by Paydrive.
Territorial scope
Cover applies in the countries covered by the Green Card Agreement and during transport between them. Trafikförsäkring (MTPL) applies worldwide under the Traffic Damage Act for damage caused by a Swedish-registered vehicle to a Swedish citizen or resident. Cover does not apply on race tracks and non-MTPL cover lapses if the vehicle has been abroad continuously for more than 182 days.
Anti-theft requirements
The vehicle must be locked with an approved anti-theft device whenever left unattended; keys must be stored securely, not in or immediately next to the vehicle; removed parts/accessories must be locked in a space accessible only to the policyholder. Non-compliance reduces compensation by 6,500 SEK if the device was not activated, 10% of the loss (min. 6,500 SEK) if the key was not stored carefully, or 50% of the loss for accessory theft from an unlocked vehicle or improperly stored removed parts.
Claim notification deadline
Claims must be reported to Paydrive without delay. Theft, vandalism and collisions with wild animals must also be reported to the police; a police report must be attached to the claim for wild-animal-collision and stolen/lost-key claims to be paid.
Deductible rules
Base deductibles (unless otherwise stated on the policy schedule): traffic damage 1,000 SEK; theft/rescue/fire/allrisk 1,500 SEK; glass damage 1,500 SEK (0 SEK if repaired rather than replaced); machinery damage 1,500 SEK for vehicles 0-2 years old, 4,000 SEK for 2-10 years; legal protection 25% of cost (min. 1,500 SEK); crisis therapy no deductible; vehicle damage (vagnskada) 4,000 SEK. Special deductibles: a traffic-crime deductible of 10% of the price base amount applies if the driver lacked a valid licence, was intoxicated, or caused the damage intentionally/through gross negligence; double deductible for machinery damage on directly (parallel) imported vehicles.
Where to buy
Documents
Insurance terms and conditions - car insurance (effective 13 Feb 2025)
Terms & conditions
Pre- and post-purchase information (IPID-equivalent), 29 June 2023
IPID
Purchase terms (Köpvillkor), effective 8 March 2023
Other document
Terms and conditions repository page
Other document
Full insurance (Helförsäkring) product page
Other document
Policy specifics
All-risk coverage
Always included in Paydrive full insurance (comprehensive coverage), covering sudden and unforeseen events in the vehicle and cargo area
SourceVehicle damage (vagnskadeförsäkring)
Compensation for damage to own vehicle from traffic accident or intentional vandalism - included only in full insurance
SourceUsage-based pricing (milbaserad försäkring)
Premium divided into fixed part (parked vehicle risk) and variable part (per mile driven), unique to Paydrive
SourceTelematics device (bilbox/tag)
Required to collect driving data for personalized pricing; either device-based or direct connection from connected vehicles
SourcePlus Package (optional add-on)
Optional monthly add-on (99 SEK) including assistance, self-deductible reduction, animal collision, vandalism, parking damage, rental car (3-60 days), traffic accident
SourceExtra EV/hybrid machinery protection
For fully electric, plug-in hybrid and hybrid vehicles, the standard Maskinskada module also covers unique EV/hybrid components (high-voltage battery excl. leased batteries, onboard charger, high-voltage cabling, cooling system, voltage converters, energy recovery system, owner-owned charging box/post), for vehicles driven up to 200,000 km, at no extra premium.
SourceDouble deductible (disconnected device)
If telematics device is disconnected or data sharing approval is withdrawn, insurance operates with double deductible
SourceCrime deductible (brottssjälvrisk)
Traffic insurance applies with special crime deductible of 10% of price base amount if driver lacked valid license, was DUI, caused damage intentionally, or showed gross negligence
SourceYouth deductible (ungdomssjälvrisk)
Additional 1,000 SEK deductible if driver was under 24 years old when damage occurred (in addition to standard deductible)
SourceThree-month renewal cycle
Insurance automatically renews every 3 months; pricing locked during period; new policy letter issued 14 days before renewal with updated pricing based on driving data
SourceNo binding period or notice period
Can cancel insurance at any time without providing reason; must be cancelled by policyholder
SourceDirect settlement by underwriter
For financed or leased vehicles, insurer (Dina Försäkring AB) retains right to pay compensation directly to seller/lessor up to their remaining claims; can decide repair method and vendor
SourceYoung/probationary driver exclusion
The insurance does not apply to a claim caused while a driver under 24 or a driver with a probationary licence was driving, unless declared at policy inception that such a driver would drive the car; the compulsory Trafikförsäkring is unaffected by this exclusion.
Source