Insurtech startup closes £1.5m seed round and launches subscription-based car insurance quoting : bdaily
as informed in TechnologyInsurtech startup closes £1.5m seed round and launches subscription-based car insurancePosted by Billy Wood on 25 Jan 2017Pay as you drive insurance startup, Cuvva, has announced it is launching a new subscription insurance product which it says will benefit infrequent drivers.
Saving £500 to £1,000 a year on your car insurance is life-changing.
Following the launch of the new product, Cuvva Founder, Freddy Macnamara, said that the inspiration for the idea about when he wanted to lend a car to a friend.
Interested drivers can sign up now for the service ahead of its official launch this April.
I could order an Uber or a Deliveroo to my house, but I couldn’t buy insurance for a short period quickly.
according to Cuvva, the pay as you go car insurer, is poised to launch a brand-new category of car insurance aimed at car owners who use their cars infrequently.
Founder Freddy Macnamara came up with the idea of paying for car insurance by the hour while discussing lending his car to a friend.
Yet car insurance continues to be opaque and inflexible, costing some people a lot more than it should.
Cuvva has now sold over 130,000 hours of car insurance through its Cuvva Sharing product to drivers who want to borrow a car for as little as an hour.
Saving £500 to £1,000 a year on your car insurance is life-changing.according to
Insurtech futures: cuvva launches new car insurance product
Start-up pay-as-you-go car insurance broker Cuvva is set t
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