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Cuvva, grabs £1.5Mn and launches new product

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Cuvva, a pay-as-you-drive car insurance platform, grabs £1.5Mn and launches new product

Cuvva, a pay-as-you-drive car insurance platform, grabs £1.5Mn and launches new product

– 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.As of now, low-mileage drivers have to pay substantial premiums through which they effectively subsidize high mileage drivers.Cuvva is launching a groundbreaking way of buying car insurance that will revolutionize the sector and could save drivers up to 70 percent of the cost of an annual premium – potentially saving drivers between £500 and £1500 a year.
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Insurtech futures: cuvva launches new car insurance product

Insurtech futures: cuvva launches new car insurance product

– Product aimed at infrequent drivers.Start-up pay-as-you-go car insurance broker Cuvva is set to launch a new category of insurance aimed at car owners who use their cars infrequently.The challenger broker said that this new way of buying insurance will “revolutionise the sector” and could save customers up to 70% of the cost of an annual premium.
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Nearly 19 mln Americans live where car insurance is unaffordable-study

Nearly 19 mln Americans live where car insurance is unaffordable-study

– Jan 23 Nearly 19 million Americans live in areas where auto insurance is unaffordable including a large number in the New York region, according to a first-of-its kind study by the U.S. Treasury Department.The study, conducted by the department’s Federal Insurance Office (FIO), found that car insurance is generally unaffordable in 845 U.S. areas, as defined by postal codes, that are typically home to minorities and people with low-to-moderate incomes.More than 40 percent of Americans living in areas with unaffordable insurance reside in New York, New Jersey and Connecticut.
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