Cuvva is a car insurance company with a twist. The new startup offers car insurance by the hour, so itâs perfect for infrequent drivers or borrowing a friendâs car.
Cuvva – Smart Insurance by the Hour
With Cuvva, drivers can purchase flexible, comprehensive car insurance on an hourly basis, from a minimum of one hour up to a maximum of twenty-eight days. You donât even have to be the owner of the vehicle – you can easily borrow a friendâs car and get insured on it. Itâs fast and simple, and offers drivers that extra bit of protection when getting on the road.
Having started in 2015, the pay-as-you-go service works via a smartphone app, compatible with Apple and Android devices. It is the first UK insurer to sell insurance through an app and by the hour. Simply tap in the vehicleâs registration and snap a quick photo of the car. You can then choose the duration of the insurance period – again, anywhere from one hour to twenty-eight days – and pay via the app. Cuvva supports Apple Pay too, so itâs really as simple as clicking a few buttons. The short-term insurance policy wonât affect your friendâs own policy and is FCA regulated. So far, there have been 230,000 downloads and over 3 million hours insured.
A Variety of Insurance Options
Cuvva offer a continuous insurance scheme that claims to adapt itself to the frequency with which you drive. All policies are comprehensive. This is a cheaper option for infrequent drivers, as youâll only be paying for the periods youâre driving for. Cuvva also offer van insurance for both owned and hired vans, if youâre moving and need a bit of extra storage room. They also have policies for learner drivers, which is useful if they wonât be using the car all the time. The company can cover most cars and vans which are 15 years old (20 years for vans) or newer.
Cuvvaâs mission statement contains three core beliefs. Theyâre a startup aiming to âchallenge the broken, bloated and lazy insurance categoryâ with their pay-as-you-go system. Theyâre making it easier for drivers to get on the road with peace of mind, and using technology to advance their company. They âbelieve in the power of software, technology and dataâ – something which really shines through in their product. Additionally, theyâre constantly adapting to customer suggestions and finding new ways to improve their service – theyâre ânot afraid to change courseâ. They are very focused on providing great customer service (unlike most other insurers). All customer support is done via live chat in the app and they have a 2 minute response time between 8am – 12:30am, 7 days a week.
Itâs definitely an innovative, even brave system. Check out Cuvva here.