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.
It added that according to Department for Transport and Driver and Vehicle Licensing Agency figures, there are around six million cars in the UK that are driven very infrequently.
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