Car subscription service Drover signs up Zego for pay-per-minute insurance
European car subscription service Drover has teamed up with insurtech Zego to insure its private hire vehicle subscriber base.
Under the new partnership, Zego’s flexible insurance policy has been integrated with the Drover sign-up process so that private hire drivers are automatically insured when taking out a subscription on a vehicle.
The flexible pay-per-minute deal means vehicles are only insured for the exact time that they are on the road, with vehicles added and removed automatically through API integration, saving both time and money on admin when compared to traditional insurance products. Zego is also able to generate quotes in real time, speeding up the sign-up process.
Sten Saar, CEO and co-founder of Zego, said: “We’re seeing a major shift from ownership to usership in the world of transport and Drover has taken advantage of this movement to create a unique business model, which has huge potential to change the way that we use cars. Like us, Drover’s offering is built on flexibility. This is why we work so well together and why we’re hoping to collaborate further as Drover expands to new territories.”