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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.

L-R: Rob Prager, head of insurance and risk at Drover and Sten Saar, CEO of Zego

Founded in the UK in 2016, Drover offers an all-inclusive car subscription service and has already partnered with manufacturers including BMW, Volkswagen and Toyota to date.

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.”

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

One Comment

  • Jason Daniels10. Sep, 2019

    How does this work with regards the law requiring continuous insurance is in place? How do passengers know there is cover in place when getting into the vehicle?