Guevara Lets Groups Share Insurance in Order to Keep Claims Low
Laura McQuarrie — March 11, 2016 — Autos
References: heyguevara
The sharing economy concept is making room for people to share houses, meals, rides and with a service like Guevara, drivers can even share insurance.
Guevara is based in the UK and describes itself as a "people-to-people car insurance" solution. With this type of insurance, users are initially assigned a Base Price, which is determined on standard insurance information, including factors like age, location, car and driving experience. From there, users are able to join a group in order to use their collective resources and keep claims low. In this way, groups can save up to 50% by working together.
P2P insurance services like these are becoming popular among those who value the cost savings and practicality of shared ownership.
Guevara is based in the UK and describes itself as a "people-to-people car insurance" solution. With this type of insurance, users are initially assigned a Base Price, which is determined on standard insurance information, including factors like age, location, car and driving experience. From there, users are able to join a group in order to use their collective resources and keep claims low. In this way, groups can save up to 50% by working together.
P2P insurance services like these are becoming popular among those who value the cost savings and practicality of shared ownership.
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