Imagine being able to simply set up car insurance for an hour, a day, a week or any time frame you wish? Well Cuvva has made this possible! The UK startup launched because of the poor experiences people had dealing with insurance companies. Often dealing with standard insurance companies can be slow, complicated and they can only be interested in their own agenda. Cuvva puts a stop to this with their pay based on the hours you drive insurance service, designed for infrequent drivers.
When Freddy Macnamara and James Billingham founded Cuvva they were no insurance specialists, however they did know a lot about tech and believed they could build a much smarter and pleasant experience for customers.
Cuvva is as simple as entering your registration number and approximate value of your car along with a photo and the time you wish to be covered for and from here the app will send you an instant quote. Additionally Cuvva also integrates with Facebook so users can see which of their friends have cars to lend.
The innovative insurance app has several options for its customers, one being a flexible subscription insurance that adjusts your premium to how much you drive. There is also a short-term insurance option, which allows you to drive any car by the hour. The app also coves Taxi insurance which allows the top up to hire and rewards cover only when you need it and avoiding paying high private hire insurance costs when you’re not working.
Cuvva is dedicated to continuously creating a better experience for its customers and with the £1.5 million seed round it recently received by LocalGlobe it can continue working to do so.
The concept of Cuvva and the software components associated to creating such an innovative app is considered to be Research and Development (R&D). The company is therefore eligible for a significant rebate on its R&D expenditure. The available tax relief on R&D activities is very generous and should be utilised, to find out more contact a Swanson Reed R&D specialist today.