Clupp is an insurtech company that provides a pay-per-kilometer vehicle insurance model, rewarding low-mileage and safe drivers with lower premiums. Their platform utilizes a mobile app to track odometer readings, ensuring customers only pay for the coverage they need while offering comprehensive protection against theft, accidents, and third-party damages.
Funding
$1.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PSFounders
Product
Problem
Traditional auto insurance models often rely on broad demographic data like age and gender to determine premiums, potentially overcharging low-mileage or safe drivers. This can lead to unfair pricing and a lack of incentives for responsible driving habits.
Solution
Clupp offers a pay-per-kilometer insurance model that rewards low-mileage and safe driving with lower premiums. Using a mobile app, Clupp tracks odometer readings to ensure customers only pay for the coverage they need. The platform provides comprehensive coverage against theft, accidents, and damages to third parties. Clupp also incentivizes good driving habits by offering rewards and discounts based on driving behavior.
Target Audience
Clupp targets individuals who drive infrequently or demonstrate safe driving habits, including those who use their vehicles a few times a week or primarily on weekends.
Features
- Odometer tracking via mobile app to verify mileage
- Flexible insurance plans based on monthly kilometer usage, with options for reduced, normal, and intensive mobility
- Comprehensive coverage, including vehicle theft and damage, medical expenses for occupants, and third-party liability
- Optional coverage for cell phone theft
- Rewards and discounts for safe driving habits
- Digital-first experience with online quotes and policy management
- No long-term contracts, allowing cancellation without penalties
- Coverage available for cars, motorcycles, bicycles, e-bikes, and scooters