Justos provides monthly auto insurance focused on usage-based rewards and digital transparency for policyholders. Customers earn discounts on their monthly premium by demonstrating safe driving habits tracked through telematics. The platform offers full coverage options across Brazil, allowing users to manage policies and track claims status directly via a mobile application.
Funding
$44.1M 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.
Founders
Product
Problem
Traditional auto insurance often lacks transparency, making it difficult for users to understand their coverage and how premiums are calculated. Many drivers feel that their good driving habits are not adequately recognized or rewarded, leading to a sense of unfairness.
Solution
Justos offers a modern, monthly auto insurance platform that leverages user driving behavior data to determine premiums, rewarding safe driving with discounts. By monitoring driving habits through a mobile app, Justos provides personalized insurance rates that reflect actual driving behavior rather than relying solely on traditional demographic factors. This approach allows users to actively lower their monthly payments by demonstrating responsible driving, fostering a more transparent and equitable insurance experience. The platform also provides users with the ability to easily manage their coverage and track the status of claims through the app.
Target Audience
Justos primarily targets drivers in Brazil who are seeking a more transparent, flexible, and rewarding auto insurance experience, particularly those who consider themselves safe drivers and are comfortable using a mobile app to manage their insurance.
Features
- Monthly auto insurance plans with customizable coverage options.
- Mobile app monitors driving behavior, including speed, braking, acceleration, and phone usage.
- Up to 30% discount on monthly premiums based on safe driving scores.
- Rewards program offering vouchers for gas, car maintenance, iFood, and Uber.
- Real-time tracking of roadside assistance via the app, similar to delivery tracking.
- Transparent claims process with status updates available in the app.
- Ability to initiate claims by sending audio messages through the app.
- 24/7 customer support.