Sigo utilizes data analytics and automation to offer affordable auto insurance policies tailored for the Latino market, regardless of licensing status or credit history. By providing a fully digital platform in Spanish, Sigo simplifies the insurance process, making it accessible and efficient for over 70,000 insured drivers.
Funding
$22.6M 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.
VCFounders
Product
Problem
Many Latino drivers face challenges in obtaining affordable auto insurance due to factors like limited credit history, lack of a U.S. license, or language barriers. Traditional insurance models often rely on biased rating factors that disproportionately affect minority communities, resulting in higher premiums or denial of coverage.
Solution
Sigo Seguros offers a data-driven, fully digital auto insurance platform designed to provide fair and transparent pricing to the Latino community. By leveraging data analytics and automation, Sigo eliminates biased rating factors and provides affordable policies tailored to individual needs, regardless of licensing status or credit score. The mobile-first platform, available in Spanish, simplifies the insurance process from quote to claim, ensuring accessibility and ease of use. Sigo's approach allows customers to quickly obtain coverage, manage their policies, and access support, all from their smartphones.
Target Audience
Sigo Seguros primarily targets Spanish-speaking drivers and the broader Latino community seeking affordable and accessible auto insurance, including those with non-standard driver credentials or limited credit history.
Features
- Online quote and policy purchase, accessible 24/7
- Mobile app for policy management, payments, and claims processing
- Bilingual (Spanish and English) customer support
- Acceptance of various forms of identification, including U.S. and foreign licenses
- No credit score verification for determining insurance rates
- Transparent pricing with no hidden fees
- Digital policy documents and insurance cards available instantly