Ticker provides a fully connected motor insurance service for UK drivers, using a plug‑in or stick‑on telematics device to collect real‑time driving data and calculate premiums based on actual behaviour. All policy functions—including quotes, coverage changes, claims and renewal offers—are managed through a mobile app, offering transparent pricing, pay‑per‑mile options, and specialized cover for electric vehicles, vans and drivers with convictions.
Funding
$18.5M 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
Motor insurance in the UK often relies on static risk tables, leading to high premiums for certain driver groups and limited transparency about how individual driving behavior affects price. Traditional policies also require lengthy paperwork, in‑person appointments, and provide little real‑time feedback to help drivers improve safety.
Solution
Ticker offers a fully connected motor insurance platform that uses a plug‑in telematics device to collect driving data and delivers a fully comprehensive policy through a mobile app. The device installs in seconds via the OBD port (or as a stick‑on unit) and streams anonymised metrics such as speed, braking and mileage to Ticker’s cloud service. Premiums are calculated upfront with a best‑price guarantee, and at renewal the driver’s actual behaviour determines any discount, rewarding safe driving without curfews or surprise price hikes. All policy management—including quotes, changes, claims support and renewal offers—is handled in the app, providing instant access to driving feedback, mileage tracking (for pay‑per‑mile plans), and 24/7 chat support. The service is available to a wide range of driver segments, from new and older drivers to low‑mileage, van, electric‑vehicle and convicted drivers.
Target Audience
UK motorists seeking a transparent, usage‑based motor insurance solution, including new drivers, drivers over 65, low‑mileage drivers, van operators, electric‑vehicle owners, and drivers with past convictions who want affordable comprehensive cover.
Features
- Self‑install telematics device (OBD plug‑in or stick‑on) that fits through the letterbox and connects automatically to the app
- Real‑time driving analytics displayed in the app, with mileage tracking for pay‑per‑mile policies
- Fully comprehensive cover including personal injury, uninsured driver, courtesy car, and optional RAC breakdown/legal add‑ons
- Renewal pricing based on individual driving style, offering discounts for safe behaviour without mid‑year premium changes
- Mobile‑first policy management: quote, policy edits, claims reporting and chat support all within the app
- Specialized cover options for electric vehicles (battery, chargepoint, cable protection) and vans up to 3.5 t
- No‑claims discount protection add‑on and optional coverage for key loss, child seats and voluntary work