Wilov offers a pay-per-use car insurance model tailored for infrequent drivers, allowing users to save up to €500 annually by only paying for the days they drive. The platform provides a simplified, commitment-free contract with comprehensive coverage and rapid online assistance, ensuring a seamless transition from traditional insurance providers.
Funding
$3.6M 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.
Founders
Product
Problem
Traditional car insurance models often require drivers to pay a fixed premium regardless of how frequently they use their vehicles, leading to unnecessary costs for infrequent drivers. This can be particularly burdensome for individuals who primarily use alternative transportation or only drive occasionally.
Solution
Wilov offers a pay-per-use car insurance solution that allows drivers to save money by only paying for the days they actually drive. The platform provides a simplified, commitment-free contract with comprehensive coverage, including all-risk options, and rapid online assistance. Wilov streamlines the insurance process by handling the cancellation of existing policies and offering quick online quotes and sign-up.
Target Audience
Wilov targets infrequent drivers who seek a flexible and cost-effective car insurance alternative to traditional annual contracts.
Features
- Pay-per-use model: Charges are based solely on the days the vehicle is driven.
- Simplified contract: Offers a commitment-free agreement with no long-term obligations.
- Comprehensive coverage: Provides all-risk insurance options.
- Fast online assistance: Averages 8-second response times via video and 5-second response times via phone.
- Digital Onboarding: Obtain a rate in 2 minutes and subscribe in under 10 minutes.
- Policy Cancellation: Wilov handles the cancellation process with the previous insurer.