Zego launches new flat rate insurance policy for fleets

Zego has launched a new flat rate insurance policy for fleet and private hire companies.

Fleets using the flat rate policy will be installed with Zego’s telematics devices from partner ABAX enabling it to capture fleet driving behaviours, which in turn allows fleet businesses to identify and better manage any risks.

In return for sharing their data, better performing fleets will be rewarded with up to 30% off their policy at renewal, says the commercial motor insurance provider.

Ines Feracci, commercial director at Zego, said: “Zego is committed to offering fleets the most cost effective, flexible and easy-to-manage insurance policies.

“Where our flagship ‘by the mile’ flexible products suit some fleets, others prefer to pay a set monthly premium - whilst still being able to access the benefits Zego’s telematics and intuitive dashboards bring.

“We are thrilled to be able to offer a choice of products to fleets all of which reward better driving performance.”

Fleet customers will also be able to manage their vehicles and claims processes through Zego’s fleet portal.

The portal offers insights into individual vehicle performance, a live 24/7 view of claims and allows businesses to add and remove vehicles and drivers instantly from the policy.

All of these features have been designed to make life easier for the UK’s fast-growing fleet market, helping courier and private hire companies onboard new workers quickly and easily, it says. 

Zego, founded in 2016, provides flexible commercial insurance products for businesses, including employed drivers and entire vehicle fleets, from car leasing companies to new mobility operators.

The company has provided more than 17 million insurance policies and covered more than 200,000 vehicles in five countries - recently becoming the UK’s first insurtech unicorn after raising $150 million in a Series C fundraise.