Durham-based FinTech disrupter Honcho has launched its van insurance reverse听auction marketplace.听
Having launched听its听car insurance marketplace at the end of August 2019, van insurance听becomes the second motor insurance product to join Honcho, bringing the start–up鈥檚 unique听reverse auction concept to millions of van drivers across the UK.听
It is available on iPhone and Android apps, and via the Honcho website,听gethoncho.com.听
鈥淭he events of 2020 have brought an even greater focus onto how critical vans听are to all of our lives and now, more than ever, van owners need a better deal,鈥� said听CEO Gavin Sewell.听
鈥�Whether they are delivering our shopping or transporting tradesmen and their tools听to keep our homes and businesses moving, vans are critical to us all.听
鈥淰an drivers all have different needs when it comes to insurance 鈥� for example,听some need cover for the tools in their van and for others, their business stops if听they鈥檙e without their van and so they choose courtesy van cover.听听
鈥�With Honcho, van听owners can choose the insurance specifics that match their individual needs, then听we broadcast that out to our marketplace of insurance providers.听
鈥淥ur van insurers get to see what each other are offering the consumer and can听sharpen their offer with ever-lower prices over 3 rounds of bidding in just 30听seconds to try to win the van owner鈥檚 business with the exact cover that they鈥檝e听asked for.听听
鈥�And without the hefty commission that old-fashioned price comparison听sites hide away, Honcho is better value for everyone.鈥�听
Honcho鈥檚 van insurance marketplace has launched with some of the sector鈥檚 leading van听insurers and brokers on their platform, including:听
- QuotelineDirect听
- Freedom Brokers
- City Insurance
- Sterling
- Nova Direct
- Van Line Direct
- Principal Insurance
- Motor Vision
- Performance Direct
- Grove & Dean
Several more van insurance providers, including听Vanarama, Van Quote Direct and Computer听Quote, will also join Honcho in the following two weeks.听
Honcho also now has 25 car insurance providers on听its听platform, offering products to cover all segments of the car driving population from brand听new drivers to those with points on their licence, with options including pay-per-mile cover听and black box devices.听