Ultra-flexible leasing company SOGO has signed up Zego to insure its rapidly growing fleet of cars and vans.
Zego will provide flexible, usage-based insurance to SOGO’s fleet, which is expected to reach over 20,000 vehicles by the end of 2025.
Under the partnership, SOGO will offer pay-by-the-mile insurance to its customers as part of their monthly leasing subscription, ensuring drivers don’t need to think about cover themselves while eliminating the danger of them driving without cover.
The usage-based policy, brokered through McCarron Coates, will keep costs down for SOGO, making use of its own telematics technology and allowing both companies to benefit from the shared use of data.
Sten Saar, CEO and co-founder of Zego, said: “Like us, SOGO’s offering is built on flexibility, and it is these shared values that make this a great partnership.
“We are seeing a major shift from ownership to usership in the world of transport, for both personal and commercial use, and SOGO’s unique business model, coupled with our usage-based insurance, has huge potential to change the way that both people and businesses lease vehicles.”
Karl Howkins, managing director of SOGO, continued: “Our new partnership with Zego and McCarron Coates gives our customers unrivalled flexibility for their mobility needs. With one simple cost, businesses can simply budget and adapt their fleet to their needs in a rapidly changing economy.”
