P2P car insurance pools claimants’ cash to reduce premiums

P2P car insurance pools claimants’ cash to reduce premiums

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Customers of typical insurance companies pay a premium that’s generally determined by the average risk attached to the behavior of people they’ve never met. A new startup from the UK — Guevara — could now help responsible drivers to cut the cost of their car insurance through peer-to-peer group payments with people they trust.