Urban Jungle offers car insurance for first time

Urban Jungle is broadening its range of products with a move into car insurance.

The insurtech now offers contents and car insurance, with the new product billed as providing “competitive value” to customers, as well as affordable cover for additional people in the home, including housemates, partners, childminders or carers.

Urban Jungle said the new policy can be customised so drivers will only ever pay for the cover they need and will not be charged for unnecessary add-ons. They can also pay for a monthly subscription if they choose, with no hidden fees if they need to cancel.

The launch of Urban Jungle’s car insurance product comes three years after the insurtech released its flagship contents insurance policy for renters. This was followed last year with buildings and contents insurance for homeowners aimed at first-time buyers, which now accounts for half of all the insurtech’s customer base.

Commenting on the launch, Jimmy Williams, chief executive officer and co-founder of Urban Jungle, said: “We’ve always built Urban Jungle with a view to helping our customers get better cover across a range of insurance products, and it’s fantastic to be continuing our product roll out, after our hugely successful homeowners launch last year, and a nice bonus to get there ahead of our peers. Our insurance is designed to be simple, clear and fair which is certainly the case for our new car insurance product.”

“Whereas larger insurers may have seen a much publicised slow down since the price walking ban introduced in January, we’re growing really quickly since launching our renter’s insurance in 2019 and alongside our recent funding, we want to continue this growth so that we can offer more people fair insurance in new markets.”

“It’s part of our Urban Jungle vision of a world where everybody feels confident about their financial future, starting with insurance.”

Founded by Jimmy Williams and former Google developer Greg Smyth in 2016, the company has experienced a rapid rate of growth and raised more than £16 million through series A funding this year.

Having more than doubled in size during the pandemic, the now 50-strong company claims to have served more than 100,000 customers.

Image: Urban Jungle

Mark Dugdale