Press Release | February 27, 2024
Sunshine State riders can now enroll in Voom Insurance, the only pay-per-mile Motorcycle insurance provider, which has the potential of saving of up to 60% in comparison to traditional motorcycle insurance.
This is a press release from Voom…
Palo Alto, CA (20th February, 2024) – Voom Insurance, the only pay-per-mile Motorcycle insurance provider is proud to begin offering its innovative product in the state of Florida, marking a significant milestone in making usage-based insurance accessible to more than 60% of motorcyclists across the United States.
Motorcyclists in Florida can now benefit from Voom’s Pay-Per-Mile Insurance, enjoying savings up to 60% compared to traditional insurance plans. In an age of inflation, Voom aims to help low-mileage riders keep more money in their pockets, while controlling their expenses on Insurance. This move underscores Voom’s dedication to empowering riders with control over their insurance costs, offering a fair and transparent pricing model that reflects actual mileage in comparison to the traditional fixed-rate coverages that are not tailored to individual needs.
According to a recent survey conducted by Voom, of which hundreds of motorcycle riders were polled, 70% of the bike owners ride 2000 miles a year or less. These riders are actually ‘overpaying’ to cover the risk of a few other lucky riders that do ride a lot. Instead of paying high insurance rates, even when the motorcycle sits in the garage for weeks or months at a time.
Tomer Kashi the CEO & CO-Founder of voom said: “Launching our Pay-Per-Mile Motorcycle Insurance in Florida is a significant milestone for us. It signifies a vital step towards expanding Voom nationwide to facilitate savings for an increasing number of riders, and we are only at the beginning”, as stated by Tomer Kashi.
Ori Blumenthal, CTO and Co-Founder of Voom, highlighted the innovative approach of Voom’s insurance offerings, “Our technology-driven solutions, which require no invasive tracking or hardware, are designed with the rider’s freedom and privacy in mind. By simply submitting a photo of their odometer, riders can now easily manage their insurance costs, making Voom the go-to choice for those seeking flexibility and savings.”
The Pay Per Mile Motorcycle insurance is currently available in 20 states: Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Maryland, Minnesota, Missouri, New Jersey, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas and Wisconsin.
Visit voominsurance.com to learn more.
About Voom
Voom is an InsurTech pioneer, crafting cutting-edge, usage-based insurance solutions for the future of mobility. Our expertise lies in various mobility segments across all categories, from drones and light aircraft to motorcycles, e-bikes, rideshare, delivery, and modern fleets. Using technology we empower customers in “underserved” niches with better and fairer insurance solutions.
Among Voom products are SkyWatch – the leading digital drone insurance product in North America, Voom & RIDE – the world’s first pay-per-mile motorcycle insurance product, and Voom & Drive – auto insurance tailored to the unique needs of rideshare drivers.
Voom is a licensed insurance broker in all 50 US states. Motorcycle insurance policies are underwritten by Markel Corporation. to learn more about Voom or to get a quote, visit voominsurance.com.
