Popular online banking app Revolut is taking one step further into the financial services world, announcing that it will now be offering car insurance.
Beginning on Wednesday, the waitlist for Revolut Car Insurance is being rolled out to customers in Ireland, with a full launch this spring.
The company said that eligible customers will be able to fully apply for car insurance via the Revlout app and in total will take less than five minutes to complete.
READ MORE: Revolut launches 'Ultra' membership level with access to luxury lounges at airports
According to the financial technology company, Revolut will be offering premiums of up to 30 per cent cheaper than the next best provider in the market as well as offering eligible customers additional discounts of up to 25 per cent off if they enable the Smart Driving feature.
This handy feature, which is easily accessible after the installation of a device that plugs directly into the car’s accessory socket, will allow Revolut to price the customers individually based on their driving behaviour, allowing customers to get better rates.
Revolut will also offer customers flexible payment options and no hidden interest rates, adding that both annual and monthly payment options are available.
Balazs Gati, Revolut's General Manager of Insurance, said, “We’re delighted to announce that Revolut Car Insurance will soon be available in our super app, offering our customers in Ireland a convenient way to insure their vehicles.
“We have worked to provide great pricing, flexible and bespoke plans, and a hassle-free user experience.
“We’ve taken a fresh approach to car insurance, and we’re looking forward to hearing feedback from our customers over the coming weeks.”
Revolut users can join the waitlist here.
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