A new approach to car insurance is now available, claiming to be revolutionary, and therefore named Guevara Insurance.
Claiming that you can “stick it to the man and save up to 80% on your car insurance“, the policies work on a peer-to-peer basis. Pool your money with other people in a group, and that money is used to cover any accidental or damage done while driving about.
Of course, the knock on effect of this is that if a person in the group you are put with is prone to accidents, then you all suffer as a group, as the insurance premiums won’t drop as much for next year.
However, to offset this negative, Guevara say that any left over money from the pool of premiums your group have at the end of the 12 months cover time will go into next year’s policies, effectively bringing down the premium price by a long way.
Furthermore, it is possible to move groups, swap groups, invite people to groups and anonymously vote people out of groups, giving people a huge amount of freedom over their probability of premiums coming down the following year.
Initial premiums are calculated on similar factors to other insurance policies, and so initially premiums will be just as high as normal, but over time they should drop dramatically.
Whether this is as revolutionary as the infamous Marxist guerrilla commander or not, it should serve as a good way for people to get their premiums down.