Hugo Insurance is a relatively new insurance company that was founded in 2017. It offers a unique type of car insurance that is based on daily rates instead of monthly or annual premiums. This makes it a good option for people who only drive their cars occasionally or who need to insure a car that they only use for a short period of time. Hugo Insurance has received mostly positive reviews from customers.
On Trustpilot, it has a rating of 4.9 out of 5 stars, based on over 10,000 reviews. Customers praise Hugo for its affordable rates, easy-to-use website, and quick and efficient customer service.
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Pros and Cons of Hugo Insurance
Here are some of the pros and cons of Hugo Insurance
Pros
- Affordable rates: Hugo Insurance offers some of the most affordable car insurance rates on the market. This is especially true for people who only drive their cars occasionally or who need to insure a car that they only use for a short period of time.
- Flexible coverage options: Hugo Insurance offers a variety of coverage options, so you can choose the level of coverage that best meets your needs. You can also add on additional coverages, such as rental car reimbursement or roadside assistance.
- Easy-to-use website: Hugo Insurance has a user-friendly website that makes it easy to get a quote, purchase a policy, and manage your account.
- Quick and efficient customer service: Hugo Insurance has a reputation for providing quick and efficient customer service. Customers generally report that they are able to get in touch with customer service representatives quickly and easily, and that their questions and concerns are addressed promptly.
- No hidden fees or surprises: Hugo Insurance does not charge any hidden fees or surprises. You will know exactly what you are paying for before you purchase a policy.
- No need for a down payment: Hugo Insurance does not require a down payment when you purchase a policy. This can be a great option for people who are looking for affordable car insurance but who don’t have a lot of money saved up.
- Can be used to insure cars that are not your primary vehicle: Hugo Insurance can be used to insure cars that are not your primary vehicle. This is a great option for people who have a second car that they only use occasionally.
Cons:
- Not available in all states: Hugo Insurance is not available in all states. Currently, it is only available in California, Arizona, Colorado, Illinois, Indiana, Maryland, Michigan, Minnesota, New Jersey, New York, Ohio, Pennsylvania, Texas, Virginia, and Washington.
- Limited coverage options: Hugo Insurance offers a limited number of coverage options. This may not be a good option for people who need comprehensive or collision coverage.
- Not as well-known as some other insurance companies: Hugo Insurance is a relatively new company, and it is not as well-known as some other insurance companies. This may be a concern for some people who are looking for a more established company.
- May not be the best option for people who drive their cars a lot: Hugo Insurance is not the best option for people who drive their cars a lot. The daily rates can add up quickly if you drive a lot of miles.
What services does Hugo insurance Company offer?
Hugo Insurance offers a variety of services, including:
- Liability coverage: This is the most basic type of car insurance coverage, and it is required by law in most states. It covers the costs of injuries and property damage that you cause in an accident.
- Collision coverage: This coverage pays for the cost of repairs to your car if you are in an accident. It is not required by law, but it is a good idea to have if you have a financed car or if you have a high-value car.
- Comprehensive coverage: This coverage pays for the cost of repairs to your car if it is damaged by something other than a collision, such as a fire, theft, or vandalism. It is not required by law, but it is a good idea to have if you live in an area with a lot of theft or vandalism.
- Uninsured/underinsured motorist coverage: This coverage pays for the costs of injuries and property damage that you sustain in an accident caused by an uninsured or underinsured driver. It is not required by law, but it is a good idea to have if you live in an area with a lot of uninsured drivers.
- Rental car reimbursement: This coverage pays for the cost of renting a car if your car is in the shop for repairs after an accident. It is not required by law, but it can be a lifesaver if you need a car to get to work or school.
- Roadside assistance: This coverage provides help if your car breaks down or gets stuck. It can include things like towing, jump starts, and lockout services. It is not required by law, but it can be a great convenience.
Hugo Insurance also offers a few additional services, such as:
- Daily rates: Hugo Insurance offers daily rates instead of monthly or annual premiums. This makes it a good option for people who only drive their cars occasionally or who need to insure a car for a short period of time.
- Flexible coverage: Hugo Insurance allows you to choose the level of coverage that best meets your needs. You can also add on additional coverages, such as rental car reimbursement or roadside assistance.
- Easy-to-use website: Hugo Insurance has a user-friendly website that makes it easy to get a quote, purchase a policy, and manage your account.
- Quick and efficient customer service: Hugo Insurance has a reputation for providing quick and efficient customer service. Customers generally report that they are able to get in touch with customer service representatives quickly and easily, and that their questions and concerns are addressed promptly.
Hugo Insurance Pricing and Plans
Hugo Insurance pricing varies depending on a number of factors, including your age, driving history, location, the type of car you drive, and the level of coverage you choose. However, Hugo Insurance is generally considered to be more affordable than traditional car insurance companies.
According to Insurify, the average monthly cost for Hugo car insurance is $211 for full coverage and $162 for liability only. Rates vary depending on various factors, including which of Hugo’s three plans you select, where you live, your driving history, and more.
Hugo offers three plans which include:
- Unlimited Basic: This plan includes liability coverage and uninsured/underinsured motorist coverage.
- Unlimited Full: This plan includes all of the coverage in the Unlimited Basic plan, plus collision and comprehensive coverage.
- Unlimited Plus: This plan includes all of the coverage in the Unlimited Full plan, plus rental car reimbursement and roadside assistance.
The cost of Hugo insurance will also depend on the type of car you drive. For example, sports cars and luxury cars are typically more expensive to insure than economy cars.
It is important to get a quote from Hugo Insurance to see how much you would pay for car insurance. You can get a quote online or by calling Hugo customer service.
Tips for getting the best price on Hugo insurance
Here are some tips for getting the best price on Hugo insurance:
- Shop around: Get quotes from multiple insurance companies, including Hugo. This will give you a good idea of what you should be paying for car insurance.
- Consider your driving history: If you have a clean driving record, you will likely get a lower rate on car insurance.
- Live in a safe area: If you live in a safe area, you will likely get a lower rate on car insurance.
- Drive a safe car: If you drive a car that is less likely to be stolen or damaged, you will likely get a lower rate on car insurance.
- Choose the right coverage: Only buy the coverage that you need. The more coverage you buy, the higher your rate will be.
By following these tips, you can get the best price on Hugo insurance and save money on your car insurance premiums.
Factors to consider when evaluating Hugo Insurance
Here are some things to consider when evaluating Hugo Insurance:
- Financial strength: Hugo Insurance is a subsidiary of the Munich Re Group, which is one of the largest insurance companies in the world. This means that Hugo has the financial strength to pay claims in the event of an accident.
- Customer service: Hugo Insurance has a good reputation for customer service. Customers generally report that they are able to get in touch with customer service representatives quickly and easily, and that their questions and concerns are addressed promptly.
- Claims process: Hugo Insurance has a relatively simple claims process. Customers can file claims online or by phone, and they typically receive a decision within a few days.
Conclusion
If you are considering Hugo Insurance, I recommend reading reviews from other customers and comparing rates from multiple companies before you make a decision.
Overall, Hugo Insurance is a good option for people who are looking for affordable, flexible, and easy-to-use car insurance. However, it is important to compare rates from multiple companies before you decide to buy a policy.
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