Cuvva, based the city’s CodeBase technology incubator, said its app is the first of its kind in the UK, enabling users to have cover in place for as little as an hour.
Designed for those who want to borrow a car or have someone else drive theirs, the iPhone app is regulated by the Financial Conduct Authority and works with a number of underwriters to offer rates to drivers aged between 21 and 65.
Cuvva founder Freddy Macnamara said: “The reason we launched Cuvva was to try and improve the current UK car insurance model.
“Consumer expectations are that we should be able to get what we want, when we want and all from our personal devices; why should car insurance be any different?”
He added: “Technology has been used to consistently improve most industries yet the car insurance model remains largely unchanged. What we want to do is enable UK drivers to get simple, quick, and efficient access to other cars whenever they need them.”