Overview
Vecto is a rental replacement platform for P&C auto insurance carriers, enabling adjusters to manage vehicle replacement for claimants through a single vendor-neutral interface. The platform aggregates traditional rental car agencies, ridesharing services, and mobility-as-a-service providers, reducing dependence on a single rental vendor and lowering out-of-pocket costs for insurers.
The platform provides access to over 1 million vehicles across 5,432 rental locations and nine in-network car providers. Adjusters can book replacement vehicles, issue ridesharing vouchers, and manage billing through one system rather than managing separate vendor relationships. Real-time rate adjustments allow insurers to secure competitive daily rates across the network.
Founded in 2022 by a rental car industry veteran, Vecto is bootstrapped and in early commercial traction. The company joined the Guidewire Insurtech Vanguards program in 2023 and announced a partnership with Good Driver Mutuality in April 2025, expanding access to Vecto's mobility network across 45 US states.
Products & Services
Rental Replacement Platform
A SaaS platform for P&C insurers to manage vehicle replacement during the claims process. Adjusters access multiple mobility providers -- traditional car rental agencies, ridesharing services, and MaaS companies -- through a single interface with unified billing and reporting.
Key Features
- Access to 1M+ vehicles across 5,432 rental locations and 9 in-network car providers
- Real-time rate adjustments for competitive daily pricing
- Single-platform billing across multiple mobility providers
- Booking management for adjusters within the claims workflow
Target Users: P&C auto insurance carriers and claims adjusters
Ridesharing Vouchers
Instant ridesharing voucher issuance enabling insurers to provide claimants with immediate transportation when a traditional rental vehicle is not preferred or practical.
Key Features
- Integration with major ridesharing platforms (Uber, Lyft)
- Instant delivery of vouchers to claimants
- Alternative to traditional rental car replacement
Target Users: P&C claims departments
Vendor Mobility Network
A curated network of rental car agencies, ridesharing services, and MaaS providers aggregated under a single technology interface, giving insurers access to a broad pool of mobility options for rental replacement programs.
Key Features
- 1M+ vehicles in network
- 5,432 rental locations
- Nine in-network car providers
- Eliminates single-vendor lock-in for rental replacement
Target Users: P&C auto insurance carriers
At a Glance
- Founded
- 2022
- Headquarters
- New York, NY, USA
- Employees
- 1-10
- Funding
- Bootstrapped
Category & Focus
- Category
- Claims Technology
- Subcategories
- Rental Replacement Claims Automation
- Insurance Verticals
- P&C Personal P&C Commercial
- Target Customers
- Carriers
Customers
- Good Driver Mutuality (partnership announced April 2025)
Links
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Last updated: 2026-06-19