Ocho

OCHO is a US-based car insurance distribution and premium-financing company. It operates as a licensed insurance broker that helps drivers compare quotes from established insurance carriers and then extends a loan to cover the premium, allowing customers to start a policy with a low or zero down payment instead of a large upfront deposit. Policies are standard six- or twelve-month terms; the premium cost is split into smaller installments, described on the company's site as 11 payments over six months, timed to the customer's payday, with biweekly cadence common and other schedules available depending on state and carrier. Customers can request payment extensions through the company's app, and the site states there are no late fees.

Alongside the financing product, OCHO markets a quote-comparison tool ("PriceCheck") that shows what other drivers are currently paying, and provides instant proof of insurance. The company reports on-time installment payments to help customers build credit scores, positioning the insurance payment relationship as a credit-building mechanism. OCHO states it does not require strong credit to qualify and that many customers are rebuilding credit.

OCHO holds insurance broker licenses in the states in which it operates and a California Finance Lender (CFL) license in California, and states it is regulated by state insurance authorities in its markets.

Business model

OCHO acts as a licensed insurance broker placing policies with third-party carriers and simultaneously as a lender that finances the customer's premium, described as interest-free for qualifying customers. Revenue mechanics are not detailed in the available sources beyond the brokerage-plus-financing structure [0].

Traction

The website cites more than 1,100 Trustpilot reviews and a 4.7/5 App Store rating, and states that thousands of drivers have used OCHO to obtain coverage [0].