Root, the first insurance company founded on the principle of fundamental fairness, today announced rental coverage in partnership with
The claims process has long been one of the auto insurance industry's biggest pain points, and a big piece of that is the rental reimbursement experience. Often, with a week or shorter repair, the hassle of arranging for a rental car, getting reimbursement from the insurance company, and organizing pick-up and drop off override the value of a replacement car.
Combined with the fact that more and more people are choosing a ride-sharing service over a rental car in their everyday travel, research indicates broad support for adding a rideshare option to traditional rental coverage. An internet survey of 200 insured drivers aged 18-34 showed that 70% support a ride-sharing option in the case of a short-term rental. Of the same group, nearly half indicated that they would be more likely to purchase rental coverage for their insurance plan if it included an option to use a rideshare service such as
Root's new rental coverage offering follows the success of their "
"The claims experience is notoriously bad. You've just gotten into an accident and now you have a mountain of paperwork, agents with questions, and the added bonus of no car," said
With the option of
"We're excited to partner with Root, a new mobile-first insurance company with high growth potential," said
"We're constantly looking for products and services to integrate with to create a better, hassle-free experience for our policyholders," said
In addition to rental coverage, Root also announced today that the company is expanding to
To join Root, drivers simply download the app and take a test drive, which takes approximately 2-3 weeks, depending on how much they drive. Once complete, Root provides a quote and allows customers to request cancellation of their old policy, all through their mobile phone. To become a Root policyholder and join other good drivers, sign up at: http://www.joinroot.com
Root is the first insurance company founded on the principle of fundamental fairness. We create personalized products that give good drivers the protection they deserve.
At Root we only insure good drivers, and that is why our rates are always fair. Unlike other insurance companies, we do not bundle good drivers with bad drivers. Instead, we use data science to find and reward good drivers with the best rates.
Root is headquartered in
Get the rate you deserve at http://www.joinroot.com.
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