Root® and Carvana® Deliver Automotive Patrons Auto Insurance coverage — Protection in 3 Clicks – GlobeNewswire

August 18, 2022 By admin

| Supply: Root, Inc. Root, Inc.
Columbus, Ohio, UNITED STATES
COLUMBUS, Ohio, July 27, 2022 (GLOBE NEWSWIRE) — Root, Inc. (NASDAQ: ROOT), the father or mother firm of Root Insurance coverage Firm (“Root”), the main insurtech provider, and Carvana (NYSE: CVNA), the {industry} pioneer for getting and promoting used vehicles on-line, right now introduced the following evolution of the Root and Carvana partnership that brings an industry-leading, seamless insurance coverage course of to the web automotive shopping for expertise.
The launch of Carvana Insurance coverage Constructed with Root delivers an elevated buyer expertise made potential by means of a deep integration that pre-fills key buyer data so {that a} buyer can skip knowledge entry and soar on to evaluating quotes and customizing protection. This totally embedded product expertise—from quote to cost—occurs fully throughout the Carvana checkout course of. Groups from each Carvana and Root have labored for months to construct this daring know-how platform. An early iteration concerned 24 screens within the buyer expertise movement—that have is now simply three simple steps.

“Including automotive insurance coverage must be as straightforward as some other facet of on-line procuring,” mentioned Alex Timm, Co-Founder and CEO of Root. “As a substitute of beginning a prolonged software or questionnaire elsewhere, Carvana prospects can now simply insure their new automobile on the identical platform from which they bought it. Collectively, Carvana and Root have created the simplest, quickest insurance coverage expertise, permitting Carvana prospects to purchase the suitable automobile and really feel assured they’ve the suitable protection instantly.”

Carvana and Root have revolutionized the web used automotive shopping for and automotive insurance coverage experiences respectively. Clients have been conditioned to anticipate difficulties in these purchases, and thru this partnership, the problem and inconvenience of discovering and buying insurance coverage has been faraway from the automotive shopping for course of.

“Carvana has at all times been dedicated to simplifying and bettering the automotive shopping for and promoting course of to profit our prospects, so supporting our prospects’ insurance coverage wants was a pure subsequent step for us,” mentioned Ernie Garcia, Carvana Founder and CEO. “We’re excited to boost our buyer’s automotive shopping for expertise with this very seamless, clear insurance coverage expertise in partnership with Root.”

Carvana Insurance coverage Constructed With Root is a testomony to a customer-focused and know-how pushed product expertise, and is accessible in 33 states.
About Root, Inc.
Based in 2015 and based mostly in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the father or mother firm of Root Insurance coverage Firm. Root is revolutionizing insurance coverage by means of knowledge science and know-how to offer shoppers a personalised, straightforward, and truthful expertise. The Root app has greater than 9 million app downloads and has collected 15 billion miles of driving knowledge to tell their insurance coverage choices.

For additional data on Root, please go to root.com, or join with us on Instagram, Twitter, YouTube, and TikTok.
Root Insurance coverage Firm is headquartered in Columbus, Ohio, with renters insurance coverage out there in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance coverage at present out there to drivers in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, and Wisconsin. Auto insurance coverage is underwritten by Root Property and Casualty Insurance coverage Firm in some states and likewise by Redpoint County Mutual Insurance coverage Firm in Texas. Carvana Insurance coverage Constructed with Root is accessible solely within the states the place Root writes insurance coverage, excluding California.
About Carvana (NYSE: CVNA)
Based in 2012 and based mostly in Phoenix, Carvana’s (NYSE: CVNA) mission is to alter the way in which individuals purchase and promote vehicles. With a continued deal with its prospects, know-how and innovation, Carvana gives an intuitive and handy on-line automotive shopping for, promoting, and financing expertise. Carvana.com allows prospects to rapidly and simply store greater than 70,000 automobiles, finance, commerce in or promote their present automobile to Carvana, signal contracts and schedule supply or pickup at one among its patented, automated Automotive Merchandising Machines. Carvana is a Fortune 500 firm, offering as-soon-as-next-day supply to prospects in over 300 U.S. markets.
For additional data on Carvana, please go to www.carvana.com, or join with us on FbInstagramTwitter, YouTube or the Carvana Weblog.
MEDIA CONTACT:
Root Communications
[email protected]
Root Investor Relations
Christine Patrick
VP, Investor Relations
[email protected]
Carvana Communications
Kristin Thwaites
[email protected]
Protected Harbor for Ahead-Wanting Statements
This press launch and any oral associated statements made by representatives of Root or Carvana could include forward-looking statements throughout the that means of federal securities legal guidelines. Ahead-looking statements could relate to future operations, methods, plans, partnerships, investments, monetary outcomes or different developments, and are topic to assumptions, dangers and uncertainties. Statements comparable to “steering”, “anticipate”, “anticipate”, “robust”, “consider”, “intend”, “aim”, “goal”, “goal”, “place”, “potential”, “will”, “could”, “would”, “ought to”, “can”, “ship”, “speed up”, “allow”, “estimate”, “initiatives”, “outlook”, “alternative”, “growth”, “creation” or related phrases, in addition to particular projections of future occasions or outcomes qualify as forward-looking statements. Ahead-looking statements, by their nature, are topic to quite a lot of inherent dangers and uncertainties that would trigger precise outcomes to vary materially from the outcomes projected. Many of those dangers and uncertainties can’t be managed by Root or Carvana. Elements which will trigger our precise selections or outcomes to vary materially from these contemplated by these forward-looking statements will be present in Root’s Kind 10-Okay and Kind 10-Qs filed with the U.S. Securities and Alternate Fee and Carvana’s Kind 10-Okay and Kind 10-Qs filed with the U.S. Securities and Alternate Fee, respectively. Ahead-looking statements converse solely as of the date the assertion was made and neither Root nor Carvana undertakes any obligation to replace such forward-looking statements. There will be no assurance that different elements not at present disclosed or anticipated by Root or Carvana won’t materially adversely have an effect on every firm’s outcomes of operations or plans. Buyers are cautioned to not place undue reliance on any forward-looking statements made by both firm or on its behalf.

supply