EverQuote Launches Safe Driving Insurance Offers for EverDrive App Users
September 06 2018 - 9:00AM
EverQuote, Inc., the leading online insurance marketplace in the
U.S. connecting consumers with insurance providers, recently
launched its first safe driving discount offers within its industry
leading, social safe driving app, EverDrive.
In partnership with leading telematics technology provider Octo
Telematics, and insurance innovator, State Automobile Mutual
Insurance Company (State Auto), drivers who enroll in EverDrive’s
insurance offers feature can anonymously share their driving data
and qualify for significant discounts of up to 50% on their auto
insurance through EverDrive’s integration with Octo’s Driveability
Marketplace and State Auto’s innovative safe driving insurance
products.
With more than 500,000 downloads since the app was launched and
over 2 Billion miles driven, EverQuote’s EverDrive app is the most
widely used non-carrier safe driving app in the U.S. and the source
of EverQuote’s Annual Safe Driving Report. The EverDrive app is
available on the App Store and Google Play.
The EverDrive app addresses two key challenges facing the
adoption of telematics technologies broadly:
- It enables consumers to improve their driving behaviors while
putting them in control of their driving data.
- By enabling them to measure and improve key factors typically
correlated with accidents and claims, such as speeding, harsh
breaking and distracted phone use, drivers can assess and improve
their scores before they share this information with insurance
providers.
- Users can engage in fun and friendly competition with friends
and family members through integrated social media features and a
rich set of self-measurement tools, assessing and improving their
driving skills independent of any insurance provider.
- When they feel comfortable doing so, they may opt-in to sharing
their driving information anonymously to see if they qualify for
potential insurance discounts and can then connect with a provider
offer to complete their purchase at their discretion.
- It provides insurers a ready and engaged audience of safe
drivers they can rate in real-time without the typical overhead and
assessment delays of traditional programs. EverDrive users
must have adequate driving history logged in the app to qualify for
a provider’s offer before they are scored. If they have opted in to
insurance offers in EverDrive, they are presented with them if they
have qualified status.
“We believe EverDrive’s safe driving discounts are a major
step-forward for the insurance industry, as the personalization of
pricing and digital risk management represent the future of
insurance. EverDrive is the first carrier-agnostic solution that
helps drivers, their friends and family improve driving safety;
putting them in control of their own data while accessing
significant discounts from participating carrier partners. With
over 160 insurance carriers in EverQuote’s marketplace, we’re
excited to open up a new channel for the distribution of safe
driving products and are excited for additional partners to join
the program as we continue to scale,” said Seth Birnbaum, EverQuote
CEO and Co-Founder.
About EverQuote Founded in 2011,
EverQuote, Inc. operates the largest online marketplace for
insurance shopping in the United States. The company's goal is to
reshape insurance shopping for consumers and improve the way
insurance providers attract and connect with customers as insurance
shopping continues to shift online. With over 10 million consumer
visits per month, EverQuote's results-driven marketplace, powered
by the company's proprietary data and technology platform, matches
and connects consumers seeking to purchase insurance with relevant
options from our broad direct network of insurance providers,
saving consumers and providers time and money. For more
information, visit EverQuote.com and follow on Twitter
@EverQuoteInsure
About Octo Octo is the number 1 global provider
of telematics and data analytics solutions for the auto insurance
industry. Founded in 2002, Octo is one of the pioneers of the
insurance telematics industry. Today, Octo is the largest and most
experienced insurance telematics company in the world, transforming
auto insurance through behavioral, contextual and driving analytics
for more than 100 insurance partners.
Octo has more than 5.6 million connected users and the largest
global database of telematics data, with over 207 billion miles of
driving data collected and 447,000 crashes and insurance events
analyzed (as of June 30, 2018). Octo applies proprietary algorithms
to this market-leading database to deliver powerful new insights
into driver risk, informing solutions that benefit both auto
insurance companies and policyholders.
The company is headquartered in Rome, with offices in Boston,
London, Stuttgart, Madrid, and Sao Paulo.
http://www.octotelematics.com/
http://www.octousa.com
About State Auto State Automobile Mutual
Insurance Company, headquartered in Columbus, Ohio, is a super
regional property and casualty insurance holding company. The
company is primarily engaged in writing personal and business
insurance products exclusively through independent insurance
agencies in 33 states and is proud to be a Trusted Choice® company
partner.
State Automobile Mutual is part of the State Auto Group, which
is rated A- (Excellent) by the A.M. Best Company and includes
State Automobile Mutual, State Auto Financial Corporation, State
Auto Property & Casualty, State Auto Ohio, State Auto
Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill
Insurance, Plaza Insurance, American Compensation and Bloomington
Compensation. Additional information can be found online at
www.StateAuto.com.
Media Contact for EverQuote:
Ryan Ruffing rruffing@everquote.com (617) 206-6561
SOURCE EverQuote, Inc.
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