SAN FRANCISCO, June 20, 2019 /PRNewswire/ -- Today, Noblr,
a next generation car insurance company, announced its Colorado launch. Noblr is a new kind of car
insurance that aims to create friendlier roads by rewarding
customers' good driving behaviors with real-time competitive rates.
Innovative in technology and structure, Noblr is built on a
reciprocal exchange model, where customers are members who help
drive the company forward.
"With a dynamic population of people who are on the go and who
care about making our world a better place, Colorado is the perfect location for Noblr's
launch," said Gary Tolman, Noblr CEO
& Co-founder. "We believe that it's time to leverage the latest
technology to make insurance a lot fairer and more transparent for
the benefit of good drivers and our communities."
Noblr's behavior-based pricing is calculated in real time and
measures how well and how much someone drives. Good drivers could
save up to 51 percent. In addition to savings, Noblr's intuitive
app and highly personalized pricing model help directly incentivize
better driving.
While other companies take a more generalized and less
transparent approach, Noblr members pay for insurance based on
what they actually do. Thanks to Noblr's proprietary technology,
Noblr drivers who drive better can lower their rates and make the
roads friendlier every trip they take.
Noblr's customer-centric approach is driven by its reciprocal
exchange insurance structure. It's unique in that Noblr customers
are members who help guide the company's direction. Tolman
continued, "True to the saying 'the customer knows best,' we feel
that our members are integral to us not only as users of our
product, but as active partners in our company. Our community of
responsible drivers will earn price savings and create safer roads
together."
Noblr will launch in other states in coming months, rewarding
good drivers in select locales. The Noblr app is available for both
iOS and Android. Good drivers who want to be in the driver's seat
when it comes to their insurance should visit www.noblr.com.
Potential savings estimate is based on a sample risk profile of
one driver/one vehicle compared to a leading auto insurer's rate
without a telematics discount.
About Noblr
Noblr is a new kind of car insurance company that rewards its
members' good driving habits by giving a highly accurate,
competitive rate that is based on, among other things, time of
driving, road choice, quality of driving, and miles driven. Noblr
is an innovator in terms of its proprietary insurance solutions and
its corporate structure. Through a reciprocal exchange model, Noblr
customers are members who help steer the company's direction.
Headquartered in San Francisco,
Noblr's experienced team of seasoned insurance and technology
leaders have received investments from top-tier companies like HSCM
Bermuda, White Mountains (NYSE: WTM), and Third Point Re (NYSE:
TPRE). The Noblr team and its members are working together to
change the way we think about driving and our insurance. For more
information, please visit www.noblr.com.
MEDIA CONTACT:
Anna
Duggan
aduggan@noblr.com
(720) 357-2203
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SOURCE Noblr