DealerPolicy has helped automotive retailers generate over $10 million in additional buying power for its customers.
COLCHESTER, Vermont, January 17 -- DealerPolicy Inc. will be exhibiting its industry-first all-inclusive auto insurance solution for dealers at NADA in San Francisco from January 24th to 27th.
DealerPolicy enables more car sales with more profit by delivering the first complete, scalable, and turn-key auto insurance solution for car dealers that uses data and technology to provide consumers choice amongst a broad array of insurance carriers. This results in thousands more in purchasing power for consumers during the buying process, which they can put towards the purchase of their new car and F&I products. In fact, customers who purchased insurance gained an average of $3,200 in additional buying power, a sum that covers a full upgrade in vehicle trim level, or a full menu of F&I products. DealerPolicy’s solution provides technology, data, and access to licensed insurance agents to deliver this end-to-end capability, which binds insurance and delivers policy documents and insurance cards within minutes. The company also provides dealers with a new source of recurring income through its referral and payment programs. Each time a customer uses DealerPolicy’s technology to connect with a licensed insurance agent, dealers earn money.
“After operating a dealership myself for 15 years, we founded DealerPolicy with the vision to completely solve auto insurance for dealers – not just to write one or two policies when a customer needs insurance, but offering insurance to every car buyer. Doing that, we’ve been able to increase the buying power of nearly 70% of our customers by thousands of dollars,” said Travis Fitzgerald, CEO. “That extra buying power, plus our incentive program, gives dealers new income opportunities they can only get from DealerPolicy.”
“DealerPolicy isn’t just a turnkey auto insurance solution; equally important, we save dealers and their customers time completing car deals,” said Mike Burgiss, Chief Product Officer. “At NADA 2019, we’re showcasing our latest innovation, DriverIQ™, which saves time by instantly pre-filling the auto insurance and finance applications while providing dealers with customer insights only available through DealerPolicy.”
Dealer demand has fueled DealerPolicy’s tremendous growth. Each week, the company adds more dealers to the hundreds it already serves across nine states. Currently partnered with over 30 insurance carriers, the company plans to expand operations nationwide through 2020. To date, the company has helped automotive retailers generate over $10 million in additional buying power for their customers.
DealerPolicy is a leader in the emerging Insurtech sector. With its seamless integration into the car buying process, the company's innovative solution enables car-buying customers the opportunity to purchase insurance by connecting them with licensed insurance agents while at the dealership or after they arrive home with their new car. The company delivers these benefits through an industry-first combination of partnerships with car dealers, a growing insurance carrier network, and access to licensed agents. DealerPolicy is currently operating in nine states with plans to operate nationwide by 2020.