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CAMBRIDGE, Mass., Sept. 06, 2018 (GLOBE NEWSWIRE) -- 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:
“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.
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
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.
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.
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SOURCE EverQuote, Inc.