Financial Wire

Root, Carvana Surpass 200,000 Policies in Embedded Insurance Program

-- Root (ROOT) and Carvana (CVNA) said Tuesday they have exceeded 200,000 policies through their embedded auto insurance partnership.

The product combines Root's data-driven underwriting with Carvana's online sales system to allow customers to obtain insurance at the point of sale.

The companies said Root is the exclusive insurance provider for Carvana customers in 36 states where it operates, with coverage integrated into the vehicle purchase process on Carvana's platform.

Price: $45.66, Change: $+0.08, Percent Change: +0.18%

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Root, Carvana Surpass 200,000 Policies in Embedded Insurance Program | Financial Wire