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About Root Insurance Stock
Founded
2015
Headquarters
Columbus, OH, US
Industries
Financial Services, Transportation
Root is a car insurance company founded on the belief that people who drive well are less likely to get into accidents, and that those people should pay less for insurance. With that in mind, Root set out to reinvent a broken industry, an industry that was still assigning rates based primarily on demographics and had an archaic agent structure. Using technology in smartphones to measure driving behavior such as braking, speed of turns, driving times, and route regularity, Root determines who is a safe driver and who isn't. By only insuring safe drivers, Root can offer more affordable rates. And the entire Root experience lives in a simple, easy-to-use app. The company was co-founded in March 2015 by Alex Timm and Dan Manges and is headquartered in Columbus, Ohio. As of October 2018, Root offers insurance in 20 states. Drivers in other states can sign up to be notified as other states become available. The company only offers personal car insurance policies at this time.
Root Insurance Press Mentions
Stay in the know about the latest news on Root Insurance
2019 InsurTech investment already ahead of 2018 total; policy administration systems in focus
globenewswire • Oct 23, 2019
Root Insurance Review
benzinga • Sep 26, 2019
Ohio Unicorn Root Insurance Rolls On With $350M In New Cash
news • Sep 10, 2019
Root Insurance To Raise $350M in Series E; Valued at $3.65 Billion
finsmes • Aug 25, 2019
Root Insurance Announces Entry into California
businesswire • Aug 07, 2019
Investors in Root Insurance
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Root Insurance Management
Leadership team at Root Insurance
Co-Founder & Chief Executive Officer
Alex Timm
Co-Founder & Chief Technology Officer
Dan Manges
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