
Business UpdateApr 21, 2026, 09:07 AM
Root Report: 95% Drivers Want Behavior-Based Rates; Save Up to 28%
AI Summary
Root, Inc. released its "The Future of Car Insurance: A Consumer Demand Report," revealing widespread dissatisfaction with traditional, demographic-based car insurance pricing. The survey found that 95% of drivers desire rates based on their actual driving behavior, not proxies like age or credit scores. Root's proprietary data indicates that safe drivers switching to their behavior-based model can save up to 28% on premiums, highlighting a significant market opportunity for their technology-driven approach.
Key Highlights
- 95% of drivers want insurance rates based on actual driving habits.
- 77% of drivers find current car insurance pricing outdated.
- Baby Boomers are 2.2 times more likely to view the system as unfair.
- Root's behavior-based pricing saves safe drivers up to 28% on premiums.
Price Impact
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