COLCHESTER, Vermont, January 28 - DealerPolicy Inc., the first-ever turnkey auto insurance solution for car dealers, has announced its expansion into the state of Virginia. Founded in Colchester, Vermont, DealerPolicy is experiencing tremendous growth fueled by dealer demand. Each week, the company adds new dealers to the hundreds it already serves, with plans to expand operations nationwide through 2020.
DealerPolicy enables more car sales with more profit by delivering the first complete, scalable, and turn-key auto insurance solution for car dealers. Its new platform uses data and technology to provide consumers with their choice of insurance carriers and access to licensed insurance agents. Car buyers benefit from thousands more in purchasing power during the buying process, which they can put towards the purchase of their new car and F&I products. To date, the company has helped automotive retailers generate over $10 million in additional buying power for their customers. 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.
“Our excitement builds with each state we add to the DealerPolicy network,” says Travis Fitzgerald, CEO. “Virginia dealers and customers have urged us to bring the first all-inclusive insurance platform to their state, and we’re thrilled to fulfill their request. DealerPolicy has increased the buying power of nearly 70% of our customers by thousands of dollars. That extra buying power, plus our incentive program, gives dealers new income opportunities they can only get from DealerPolicy.”
Already integrated with leading F&I software providers, DealerPolicy also recently partnered with Equifax to further streamline their offering and help dealers accelerate the financing and purchase process.
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