Octo Telematics announced that EverQuote, an online insurance marketplace, and State Automobile Mutual Insurance Co., an independent agent-based property and casualty insurer operating in 33 states, have joined Octo’s DriveAbility Marketplace.
The DriveAbility Marketplace is “an insurance distribution platform that enables various industry partners and ecosystem service providers to offer additional customized insurance services to their customers,” according to Octo Telematics.
“The DriveAbility Marketplace delivers an insurance solution to increase customer engagement for Octo’s partners, such as EverQuote, in collaboration with national, regional or state-specific insurance providers such as State Auto,” Rome-based Octo Telematics said in a news release.
EverQuote is the first DriveAbility Marketplace partner to launch in the United States. EverQuote’s EverDrive app is a social safe-driving app and is integrated with Octo’s DriveAbility Marketplace to deliver a unique consumer-focused and carrier-agnostic connected insurance experience, according to Octo.
State Auto is the first insurer to join the DriveAbility Marketplace and offer personalized, safe-driving auto insurance discounts through the EverDrive app.
Consumers that use the EverDrive app and anonymously opt-in to qualify for discounts will be presented with unique insurance offers based on Octo’s DriveAbility scoring and State Auto’s customer qualification rules. The DriveAbility Marketplace will generate State Auto insurance offers for EverDrive users and also provide in-policy DriveAbility scoring services for State Auto.
“The Marketplace launch with EverQuote and State Auto, in addition to others in the pipeline, demonstrates the value and flexibility of Octo’s DriveAbility Marketplace proposition across different companies, with different customers, channels and data sources,” said Geoff Werner, Americas country manager & VP driveability & consulting, Octo Telematics. “We are thrilled to welcome EverQuote and State Auto to the Marketplace, as it continues to demonstrate value to our insurer clients, and significantly grow in the U.S.”