Company profile: Root Insurance
1.1 - Company Overview
Company description
- Provider of personalized car insurance through a smartphone app using telematics to assess braking, turn speed, driving times, and route regularity to set rates and insure safe drivers. Includes roadside assistance (state-specific exceptions) and in-app claims in about 3 minutes with dedicated adjusters. Also offers renters insurance covering belongings, living expenses if displaced, and liability.
Products and services
- Telematics System: Root architects a smartphone-based platform that logs braking intensity, speed of turns, driving times, and route regularity, used to determine insurance rates based on driving behavior
- Car Insurance: Root delivers personalized, affordable, telematics-driven coverage with rates derived from measured braking, turn speeds, driving times, and route regularity, emphasizing insuring safe drivers via the app
- Claims Processing: Root supplies a mobile-native workflow enabling claims submission through the app in about 3 minutes, with support from dedicated adjusters
Key contacts
🔒
🔒
Financial details
🔒
1.2 - Competitors and similar companies to Root Insurance
Auto Accessories Garage
HQ: United States
Website
- Description: Provider of online retail services for automotive parts and accessories via AutoAccessoriesGarage.com.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Auto Accessories Garage company profile →
Otoqi
HQ: France
Website
- Description: Provider of connected vehicle delivery and logistics solutions for automotive professionals, offering sales, after-sales and shared mobility services to simplify moving, servicing, charging, repairing and delivering fleets. Services include fleet management (refueling, repositioning, cleaning, field repairs), pick-up & delivery with DMS integration, car transfers across Europe within 48 hours, car delivery within 24 hours, a driver app, and a Fleet Manager dispatch system.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Otoqi company profile →
InsideEVs
HQ: United States
Website
- Description: Provider of electric vehicle news, reviews, and reports, offering in-depth information, detailed evaluations, and analyses on trends and data in the plug-in electric vehicle market. Operates the world’s largest Internet site dedicated solely to plug-in electric vehicles.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full InsideEVs company profile →
Carwave
HQ: United States
Website
- Description: Provider of an online dealer-to-dealer automobile auction platform that simplifies wholesaling of trade-in and frontline vehicles between franchise and independent auto dealers, featuring certified mechanical inspections, buyer guarantees, 24/7 direct offer trading, inspection reports, account creation, customer support, vehicle purchasing, and analytics.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Carwave company profile →
Salvage Direct
HQ: United States
Website
- Description: Provider of online auction services facilitating the efficient sale of salvage vehicles from auto insurers to licensed vehicle dismantlers.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Salvage Direct company profile →
🔒
2.M&A buyers
2.1 Potential strategic acquirers in the sector
🔒
🔒
🔒
🔒
View all strategic buyers with complete profiles
Start Free Trial →
2.2 - Strategic buyer groups for Root Insurance
🔒
Buyer group 1: ████████ ████████
●● companies
Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
🔒
View all companies in this group
Request Free Trial Now →
🔒
Buyer group 2: ████████ ████████
●● companies
Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
🔒
View all companies in this group
Request Free Trial Now →
🔒
Buyer group 3: ████████ ████████
●● companies
Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
🔒
View all companies in this group
Request Free Trial Now →
🔓 Unlock all detailed buyer group breakdowns with complete company profiles
Start Free Trial →
3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Root Insurance
2.2 - Growth funds investing in similar companies to Root Insurance
🔒
View all growth equity funds with complete profiles
Start Free Trial →
4 - Top valuation comps for Root Insurance
4.2 - Public trading comparable groups for Root Insurance
🔓 Unlock all public trading comparable groups with complete valuation data
Start Free Trial →