DealerPolicy, a U.S.-based insurance marketplace solution for dealers, announced on Wednesday it has teamed up with auto retail design and CRM tool provider FRIKINtech to provide car buyers auto insurance within digital retailing.
Founded in 2015, DealerPolicy claims to be the most trusted and complete digital insurance marketplace for automotive retailers and their valued customers. Its mobile technology enables car-buyers to view multiple insurances and immediately connect with licensed insurance agents to purchase insurance.
“With an exclusive combination of partnerships among premier automotive retailers and data providers, an industry-best insurance carrier network, and access to DealerPolicy Insurance licensed agents, DealerPolicy is recognized for its place at the forefront of Insurtech.”
Travis Fitzgerald, CEO of DealerPolicy, spoke about the collaboration by stating:
“For car buyers, this new solution lends a more holistic picture of the overall monthly vehicle cost representing the two largest expenses side by side – auto insurance and the vehicle payment. When customers save money on auto insurance, they often realize that also increases their spending power as a result. Those extra dollars can be reinvested back into other value-add F&I products or services offered by the dealer.”
Alex Snyder, Co-Founder and CEO FRIKINtech, added:
“Not only are car buyers getting a more complete picture of the cost to purchase, but the integration passes back valuable data to our dealers on the customer’s insurance savings and trade-ins, giving them a much better sense of a customer’s available budget.”
DealerPolicy Insurance is a licensed insurance agency, with licenses to operate in the lower 48 states.