Root Insurance is an insurer offering auto, homeowners, and renters insurance products in 34 U.S. states. The company brings the latest tech to bear on reducing rates and improving customer experience based on real data of how people live and drive. Founded by Alex Timm and Dan Manbes in 2015, Root has distinguished itself with its commitment to compassionate, forward-thinking policy. In addition to first-of-their-kind partnerships with Tesla and Carvana that placed the insurer at the forefront of technological development in autonomous driving and auto sales, the company’s decision to ignore customer credit scores for insurance premiums is widely hailed as a solution to traditional racial and class barriers to affordable auto insurance.
Root Inc.
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0.22
Overall Excellence Rating
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InsuranceCategory
Insurance CarriersESG/Ethical Impact
Root exists to create more fair and more affordable insurance. We leverage modern technology and data science to create seamless experiences for our customers. But we don’t stop there. Our mission to unbreak the insurance industry means identifying what’s broken, and committing to creating positive and impactful change across our industry, our communities, and the world. Root uses telematics to offer drivers fair rates based on how they drive, not who they are. We never use things like education or occupation, and driving behavior is the #1 factor in a Root rate. Root was founded on the belief that the services people need for everyday life should serve them better. We believe we have the same obligation to serve our communities better in ways that make a positive impact and improve our customers’ and team members’ lives. Root recognizes that protecting our customers means protecting the planet we all call home. Making investments in our digital product is how we best support the move to a low-carbon economy. At Root, it is our policy to seek continual improvement throughout our business operations to lessen our impact on the local and global environment by conserving energy and water, promoting recycling and waste reduction, and complying with all environmental regulatory requirements that apply.
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Awards Received
2023
Revenues
331000000.00
Website Traffic
Employee Rating
3.00
Customer Rating
3.20
Company Size
1000-5000
ESG Risk Rating
3.00
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