Root Car Insurance is best for drivers who aren’t in a rush to obtain coverage and are searching for low rates. Root’s auto insurance has solid reviews, and filing claims is easy through its sleek mobile app. However, if you’re interested in anything other than low rates, like broader coverage, you’d be better served by a different car insurance company.
- Root Insurance: Our Thoughts
- How Does Root Auto Insurance Work?
- Root Insurance Reviews and Complaints
- Root Car Insurance Coverage
- Root Auto Insurance Financial Strength Ratings
Root Insurance: One of the Cheapest Options for the Basics
Root Insurance’s biggest strength is its low rates, and it’s also the company’s main marketing point. Drivers who take the test drive and qualify for a quote will have a hard time finding rates that are cheaper than those offered by Root Insurance. However, you might not even make the cut for a quote. In exchange for its low-priced quotes, customers will have to make due with basic coverage options. Some drivers might need specialized policy add-ons. For instance, someone who recently purchased a vehicle might benefit from gap insurance, which is not currently offered by Root Insurance.
One of the great things about Root Car Insurance is that customers have access to claims support 24/7 by phone. Oftentimes, insurance companies that conduct the majority of their business through a mobile app won’t have readily accessible representatives. Furthermore, claims are usually paid in seven to 10 business days, which is impressive considering some competitors can take weeks to process claims.
The company claims that it saves its policyholders up to 52% on their auto insurance coverage, and Root Car Insurance’s reviews attest to huge savings. Some of the people who would benefit most from coverage through Root Insurance are high-risk drivers, such as teens, who would receive high auto insurance rates through other companies. Root Insurance primarily bases its rates on individual driving habits, so traditionally high-risk drivers, like teens, won’t be penalized as much if they exhibit safe driving in the test drive.
Root Insurance has two main drawbacks: its limited coverage area and the lack of insight into the company’s financial stability. Currently, Root Insurance is only available in 16 states, listed below. However, the company has plans to expand into six more states soon. The second drawback is a direct result of the company’s age. Root Car Insurance was founded in 2015, and while it isn’t brand-new, some of its competitors have been around for more than a century. The company’s youth works against it, as there isn’t an extensive record showing that Root Car Insurance can pay customer claims. It doesn’t help that the company hasn’t been evaluated by trusted insurance rating agencies.
- New Mexico
Bottom Line: If being insured by a new company doesn’t worry you, you’ll be rewarded with some of the cheapest auto insurance rates from Root Insurance. All other drivers, including those in need of specialized coverage, should search for a different insurance company.
How Does Root Auto Insurance Work?
Root Car Insurance assigns personalized auto insurance quotes primarily based on each individual’s driving habits and targets good drivers. While Root Insurance doesn’t disclose the percentage of people that it offers quotes to, the company claims that 30% of people are less-than-ideal drivers. Drivers seeking a quote must download Root’s mobile app and take a “test drive.” Drivers must then carry their mobile devices around when they are driving so the app can track their driving behaviors for two to three weeks. The app runs in the background, so there’s no need to activate the tracking feature. The quote you receive is based on several factors, including your braking habits, speed and the number of miles you drive.
During your test drive, you’ll have access to a driver scorecard to help you understand how well the test is going. This feature offers drivers the opportunity to adjust their driving habits. After your assessment period or “test drive,” the app will determine whether Root Insurance will offer you an auto insurance quote. You can’t receive a quote unless you take part in the test drive. If you do qualify, you can add people to your insurance policy and they don’t have to take the test drive.
Root Insurance Reviews and Complaints
Root Insurance’s reviews have been mostly positive. Even though the company is in its third year of existence, to date, there have been no official complaints filed against it with the National Association of Insurance Commissioners. Furthermore, Root Insurance’s reviews indicate that its marketing is true to word, as drivers often receive substantially lower rates than with other carriers. The biggest complaint from Root Insurance’s reviews is that receiving a quote takes a while. However, the long quote period is the reason Root Car Insurance is able to offer such competitively priced auto quotes.
Root Car Insurance Coverage
Root Car Insurance offers few auto insurance add-ons, but it offers the full suite of basics. As a result, drivers who are searching for highly specific coverage, such as ride-share or gap insurance, would be better served by a traditional auto insurance company, like Farmers or Allstate.
Rental reimbursement: This optional policy add-on reimburses you for expenses associated with renting a car if your vehicle is inoperable due to a covered accident. While rental reimbursement coverage is fairly common among auto insurance companies, Root Insurance offers its policyholders the option to receive Lyft credits as opposed to being reimbursed for a rental vehicle.
Roadside assistance: Root Insurance includes roadside assistance, for services like towing and battery jump-starts, with each of its policies at no extra cost. Root Insurance partners with Blink for roadside assistance, but policyholders can request service from any company. Root Insurance covers up to three incidents per six-month policy term for a maximum of $100 per incident.
Traditional Coverage Options Available Through Root Insurance
- Comprehensive coverage
- Collision coverage
- Liability coverage
- Personal injury protection
- Uninsured and underinsured motorist damage
- Medical payments coverage
Root Auto Insurance Financial Strength Ratings
One of the biggest concerns customers have when signing up for insurance through a small or a new company is whether it can afford to pay claims. Despite being a new company, Root is backed by top reinsurers. However, obtaining coverage through a new company still carries financial risk. If you’re uncomfortable with the idea of being insured through a relatively new company, you should consider established national companies, like State Farm and Farmers.