DealerPolicy, the leading insurance marketplace for automotive retail, recently announced a strategic alliance with JM&A Group, one of the largest independent providers of finance and insurance (F&I) products and dealer services in the industry, and an alliance with Darwin Automotive, a J.D. Power subsidiary and global leader in data analytics and consumer intelligence. Together, the three companies will work to deliver the next generation of F&I solutions to dealers nationwide. Through these alliances, DealerPolicy will continue to deliver innovative insurance products that bring together automotive insurance and car buying, with many consumers seeing cost savings.
DealerPolicy’s insurance platform for automotive retail affords dealers the ability to offer a more holistic car buying experience. Partnering with JM&A Group provides DealerPolicy with access to more than 3,800 dealers, further expanding its reach while incorporating personal insurance into JM&A Group’s industry-leading process for presenting and selling service contracts and other vehicle protection products. To further enhance the retail experience for dealers and car buyers, the company has collaborated with Darwin Automotive to fully integrate FastPass™, DealerPolicy’s proprietary insurance solution, into the leading dealer menu used to present F&I products to consumers.
“Our vision has long been to improve the car buying experience by seamlessly embedding the industry’s only choice-based automotive insurance platform into the systems, processes and culture of automotive retail,” said Travis Fitzgerald, Co-Founder and CEO of DealerPolicy. ”To be successful, we knew we had to work with other proven leaders in automotive finance and insurance such as JM&A Group and Darwin Automotive, to deliver the ultimate experience for dealers and consumers. We are honored to be the exclusive personal insurance partner for JM&A Group and to be fully integrated into the Darwin Menu, enabling a faster and superior process for everyone.”
“The real value that DealerPolicy brings to its dealer partners is their extensive knowledge of automotive retailing,” said Michael Fader, Vice President at MileOne Autogroup. ”Their ability to consistently convert insurance savings and customer buying power into incremental back-end profit has been a tremendous help to our business.”
With DealerPolicy’s innovative technology solutions, personal insurance is available alongside traditional F&I products. On average, DealerPolicy Insurance customers, who report savings, save car buyers $64 per month on their automotive insurance, in addition to offering homeowner, renter, marine, RV, motorcycle, and powersports coverage.In turn, car buyers can utilize these savings to further protect their investment through other value-added vehicle protection products, thus increasing dealers’ F&I gross profits by as much as 44%. For more information, visit www.dealerpolicy.com.
