COLUMBUS, Ohio, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced that Root Insurance is now available in Wyoming, expanding its auto insurance availability to 38 states representing 81% of the U.S. population. The launch of Root Insurance in Wyoming advances the company toward its goal of providing coverage across the contiguous United States by the end of 2027.
Wyoming drivers can now get a Root car insurance quote, customize their coverage, and purchase a policy in just minutes, and manage their policy directly in the Root app. Root uses technology and data science to more precisely understand and price risk while creating a simple, digital insurance experience for customers.
“Launching in Wyoming brings us another step closer to making Root available to drivers across the country,” said Alex Timm, Root Founder and CEO. “We’ve built a technology and data science platform that allows us to enter new markets efficiently and give more consumers access to a personalized, easy insurance experience. Wyoming drivers can now get a quote and purchase coverage whenever they're ready, making it possible to get insured and on the road the same day. We're excited to bring that experience to more drivers as we continue expanding nationwide.”
Root car insurance is now available in Wyoming
Wyoming drivers can now shop for, purchase, and manage Root auto insurance digitally. Root offers Wyoming customers the ability to:
Get a Root insurance quote and purchase coverage in minutes: Wyoming drivers can get a quote and purchase a policy online in just minutes.Customize their auto insurance coverage: Customers can select from available coverage limits and deductibles to find a policy that fits their individual needs.Manage their policy digitally: Root customers can access insurance documents, make policy changes, and start a claim through the Root mobile app.Access Root through multiple channels: Root offers insurance directly to consumers and through a growing network of independent insurance agents and distribution partners. Root offers personal auto insurance in Wyoming, including liability, comprehensive, and collision coverage, subject to eligibility and availability.
Car insurance coverage options available in Wyoming
Root offers Wyoming drivers a range of car insurance coverage options to meet their needs and protect them on the road. Available coverages include:
Liability Coverage: Helps pay for injuries and property damage you cause to others in an accident.Collision Coverage: Helps pay to repair or replace your vehicle if it's damaged in a collision, regardless of fault.Comprehensive Coverage: Helps cover damage to your vehicle from events outside of collisions, including theft, vandalism, severe weather, and falling objects.
Wyoming drivers can customize their policies by selecting available coverage options, limits, and deductibles that fit their needs and budgets. Coverage options are subject to eligibility and availability.
Root expands car insurance availability to 38 states
Wyoming is the 38th state where Root offers auto insurance, following the company's expansion into New Jersey in July 2026. With this latest launch, Root now offers car insurance in states representing 81% of the U.S. population and continues working toward its goal of expanding across the contiguous United States by the end of 2027.
Root was founded in 2015 in Columbus, Ohio, with a focus on using technology, data science, and driving behavior to improve how car insurance is priced and experienced. Its technology platform supports efficient geographic expansion and allows Root to reach customers through its direct-to-consumer channel, independent insurance agents, and distribution partners.
How to get Root car insurance in Wyoming
Wyoming drivers can get a quote and purchase coverage through the Root mobile app or by visiting the Wyoming car insurance page. Drivers can also start a quote online.
No test drive is required to purchase a Root policy in Wyoming. Eligible drivers can get a quote, select their coverage, and purchase insurance immediately through Root's digital experience.
Coverage, discounts, and eligibility may vary. Root auto insurance in Wyoming is underwritten by Root Property & Casualty Insurance Company.
Frequently Asked Questions About Root Insurance in Wyoming
Is Root Insurance available in Wyoming?
Yes. Root Insurance is now available in Wyoming. Wyoming is the 38th state where Root offers car insurance, expanding its availability to states representing 81% of the U.S. population.
Can I get Root car insurance immediately in Wyoming?
Yes. Wyoming drivers can get a Root car insurance quote and purchase coverage immediately, without completing a test drive or waiting for a driving evaluation. Eligible drivers can purchase a policy online in just minutes.
Does Root Insurance require a test drive?
No. Root Insurance does not require a test drive to purchase car insurance. Drivers can get a quote online, customize their coverage, and purchase a policy right away.
How much can you save with Root Insurance in Wyoming?
Safe drivers who switch to Root Insurance can save up to $1,300 annually, subject to driving behaviors and chosen coverage levels.*
*Potential annual savings based on survey of actual customers who purchased a new Root policy in active markets between February 2025 - February 2026 and reported savings; changes in coverage levels not evaluated. Potential savings will vary.
What types of car insurance coverage does Root offer in Wyoming?
Root offers personal auto insurance in Wyoming, including liability, comprehensive, and collision coverage, subject to eligibility and availability. Drivers can explore available coverage options at Root's Wyoming car insurance page.
How can I get a Root car insurance quote in Wyoming?
Wyoming drivers can get a quote and purchase coverage through the Root mobile app or by visiting the Wyoming car insurance page. Drivers can also start a quote online.
Can I buy and manage my Root car insurance online?
Yes. Root provides a digital insurance experience that allows customers to purchase and manage policies, access insurance documents, make policy changes, and start a claim through the Root mobile app.
Is Root Insurance available through independent insurance agents in Wyoming?
Root's availability through independent insurance agents in Wyoming is subject to confirmation. Agents interested in selling Root Insurance can apply, begin the process and get appointed in as little as 24 hours.
How many states does Root Insurance operate in?
Root now offers auto insurance in 38 states, including Wyoming, representing 81% of the U.S. population. The company plans to expand across the contiguous United States by the end of 2027.
Where is Root Insurance available?
Root offers car insurance in 38 states, including Wyoming. Consumers can check availability in their state and explore coverage options online.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. The Root app has reached more than 18 million downloads and has analyzed more than 37 billion miles of driving data to deliver personalized, easy, and fair pricing. Root is available in 38 states and offers auto insurance to consumers across the United States through its direct-to-consumer channel, independent insurance agents, and distribution partners.
Root Inc, Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results, the success of our business in Wyoming, and our ability to complete our expansion into the contiguous U.S. by year-end 2027. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates, and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties, and assumptions that we cannot predict. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast. In accordance with “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations, or by contacting Root's Investor Relations office.
ROOT za měsíc klesl o 12 % poté, co hrubé předepsané pojistné ve 2. čtvrtletí meziročně kleslo o 1,9 % na 339,7 mil. USD. Čistý zisk přesto vzrostl o 15,5 % na 25,4 mil. USD.
Key Takeaways ROOT shares fell 12% in a month as second-quarter gross written premium declined 1.9% year over year.ROOT's Q2 net income rose 15.5% to $25.4M as its net combined ratio improved 310 bps to 92.1%.ROOT plans a Q4 2026 pricing-model launch, with a more material impact expected in 2027. Root, Inc. (ROOT - Free Report) shares have fallen 12% in the past month as slower premium growth and higher loss costs temper otherwise resilient profitability. Gross written premium declined in the second quarter, while the accident-period loss ratio moved higher.
The pullback leaves investors weighing Root's return-focused underwriting against a tougher direct auto market. Near-term performance will depend on preserving margins while newer distribution channels and the fourth-quarter pricing-model launch shape the 2027 outlook.
Why ROOT's Premium Growth Has Lost MomentumDirect auto competition intensified in the second quarter of 2026 as rivals increased marketing and lowered prices. Root responded by cutting acquisition spending that did not meet its return targets. Gross written premium fell 1.9% year over year to $339.7 million, and management expects year-end 2026 policies in force to be relatively flat if current competition persists.
ROOT Preserves Profitability Despite Slower GrowthRoot's slower premium growth has not yet undermined earnings. Second-quarter net income increased 15.5% to $25.4 million, while adjusted EBITDA rose 16.5% to $43.8 million. The net combined ratio improved 310 basis points to 92.1%, helped by a lower expense ratio.
That result reflects management's decision to favor target returns over volume when acquisition economics weaken. For the first half of 2026, adjusted EBITDA reached $100.6 million versus $69.5 million a year earlier, and the net combined ratio improved to 91.7% from 95.4%.
Rising Loss Costs Could Keep Pressure on ROOTClaims trends are the clearest near-term margin risk. The gross accident-period loss ratio rose to 61.6% in the second quarter from 57.4% a year earlier as vehicle repair costs, medical inflation and channel mix pressured loss economics. Accident-period severity per claim increased at a mid-single-digit rate year over year.
Management also expects the normal seasonal rise in loss ratios during the second half of 2026. Potential low-single-digit rate decreases could reduce pricing cushion before the next predictive model has a larger effect, especially if claims severity remains elevated.
ROOT's New Pricing Model Could Shift the 2027 OutlookRoot plans to launch its next predictive pricing model in the fourth quarter of 2026, followed by a state-by-state rollout with a more material impact expected in 2027. The prior model increased customer lifetime values by more than 20%, making improved risk segmentation an important part of the longer-term growth case.
Carvana provides another route to policy growth outside direct acquisition. Carvana said in April that its embedded insurance program with Root had surpassed 200,000 policies sold. Root later extended the exclusive partnership through at least August 2028, adding multi-year visibility to that distribution channel.
ROOT's Mixed Near-Term Signal Meets Strong Style ScoresThe near-term picture remains mixed. Root is protecting underwriting returns and expanding distribution, but direct-channel competition, higher loss costs and planned second-half investment could limit growth and margin expansion before the pricing model has a larger effect in 2027.
The Zacks Consensus Estimate for 2026 EPS represents an increase while that for 2027 represents a year-over-year decrease.
Image Source: Zacks Investment Research
ROOT currently carries a Zacks Rank #3 (Hold). It also has a Value Score of A, Growth Score of A, Momentum Score of A and VGM Score of A.
Those Style Scores indicate favorable characteristics across the major investing styles, but they are designed to complement the Zacks Rank rather than serve as standalone signals.
Stocks to ConsiderMercury General (MCY - Free Report) , Heritage Insurance (HRTG - Free Report) and American Integrity Insurance Group, Inc. (AII - Free Report) are some top-ranked stocks from the Zacks Property and Casualty Insurance industry. All three stocks currently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for 2026 and 2027 earnings of Mercury General, Heritage Insurance and American Integrity witnessed northbound movement in the last 30 days. In terms of share price movement, Mercury General, Heritage Insurance and American Integrity lost 6.8%, 1.1% and 1.6%, respectively, in the past month.
ROOT zlepšil kombinovaný ukazatel na 91,7 % a upravená EBITDA vzrostla na 100,6 mil. USD, ale hrubé předepsané pojistné kleslo o 3,7 % kvůli omezení akvizic.
Key Takeaways ROOT's net combined ratio improved to 91.7%, while adjusted EBITDA rose to $100.6 million.Gross written premium fell 3.7% as Root cut customer acquisition that missed return thresholds.Root's partnerships and independent agents accounted for 51% of second-quarter new writings. Root, Inc. (ROOT - Free Report) is showing better insurance economics even as its premium growth cools. First-half underwriting metrics improved, and lower reinsurance cessions allowed the company to retain more premium.
The trade-off is that Root is prioritizing target returns over volume as direct auto competition intensifies. Rising claims severity and planned second-half spending make the next phase of profitable growth more demanding.
ROOT's Underwriting Gains Support the Bull CaseRoot's first-half 2026 net combined ratio improved to 91.7% from 95.4% a year earlier, while the net loss and loss adjustment expense ratio improved to 64.1% from 65.1%. Adjusted EBITDA rose to $100.6 million from $69.5 million.
Reinsurance is adding another benefit. Root ceded about 1.5% of gross premiums earned in the first half, down from 5.8% a year earlier. Management also plans to launch its next predictive pricing model in the fourth quarter of 2026, with a larger impact expected in 2027.
Slower Premium Growth Tests ROOT's Expansion StoryGross written premium declined 3.7% in the first half of 2026 as Root reduced customer acquisition that failed to meet its return thresholds. Direct performance marketing spending fell $35.4 million year over year during the period.
Policies in force still increased 6.2% year over year to 483,921 at second-quarter end, but management expects the 2026 year-end count to be relatively flat if current competition persists. Premiums per policy also fell to $1,479 from $1,616 a year earlier, while the first-half gross accident-period loss ratio rose to 59.7% from 56%.
ROOT's Valuation Sits Near Its Five-Year MedianROOT trades at a trailing 12-month price-to-tangible-book ratio of 2.58, matching its five-year median. That leaves less room for a valuation-based argument that the shares are unusually depressed relative to their own history.
The stock has fallen 51.6% in the past year, yet its current multiple remains at that historical midpoint. Investors therefore have more reason to focus on earnings execution, underwriting durability and the pace of renewed premium growth than on simple multiple normalization.
New Channels Could Broaden ROOT's Growth BasePartnerships and independent agents represented about 51% of second-quarter new writings, up from about 44% a year earlier. Root was active in 37 auto insurance markets as of August 2026, covering more than 80% of the U.S. population, and is targeting a near-national footprint by the end of 2027.
ROOT's Strong Style Scores Meet a Hold SignalROOT's setup remains balanced. Better underwriting, broader distribution and favorable estimate revisions support the case, while slower premium growth, higher loss costs and normalized expenses limit the near-term argument for aggressive expansion.
The Zacks Consensus Estimate for 2026 has risen 36% in the last 30 days.
Image Source: Zacks Investment Research
ROOT currently carries a Zacks Rank #3 (Hold). ROOT also has a Value Score of A, Growth Score of A, Momentum Score of A and VGM Score of A. Those grades indicate favorable characteristics across the four style measures, but Style Scores are designed to complement the Zacks Rank and are most compelling alongside a #1 (Strong Buy) or #2 (Buy) rank.
Stocks to ConsiderMercury General (MCY - Free Report) , Heritage Insurance (HRTG - Free Report) and American Integrity Insurance Group, Inc. (AII - Free Report) are some top-ranked stocks from the Zacks Property and Casualty Insurance industry. All three stocks currently sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for 2026 and 2027 earnings of Mercury General, Heritage Insurance and American Integrity witnessed northbound movement in the last 30 days. In terms of share price movement, Mercury General, Heritage Insurance and American Integrity lost 6.8%, 1.1% and 1.6%, respectively, in the past month.
Root prodloužila exkluzivní partnerství s Carvana v oblasti zabudovaného pojištění minimálně do srpna 2028. Dohoda podporuje růst mimo Direct, ale závisí na objemech Carvana a míře uzavírání pojistek.
Key Takeaways Root extends its exclusive Carvana embedded insurance partnership through at least August 2028.Partnerships and independent agents made up about 51% of Root's new writings in Q2 2026.Root's policy growth still depends on Carvana retail volumes, attachment rates and competitive pricing. Root, Inc. (ROOT - Free Report) extended its exclusive embedded insurance partnership with Carvana through at least August 2028, preserving a distribution relationship that reaches customers during the vehicle-purchase process. The longer term gives Root more visibility into a channel that supports its push beyond Direct acquisition.
The extension matters as Root broadens partnerships and independent-agent distribution while the Direct channel faces heavier marketing and pricing competition. The agreement improves access, but policy growth still depends on how effectively that access converts into insured customers.
ROOT Locks In Carvana Distribution Through 2028The renewed agreement keeps Root’s insurance products integrated into Carvana’s vehicle-purchase experience and maintains exclusivity through at least August 2028. That preserves Root’s access to Carvana’s national used-car buyer base at the point of sale.
Carvana operates a large online used-vehicle platform with nationally pooled inventory. For Root, that customer flow creates a recurring opportunity to present insurance inside an existing purchase journey rather than relying only on a separate insurance search.
Carvana Helps ROOT Reduce Direct-Channel DependenceRoot has already shifted more new business toward partnerships and independent agents. Those channels represented about 51% of new writings in the second quarter of 2026, up from about 44% a year earlier.
That diversification is relevant because Root reduced Direct performance marketing as competitors increased spending and lowered prices.
ROOT's Embedded Model Could Improve Acquisition EfficiencyRoot’s embedded model allows customers to purchase and bind coverage within a partner experience without visiting a Root website. The Carvana relationship therefore places the insurance offer closer to the underlying vehicle transaction.
That setup could support policy growth and more efficient customer acquisition if the economics meet Root’s target returns. The company has shown a willingness to pull back on less attractive Direct spending, making partner channels more important to its broader distribution mix.
ROOT Still Depends on Carvana Volumes and Attachment RatesThe extension secures distribution access, but it does not guarantee premium growth. Root’s results from the partnership remain dependent on Carvana’s retail unit volumes and the rate at which vehicle buyers attach Root coverage.
The wider operating backdrop also matters. Policies in force rose 6.2% year over year to 483,921 at the end of the second quarter, but management expects year-end 2026 policies in force to be relatively flat if current competition persists.
ROOT's Hold Signal Balances Strong Style ScoresThe Carvana extension strengthens Root’s embedded distribution visibility and supports its effort to diversify customer acquisition. Still, conversion, competitive pricing and claims trends remain important variables in determining how much that access contributes to growth and profitability.
The Zacks Consensus Estimate for 2026 EPS represents an increase while that for 2027 represents a year-over-year decrease.
Image Source: Zacks Investment Research
ROOT currently carries a Zacks Rank #3 (Hold), while its Value Score, Growth Score, Momentum Score and VGM Score are all A. The Style Scores point to favorable value, growth and momentum characteristics, but they are designed to complement the Zacks Rank rather than replace it. The #3 Rank therefore remains important short-term context as investors track whether broader distribution translates into sustained policy growth and efficient acquisition.
Stocks to ConsiderMercury General (MCY - Free Report) , Heritage Insurance (HRTG - Free Report) and American Integrity Insurance Group, Inc. (AII - Free Report) are some top-ranked stocks from the Zacks Property and Casualty Insurance industry. All three stocks currently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for 2026 and 2027 earnings of Mercury General , Heritage Insurance and American Integrity witnessed northbound movement in the last 30 days. In terms of share price movement, Mercury General, Heritage Insurance and American Integrity have lost 6.8%, 1.1% and 1.6%, respectively, in the past month.
ROOT zvýšil podíl nových pojistek z partnerství a od agentů na 51 % ve 2. čtvrtletí z 44 % před rokem. Čistá pojistně-technická marže vzrostla na 7,9 % a combined ratio se zlepšil na 92,1 %.
Key Takeaways ROOT's partnership and agent channels accounted for 51% of new writings in Q2, up from 44%Carvana, Jerry and Experian partnerships expand ROOT's access to high-intent digital customers.ROOT's net underwriting margin rose 310 bps to 7.9%, while its combined ratio improved to 92.1%. Root Inc. (ROOT - Free Report) is increasingly using partnerships to diversify its distribution and support long-term profitable growth. In the second quarter of 2026, partnership and independent-agent channels accounted for approximately 51% of new writings, up from 44% a year earlier. However, acquisition expenses also rose year over year, making cost efficiency a key to profitable partnership growth.
ROOT has built partnerships across automotive and financial services. Its Carvana integration has generated more than 200,000 policies, while newer relationships with Jerry and Experian provide access to customers through high-intent digital platforms. ROOT also lists partnerships with Hyundai Capital America and Toyota.
These relationships could become increasingly important to ROOT's economics. Embedded distribution allows customers to buy insurance within platforms where they are already shopping, potentially reducing acquisition friction and improving efficiency. Independent-agent partnerships further expand ROOT's reach without requiring the company to rely solely on its direct channel.
The benefit grows as ROOT's underwriting improves. Its net underwriting margin rose 310 bps year over year to 7.9% in the second quarter of 2026, while the net combined ratio improved to 92.1%.
If the company can continue expanding its partnership channels while maintaining disciplined pricing and risk selection, a growing policy base could generate attractive underwriting economics. Over time, the ability to scale partnership-driven growth while improving acquisition-cost efficiency could make partnerships an important driver of ROOT’s long-term earnings growth.
What About Its Peers?The Progressive Corporation (PGR - Free Report) continues to strengthen its distribution through independent agents and strategic partnerships. Its integrations with automotive platforms allow customers to access auto insurance during the vehicle-buying process, helping Progressive reach them at key points in their purchasing journey.
Lemonade, Inc. (LMND - Free Report) is also expanding its digital distribution through technology partnerships. Its API enables third-party platforms to integrate insurance quoting, policy issuance and payments, allowing Lemonade to reach customers directly through digital channels.
ROOT’s Price PerformanceShares of ROOT have increased 23.2% over the past six months compared with the industry’s 4.3% growth.
Image Source: Zacks Investment Research
ROOT’s ValuationThe stock is currently trading at a price-to-book multiple of 2.93, higher than the industry average of 1.52X. Yet, it carries a Value Score of A.
Image Source: Zacks Investment Research
Earnings Sentiment for ROOTThe Zacks Consensus Estimate for 2026 earnings per share (EPS) indicates a year-over-year improvement of 89%, while the estimate for 2027 indicates a 40.4% year-over-year decline. ROOT has a Growth Score of A.
The consensus estimate for 2026 and 2027 earnings has witnessed no movement in the last 30 days.
Image Source: Zacks Investment Research
ROOT stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Root a Carvana prodloužily exkluzivní embedded pojišťovací partnerství minimálně do srpna 2028. Společný produkt od roku 2022 překonal 200 000 prodaných pojistek.
COLUMBUS, Ohio, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, today announced the extension of its exclusive embedded partnership with Carvana (NYSE: CVNA).
Root and Carvana launched Carvana Insurance Built with Root, their inaugural embedded insurance product, in 2022, creating an industry-first seamless, fully integrated experience that brings personalized insurance directly into the car-buying journey.
The result redefined the purchase experience for customers, creating a simpler, faster, more intuitive way to buy both a car and insurance. In less than four years, the partnership surpassed 200,000 policies sold. Carvana Insurance Built with Root combines Carvana’s leading customer experience with Root’s world-class data science platform. Together, the companies created an industry-first, 3-click insurance purchase at the point of sale that removes friction from a traditionally complex process.
“The program results, paired with this renewal, demonstrate the power of giving customers exactly what they want: easy, simple insurance—something this program uniquely delivers,” said Alex Timm, Founder & CEO of Root Insurance. “We’re so excited about what this means for today’s car shoppers and how they can finally have a delightful purchase experience.”
This agreement extends the partnership to at least August 2028. As both companies continue to innovate across the automotive and insurance landscapes, this partnership stands as a bold example of how deeply aligned, technology-enabled collaborations can redefine customer experiences.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. The Root app has reached more than 18 million downloads and has analyzed more than 37 billion miles of driving data to deliver personalized, easy, and fair pricing. For more information, visit root.com.
Root Insurance Company and Root Property & Casualty Insurance Company are headquartered in Columbus, Ohio, with renters insurance available through Root Insurance Company in Arkansas, Georgia, Kentucky, Missouri, Nevada, New Mexico, Ohio, Tennessee, and Utah. Root Insurance is active in 37 markets for auto insurance: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wisconsin. Business is underwritten by Root Insurance Company and/or Root Property & Casualty Insurance Company depending on the market. In Texas, we also write business as a Managing General Agent, underwritten by Redpoint County Mutual Insurance Company. Carvana Insurance built with Root is exclusively offered, subject to limited exceptions, in the states where Root writes insurance, except New Jersey.
Root. Inc, Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results, including our ability to maintain, and drive a significant long-term competitive advantage through, our partnership with Carvana. Statements such as “guidance”, “expect”, “anticipate”, “strong”, “believe”, “intend”, “goal”, “objective”, “target”, “position”, “potential”, “will”, “may”, “would”, “should”, “can”, “deliver”, “accelerate”, “enable”, “estimate”, “projects”, “outlook”, “opportunity”, “expansion”, “creation” or similar words, as well as specific projections of future events or results qualify as forward-looking statements.. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations, or by contacting Root's Investor Relations office.
COLUMBUS, Ohio, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, today announced new rates that will reduce auto insurance premiums for Florida customers by 15% on average, with some policyholders seeing even more significant decreases.
Root has proudly served Florida drivers since 2022 and today serves more than 52,000 policyholders in the state, with nearly all indicated to see lower premiums as a result of the rate reductions. Eligible customers are expected to save about $400 per year on average, representing approximately $21 million in annualized savings.
Thanks to historic legislative reforms enacted in 2022 and 2023, Florida drivers are now seeing a more stable market and tangible benefits through lower insurance rates. Root’s 15% base rate reduction is a reflection of this progress. These reforms, spearheaded by Florida’s Governor, the Office of Insurance Regulation, and the Florida Legislature, address litigation-related costs that have historically contributed to higher insurance premiums. As costs decline, insurers can more accurately project future claims expenses and price coverage accordingly, creating opportunities to pass those savings on to consumers.
“We’re excited to reduce base rates by 15% for Florida customers and put money back in the hands of drivers,” said Alex Timm, Founder and CEO of Root. “Florida’s insurance market continues to improve as costs continue to decline under the reforms, and Root’s ability to accurately price risk allows us to reflect those improvements in what our customers pay.”
Root was built on the belief that car insurance should be priced more accurately and fairly based on individual risk. As Florida’s reforms help reduce costs and bring greater predictability to the insurance market, Root can translate those improvements into more competitive rates for safe drivers. Root remains focused on delivering value to Florida consumers through precise pricing, disciplined underwriting, and a continued commitment to rewarding safe driving.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. The Root app has reached more than 18 million downloads and has analyzed more than 37 billion miles of driving data to deliver personalized, easy, and fair pricing. For more information, visit root.com.
Root. Inc, Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results and the success of our business in Florida. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates, and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties, and assumptions that we cannot predict. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations, or by contacting Root's Investor Relations office.
COLUMBUS, Ohio, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced financial results for the second quarter. Root’s second quarter financial results and management commentary can be found in the shareholder letter posted to the company’s investor relations website. An updated version of the company’s investor presentation will also be available. Both can be found on ir.joinroot.com.
Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations today, Wednesday, August 5, 2026 at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the News & Events section of Root’s Investor Relations website at ir.joinroot.com.
Webcast and Conference Call Details:
A replay of the webcast will be made available for on-demand viewing after the call on the Events page of the company’s website at
ir.joinroot.com.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached more than 17 million downloads and has analyzed over 37 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
COLUMBUS, Ohio, July 22, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, today announced the launch of its mobile-first, behavior-based car insurance in New Jersey, marking its 37th state. This expansion allows Root to reach over 80% of the U.S. population as the company advances toward its goal of providing nationwide coverage in the contiguous U.S. by 2027.
By leveraging advanced mobile telematics, Root eliminates traditional friction in the insurance buying journey and rewards safe drivers in New Jersey. With more than 6.6 million eligible drivers in the state, motorists have the potential to save up to $1,300 annually.*
Expanded Footprint: Root Insurance is now available in 37 U.S. states, collectively representing over 80% of the total U.S. population.Behavior-Based Pricing: Rates are calculated primarily on actual driving performance, such as focused driving, smooth braking, and gentle turns.Significant Consumer Savings: Safe drivers in New Jersey can unlock potential annual savings of up to $1,300.*Seamless Digital Experience: Driver onboarding, customized coverage selection, policy management, and claims routing are handled entirely through Root’s mobile application. "Expanding to New Jersey is a massive milestone in our state expansion strategy as we accelerate toward our goal of coverage in the contiguous U.S. by 2027," said Alex Timm, Founder and CEO of Root. "By entering the Garden State, we're expanding our reach to a market historically characterized by limited consumer choice. Our ability to scale our behavioral pricing model demonstrates the efficiency of our technology and positions us to capture more market share."
How Root Insurance Works for New Jersey Drivers
Download and Onboarding: Drivers download the Root mobile app and sign up in minutes via the app or at joinroot.com.The Test Drive: The smartphone's sensors automatically measure real-time driving behaviors, analyzing individual risk signals to inform pricing.Personalized Quote: Safe driving habits are rewarded with lower rates, customizable coverage options, and a completely digital policy management experience.
Frequently Asked Questions
Is Root Insurance available in New Jersey?
Yes. Root offers its behavior-based auto insurance to drivers across New Jersey, bringing its availability to 37 U.S. states. To see where Root is available nationwide, visit joinroot.com/availability.
How does Root Insurance determine rates for New Jersey drivers?
Root uses data science and mobile technology to measure actual driving behavior. Rates are personalized based on driving performance metrics, including focused driving, smooth braking, and gentle turning habits.
How much can you save with Root Insurance in New Jersey?
Safe drivers who switch to Root Insurance can save up to $1,300 annually, depending on their test-drive results and chosen coverage levels.*
*Potential annual savings based on survey of actual customers who purchased a new Root policy between February 2025 - February 2026 and reported savings; changes in coverage levels not evaluated. Potential savings will vary.
About Root, Inc.
Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. Root is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. The Root mobile app has reached more than 17 million downloads and has analyzed more than 36 billion miles of driving data to deliver fair, telematics-based pricing.
For more information, visit root.com.
Root is headquartered in Columbus, Ohio, and offers auto insurance to drivers in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, New Jersey, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wisconsin. Root Insurance also offers renters insurance in Arkansas, Georgia, Kentucky, Missouri, Nevada, New Mexico, Ohio, Tennessee, and Utah. Auto insurance is underwritten by Root Property & Casualty in New Jersey.
Root Inc, Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results, the success of our business in New Jersey, and our ability to complete our expansion into the contiguous U.S. by year-end 2027. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates, and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties, and assumptions that we cannot predict. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations, or by contacting Root's Investor Relations office.
Root a Jerry spustily partnerství, které umožní zákazníkům v aplikaci Jerry získat a uzavřít autopojištění Root během několika minut. Integrace nabízí personalizované ceny a plně zabudovaný nákup bez opuštění aplikace.
COLUMBUS, Ohio, July 08, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, and Jerry, the innovative insurance and car care platform, today announced a strategic partnership that embeds Root's data-driven car insurance experience directly into Jerry's app.
The partnership represents another milestone in Root’s embedded insurance distribution strategy by bringing personalized pricing and a streamlined digital purchasing experience directly into Jerry’s high-intent marketplace. By integrating into partner ecosystems where consumers are already shopping and making important financial and automotive decisions, Root is expanding access to its differentiated insurance offering while creating a more seamless experience for customers.
Through this digital-first collaboration:
Real-Time Quotes: Jerry customers receive car insurance quotes from Root directly within the Jerry app experience.Quote-to-Bind in Minutes: Customers can seamlessly complete their profile, review personalized options, and bind a Root policy directly within the Jerry app interface. “Our partnership with Jerry is another strong example of how we’re expanding our embedded technology capabilities to partners serving high-intent customers, enabling them to deliver personalized pricing and a modern insurance experience directly within their own platforms,” said Jason Shapiro, Senior Vice President of Business Development at Root. “We’ve removed traditional roadblocks to make affordable coverage available with the speed and ease consumers expect from their digital experiences, right when they’re ready to make a decision.”
Jerry operates a digital insurance and car care platform that lets users compare, buy, and service car, home, renters, and motorcycle insurance policies directly within the app, with licensed agents available seven days a week. Jerry supports customers throughout the insurance lifecycle by securely storing policy documents, facilitating coverage changes, and monitoring renewal rates in-app. Beyond insurance, Jerry simplifies car ownership with maintenance reminders, recall alerts, repair cost comparisons, and driver safety insights.
"Jerry's mission is to simplify ownership of people’s most important assets – including car, home, motorcycle. Our customers come to us to shop insurance coverage without the hassle of long forms or spam calls," said John Spottiswood, Chief Operating Officer at Jerry. "Root gives drivers a strong, fairly priced option they can sign up for in minutes. We look forward to continuing to expand our partnership and making this experience available to even more customers in the near future."
While traditional insurance shopping can be fragmented and time consuming, this partnership offers a modern alternative built for how consumers shop today. Through Jerry’s trusted, top-rated marketplace and Root’s proprietary, data-backed pricing and underwriting technology, the companies have created a simplified, highly intuitive experience that demonstrates how deep technical alignment can transform insurance distribution to better meet the expectations of today’s digital consumers.
Frequently Asked Questions (FAQ)
Where is Root insurance available through the Jerry app today?
Root auto insurance is available via the Jerry app in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, and Wisconsin.
Can I buy a Root car insurance policy directly inside the Jerry app?
Yes. The partnership features a fully embedded, end-to-end integration. Jerry customers can receive real-time Root quotes, customize their coverage limits, and fully bind and purchase their policy without ever leaving the Jerry app.
How long does it take to get a Root quote and bind coverage on Jerry?
The digital-first integration removes traditional paperwork and friction. By utilizing existing profile data, eligible drivers can go from an initial rate quote to a bound, active Root policy in just minutes.
How does the Root partnership benefit Jerry customers?
Embedded Convenience: No redirects or external forms; the entire process happens in-app.Dual-App Policy Management: Access your digital insurance cards, view coverage details, and set up payment reminders across both the Root and Jerry apps. Drivers can effortlessly update their coverage and manage payments directly from their phones.24/7 Support: Access to licensed Jerry insurance agents seven days a week. About Root
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached nearly 18 million downloads and has analyzed close to 37 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
For more information, visit root.com.
About Jerry
Jerry is a licensed insurance agency in all 50 states and Washington, D.C. that helps customers buy and manage their insurance and car care needs, making car and home ownership easier and more affordable. Its data-driven marketplace lets customers compare quotes from 100+ insurers and buy, bundle, and service their car, home, motorcycle, and renters policies directly in the app. Jerry also offers car care services spanning maintenance, repairs, recalls, and driver safety. And while Jerry is digital-first, a team of licensed agents is available seven days a week.
Media inquiries: [email protected] opportunities: Partnership form Forward Looking Statements:
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com, or by contacting Root's Investor Relations office.
