In the markets for new and used cars, costs are up and discounts are down. On the recent Black Friday, discounts were at record lows. Today, the average price of a new car is $40,000 and a used one is $25,000. At the same time,...
Buckle, an insurance and credit company specifically for the gig economy, has expanded its rideshare and delivery auto insurance to U.S. drivers of Uber, Lyft, Instacart, Amazon Flex, Uber Eats, Grubhub and Favor, according to a Wednesday (Dec. 15) press release. “One of the fastest...
Insurance tech firm Trellis will offer financial technology companies a new way for users to compare and purchase auto insurance, according to a Tuesday (Dec. 14) press release. The company says it enables many businesses — and especially consumer FinTech applications — through its Savvy...
COVID-19 deaths triggered a surge in death benefit payouts by life insurance companies in 2020, increasing by more than 15% over the previous year, according to a Thursday (Dec. 9) Wall Street Journal report. The death payout uptick was the highest year over year since...
For many millions of drivers, a car is simply a conveyance. Enthusiasts, however, are a breed apart. We’re talking people who live and breathe collectible autos. For this group, merely insuring beloved and precious wheels doesn’t cut it. They long to be in the collectible...
Insurance providers are all about managing risk. In this month’s edition of the PYMNTS Provider Rankings of Insurance Apps, the leaders are managing risk by sitting right where they were last month. A little further down in the rankings, though, there has been some movement since last time. No new apps...
It’s a common question heard when buying “big-ticket” durable goods: “Would you like a product protection plan for that?” Whether at a traditional cash register, on a website or via a pamphlet mailed or emailed after the fact, it’s a question shoppers have come to...
After the recent launch of Lemonade car insurance, AI-powered insurance company Lemonade has announced its first-ever acquisition, purchasing the online insurance platform and pay-per-mile vehicle insurer Metromile in an all-stock deal aimed at boosting its auto insurance business. Related news: Lemonade Launches Car Insurance Platform...
Artificial intelligence (AI)-powered insurance company Lemonade on Wednesday (Nov. 3) launched Lemonade Car, an initiative rooted in social good that brings a tech-first approach to the crowded category, in the state of Illinois. The company also plans to offer it across the U.S. in the...