Jerry

Alumni Q&A

How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)

The three founders previously worked together at YourMechanic, a mobile automotive repair and maintenance service, and drew on that experience plus their own frustrations with car ownership to start the company. They launched with a car insurance compare-and-buy service and have since helped over 3 million customers shop for insurance, later expanding into auto refinancing and safe driving features.

What is the core problem you are solving? Why is this a big problem? What made you decide to work on it?

The founders target the cost and complexity of car ownership, the second largest U.S. household expense, starting with insurance shopping. Their insurance marketplace lets owners compare more than 55 U.S. insurers in 45 seconds and saves customers an average of over $800 per year, while their refinancing marketplace cuts a typical 19-day process to under 48 hours.

What is your long-term vision? If you truly succeed, what will be different about the world?

The founders aim to build a car ownership app covering drivers' major vehicle-related expenses, currently through insurance and refinancing marketplaces and a Drive Well, Earn Perks rewards program, with plans to add services such as maintenance and parking.