Fairmatic is the world’s first auto insurance that reprices rates every month based on how safely people drive, so businesses get premiums that are more fair, automatically. It’s a fundamental change to how insurance is priced, and as of today, it’s open to applications from all brokers across the United States.
Fairmatic is the first and only performance-priced auto insurance, which means that a driver’s safety is directly tied to the premiums they pay every month. Because more than 90% of collisions are caused by human errors, a driver’s safety behavior is critical to understanding their risk. When Fairmatic measures risky behaviors like distracted driving, excessive speeding, aggressive acceleration, and hard braking, it can better predict which drivers will be a higher risk. By better understanding risks, Fairmatic can price insurance in a way that’s radically more fair.