Root car insurance, a venture-backed startup based in Ohio, offer customers usage-based insurance (UBI), also known as pay how you drive (PHYD). Drawing on today’s hyper-connected environment, Root logs data from an app installed on a potential customer’s smartphone to monitor their driving behaviour and habits. An algorithm is then used to find and reward good drivers with the best rates. Continue reading “Owners of Teslas Equipped With Autopilot Are Eligible for a Discount From Root Car Insurance [Updated]”