Polly

Insurance is becoming more integrated into the vehicle buying process. @CRPres, VP, Automotive Distribution of Polly, explains how insurance platforms are reshaping the F&I experience. " You're trying to sell cars, that's challenging enough as it is. Let us handle the insurance part for you so you never have to worry about getting licensed. We handle all of that and make sure you have a fully compliant solution for your customers." Daily Dealer live hosted by @samdarc and @udemartino — listen to the full episode here: dealershipguy.com/pres-on-in… - Thank you to our partner Polly! Check them out by visiting polly.co/cardealershipguy

Wyler on Massive Acquisition, Pres on Insurance, Perrotta on Scout Threat | Daily Dealer Live teapawt.net/i/broadcasts/1mnxeNRak…

Great show planned for Daily Dealer Live: - David Wyler, President and CEO of @jeffwylerauto - @CRPres, VP, Automotive Distribution of Polly - @LauraCPerrotta, President of NJ CAR Thanks to our sponsor this week @StreamCompanies See you all soon!

Car ownership costs are still sky-high: And one of the biggest culprits is auto insurance. Premiums have surged 50% over the past three years—driven partly by insurers responding to cover surging claims and repair costs, among other things. The good news? The market appears to be stabilizing. Some experts predict a shift to flat or even lower premium increases— As of Q3 2024—insurance quotes dipped 0.4% from the previous quarter. But no matter what happens next, insurance is non-negotiable for buyers. And 13.8% of drivers shopped for insurance as of last September—a new record. This is where embedded auto insurance steps in… By integrating a digital insurance marketplace at the point of sale, dealerships make rate shopping more convenient for buyers. Customers can instantly compare multiple rates, helping them make more informed decisions about their policies. And when insurance options are available in the dealership—85% of buyers also choose to add F&I products. The results? Both consumers and dealers benefit— Customers experience a smoother, less frustrating purchase process. And dealers see an 18% increase in F&I gross—earning nearly $300 more per vehicle sold on average. As insurance costs stabilize and technology advances, embedded auto insurance could become a standard part of the buying experience. Read the full report, presented by @PollyForAll : carguymedia.com/3DVHk1b (Data source: Polly / Bureau of Labor Statistics / JD Power)