Auto Insurance
topic on 3 shows · 8 statements across 6 episodes
the MAD Podcast 
the a16z Podcast 
All-In
8 statements about Auto Insurance, every show
Google earns $1 to $2 every time a user searches 'auto insurance'
“You'll be shocked to know that there are queries that have 1502 thousand dollar RPMs, which means Google makes one or two dollars every time you or I, like, a user types the word auto insurance, words auto insurance into search.”
Ramaswamy: Consumers will use AI interfaces for auto insurance in 3-5 years
“In five years, in three years, if you and I want auto insurance, we are going to go to some conversational interface.”
Friedberg: 70% of auto insurance pricing variance stems from mileage
“70% of the price difference you get in auto insurance is from the number of miles you drive and only 30% is really in this variance around behavior.”
Paulus: Cyber coverage will be most critical auto insurance for self-driving cars
“If my car drives itself, then that cyber policy is going to be the most important form of auto insurance that I have.”
Most US insurance outside of auto is sold through brokers
“Lastly, with the exception of auto, most insurance is sold via a broker.”
Navigation apps like Waze replace self-reported commute data for auto insurance
“What's the distance between your home and work? This used to be offline and self-reported. Now, Waze, Google Maps, any number of apps probably know it even better than you do.”
Rampell: Internet-connected cars like Teslas will sell personalized insurance directly
“One of the really cool things about the new cars like the Teslas that have built in, ah, three G antennas because they're internet connected, is you could actually imagine your next car selling you insurance, because all the information that you need is actual…”