What Does Loop Use to Price Me?

Building Loop
Apr 1, 2021
1 min read

Instead of relying too heavily on demographic information, at Loop, we use a combination of factors to price customers.

Loop uses a cutting-edge telematics technology, open and dynamic data sources that help us develop an understanding of the safety of our roads, paired with some traditional underwriting factors such as experience behind the wheel, and moving violations records, all paired together in a streamlined mobile quoting experience.

This process allows us to price safe drivers competitively, irrespective of your socio-economic status. Our technology communicates safety insights and suggestions that we hope will empower you to drive safer roads, which leads to safer communities.

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