Equifax Inc. Helps Fuel DealerPolicy's Solution that Enables Car Buying for the Digital Age
January 25, 2019 at 10:00 pm IST
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Equifax Inc. announced it is joining forces with DealerPolicy to help automotive dealerships enable digital retailing through a more streamlined car buying experience that saves car buyers and automotive retailers time. DealerPolicy's innovative technology platform allows car buyers to review competitive insurance quotes and speak with a licensed insurance agent while at the car dealership or after they return home with their new car. Given the opportunity to view competing quotes from a wide array of insurance carriers, car buyers save on their monthly premium, and gain an average of $3,200 more in buying power to put toward their new vehicle purchase. The company will use Equifax's unique technology to prepopulate much of the information needed to provide insurance quotes and submit a finance application, reducing the number of form fields a customer needs to fill out to two (date of birth and zip code). Dealerships at the elite membership level also receive the DriverIQ report, with crucial customer information like credit score, income verification, and employment verification, all enabled through Equifax. DealerPolicy is continuing its national expansion plan with hundreds of dealerships across nine states. DealerPolicy is the industry's first all-inclusive insurance solution that provides car buying customers with speed, transparency, choice, and access to licensed agents for their insurance needs.
Equifax Inc. specializes in supplying information services to individuals and businesses. The group develops solutions for collecting, processing, and managing information to be used in decision-making optimization.
Equifax Inc. offers recording and analysis tools used to evaluate and interpret information about consumers and companies (credit information, demographic, declarative, and behavioral information, etc.) and for making better decisions with regard to credit risk management, fraud prevention, etc.
Net sales are distributed geographically as follows: the United States (76.7%), Australia (6%), the United Kingdom (5.1%), Canada (4.9%) and other (7.3%).