Getaround announced a new innovative alliance with TransUnion to integrate TransUnion?s TruVision Traditional Auto Insurance Score for better risk assessment to both reward good drivers and improve the economics of the Getaround marketplace. The innovation is a significant enhancement to the recently announced Getaround TrustScore, a proprietary, next-generation artificial intelligence (AI) model. TruVision Traditional Auto Insurance Score data enables TrustScore to make more precise predictions of guest driving behavior, thus helping Getaround increase the proportion of highly-rated drivers in its marketplace.

Once integrated and optimized, Getaround will be able to provide discounts and other incentives to guests who have high TrustScores. With this new feature in the TrustScore model, Getaround amplifies all existing benefits of Getaround TrustScore to guests and hosts, providing additional information to inform pricing for a carsharing trip on the Getaround platform, while also reducing the risk of accidents and insurance claims. With Getaround TrustScore, the Company anticipates insurance and claims costs may be reduced by up to 50% using the next-generation AI system. Booking a car may seem stressful, but it doesn?t have to be.

Getaround and its patented Connect® technology provide 24/7 access to vehicles you can rent from other car owners conveniently located around the corner from your current location. Connect® enables users to unlock the car via the Getaround app without having to wait in line or arrange an in-person key exchange. Individuals can instantly book the vehicle for any span of time, from one hour to weeks, perfect for local trips including going to the grocery store, attending a meeting, or longer getaways.

Privately owned cars are typically parked 95% of the time and are only used roughly six hours per week. For the remaining 162 hours of the week, most cars stay parked and idle. Peer-to-peer carsharing platforms like Getaround help ease traffic in cities: Studies show that, on average, one carsharing vehicle replaces nine to 13 vehicles on the road.