What does Loop Insurance do?

Loop is a car insurance company based in Austin, Texas, founded in 2020 by John Henry and Carey Anne Nadeau. As a certified B-Corp and managing general agent, Loop is dedicated to providing fair and affordable auto insurance to underserved communities. The company aims to modernize the automobile insurance market by eliminating discriminatory pricing factors that affect people of color and working-class families. Loop offers a range of car insurance products, including liability, comprehensive, and collision coverage, as well as rental reimbursement and roadside assistance. The company utilizes a unique pricing model that focuses on driving behavior and location, rather than traditional factors like credit scores or income. Advanced technology, including predictive AI algorithms and telematics, supports their approach to assessing risk and ensuring competitive rates for their target customers. Loop is committed to making a positive impact in the communities it serves, having saved customers an average of $1,360 through lower premiums.