Car
Insurance
Plan Summary
A More Disciplined Personal Auto Insurance Model
Smart Car Insurance is being developed as a Managing General Agent (MGA) focused on a preferred-driver personal auto program. The MGA model allows Smart Car to combine disciplined underwriting, mileage-based pricing, independent-agent distribution, and targeted risk controls while partnering with established carriers and reinsurers for insurance capacity and risk support.
The program is focused on experienced, responsible drivers with clean driving records, including:
- No recent at-fault accidents
- No serious moving violations
- No DUI/DWI history
- No reckless-driving history
The approach is straightforward:
Select better risks. Control loss severity. Price for actual mileage.
What Makes Smart Car Different
- Preferred-driver underwriting based primarily on driving history
- Mileage-based pricing using actual vehicle mileage
- No credit-score underwriting
- No continuous smartphone telematics
- Defined vehicle, coverage-limit, and geographic eligibility
- Independent-agent distribution
- MGA structure designed to align underwriting, distribution, technology, and risk management
Traditional personal auto portfolios often combine drivers with very different risk profiles into the same book of business. Smart Car takes a different approach — selecting a narrower preferred-driver segment to reduce loss frequency, while separately controlling loss severity through defined policy limits, vehicle eligibility, and geographic exposure.
The Objective
Lower and more predictable loss costs.
Competitive pricing for preferred drivers.
More stable underwriting margins for insurance partners.
Smart Car Insurance is seeking relationships with fronting carriers, reinsurers, distributors, and strategic investors to support program launch.