Marital Status and Occupation Have Significant Correlation to Reported Traffic Violations, Shows EverQuote Research

Findings Drawn from Study of Three Million Auto Insurance Quote
Requests

CAMBRIDGE, Mass.–(BUSINESS WIRE)–EverQuote
Inc., operator of the leading online auto insurance marketplace in
the U.S., today released findings showing that marital status and
occupation have significant correlation to the number of traffic
violations drivers report when requesting auto insurance quotes online.

For the study, EverQuote analyzed three million auto insurance quote
requests over an 18-month period to determine whether there are risk
factors based on personal lifestyle.

“There are many factors that determine how much drivers pay for car
insurance, and there isn’t always clarity for the consumer into what
moves their premium up or down. This study really only just begins to
scratch the surface of many of the variables involved in providing auto
insurance quotes,” said Andrew Ressler, EVP Consumer Products at
EverQuote. “With new car purchases up and gas rates low, there is a lot
of movement in the auto insurance ecosystem. It’s an exciting time, and
we hope these insights get people on all sides talking.”

Why does my marital status matter?

“Why did my insurance rate increase? It’s not like I changed my driving
habits the day I got divorced.” That’s a frequently heard statement from
drivers of all ages. The truth of the matter is that auto insurance
companies calculate risks based on large pools of people with similar
characteristics – and from there derive the insurance premiums necessary
to provide great coverage while remaining profitable.

Analyzing self-reported violations of drivers, EverQuote broke down the
results by age across three categories – single, married or divorced.

As the data shows, regardless of the age of a driver, there is a
consistent difference between their average violation counts. For nearly
every age group, divorcees have the highest average number of violations
per 100 drivers.

Why does occupation matter?

Using the same process of analyzing self-reported violations of drivers,
EverQuote looked at the relationship between occupation and number of
violations. The chart below shows the average number of violations
reported per 100 drivers for that occupation. In other words, for every
100 drivers that are retail professionals, there are an average 6.7
violations.

“It’s very clear that there are strong correlations between one’s
occupation and how often they may be cited for driving violations,” said
Ressler. “Some carriers may offer discounts to those who hold certain
engineering, science, or other degrees, so what you do for work can be
an important ingredient in setting your premium rates. The fact is,
however, different insurance carriers calculate risk differently, and we
do not know for sure how these factors are considered in setting
individual premiums.”

About EverQuote
Started in 2011, EverQuote, Inc. operates
the leading online auto insurance marketplace in the U.S. Our data &
technology platform unites drivers with agents and carriers to deliver
great rates and coverage while maximizing policies sold for auto
insurance providers. 90 of our 140 employees are data scientists or
engineers. EverQuote ranks No. 70 on the Inc. 500 fastest growing
private companies and is one of the highest-growth companies in Boston
history. The company was founded with the vision of applying a
scientific, data-driven approach to help consumers find the best price
and coverage for their individual insurance needs. For more information,
visit www.everquote.com.

Contacts

EverQuote, Inc.
Stuart Ganis, 310-350-1933
stuart@everquote.com
or
Ed
Harrison, 617-986-5003
everquote@famapr.com