Baby Boomers Are 2.2 Times More Likely Than Gen Z to Say Car Insurance Fails Safe Drivers, Root Report Finds
Root, Inc. (ROOT)
Company Research
Source: GlobeNewswire
COLUMBUS, Ohio, April 21, 2026 (GLOBE NEWSWIRE) -- When a safe driver with decades of accident-free driving opens a renewal bill and sees their rate unchanged or higher, that’s not an anomaly. According to a new national survey from Root (NASDAQ: ROOT), the leading technology company in car insurance, it’s consistent with respondents’ views of a pricing system that relies more on group-based factors than individual driving behavior. Root’s “The Future of Car Insurance: A Consumer Demand Report,” released today, surveyed and collected responses from 1,000 licensed U.S. drivers and found that frustration with traditional insurance pricing runs deepest among those who have the most to show for their driving record. Baby Boomers, the generation with the longest driving records, are 2.2 times more likely than Millennial and Gen Z drivers to view the current risk pooling system as unfair, according to respondents. This is an inversion of the conventional assumption that younger, higher-p
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News
- Root & Freeway Insurance Expand Integrated Coverage Options Through New PartnershipGlobeNewswire
- Root, Inc. Schedules Conference Call to Discuss First Quarter 2026 Financial ResultsGlobeNewswire
- Root Insurance and Carvana Surpass 200,000 Policies Driven by Pioneering Embedded Insurance Partnership GlobeNewswire
- Root (ROOT) had its price target lowered by Wells Fargo & Company from $70.00 to $52.00. They now have an "equal weight" rating on the stock.MarketBeat
- Root (ROOT) had its price target lowered by Keefe, Bruyette & Woods from $104.00 to $95.00. They now have an "outperform" rating on the stock.MarketBeat
ROOT
Earnings
- 2/25/26 - Beat
ROOT
Sec Filings
- 4/14/26 - Form PRE
- 4/8/26 - Form 4
- 4/7/26 - Form 144
- ROOT's page on the SEC website