#66, On demand insurance, year-end car deals

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Welcome to another episode of The Weekly Driver Podcast, our last broadcast in 2018 and our 66th episode.

Co-hosts Bruce Aldrich and James Raia interview Ian Sweeney and Julie Blackley.

Sweeney is General Manager of Trov Mobility based in Danville, California. He explains the company’s motto:

“Insurance billed by second, day, mile, event. . . . whatever you need.”

The on-demand insurance company found that 56 percent of 2,000 respondents in a recent survey believe it’s more economical to use shared transportation than own a vehicle.

Not surprisingly Millennials, ages 22-37, (39 percent) are more likely to be willing to make the sacrifice than their Gen X, ages 38-53, (30 percent) and Boomer, ages 54-72, (15
percent) counterparts.

Men (31 percent) are slightly more likely to be willing to give up their vehicle than women (22 percent).

Blackley is an analyst for iseecars.com, the online automotive search engine and research website. She’s our second guest on this week’s episode. As she was during her first appearance, Blackley is whirlwind of automotive statistics.

This time, as she details, “the site looked at the used cars that have the most year-end deals, and also did a deeper analysis to include SUVs, pickups and discontinued/soon-to-be discontinued cars.”

To find out, iSeeCars analyzed more 2.4 million one-to five-year-old used cars sold to determine which cars are most likely to offer savings of at least 5 percent (or $1,000 on the average used car price of $20,243) during the month of December.

Blackley details that sedans are most likely to be discounted by at least 5 percent at the end of the year. Eight of the 10 vehicles on the list are a sedan, with six compact cars.

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