SALT LAKE CITY, August 8, 2024 – We are thrilled to announce the official launch of Good Driver Mutuality (GDM), an innovative, mutual aid-based approach that offers an alternative to traditional automotive comprehensive and collision insurance. GDM is designed to help good drivers save money while providing an opportunity for referrers to earn money.
Why GDM?
Traditional insurance models are structured in a way that good drivers — those who do not have accidents — end up paying monthly premiums without receiving any direct benefits in return. Statistics show that only 6% of drivers have claimable accidents, while an overwhelming 94% do not. This means the majority of drivers are contributing to a system without reaping its rewards.
GDM aims to revolutionize this outdated model. GDM’s approach allows members to join by paying a small service fee. The rest of each member’s quote is allocated exclusively for actual accident costs. Members who report accidents must pay the remaining balance of their quote before receiving contributions from other members. Conversely, members without accidents get to keep all leftover funds at the end of the term as their savings. This model ensures that good drivers can benefit directly from their safe driving habits.
How It Works
- Join and Pay a Service Fee: Members join GDM and get a free quote in minutes
- Weekly sharing: Each week members share the total accidental costs in the community
- Savings: All unused funds at the end of the term are member’s savings
- Refer: Members earn a 10% cash reward on each referral and have an opportunity to grow a team of affiliate leaders
Venture-Backed and Growing
GDM is proud to be a venture-backed Series C company, providing a strong foundation for growth and innovation. We are actively seeking sales leaders to join our affiliate program, offering a lucrative opportunity to earn while promoting a groundbreaking service.
Affiliate Program
Our affiliate program is designed to reward those who refer new members to GDM. Referrers earn a 10% cash reward for every new member they bring in. Additionally, affiliates have the chance to build a team, further enhancing their earnings potential. This creates a mutually beneficial system where both the new member and the referrer gain financial benefits.
Join Us Today
We invite you to join us in disrupting the insurance industry. By becoming a member of GDM, you are not only helping to disrupt a broken industry, but also contributing to a community of safe drivers. If you are interested in learning more about GDM or joining our affiliate program, please reach out to our sales team at sales@gooddriver.ai.
GDM is here to make sure that good drivers are recognized and rewarded for their safe driving habits, paving the way for a future where GDM is fair and beneficial for all.
Join Good Driver Mutuality today and be part of the change.
Sources:
https://www.iii.org/fact-statistic/facts-statistics-auto-insurance
https://www.consumeraffairs.com/insurance/car-insurance-claims-statistics.html
Source: Good Driver Mutuality