USAA Expanding into UBI Services

June 14, 2021
USAA plans to roll out UBI nationally over the next three years, starting with the eight states where Noblr is currently available.

June 14, 2021—USAA has plans to acquire insurtech company Noblr, the organization announced in a release. 

The acquisition will allow USAA to offer usage-based insurance to its members.

"The acquisition of Noblr, Inc. increases our competitiveness in the marketplace and adds the choice of UBI capability for our members," Wayne Peacock, USAA president and CEO, says in the release. "Members will get personalized pricing that fits their risk and usage profile, better control over the cost of their auto policies and an exceptional end-to-end digital experience."

USAA plans to rollout UBI nationally over the next three years, starting with the eight states where Noblr is currently available then expanding to additional states. USAA expects the acquisition to close later this year.

About the Author

FenderBender Staff Reporters

The FenderBender staff reporters have nearly three decades of combined journalism and collision repair experience.

Sponsored Recommendations

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...
Enhance your collision repair workflow with Autel’s IA900, a process-driven solution integrating precision alignment, bi-directional diagnostics, and ADAS calibration. Designed...
The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...
Discover how the investment in an extended-height paint booth is a game-changer for most collision shops with this Free Guide.