Press
CheckMy Driver designed to make insurance & ID verification ‘a snap’
With CheckMy Driver, Modives explained that dealers can verify insurance information before test drives, handing over service loaners or during the process of purchasing or leasing a vehicle.
Charlotte, NC, July 26, 2024 — One of this year’s Emerging 8 honorees rolled out a tool designed to save more than 30 minutes per transaction at a dealership.
CheckMy Driver, built by Modives, is geared to help dealers who typically must spend 30 minutes or more verifying insurance and ID during each delivery, what company executives acknowledged as “wasting time and creating a terrible customer experience.”
Through the new user interface, the customer only must use a QR code or link, snap a picture of their ID and connect with their insurer. CheckMy Driver’s system can return usable business results, not more data and more work.
“Our new consumer experience eliminates virtually all friction from the insurance and ID verification process in auto dealerships,” Modives chief product officer Russell Barner said. “Insurance and ID verification make so much sense together, as they’re a big point of the auto transaction process.
“By combining the two, we can virtually eliminate the estimated $3.6 billion in auto lender losses last year, with 79% of auto dealers getting hit with a loss,” Barner continued.
In addition to its verification process, which can be set up in less than five minutes through its web application, CheckMy Driver can also connect with any DMS or CRM to deliver consumer information directly into those applications along with the verification results, as early as before the test drive.
Furthermore, Modives pointed out that because of the Safeguards Rule, the Federal Trade Commission could hit dealers with substantial fines if they don’t take measures to protect their customer’s personal data while checking it with carriers.
“We wanted to make a product that fixed this broken insurance verification system, leaving customers and dealers happy, saving them time, and getting rid of compliance risks,” Modives CEO Frederick Waite said. “CheckMy Driver connects insurance carriers to dealerships for verification, just like Plaid connects banking information to payment apps.”
For more information, go to https://modives.com/checkmy-driver/.
CheckMy Driver, built by Modives, is geared to help dealers who typically must spend 30 minutes or more verifying insurance and ID during each delivery, what company executives acknowledged as “wasting time and creating a terrible customer experience.”
Through the new user interface, the customer only must use a QR code or link, snap a picture of their ID and connect with their insurer. CheckMy Driver’s system can return usable business results, not more data and more work.
“Our new consumer experience eliminates virtually all friction from the insurance and ID verification process in auto dealerships,” Modives chief product officer Russell Barner said. “Insurance and ID verification make so much sense together, as they’re a big point of the auto transaction process.
“By combining the two, we can virtually eliminate the estimated $3.6 billion in auto lender losses last year, with 79% of auto dealers getting hit with a loss,” Barner continued.
In addition to its verification process, which can be set up in less than five minutes through its web application, CheckMy Driver can also connect with any DMS or CRM to deliver consumer information directly into those applications along with the verification results, as early as before the test drive.
Furthermore, Modives pointed out that because of the Safeguards Rule, the Federal Trade Commission could hit dealers with substantial fines if they don’t take measures to protect their customer’s personal data while checking it with carriers.
“We wanted to make a product that fixed this broken insurance verification system, leaving customers and dealers happy, saving them time, and getting rid of compliance risks,” Modives CEO Frederick Waite said. “CheckMy Driver connects insurance carriers to dealerships for verification, just like Plaid connects banking information to payment apps.”
For more information, go to https://modives.com/checkmy-driver/.
About Modives
Modives makes personal insurance verification simple for auto dealerships, property management and landlords. With its patent-pending platform, Modives verifies auto buyer and property renter insurance, eliminating time wasted on manual processes, creating a better customer experience.
For more information or for press inquiries, please contact MediaRelations@Modives.com or visit Modives.com.