Carvana extends exclusive Root insurance deal to 2028

Carvana extended its exclusive embedded insurance partnership with Root through at least August 2028. The renewal keeps Root insurance products integrated directly into Carvana's vehicle checkout flow, giving car buyers the option to purchase and bind coverage at the point of sale.

The partnership allows used-vehicle buyers to secure insurance inside the purchase journey without leaving to visit a separate insurer website. For the distribution model, results continue to depend on Carvana retail unit sales and the attach rate of car buyers choosing that coverage.

Partnerships and independent agents generated about 51% of Root new writings in the second quarter of 2026, up from about 44% a year earlier. Total policies in force across the insurer reached 483,921 at the end of the second quarter, representing a 6.2% increase year over year, though management expects year-end 2026 policies in force to remain relatively flat if competitive pressures persist.