COLCHESTER, Vt. — DealerPolicy Inc. announced its expansion into the Rhode Island, citing “tremendous growth” as the insurance solution provider adds states and dealers in an effort to expand operations nationwide through 2020.

DealerPolicy helps automotive retailers increase profits and dramatically improve the auto insurance buying process for customers. Its platform uses data and technology to provide consumers with their choice of insurance carriers and access to licensed insurance agents. To date, the company has helped automotive retailers generate over $10 million in additional buying power for their customers while providing dealers with a new source of recurring income, according to CEO Travis Fitzgerald.

“Rhode Island dealers and customers have urged us to bring automotive retail’s first all-inclusive insurance platform to their state. We’re thrilled to fulfill their request,” Fitzgerald said. “We are excited to continue our expansion to serve dealers by increasing the buying power of dealers’ customers by thousands of dollars and providing dealers with a new recurring income opportunity they can only get from DealerPolicy. That’s especially valuable in the current environment of increasingly compressed dealer margins.”