Root Inc. (NASDAQ: ROOT) and Carvana Co. (NYSE: CVNA) announced their embedded insurance partnership has surpassed 200,000 policies sold. The collaboration, called Carvana Insurance Built with Root, operates in 36 states where Root offers car insurance.

Root serves as the exclusive embedded insurance provider for Carvana customers in these markets. The partnership integrates insurance directly into Carvana's car-buying platform, allowing customers to purchase coverage through a three-click process at the point of sale.

"This milestone is a strong reflection of the success and momentum of our collaboration with Carvana," said Alex Timm, founder and CEO of Root. "Our product has brought immense value to customers through an insurance solution that's presented at the exact moment it's needed."

The partnership combines Carvana's e-commerce platform with Root's data-driven insurance technology. Carvana founder and CEO Ernie Garcia said the collaboration demonstrates "what's possible when you build for the customer with a like-minded partner."

Root, founded in 2015, reports its mobile app has generated more than 17 million downloads and collected nearly 36 billion miles of driving data. The company uses this information to inform its insurance offerings.

Carvana has served more than 4 million customers since launching in 2013, offering online vehicle purchasing, selling, financing and trade-in services with delivery or pickup options.

The information is based on a joint press release from both companies.