Trying to find a great insurance rate can be awfully time-consuming. Calling insurance companies and having to provide your information to each one, over and over, is no fun. It doesn’t get much better online. You simply switch out the phone for typing.
What if you could provide your information once and have someone go search for the best deal? That would certainly be a time-saver, right? With Insurify, you can save yourself a lot of time and hassle by having them find the best insurance rates for you.
Insurify is an insurance search engine. Provide your information once and they use it to search through a large number of insurance companies, looking for the best insurance that matches the information you’ve provided. In this article, we’ll go through how to use Insurify for finding great insurance rates.
- One-stop-shop for finding great insurance rates
- Buy online or work with an agent via chat or over the phone
- Completely free to use
Online Insurance Shopping Marketplace
Auto, Home, and Life
Who Is Insurify?
Insurify is an insurtech that lets people compare insurance prices from different companies. It started in 2013 as a spinoff from the MIT $100k Pitch competition and officially launched its website in 2016. Insurify has raised over $25 million in funding and has helped its customers secure over $10 billion in insurance coverage.
“Our data shows that price is more than 60% of weight in terms of decision making for any type of insurance. Car and home insurance have been commoditized. So what we are doing is to be able to educate the consumer on the differences between all of the different carriers," said Snejina Zacharia (the company's founder and CEO) in an interview with S&P Global Market Intelligence.
But Zacharia pointed out that Insurify is able to offer context even beyond pricing. "We actually have more than 100,000 reviews of customers who have been insured by these carriers so people can get the qualitative aspect of choosing the right carrier. So it's not just about the price, although that is a big factor in decision making."
What Do They Offer?
Insurify provides a searched-based, insurance quote platform and is available in all 50 states. By entering in some of your information about the type of insurance needed, Insurify will return several different insurance companies along with quotes.
Get Accurate Personalized Quotes
The quotes you see are the actual prices you’ll get, says Insurify. You can find insurance quotes for:
To get a quote on Insurify, you don’t have to enter any sensitive personal information, at least not initially. For auto insurance, you’ll need your zip code and information about your car. Insurify will start displaying projected quotes from several insurance companies.
You’ll also see the “accuracy confidence” value by each projected quote. To get a more accurate quote, you’ll have to start providing your personal information. As you provide more information, Insurify’s accuracy confidence value will become more accurate. Search results can be sorted by price and Insurify recommended companies.
While Insurify claims that “What you see is what you get,” their terms also state that there is no guarantee you’ll receive the quoted price. The insurer will require additional information that is not made available at the time of the quote. This additional information could change the final insurance price quoted by the insurer.
Easily Adjust Coverage Parameters
Part of the information Insurify gathers is the requested coverage. Once search results appear, you aren’t locked into your initial coverage configuration. You can adjust it on the fly. New search results will instantly appear based on the modified coverage.
And if you're unsure about any terms listed in the coverage configuration (such as bodily injury, property damage, car rental, roadside assistance, collision, or comprehensive), you can just click a term to see its definition.
Buy Online Or Talk To An Agent
With Insurify, you can buy insurance online, by phone, or chat. It’s up to the insurance provider on which methods they use. In some cases, an insurance provider will hold your quote and call you back.
Some search results don’t list quotes and require you to click to get a quote. This will usually carry over your information where you finish the quote on the insurance provider’s website.
Are There Any Fees?
There are no fees for using Insurify. Insurify is paid through its insurance partners. You will, however, have to pay insurance premiums to your chosen insurance provider once you decide to move forward with a policy.
How Do I Open An Account?
You don't need to create any type of account to begin comparing quotes with Insurify. Simply visit their site and click the "Start Saving" button at the top right corner. Insurify says that you can see live quotes in as little as 2 minutes and may even be able to buy insurance in 5 minutes or less.
Is My Money Safe?
Yes. You don’t pay anything to Insurify, which means no money changes hands. Once you decide to open an insurance policy, you'll want check with that specific insurance company to learn how it protects your personal and payment information.
Is It Worth It?
Yes, Insurify’s interface is easy to use and will save you a lot of time in finding low insurance rates. It’s also free to search. The more info you provide Insurify, the more accurate a quote it can give you. All of this makes Insurify a great insurance quote resource.
You can compare Insurify's rates with other shopping marketplaces like Policygenius or Gabi. And remember: no online brokers work with all insurance companies. So you may still want to get a few direct quotes from some of the top car insurance, home insurance, and life insurance companies available today.
Online Insurance Shopping Marketplace
There are three ways to get live quotes:
All 50 states
Customer data is encrypted and never sold to third parties.
Customer Service Number
Customer Service Email
Mobile App Availability
No mobile app, but a Facebook Messenger bot is available to make phone shopping easier
- Insurance Options
- Customer Service
- Ease of Use
- Pricing and Fees
Insurify is an online insurance marketplace that makes it easy to compare quotes from multiple auto, home, or life insurers in minutes.
- Fast, personalized quotes
- No extra fees for the buyer
- Shop completely online or call up an agent
- Available in all 50 states
- Currently limited to auto, home, and life insurance shopping
- Must provide email and phone number to view quotes
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page, or on his personal site RobertFarrington.com.
He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.
He has been quoted in major publications including the New York Times, Washington Post, Fox, ABC, NBC, and more. He is also a regular contributor to Forbes.