NEW YORK, Jan. 15, 2019 /PRNewswire/ -- Policygenius, the nation's leading online insurance marketplace, announced today it is expanding to offer home insurance and auto insurance with a personalized shopping experience that's unique in the market.
"Our customers have repeatedly told us they love how easy we've made comparing and buying life and disability insurance. They wanted to know when we'd be expanding to help them with other types of insurance as well," Jennifer Fitzgerald, CEO and co-founder of Policygenius, said. "Today, we're happy to announce that we've added home and auto to our marketplace."
Licensed nationwide, Policygenius combines industry-leading digital tools with personal support from licensed advisors to make shopping for home and auto insurance as easy as possible. It runs quotes from multiple companies so shoppers can compare and, ultimately, save on these core insurance products. Unlike other platforms, Policygenius analyzes coverage to make sure the consumer is sufficiently protected, and provides personalized home and auto insurance rates, not just estimates. The licensed advisors at Policygenius are salaried, not commissioned, to ensure the customer's needs are put first.
A new Policygenius survey found that 1 in 3 Americans have never re-shopped their home or auto insurance. Of those who've never re-shopped, 32% said it was because they thought it would take too much time, while about 16% said they don't want to do the paperwork. In addition to comparing providers, Policygenius also handles new policy paperwork and cancellation of a consumer's old policy, making the process as hassle-free as possible.
During the soft launch in the latter half of 2018, Policygenius saw that more than half of customers found a better policy and saved an average of $600 per year by switching.
"If you aren't shopping your insurance policies, you could be leaving money on the table," Fitzgerald said. "We've made it easier than ever for people to get a new or updated policy and receive unbiased guidance. This way, people can get the coverage they need and get back to their busy lives."
About Policygenius: Policygenius is the nation's leading online insurance marketplace based in New York City. We've helped more than 5 million customers shop for all types of insurance like they shop for everything else — online. We are one of the early insuretech pioneers and have grown more than 200% every year since launching in 2014. We were named one of Inc. Magazine's Best Workplaces 2018.
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Senior Media Relations Manager, Policygenius