Shopping for insurance, whether its home, auto, pet, or life insurance, can be a daunting task, with dozens of great providers to choose from.
Everything from researching a provider’s policies to applying for quotes takes time and energy.
Policygenius simplifies the process, sharing company reviews, compiling custom quotes from the industry’s top insurance companies, and streamlining the application process.
In this Policygenius review, we’ll break down all the types of insurance you can access with Policygenius and explore the ways the company can simplify your insurance shopping process and help you save money.
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Policygenius was founded in 2014 by Jennifer Fitzgerald and Francois de Lame.
After years of working in the insurance industry, the two noticed that the experience of finding and applying for insurance left much to be desired.
In the last few years, Policygenius has seen incomparable success, with over $150 million of capital funding and partnerships with the largest and most successful insurance companies in the nation.
So how does it work? Rather than an insurance company, Policygenius is an insurance agency.
Instead of underwriting and selling its own insurance policies, the online broker earns commissions from life insurance companies when it sells their policies.
Since it’s an agency rather than an insurance company, Policygenius doesn’t have credit ratings. It does, however, only work with elite insurance companies that tout the highest financial strength ratings.
It is also accredited by the Better Business Bureau, with an “A-” rating.
Policygenius is staffed by knowledgeable licensed financial advisors with your best interest at heart.
Since the company isn’t captive to any one provider, there’s no hidden agenda. They truly provide you with the best prices you’re eligible for.
In fact, if you find lower rates elsewhere, Policygenius will pay you $100.
How Does Policygenius Work?
Policygenius’ user experience stands out from the crowd.
Rather than submitting your information then getting bombarded with endless calls and emails about applying for coverage, Policygenius keeps it simple.
Policygenius’ tech-savvy application is intuitive, straightforward, and painless.
You can actually complete 100% of the process online, a major advantage for many young applicants looking to skip out on phone calls.
However, if you do need assistance, Policygenius’ team is there to provide the resources and guidance you need with their hotline and live chat.
The process of getting quotes from Policygenius is simple:
- Enter basic information
- Identify your coverage needs
- Get quotes
- Apply for a policy
If you like what you see and are content with the rates Policygenius presents you, you will be redirected to the company’s website to quickly finish up the application process.
No worries if you’d like to keep looking. Policygenius has tons of resources to help you educate yourself on insurance in general and the companies it works with.
You can also make adjustments to coverage amounts and policy details to better fit your budget.
Types of Insurance Offered by Policygenius
Let’s take a closer look at all the lines of insurance you can purchase using Policygenius.
Life insurance is Policygenius’ sweet spot. The company cites that it saves users an average of $1500 a year in premiums.
They also provide users with a library of educational resources to help them determine their life insurance needs, learn the basics, and compare companies.
They match you with top life insurance companies like:
Policygenius can assist you in your search for term or whole life insurance, with its simple quoting tool.
You answer a series of questions about your health, lifestyle, and coverage needs, pick a policy, and finish applying through the selected company’s website.
The Policygenius life insurance platform could lead to major savings and simplify your application.
Policygenius has vetted 20 of the best homeowners insurance companies out there, with thorough reviews, educational posts on the basics of homeowners insurance, and a straightforward quoting process.
Some of the home insurance companies they partner with include:
With Policygenius, you can compare quotes for basic policies that provide just enough protection to satisfy your mortgage lender’s requirements, or more substantial coverage with robust personal property protection and additional covered perils.
The company’s website says it saves homeowners an average of $690 a year on home insurance.
Applying for quotes takes 3 to 5 minutes. Policygenius will even reshop to check for lower rates for you each year.
They can also scan your current policy details to see if they can find any potential savings for you.
Another of Policygenius’ main specialties is renters insurance. The company provides quotes for many of the same top-notch homeowners insurance providers, all of which they have reviewed exhaustively.
The Policygenius renters insurance quoting tool is quick and easy to navigate. It starts by asking for your basic information, location, and details about the type of home you’re living in.
Once your eligibility is determined, Policygenius recommends a standard amount of coverage, but lets you choose your preferred protection.
You can then select your deductibles and what specific coverages you’d like to have and see your rates update in real-time.
This tool provides easy-to-understand definitions of each type of coverage, such as liability insurance, medical payments, and loss of use.
It also asks questions that help determine if you’re eligible for discounts.
With its Coverhound tool, Policygenius compares dozens of car insurance companies to get you the absolute lowest rates.
Its learning center is also chock-full of resources to help shoppers learn the essentials of car insurance and figure out what coverage they need.
You can buy a policy from leading national providers Liberty Mutual, USAA, State Farm, and Allstate.
The car insurance quoting process is comparable to getting matched with a life or property policy.
It also does a property scan check to see if you could get lower rates than your current ones.
The process takes 3 to 5 minutes to complete, getting a snapshot of your vehicle, your driving record, and your coverage needs.
Just note that Policygenius currently only provides rates that are based on bundling with home insurance.
If you’re looking to protect your four-legged friend with pet insurance, Policygenius has you covered.
They partner with trustworthy, well-known pet insurance providers to get you the lowest rates and exactly the coverage you’re looking for.
Policygenius’ educational tools come in handy here as well. The company skips the jargon and provides you with simple definitions of what’s covered by pet insurance, and what isn’t.
Whether you’re looking for the cheapest catastrophic coverage out there, or you want 100% reimbursement if something goes wrong with your dog or cat, Policygenius can match you with a plan.
All the carriers they partner with also cover treatment from any licensed vet, regardless of networks.
As you enter your information in the quoting tool, it shows what discounts you’re eligible for based on your answers.
It then helps you to determine whether you want accident coverage, accident and illness, or any additional wellness plans, asking you what specific coverages are most important to you.
From there, you’re matched with custom policies at different price points, all in a few minutes’ time.
Getting quotes on health insurance from Policygenius is a piece of cake. You simply enter your location and the site tells you how many plans are available in your area.
From there, you can enter your email address, answer more specific questions about your health, and be matched with the lowest rates available from health.gov, your state’s marketplaces, and other carriers.
In addition to standard health insurance, Policygenius can also compare quotes and help you apply for:
- Vision insurance
- Long term care
- RX discount cards
Policygenius partners with health insurers including Aetna, BlueCross BlueShield, Cigna, and Humana.
Additional Insurance Products
In addition to the lines of insurance listed above, you can also get quotes and apply for the following types of coverage from Policygenius:
- Disability: With Policygenius disability insurance is a breeze, whether you need short-term or long-term coverage. No matter how complicated your health condition is, their team of advisors and simple online quoting tool can help you lock in affordable disability insurance.
- Jewelry: While basic homeowners or renters insurance provide some coverage for jewelry, it might not be enough. With a scheduled personal property plan, you can insure individual pieces of jewelry whether you have other home insurance or not. Policygenius claims these policies usually cost around 1or 2% of the item’s cost.
- ID theft insurance: Identity theft is a serious issue that Policygenius can help you. They provide you with quotes from MyIDCare and LifeLock, also giving you informational resources on recovering your identity.
- Travel insurance: Policygenius partners with SquareMouth, Allianz, and Global Provider to get you the trip protection you need.
Pros and Cons
Should you use Policygenius to compare insurance policies? Take a look at the pros and cons below to decide.
- One-stop-shop: You can get several types of insurance through Policygenius, even saving by bundling policies with Policygenius’ partnering providers.
- Customizable coverage: Policygenius helps you narrow down exactly what coverage you need.
- Trustworthy: Policygenius’ providers are all top-tier options, and the company’s main concern is getting you the lowest rates.
- Educational tools: Policygenius provides a wealth of easily accessible knowledge on all of its insurance products and other financial topics.
- User experience: It couldn’t be quicker or easier to get customized quotes than it is with Policygenius. The intuitive experience is made with you in mind.
- Application: Just keep in mind that you aren’t actually buying coverage from Policygenius. It ultimately funnels you to the life insurance company of your choosing to buy a policy.
- Limited carriers: Though Policygenius partners with some of the best companies in the industry, it doesn’t offer quotes from all of them.
Is Policygenius for You?
Policygenius is taking the insurance world by storm, providing insurance shoppers with an individualized experience and nearly instantly connecting them with quotes from top providers.
Their learning center is impressive, too, educating you on a number of insurance topics and equipping you for financial success.
While you might not find coverage from every single provider on Policygenius, you do get quotes from some of the industry’s best.
Bottom line: You have nothing to lose by checking out Policygenius, and the potential to save on a great lineup of insurance products.
- BBB: A-