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PolicyGenius is the first online tool that dramatically simplifies the process of buying insurance. By being a broker of every major insurance company, they can provide the best option for an individual's particular situation without bias. The entire process is easy and only requires answering a few simple questions.Visit PolicyGenius to Learn More
Let’s be honest, shopping for insurance kind of sucks. It’s confusing, stressful and not to mention probably the least exciting thing to do.
The process of purchasing a policy can be intimidating. Thats probably why 4 out of every 10 people in the U.S. do not own a life insurance policy at all. Then PolicyGenius came along and changed everything.
Policy Genius is attempting to push buying insurance into the 21st Century by making it digital and accessible to everyone. The founders of this Brooklyn based company are trying to shift the way people think about insurance and it’s importance by changing the way we shop for it.
No More Excuses
While it is a very important part of protecting your family finances, insurance tends to be pushed to the wayside. Paying the mortgage, putting food on the table, and keeping the lights on come first of course.
Most Americans don’t buy life insurance because they think it’s really expensive and completely overestimate the price. Getting insurance doesn’t have to break the bank. Depending on your health, you can probably get a policy for less then your cell phone bill.
The door to door salesman is relic of the past. Filling out a million forms and talking to pushy insurance dealers on the phone have all been cut out of the equation. PolicyGenius allows you to buy insurance from your couch while binge watching your favorite show on Netflix.
A Chat With the CEO
We talked with Jennifer Fitzgerald, one of the co-founders and CEO of PolicyGenius about their service and their mission. They focus on the four insurances that people generally need: renter’s, life, disability, and pet insurance. PolicyGenius will help you figure out exactly which of these you need and get you covered.
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Not only do they want to make the process of buying insurance easier but also want to educate you on what you’re buying.
Their focus is on streamlining the process and making it easy to understand. In minutes you can compare quotes from top insurance providers and can get the details of each policy without leaving the site.
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What Kinds of Insurance Do They Offer?
You’re young and healthy. Nothing is going to happen to you, right? Probably not, but if someone you love would be financially impacted if you died, than you should seriously consider getting life insurance.
I know, it’s depressing to think about, but you don’t want to leave your loved ones high and dry in the event something happens to you. Life insurance will help replace your income and help your family meet many important financial needs.
The great news is that it’s very affordable while you are still young and healthy. You might not need it now but the point is you need to have it before you actually do.
Long term disability insurance is to protect people who have a long term injury or illness that keeps them from working. Many employers do still provide it to their employees, but are lowering the payouts and employees need to buy more coverage on their own dime. Long term disability is one of the leading causes of bankruptcy.
If you have ever had a sick pet, you know how much the vet costs. We would do anything for our fur baby so we purchased pet insurance for our cat. Instead of paying every cent of her medical expenses, we submit bills for partial reimbursement. I mean, how can I not insure this fluffy face.
Renter’s insurance is also really important – it protects your belongings from damage and theft and it covers liability caused by negligence.
So if one of your more drunk friends gets hurt in your place and was a big enough jerk to sue you, your policy would pay up. They probably weren’t your friend to begin with but you get the point.
Still not sure what kind of insurance you need? No worries. PolicyGenius will give you an Insurance Check Up in five minutes to uncover what types of insurance you may want to get. Yup, you don’t have to talk to a pushy salesmen.
The questions are easy and it’s really quick. Think of it like a Buzzfeed quiz.
There are some fun questions too.
How Does PolicyGenius Work?
Once you figure out what kind of insurance you need it’s time to see what policies would work best for you. PolicyGenius doesn’t offer insurance, instead they are a broker.
They are not affiliated with any particular insurance company like typical agents and they offer plans from many providers. Their algorithms work to match you with the best policy to fit your needs.
I went through the whole PolicyGenius quote process myself to see what it was all about. I don’t have life insurance, so I wanted to see if I needed it. I must say I was not really looking forward to it but the whole process so super easy.
You will start by entering in some basic information name, age, location, employment then on to some more personal stuff like debt, marital status and medical history. PolicyGenius takes into account any preexisting conditions, net worth and health habits you may have in order to provide you with super accurate quotes.
And don’t worry, all your information is confidential.
Every step of the way they give you tips and other helpful information so you can answer the questions properly. You will see these little thumbtacks on the side of most pages explaining exactly what certain terms mean. I found this super helpful and I actually learned a lot.
If you are unsure about anything throughout the process, they have humans too. Their customer service team can answer any questions you may have online or over the phone.
Choosing a Policy
After you go through all the sections they will bring you to a page where the policies are displayed. Your best options for insurance will be on top and the rest listed below.
Besides price comparisons, they rate each company on customer service, approval time, application process and other policy details. This means you don’t have to click back and forth between sites to compare various quotes.
If you are not ready to purchase a plan right away they will save your quotes for you. If your are ready, you can apply for you choice policy to get approved.
As for my review, PolicyGenius is a game changer. It was designed to make getting insured simple and affordable. If you are looking for insurance – look no further.
From start to finish it was ridiculously easy. I found it very informative and love how they spelled it all out for you. Best part is you don’t have to talk to anyone or get off your couch. They also have a ton of great resources and advice on their blog so make sure to check that out as well.