Policygenius (2024)

FAQs

Is Policygenius a reputable company? ›

Customer Reviews

Policy Genius worked diligently to get me the life insurance policy within my budget. they worked as a team calling me answering my questions, followed up with the insurance company's underwriter. Guided me to reach my goal. They are very professional, knowledgeable, and courteous.

How does Policygenius make money? We're an independent insurance broker, so we get paid a commission by insurance companies for each sale. Insurance commissions are already built into the price of an insurance policy, so you're not paying any extra for working with us to buy a policy.

Policygenius' platform lets users buy homeowner's insurance, life insurance, car insurance, and other products. Policygenius acts as an independent insurance broker and, as such, is paid a commission by insurance companies upon each sale.

Policygenius is worth it for people looking to compare offers from multiple home insurers at once. Users can also conveniently shop for other types of insurance — like auto insurance and life insurance — and save by bundling policies. Licensed agents are available 24/7 to answer questions and provide advice.

Policygenius does not engage in any sharing of personal information that you can limit. Questions? Call 1-855-695-2255 or email privacy@policygenius.com. Go to https://www.policygenius.com/about/privacy/.

Executive Life Insurance Company (1991) - One of the largest life insurance companies in the US, it went bankrupt due to investment losses in junk bonds.

No, Policygenius doesn't charge you a fee to use the service. Instead, it's paid a commission by insurance companies for each sale it makes. The insurance commissions are built into the price of a policy, so you don't pay a higher premium when you get your policy through this broker.

In 2023, Policygenius was acquired by Zinnia, an insurance technology and digital services company.

Policygenius is one of our favorite places to shop for insurance online because of their commitment to making the process easier and more transparent. Policygenius is not an insurance provider, rather a marketplace for shopping dozens of leading insurance companies to get the best coverage for your needs.

How many customers does Policygenius have? ›

Since 2014, we've helped over 30 million people shop for insurance and placed over $150 billion in coverage.

Based on 2023 brokerage revenues from U.S. clients, the largest insurance broker in the United States is Marsh & McLennan Cos Inc.

Top 10 home insurance companies. State Farm is the largest provider of homeowners insurance in the U.S., with $19.7 billion in direct premiums written in 2020. That figure is double the amount of the second-largest insurer, Allstate.

Suze Orman recommends that generally most people should get a 20 year term life insurance policy at 20 times your annual income. What does that mean? That means if you're 30 years old and you make $50,000 a year you should get a million dollar 20 year term life insurance policy.

Travelers is the most expensive homeowners insurance company for $200,000, $350,000, $500,000 and $750,000 dwelling coverage amounts. Rates vary significantly among companies because they each have their own formulas for pricing. That means it's vital to comparison shop homeowners insurance quotes when buying a policy.

AM Best. The most well-known insurance specific rating company, the scores provided by AM Best are often considered the yardstick for financial strength in the industry. The highest rating offered is A++ (Superior) while the lowest is a D (Poor).