Is Everquote Insurance Legit? A Comprehensive Review
Everquote, established in 2011 and headquartered in Cambridge, Massachusetts, is a prominent insurance lead generation company.
It partners with major carriers like Progressive, Nationwide, and Farmers.
Serving consumers in all 50 states, Everquote provides quotes for various insurance types, including car, home, health, life, and commercial insurance.
The company, initially an internet advertising firm named AdHarmonics, evolved into a marketplace platform for insurance.
Commercial insurance quotes are facilitated through Bold Penguin, also known as the Commercial Insurance Center.
Is Everquote Insurance Legit? Lines of Coverage
Everquote offers major commercial insurance lines, including Business Owners, General Liability, Professional Liability, Commercial Auto, and Workers’ Compensation.
The company caters to diverse industries, utilizing a keyword search bar for policy placement.
Also Read:Â Is Elite Insurance Group Legit? A Comprehensive Analysis
Premium Costs and Underwriting Process
As a marketplace, Everquote does not underwrite policies directly but collaborates with partner carriers, enabling business owners to find suitable policies at competitive prices.
The underwriting process involves answering relevant questions about the business, industry, and structure, with the finalization of quotes occurring through a call.
AM Best Ratings and Complaint Index
Since Everquote isn’t a carrier, it lacks AM Best ratings, but its partner companies, such as AAA Insurance, Farmers Insurance, and Nationwide, have their respective ratings.
The National Association of Insurance Commissioners (NAIC) complaint index reflects partner carriers’ performance, with examples like Liberty Mutual having a score of 1.87.
Also Read:Â Is CarInsurance.net Legit? A Comprehensive Analysis
Reputation
Everquote’s reputation is challenging to assess due to its role as a marketplace.
Reviews on Trustpilot highlight concerns about data selling and perceived poor lead quality.
The Better Business Bureau (BBB) reports a B rating with customer complaints centered around persistent calls from multiple insurance representatives.
Conclusion
Everquote has transformed from an auto insurance lead generator to a comprehensive insurance marketplace.
Consumers can explore a variety of coverage options through Everquote’s platform.
Commercial insurance, managed via Bold Penguin, extends the company’s service portfolio.
Mixed reviews highlight the need to carefully assess partner carriers for customer satisfaction.
Ronald Mandela
CURRENTLY
Content Writer, Insurance Insights
RESIDES IN
Minneapolis, Minnesota
EXPERIENCE
Over 6 years in the insurance industry
QUALIFICATIONS
Insurance Writing Maestro:
Ronald Mandela, a seasoned Content Writer at Insurance Blob, brings over six years of dedicated experience in the insurance industry.
Effective Communication Specialist:
Renowned for his ability to transform intricate insurance concepts into engaging and accessible content for a broad audience.
Industry Insight Contributor:
Ronald contributes valuable insights into the world of insurance through his in-depth articles and guides, catering to both novice and seasoned readers.
Minneapolis Insurance Perspective:
Brings a unique regional perspective to insurance writing, addressing the specific concerns and trends within the Minneapolis insurance landscape.
Continuous Learning Advocate:
Committed to staying at the forefront of industry trends, Ronald ensures that his writing reflects the latest developments and innovations in the insurance sector.
Education
Ronald Mandela honed his writing skills and gained a deep understanding of the insurance landscape through years of hands-on experience and continuous learning within the industry.
As a dedicated Content Writer, he plays a vital role in making insurance-related topics accessible and engaging for a diverse readership.