November 26, 2019

Policygenius Review

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Policygenius cuts through the jargon that makes shopping for insurance so confusing. You'll get clear options with transparent costs upfront. Keep reading to learn more ways that Policygenius makes buying insurance easy.

What Is Policygenius?

Policygenius is an insurance aggregator. With some basic information, it will provide quotes from the top insurance companies in the nation.

But the platform doesn't sell your personal information to each company that provides a quote. You complete the entire process through their platform. That means you won't be hassled with endless phone calls from competing insurers.

Policygenius also offers plenty of education. You can learn terms, ask questions, and get the advice you need.

Policygenius is licensed in all 50 states, has a BBB A+ rating, and follows the utmost security standards.

The Types of Insurance Policygenius Offers

Policygenius offers quotes for the following types of insurance:

  • Life
  • Health
  • Disability
  • Pet
  • Homeowners
  • Auto
  • Renters

You can also get quotes for vision, jewelry, long-term care, identity theft, and travel insurance.

Is Buying Insurance Online Safe?
Buying insurance online is just as safe as buying directly from an agent in person. Be sure to use a company that:
  • Takes security and privacy seriously
  • Has proper licensing
  • Boasts good BBB ratings

How Policygenius Works

Policygenius makes it easy to shop for insurance. You can get started directly online or call their specialists if you need more time and information.

Keep reading for a step-by-step guide to getting a quote.

  1. Enter Your Basic Information
    The information you must provide depends on the type of insurance quote that you request. For example, life insurance requires answers to specific health questions. Homeowners insurance requires information about your home. The process takes 2–5 minutes.

  2. Choose Your Coverage Amount
    Use the slider bar to easily choose the amount of coverage. The estimated premiums will change accordingly on the right side of the screen.

  3. Compare Insurance Providers
    Policygenius shows quotes from 12 or more insurance providers. You can still make adjustments to the coverage amount, term, and premium frequency on this page.

  4. Narrow Down Your Options
    Click on your favorite insurance companies/quotes to compare the offers side-by-side. You'll see things like the company ratings, level of customer service, and the policy's fine print.

  5. Apply for Insurance
    Once you decide on a provider, you can complete the formal application process. You'll provide your personal information at this point. You'll still deal with Policygenius, not the actual insurance company.

Policygenius offers unbiased advice using tip boxes throughout the comparison process.

Pros & Cons

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Pros

No Application Fee
You don't pay anything until you choose a policy, get approved, and agree to the terms.

Access a Wide Number of Insurance Products
Policygenius offers many plans and options that you might not find shopping at just one company.

Save Your Searches
You can save your progress during the insurance quote process. When you come back, just log into your account and pick up where you left off.

Accessible Customer Service
Policygenius customer service agents are available 9 AM to 9 PM ET, Monday–Sunday.

Get Help Choosing Coverage Amounts
Use the online calculators on Policygenius' website to determine the perfect amount of coverage. They have calculators for each type of insurance. Talk with an agent, not a salesperson, which means unbiased information without pushy sales tactics.

Help with High-Risk Situations
If something on your application causes your rates to increase, Policygenius agents will anonymously shop other insurance companies. They use the provided information to try to secure lower premiums.

DIY Insurance Process With Help Readily Available
Policygenius can be empowering if you like to handle your financial affairs yourself. But you have the option to contact an agent should you run into trouble.

Cons

Doesn't Include All Insurance Companies
Policygenius works with a lot of insurance companies, but not all of them. If you have a specific insurance company in mind, you may have to apply directly with them.

The Application Process Isn't Thorough
You may have to provide more information once you choose an insurance company if you have:

  • Medical issues
  • A questionable family history
  • Other issues that affect your insurance

This could affect your eligibility for an insurance plan.

They Don't Work With Niche Carriers
If you have a special concern, belong to a specific demographic, or need special coverage, you may have to look outside of Policygenius.

How It Compares

Health IQ
Health IQ is an insurance broker that offers better rates for consumers with healthy lifestyle habits. Vegans, vegetarians, marathon runners, and those with an active lifestyle may find lower rates with the companies Health IQ works with. They also work with standard insurance providers that offer the best deals for health-conscious individuals.

SelectQuote
SelectQuote is an insurance broker that works with 70+ insurance companies. You complete the entire insurance application process through SelectQuote and don't pay any extra fees for the service.

SelectQuote specializes in getting affordable coverage for consumers with:

  • Diabetes
  • Sleep apnea
  • Cancer
  • Heart disease

Zander
Zander is a smaller life insurance broker endorsed by the Dave Ramsey Show. Zander offers instant quotes. But Zander only works with a handful of insurance companies compared to the hundreds Policygenius has access to.

They sell the following types of insurance:

  • Life
  • Disability
  • Home
  • Auto
  • Health
  • Long-term
  • ID theft

Bottom Line

If you want a hassle-free way to shop multiple insurance companies, Policygenius offers a simple solution. Complete the entire process yourself online or discuss your options over the phone with an agent without any unpleasant sales pressure.

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

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CreditDonkey is a life insurance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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