Policygenius (2024)

FAQs

Is Policygenius credible? ›

Its TrustScore is 4.7 out of 5 based on over 4,739 reviews, putting it in the “excellent” category. Policygenius customer reviews typically praise the company's quick application process, communication and cost. It also has an A- Better Business Bureau (BBB) rating with a 4.69/5 customer rating based on 155 reviews.

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/.

A common rule of thumb is at least 6% of your gross income plus 1% for each dependent. A stay-at-home parent should get enough life insurance to cover the costs incurred by the family if anything should happen to them.

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.

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.

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

Policygenius itself is free to use, as it makes its money through commissions from the insurance companies for each sale. Those commissions are already included in the price of the insurance policy, so you're not paying any extra for using Policygenius.

Is Policygenius an insurance broker? ›

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.

In total, Policygenius had raised over $280 million from investors and was last valued at $775 million, according to data provider PitchBook.

According to current estimates, a $1 million term life insurance policy for a healthy 40-year-old nonsmoker costs around $80 to $100 per month. The cost of life insurance can vary based on age, health, type of policy, and other factors.

The average cost of a $500,000 whole life insurance policy for a healthy 30-year-old in May 2024 is $451 per month. Your personal rates depend on your age, gender, health, and hobbies, as well as how much coverage you need.

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.

Ratings distribution

Policygenius has an employee rating of 3.4 out of 5 stars, based on 210 company reviews on Glassdoor which indicates that most employees have a good working experience there.