This Policygenius review will provide you with essential information on whether or not to use such a platform in your insurance policy shopping. Needless to say, it will give you a clear picture of what makes this platform worthwhile.
Let’s be honest here. One of the best ways to finding the perfect insurance policy is by shopping around. Good thing is, in this day and age, the internet has made “shopping” so much simpler. With just one click, you get to have search results, providing you the different options you have.
While searching over the net has made “shopping” for insurance easier, Policygenius has made it, even more, a breeze.
If you haven’t heard yet, Policygenius is actually an online marketplace that offers not material goods, but different sorts of insurance policies like health insurance, life insurance, disability insurance, as well as pet insurance.
It’s serving as a one-stop-shop with a variety of insurance products to choose from. Furthermore, this online marketplace lets you compare policies without having to go through one website to another.
But what is Policygenius really, and how exactly does it make insurance shoppers’ lives so much easier?
In this review of Policygenius, we will specifically answer some of the most common questions you have, which include:
– What is Policygenius?
– Who created Policygenius and why?
– What are the features of Policygenius?
– How much does Policygenius cost and what are the fees?
– How to apply for insurance through Policygenius?
– How secure is the Policygenius site?
– How accessible is Policygenius?
– How efficient is Policygenius’s customer service?
– What are the pros and cons of using Policygenius?
– Why use Policygenius?
If you are ready, let’s begin.
WHAT IS POLICYGENIUS?
For those who are not familiar with Policygenius, it is a tool or a platform that lets you compare quotes from different insurance companies without having to go through one website to another. It’s an efficient tool to get information about policies that you like from various providers all in one place.
However, it’s more than just that.
While other aggregator sites give your information to all insurance companies you worth with, at Policygenius, it does not go that way. Policygenius acts like a traditional insurance broker, but with an online twist.
What happens is, they walk you through the insurance purchasing process instead of passing you off directly to different insurance policy providers. By doing so, gives you an easier way to get an online insurance quote with personalized or customized advice from a broker.
Apart from its insurance services, Policygenius also provides a wide database of articles about different insurance products. Thus, if you have questions regarding different insurances like life insurance, renters insurance, health insurance, and others, Policygenius’s online magazine is absolutely one of the best places to look for answers.
Know more about Policygenius from someone who had first-hand experience using the platform. In the video below that was shared by Policygenius, Paul shares his overall experience with the site:
WHO CREATED POLICYGENIUS AND WHY?
The founders of Policygenius are former consultants to insurance companies. They are Jennifer Fitzgerald and Francois de Lame.
While on their former jobs, they saw some gaps (big gaps to be specific) on how the insurance world deals with customers. Because of these gaps, the two founders came up with the idea of making things easier for people. Thus the birth of Policygenius, which we have already explained what it is all about earlier.
Policygenius came to life in 2014. Since then, Policygenius has found better ways to help consumers, particularly, in finding the insurance policy or coverage they need.
Policygenius aims that through their platform, people will find buying insurance as a fun and easy activity.
WHAT ARE THE FEATURES OF POLICYGENIUS?
Policygenius comes with various features to choose from — all depending on what you need.
Please note though that Policygenius is not licensed to sell any type of insurance policy in every state, which means, the offerings depend on the state where you live in.
However, the company specializes various types of insurance such as:
- Life insurance
- Disability insurance
- Health insurance
- Renters insurance
- Pet insurance
Having said that, if for instance, you haven’t shopped around for health insurance yet, you may want to check our Policygenius instead to see if you will be able to find a better deal than what you have currently.
Now, depending on the state where you are at, as well as the type of insurance you are looking for, you may want to check out the Policygenius website. Who knows, you might just score the best insurance policy based on your needs.
Rest-assured that Policygenius is working with some of the industry’s leading insurance providers, which means, you do not have to worry getting quotes from the industry’s bests.
Furthermore, Policygenius has a huge database of articles regarding insurance, which can be very helpful in helping you decide on the kind of insurance you must get.
For us, we find it a great perk as it helps users make better decisions on the kind of insurance to get either for themselves or for some members of their families.
HOW MUCH DOES POLICYGENIUS COST AND WHAT ARE THE FEES?
When using Policygenius to get an insurance policy, you do not have to pay directly to the company.
Policygenius works with a select group of insurance companies. All of these companies are highly rated because of their financial stability and overall reputation. Thus, you do not have to worry about getting a policy from a bogus or not-so-good kind of insurance company.
But how does Policygenius make money out of it?
Well, they earn when you purchase a policy through their website. The insurance companies pay Policygenius for every successful transaction. Basically, it’s commission-based. The company earns for each sale you make.
It is worth noting that the fee, rather the commission, is written into the insurance quotes submitted by your preferred insurance companies. Insurance commissions are typically included already in the price of an insurance policy, which means you do not have to pay extra for using Policygenius.
HOW TO APPLY FOR AN INSURANCE THROUGH POLICYGENIUS
First and foremost, you do not have to make an account with Policygenius to be able to get an insurance policy quote.
Basically, the information that will be asked from you is the following:
– Date of Birth
– ZIP Code
– Citizenship Status
– Marital Status
– Other Additional Personal Information (i.e medical history, etc.)
Once you are done with the first two screens, you will be asked for your email address to be able to save your progress. With this process, you are not required to create a full account with a password. That is basically it.
After inputting all the information asked, you will then be directed to a page that has an average insurance plan based on your age, as well as health conditions. You will be provided with multiple terms to choose from different insurance providers that match your circumstances. You can also change the coverage amount if you want to, as well as the term length.
Once done with all these, you will be asked to fill out the rest of your personal information like your name and contact number. Expect a call from Policygenius after as they do phone calls to ensure that you are a good fit for the insurance company you are opting to before fully processing your application.
Choosing a Policy
When choosing a policy, you will have to look into what your needs are. If you are quite unsure about your needs, Policygenius has great tools that you can use to help you figure out what exactly it is that you need.
One example is Policygenius’s Insurance Checkup tool. This tool will initially ask for your basic information before assessing things such as your ability to handle financial risks, your family, your level of worry, and of course, the most important, your financial situation. We find this very comprehensive. In fact, the tool even asks for your debt balances as well as information on your existing insurance coverage if you have any.
We bet this tool is really helpful especially for those who are new to getting insurance policies or those, as we mentioned earlier, who are not so sure about the right insurance policy for them.
HOW SECURE IS THE POLICYGENIUS SITE?
This is not a Policygenius review if we will not look into the security features of the site, right? Since you will be asked some personal information, it is normal that you question the security status of the site.
If you want to be sure about Policygenius’s security feature, you may want to check their security policy, which is readily available on the site.
Based on our assessment though, they follow the best practices when it comes to ensuring the data you input is secured. They follow best practices for encrypting data. More so, the site is regularly audited by HIPAA experts since the site is dealing with personal health information.
Having said that, you are assured that all your personal information including your health data are well-secured.
HOW ACCESSIBLE IS THE POLICYGENIUS SITE?
When it comes to accessibility, we have to say that Policygenius is very accessible both on mobile and computer.
Although they do not have an app, their site is very mobile-accessible. Thus, you can apply anytime or manage your applications whenever and wherever using your phone.
HOW EFFICIENT IS POLICYGENIUS’S CUSTOMER SERVICE?
Overall, we have to say that Policygenius is very accessible.
Policygenius comes with a 24/7 customer service via email. In addition, they also have a live chat feature, as well as a customer phone line that has extended hours all throughout the week.
Based on several Policygenius.com reviews, the site’s customer service feature is great, which we find commendable.
WHAT ARE THE PROS AND CONS OF USING POLICYGENIUS?
Now that you already know what Policygenius is all about and how to go about it, it is just right that we tackle the different pros and cons of the site – after all, this is not a Policygenius reviews if we will not look into both the good and the bad about this so-called online marketplace for insurance policies.
So, here you go —
PROS OF USING POLICYGENIUS
- Policygenius works with several reputable and highly-rated insurance companies.
As a customer, especially since we are talking about online transactions, one of our major concerns is ensuring that we are dealing with the right companies. In this case, the right insurance policy provider. We are spending hard-earned money that is why we have all the right to be wary. Good thing is, with Policygenius, we are ensured that we are only going to be dealing with amazing insurance companies, which are vetted because of their financial stability. Thus, making this a major pro.
- Policygenius offers many resources for choosing an insurance policy.
We like the fact that Policygenius have tools that customers can use to help them choose the right insurance policy to spend on. One best tool this site has is the Insurance Checkup tool, which we mentioned and discussed earlier. We find this tool really great. Needless to say, it’s a great tool to find the amount of life insurance that you need.
- Policygenius seems to be fairly impartial.
Since Policygenius acts as a broker, they would, of course, prefer that you buy an insurance policy through their platform. However, they seem to generally give you a really good set of impartial options, which is definitely commendable, and worth noting.
- Policygenius provides easy finding and applying for insurance policies.
What’s nice about Policygenius is that they make the process easy and manageable. You do not need to waste too much time just to be able to get insurance quotations, more so to transact in getting insurance.
More so, Policygenius offers an amazing platform where you get to access and compare insurance policies from different providers all in one place.
- Policygenius has an excellent customer service.
In any business or platform, having a great customer service affects greatly how it will go, right? Good thing because Policygenius is being commended because of their excellent customer service. In fact, the company is known for helping people find the perfect insurance policy for their specific needs.
CONS OF USING POLICYGENIUS
Just like in anything, there is no such thing as perfect — so as Policygenius. The company has its own downsides as well, and it includes the following:
- Policygenius needs additional information occasionally.
Although the company’s online application is thorough, there is certain information or data that insurance companies may need that is not included in the information being gathered by Policygenius. This can get a little time-consuming sometimes.
As compared to applying directly with an insurer, you are assured that you once you fill out online forms, you are inputting all the necessary information they need without having to add additional time because it wasn’t covered by the first few forms or questionnaires.
However, to be honest, this is not a big issue at all. It still is very much bearable.
- Policygenius does not work with all insurance companies.
Although having a list of highly-rated and reputable companies is a plus, catering to just a few is also a downside. By the way, we just thought of pointing out that they do not even cater to all the good ones. So, if you have preferred insurance company, you better check first if it’s on their list. Otherwise, it’s just a waste of time.
But you know, there is always a room for improvement. Who knows, in the next couple of months or years, the company eventually includes all the other existing insurance policy providers out there.
WHY USE POLICYGENIUS?
Before we wrap up this Policygenius review we made, we find it necessary to point out why use the site in the first place.
First, using Policygenius is easy. The company website’s interface is very easy to use, and also, they use easy to understand insurance terminologies. More so, they have an extensive FAQ as well as guides for every type of insurance, which is very helpful for those who are not really that familiar with every insurance plan there is.
Second, the company’s mission is to educate. We like the fact that Policygenius is a platform made to educate consumers particularly the young ones on why they should avail insurances — whether it be life, renters, or long-term disability.
Third, they are very transparent. We like the fact that Policygenius is transparent. They are remarkably forthcoming on the pros anc cons of every insurer. They even rate them based on several factors like application process, customer service, etc.
Lastly, Policygenius provides you with real life examples. Apart from the company’s FAQs and Insurance 101 guides, they also have different case studies to show different policy types that are fit for different types of people.
FINAL THOUGHTS ON POLICYGENIUS REVIEW
Having said all that, what is the verdict? Are we going to recommend Policygenius? Is it a great platform to use?
Well, our answer is yes, we will definitely recommend using Policygenius, and yes, it is a great platform to use especially for those who are quite unfamiliar with what policy to purchase. While it has its downsides, they are overpowered by the pros.
By the way, it is just worth noting that the websites is very easy and pleasing to the eyes. Needless to say, it’s minimalist design makes it even more user-friendly, and easy to navigate.
To end, with all the information we have provided, how do you find this review of Policygenius? We hope that this Policygenius review helps you decide on whether or not to use Policygenius as you shop for the right insurance policy for you.