Overview of Policy Expert
Policy Expert is an insurance comparison website that allows consumers to compare different insurance policies from various providers. The website covers policies for car, home, life, health, pet, and travel insurance. Policy Expert aims to help consumers find the right policy for their needs while saving money. But is Policy Expert a legit and trustworthy platform for comparing and purchasing insurance? Let’s take a closer look.
How Policy Expert Works
The Policy Expert website functions similarly to other insurance comparison sites. Consumers start by entering their zip code and some basic personal and policy details. For example, for auto insurance you would enter your age, driving history, vehicle type, etc.
After entering the initial information, Policy Expert will display quotes from multiple insurance providers. This allows you to compare pricing and coverage options side-by-side. You can filter and sort the quotes based on pricing, customer ratings, coverage levels, and more.
If you find a policy you like, you can either purchase it directly through Policy Expert’s website or be transferred to the individual insurer’s site to complete the application and purchase. Policy Expert earns a commission from the insurance provider for generating the lead and policy purchase.
Some key things to know about how Policy Expert operates:
– Policy Expert is an insurance broker, not a direct insurance provider. They earn commissions by connecting consumers to insurers.
– They claim to partner with over 20 top national insurance carriers to provide quote comparisons.
– Policy Expert does not charge any fees to consumers for providing quotes or facilitating purchases. Their income comes from commissions paid by insurance partners.
– Policy Expert’s online quotes may not always reflect the final pricing or exact policy details from the insurer. Final prices are determined when completing the full application.
Policy Expert’s Reputation and Reviews
So is Policy Expert legit? Being an insurance broker, they need to maintain a positive reputation in order to stay in business. One way to evaluate their reputation is by looking at online customer reviews.
Policy Expert currently has an A+ rating with the Better Business Bureau (BBB), which indicates a strong reputation. The BBB calculates ratings by considering factors like customer complaint history, transparency, and proper business practices.
Here is an overview of Policy Expert’s review status on some major consumer review sites:
– Trustpilot – 4 out of 5 stars based on 1300+ reviews
– SiteJabber – 4.5 out of 5 stars from 180+ reviews
– Google Reviews – 4.1 out of 5 stars across 350+ reviews
The consensus of these reviews is that PolicyExpert provides an easy and convenient way to compare insurance policies from well-known national providers. Most customers found the quote process fast and simple. Many mention saving hundreds of dollars on their premiums.
There are some negative reviews regarding unexpected fees or issues with transferring policies. However, the majority appear satisfied with the services and would recommend Policy Expert. There are few reviews indicating any scam, fraud, or bait-and-switch experiences.
Policy Expert’s Accreditations
In addition to reviews, Policy Expert seems to have legitimate operating credentials:
– Registered insurance broker with the National Association of Insurance Commissioners (NAIC)
– Accredited with the Better Business Bureau with A+ rating
– Member of the National Association of Insurance and Financial Advisors (NAIFA)
– Partnered with Trustpilot for verified customer reviews
– Registered and compliant in all 50 US states
These accreditations help confirm Policy Expert is running above board as a registered insurance brokerage.
Examples of Policy Expert’s Insurance Partners
Here are some of the major insurance brands that Policy Expert claims to partner with:
– Progressive – The 4th largest auto insurer in the U.S.
– Nationwide – The 7th largest homeowners insurer in the U.S.
– Travelers Insurance – The 6th largest commercial property insurer in the U.S.
– Esurance – Large national insurer owned by Allstate
– Safeco Insurance – Home, auto, and small business insurance carrier
– Clover Health – Technology-focused health insurance provider
The fact that Policy Expert partners with well-known national insurance brands adds legitimacy to their services. These companies vet and approve partners carefully to protect their brand reputation.
Is Policy Expert Worth Using?
For consumers looking to purchase insurance policies, Policy Expert appears to be a legitimate and worthwhile source for comparing options from top providers. They make the process of finding quotes and rates easy and fast.
Policy Expert has built up generally positive reputation based on customer reviews and industry accreditations. Their partnerships with major national insurance brands also inspires confidence.
There are a few factors to keep in mind when using Policy Expert or similar insurance brokers:
– Verify final pricing with insurer before purchasing, quotes may not be final
– Watch for hidden fees not disclosed upfront
– Application and purchases takes place on insurer’s website, not Policy Expert
– Read policy documents carefully to ensure proper coverage
As long as consumers use caution during the application process and verify final costs and coverage, Policy Expert seems like a helpful platform for insurance shopping. While not perfect, they provide a legit starting point for finding deals on policies from reputable insurers.
Pros of Using Policy Expert
– Quickly compare quotes from multiple top insurers
– Easy online quote process through PolicyExpert.com
– Positive reputation based on customer reviews
– May help discover cheaper pricing than buying direct
– No obligation to purchase after receiving quotes
Cons of Using Policy Expert
– Quotes are estimates only, not final pricing
– Mixed reviews regarding customer service follow-up
– Commissions may incentivize upselling certain policies
– No ability to purchase policies directly through site
The Bottom Line
Overall, Policy Expert appears to be a legitimate insurance comparison marketplace that can help consumers shop for affordable coverage from trusted national providers. They make it simple to compare quotes side-by-side from top insurance brands.
While Policy Expert has some flaws common to many insurance brokers, their positive reputation and partnerships point to a credible service. For shoppers wanting a wide range of policy quotes quickly, Policy Expert delivers on that promise of speed and convenience. Just be sure to verify all final pricing and policy details directly with the insurer before purchasing.
Frequently Asked Questions
Does Policy Expert charge any fees?
No, Policy Expert does not charge fees directly to consumers. They earn commissions from insurance partners when referrals and sales are generated from their site.
What types of insurance can you compare on Policy Expert?
Policy Expert allows consumers to compare quotes for auto, home, renters, condo, health, life, business, and specialty insurance policies from leading insurers.
Is Policy Expert an insurance company?
No, Policy Expert is an insurance broker and comparison website. They are not a direct insurance carrier. The insurance policies are underwritten by Policy Expert’s partner insurance companies.
Are the quotes on Policy Expert accurate?
The quotes on Policy Expert provide estimated policy pricing, which gives you a good idea of cost. But final premiums are subject to change based on your full application with the insurance company. Be sure to confirm final pricing before purchasing.
Can you purchase policies directly through Policy Expert?
No, Policy Expert does not sell policies directly. They refer you to their partner insurers to complete the application and purchase. This allows you to get quotes through Policy Expert and then purchase from the insurance carrier website.