Policygenius Homeowners Insurance

Policygenius is an online insurance marketplace that allows shoppers to compare providers, including homeowners insurance companies. Homeowners answer a brief questionnaire on the site, and Policygenius matches them with a selection of providers so shoppers can compare coverage and quotes. Licensed agents are available 24/7 by chat to assist.

The Policygenius site provides easy-to-understand explanations of the components of homeowners insurance and what to look for when purchasing a policy. You can get advice on how much coverage to buy, learn about cost factors, see average rates by state and find answers to frequently asked questions. Shoppers save an average of $1,055 per year when using the site, according to Policygenius.

Policygenius users answer questions online to get matched with home insurers. Be prepared to provide details about the property (like information regarding building materials) and about your current policy, if you have one. Once you complete the form, which takes about five minutes, the company sends you a list of policy options that fit your needs and lets you compare options and prices.

Policygenius can match you with homeowners insurance options in all 50 states. Once you receive a list of providers, you can choose whether or not to apply for coverage. The final decision for your coverage eligibility depends on the provider, not Policygenius. The provider also determines the price you pay for the policy. Policygenius gets a commission for each sale through the site; the commission is already built into the price of the policy.

According to Policygenius, the average cost of homeowners insurance is a little over $100 per month, or about $1,250 per year. The price of a policy depends on where you live; how much coverage you get; the age, size and build of your home; your claims history; and other factors.

The main benefit of shopping for home insurance through Policygenius is having the ability to compare prices from multiple providers without requesting quotes from each. Policygenius also has licensed agents available to help you by chat 24/7 and by phone 12 hours a day.

Policygenius works with many homeowners insurance companies that provide coverage for physical dwellings, personal property and liability. A typical home insurance policy you find on Policygenius commonly includes these coverages:

• Dwelling coverage: Covers damage to the physical structure of the home, including the roof and attached structures (like a garage).
• Other structures coverage: Covers damage to structures not attached to the main home, like a detached garage, a shed, a fence or a pool.
• Personal property coverage: Covers damage to or theft of personal possessions such as clothing, furniture and electronics.
• Additional living expenses coverage: Covers necessary expenses, like a hotel stay, if your home is temporarily uninhabitable because of a fire or other covered event.
• Personal liability coverage: Covers medical and legal bills in the event you’re liable for an injury or damage to someone else’s property.
• Medical payments coverage: Covers medical bills if someone is injured on your property

Depending on the company, you may have options to purchase add-on coverages, or endorsements, for water backup, scheduled personal property, service lines and more.

Licensed Policygenius agents help customers compare discounts from various companies. You can contact an agent by phone or chat. Common homeowners insurance discounts include savings for bundling home and auto insurance, paying in full for a year of coverage, being claims-free for a certain amount of time, having a newly constructed home and having protective devices, such as a security system. Policygenius notes that having a plan with a higher deductible is another way to lower your premium.

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. Whether you’ve just purchased a new home or are rethinking your current coverage, we recommend giving Policygenius a try.