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Speaker 1: Insurance companies going high tech to save you time and money.

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Speaker 1: I'm rich Tomiro. This is rich on Tech Daily. There's

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Speaker 1: a new breed of insurance companies out there using technologies

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Speaker 1: like artificial intelligence to streamline the process of comparing rates

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Speaker 1: and getting a policy fast. I'm taking a look today

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Speaker 1: at car insurance and life insurance. Let's take a look

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Speaker 1: at four companies doing things a little differently. Up first, Insurify.

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Speaker 1: This is a comparison site that uses predictive modeling and

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Speaker 1: advanced analytics to help you shop for car insurance, just

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Speaker 1: like you might use kayak Man. I remember when that

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Speaker 1: website first came out many years ago. I was working

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Speaker 1: in Shreveport as a reporter, and I thought it was

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Speaker 1: just the most amazing thing in the world to be

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Speaker 1: able to compare airfares from all different companies. Now it's

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Speaker 1: kind of commonplace. But anyway, back to ensurify. They're coolest feature.

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Speaker 1: You can snap a picture of your license plate to

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Speaker 1: shop for insurance. It's all thanks to their Facebook messenger

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Speaker 1: bot named Eva. You can chat with her back in

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Speaker 1: and fourth She'll answer your questions and she'll even give

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Speaker 1: you rates. She's gonna go and scour records to verify

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Speaker 1: your personal information in driving history, and then she'll send

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Speaker 1: quotes right to Facebook Messenger and sure if I was

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Speaker 1: started by some mit folks, so you know they're smart.

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Speaker 1: They're based in Cambridge, Massachusetts. They're available in all fifty states,

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Speaker 1: and they compare quotes from eighty two different car insurance carriers.

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Speaker 1: All right, Next up, Gabby. This site is my favorite

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Speaker 1: of the bunch because it's so easy to use and

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Speaker 1: what they do just makes a lot of sense. This

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Speaker 1: is another comparison site, but instead of typing in all

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Speaker 1: of your information, all you have to do is upload

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Speaker 1: a PDF of your current policy or better yet, link

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Speaker 1: your insurance account. I know it's a little leap of faith,

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Speaker 1: but once you do that, they can see all the

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Speaker 1: details inside and then they can search through a bunch

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Speaker 1: of companies to let you know if they can get

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Speaker 1: you a better rate for the same exact coverage. I

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Speaker 1: did this. It took about two minutes and it's really cool.

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Speaker 1: Although they did not find me a better rate. Here's

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Speaker 1: the cool part. They'll keep looking so they we don't

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Speaker 1: find you a better rate right away, they'll do another

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Speaker 1: search around renewal time for your policy to make sure

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Speaker 1: that you're still getting a good deal or present you

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Speaker 1: with a better deal. Gabby looked at nearly fifteen thousand

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Speaker 1: car insurance quotes. They found some interesting stuff like money'lls

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Speaker 1: pay about nine percent more than baby boomers. Progressive offers

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Speaker 1: younger drivers rates about fourteen percent lower than older drivers.

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Speaker 1: But Geico has the lowest overall rates. Next up, clear Cover.

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Speaker 1: This is a new type of insurance company. They're not

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Speaker 1: a brokerage. They will actually write your policy. Now, they

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Speaker 1: don't spend a bunch of money on commercials like on TV,

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Speaker 1: so they passed that savings along to customers. Now, I

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Speaker 1: know we just said Geico has the lowest overall rates,

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Speaker 1: but they do spend one billion dollars a year on ads,

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Speaker 1: so that's got to be in their rates somewhere right. Also,

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Speaker 1: Clearcover says they don't play pricing games with made up discounts,

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Speaker 1: they just automatically factor them into their rates. Now, I

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Speaker 1: did a quick comparison and Clearcover definitely has some compelling rates.

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Speaker 1: But right now they're only in California, but they are

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Speaker 1: expanding to other states. Finally, Ladder Life, this is a

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Speaker 1: fast and easy way to get life insurance. Unlike other

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Speaker 1: providers that just give you a quote and then have

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Speaker 1: you fill out a ton of paperwork later, Ladder can

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Speaker 1: write you a policy from start to finish in minutes

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Speaker 1: and with just an online application. Now you will have

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Speaker 1: to answer a ton of questions in the process, but

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Speaker 1: their artificial intelligence does a lot of the work for you.

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Speaker 1: They will let you know if you need lab work,

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Speaker 1: and you can have an insurance policy in place almost

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Speaker 1: immediately through this website. Ladder says their process is ten

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Speaker 1: thousand times faster than the traditional life insurance application, which

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Speaker 1: has been around for like a century, and you can

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Speaker 1: get policies of up to eight million dollars. Plus you

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Speaker 1: can increase or decrease your coverage in the future, so

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Speaker 1: if someone relies on you, think about getting some life

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Speaker 1: insurance in place. All right, thanks so much for listening.

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Speaker 1: If you want links to any of these companies, you

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Speaker 1: can find them on my website. Just go to richon

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Speaker 1: tech dot tv and if you like this podcast, consider

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Speaker 1: leaving a review on Apple podcasts like Sue and Camerio did.

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Speaker 1: She says quote rich on Tech always delivers great information.

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Speaker 1: Love his podcasts and TV spots. I'm such a techy dinosaur,

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Speaker 1: but I can pick up nice tidbits to help me

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Speaker 1: get a little more up to speed. Thanks so much

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Speaker 1: for the kind review, Sue, if you leave one, I

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Speaker 1: might just read it right here. I'm rich damiro Rich

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Speaker 1: on tech dot TV. I'll talk to you real soon