One app can now unlock a whole host of security options
ChicagoAnd April 12, 2023 /PRNewswire/ — Guaranteed Rate Insurance LLC, one of the fastest-growing national insurance brokers, and backed by the nation’s second largest retail mortgage lender, Guaranteed Rate, now offers customers a convenient way to compare and purchase home, auto, life and other insurance policies from more than 50 related carriers. Highly rated, all at once, with one online application.
The new digital insurance marketplace is integrated into the secured mortgage application process, providing an additional way to get to the closing table faster. The Insurance Marketplace is designed to integrate with other business partnerships outside of a mortgage to make buying insurance much easier for customers.
“This platform is yet another example of how guaranteed price insurance can drive innovation in fintech,” Chief Underwriter and EVP, Jeff Wingate, He said. “Our goal is to create a seamless, user-friendly digital experience to meet the fast-paced lifestyles of our customers.”
The application process is simple: Customers can enter basic demographic information to receive a variety of quotes for home and auto insurance coverage. Anyone facing sticker shock with their most recent insurance bill can quickly check to see if there are better, affordable coverage options out there.
To create this new insurance marketplace, the Secured Insurance Product & Technology team has leveraged nearly 30 years of experience in insurance technology to build an innovative, proprietary, secure and intuitive digital experience for the end user.
“While we continue to innovate rapidly, our goal is to continue to provide customers with the best online tools that simplify the process of shopping for, comparing and purchasing insurance. This is our commitment,” he said. Ryan HaggardVice President of Guaranteed Rates Insurance and President of Insurance Products and Technologies.
Guaranteed Price Insurance will continue to expand its digital insurance market throughout 2023 and beyond, bringing additional carriers and platform-integrated products providing customers with more choice and faster results.
“Our parent company has always been a pioneer in technology and a leader in the mortgage space,” Wingate added. “We are now ideally positioned to offer a digital insurance marketplace to ensure our customers are properly covered and confident in their insurance choices.”
The Guaranteed Rates insurance marketplace is available online at rate.com/insurance with agents readily available to help guide and advise clients throughout the process.
About the guaranteed price lock
Guaranteed Price Insurance is a national insurance broker, licensed in all 50 states, that offers personal, business, specialty, and life insurance products. Founded in 2008, Guaranteed Rate is owned by Guaranteed Rate, the nation’s second largest retail mortgage lender. Guaranteed Price Insurance has built a solid reputation for providing customers with impeccable service as evidenced by its 98% customer satisfaction rate*. By combining a growing team of insurance agents with a powerful digital platform, Guaranteed Price Insurance searches for great rates from over 50 highly rated insurance companies, while providing a “personal shopping” experience. Visit rate.com/insurance for more information.
* 98% customer satisfaction: data source is customer satisfaction surveys with a guaranteed rate (average 2020-2021)
SOURCE INSURANCE PRICE GUARANTEED