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Social Scout
See what Social Scout found of SelectQuote Auto & Home Insurance Services
Provided by TrustFinance AI Analysis
Social Scout
See what Social Scout found of SelectQuote Auto & Home Insurance Services
Provided by TrustFinance AI Analysis
United States
1985 (41 Years)
Last online: No recent activity
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3
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3.33
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know SelectQuote Auto & Home Insurance Services
Get to know SelectQuote Auto & Home Insurance Services
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Summarization
SelectQuote is a prominent insurance agency renowned for its unbiased price comparisons across various insurance providers. Established in 1985, with significant operations in San Francisco, California, and Leawood, Kansas, the company has cultivated a strong market presence through extensive advertising campaigns and endorsements, notably from financial expert Suze Orman. This review delves into the details of SelectQuote's offerings, strengths, weaknesses, and overall customer experience, focusing specifically on their auto and home insurance services, alongside their other prominent insurance products.
SelectQuote's origins trace back to 1985, establishing a long history in the insurance industry. Its journey has been marked by consistent growth and innovation, making it a significant player in how consumers approach insurance shopping.
A key turning point came in mid-2020 with SelectQuote's public listing, enabling them to expand their insurance platform and diversify their offerings. This significant move reflects the company’s ambition and strategic vision for future growth within the competitive insurance marketplace. For over three decades, SelectQuote has been at the forefront of shaping how people shop for life insurance, demonstrating a commitment to adapting to evolving consumer needs and technological advancements.
SelectQuote holds BBB accreditation since May 1, 1996, showcasing a long-standing commitment to maintaining high business standards and ethical practices. Further solidifying its commitment to employee well-being, SelectQuote has received Great Place to Work certification, with a significant percentage of employees reporting a positive work experience, demonstrating a strong internal company culture.
SelectQuote's portfolio spans various insurance categories, catering to diverse customer needs. They offer:
SelectQuote leverages its custom-built technology to analyze customer data and provide personalized insurance solutions. This technology-driven approach enables efficient quote generation and personalized recommendations tailored to individual circumstances. For healthy applicants seeking life insurance, the company offers a streamlined underwriting process, accelerating the policy acquisition process.
While not explicitly advertised as primary services, SelectQuote's offerings extend implicitly into financial advisory and retirement planning domains. The provision of senior health insurance directly contributes to retirement planning, securing a crucial aspect of their clients' financial future. Furthermore, SelectQuote's substantial underwriting team ensures efficient claims assistance, offering support throughout the entire insurance lifecycle.
SelectQuote strives to provide competitive premium rates, particularly attractive to healthy individuals seeking basic term life insurance coverage. Their pricing strategy focuses on affordability without compromising the essential benefits of insurance protection.
While specific numerical comparisons aren't readily available, SelectQuote's emphasis on competitive pricing for basic term life insurance suggests a pricing structure that aligns favorably with or undercuts industry averages, especially for low-risk individuals. The exact competitiveness varies greatly depending on specific factors like age, health, and coverage amounts.
SelectQuote enhances its affordability with various discounts, including multi-policy discounts (bundling auto and home insurance, for example), safe driver discounts for auto insurance, and loyalty rewards for long-term customers. These initiatives demonstrate a customer-centric approach to pricing.
To attract new customers and retain existing ones, SelectQuote periodically offers promotional deals and limited-time offers. These promotions can significantly reduce premiums, making the service even more appealing to budget-conscious consumers.
SelectQuote offers a multi-channel approach to customer service, providing convenient access through phone, email, and live chat options. This accessibility ensures customers can contact them through their preferred communication method.
To cater to diverse customer needs and preferences, SelectQuote aims for 24/7 support and multilingual assistance, although the extent of multilingual support might vary. This commitment to accessibility underscores their customer-centric philosophy.
SelectQuote emerges as a reputable insurance agency with a substantial track record. Their competitive pricing, comprehensive coverage, and convenient service options are undeniable strengths. However, potential limitations in handling complex policies and underwriting challenges for high-risk individuals should be considered.
