insurance Quotes is an online service connecting insurance shoppers with carriers by providing insurance quotes to shoppers and leads to insurance agents. The company is headquartered in Austin, Texas and was founded on March 31, 2010.
insuranceQuotes’ parent company, Bankrate, Inc., Inc., was founded in 1976 as a print publisher of the “Bank Rate Monitor”. In 1996, the company began moving its business online. After spending 10 years as a public company traded on the NASDAQ, Bankrate, Inc. was acquired in 2009 by Apax Partners in a transaction valued at approximately $571 million. In 2011, Bankrate, Inc. went public again and remains publicly traded.
In 2008 Bankrate,Inc. acquired InsureMe, an online service connecting insurance shoppers with providers. Over the following 4 years, Bankrate, Inc. continued to grow in the insurance industry, acquiring additional complementary companies including netQuote, Trouvé Media, Lead Karma, and InsWeb/AgentInsider. In March, 2015, Bankrate, Inc. combined their insurance brands into insuranceQuotes as a flagship insurance shopping company.
In November 2015, Bankrate reached a deal to sell insuranceQuotes to All Web Leads, Inc., a portfolio company of Genstar Capital. The transaction is expected to close by December 31, 2015, pending certain closing conditions.
insuranceQuotes.com provides auto insurance, life insurance, homeowners insurance, health insurance, renters insurance, commercial auto insurance and business insurance quotes to consumers and business owners by connecting them with insurance agents looking for leads throughout the United States. The company offers consumers informative, unbiased, and helpful research as well as access to a wide network of carriers and agents. insuranceQuotes.com also provides insurance agents with innovative tools and an account management team.
Besides insuranceQuotes.com, All Web Leads, Inc.’s flagship websites include AllWebLeads.com, netQuote.com, and MedicareGenius.com. All Web Leads,Inc. also owns and operates other personal, business and agent insurance websites.
According to the company, drivers receiving a driving under the influence citation see their respective rates rise by an average of 92%, with reckless driving and speeding at 31 or more mph over the posted limit increases premiums by an average 83% and 29%, respectively. Another survey, done by the Princeton Survey Research Associates, states that Millennials are less likely to have health insurance in comparison to other generations.