Young Alfred is an online insurance broker that shops home and auto insurance rates for consumers. It works with top carriers such as Progressive, Travelers, Nationwide, and Mercury Insurance to help consumers find great insurance policies that meet their budgets.
Young Alfred uses artificial intelligence technology to analyze billions of data points to help consumers find the proper protection for their homes. To get a quote, you enter your address and use the prompts to describe the property, its roof, and its construction makeup. You also enter into potential risks, such as owning a dog and the breed of dog that you own. The system crunches the data and looks among its carriers for the best place to get you insurance for a great price.
Young Alfred aims to get customers the best price for the policy that they need. Because it is a broker, it doesn’t insure the property itself but instead shops the policy among top carriers to get the best price. This means that consumers are getting a great price for their policy.
The actual price of the policy will depend on many factors. Your location, age of home, and claims history are significant factors in determining price. Also, the construction grade of your home and any extras will increase the price of your home because it will cost more to replace it in the event of a loss.
Take a look at some of the key features found with Young Alfred.
Young Alfred shops policies to over 40 top national insurance carriers. Key partners include:
While Young Alfred requires a lot of information to get a quote, it does this to be accurate and makes the process enjoyable. The interface pulls data from public information to aid you in answering questions you may not have the answers to. It uses images to help you identify key features about your home that are important for insuring it properly. The interface makes it easy to navigate through the questions to get a quote.
From start to finish, Young Alfred takes about ten minutes to get a quote, even though it asks a lot of questions about your home and property. It then puts all that data into the quote engine to determine which insurance company is your best option among its carriers. Many consumers will get a quote immediately after completing the application. Some, however, do have to wait for an email to finalize the quote.
Because Young Alfred works with various insurance carriers, it is able to place policies in all 50 states and Washington, D.C. This means the site is able to help homeowners across the country shop for insurance and save money.
Young Alfred prides itself on customer service. In fact, their motto is “At your service.” While most things are done easily on the online platform, you can reach customer service by calling 855-498-2266 to get a live person on the phone. Representatives are available to answer your questions or help you get assistance on your policies, though most of the servicing is done by the carrier that underwrites the policies.
When working with an online broker like Young Alfred, there are some key things to keep in mind.
The key thing to know about Young Alfred is that it is an online broker. You don’t get a policy directly from Young Alfred. Instead, it shops among partners looking for the best policy and rate for your household. You’ll get a policy directly from the carrier Young Alfred suggests.
Young Alfred works with over 40 insurance companies, offering home, auto, and pet insurance. The company list includes:
Young Alfred offers home, auto, and pet insurance across the country. It will shop for the best policy for your household once you answer some questions on the specifics of your home.
Young Alfred offers insurance in all 50 states and Washington, D.C. This means that anyone in the United States can get insured through Young Alfred’s partners. However, some partners may be limited to the geographic region that they cover.
Young Alfred allows you to upload your insurance declarations page in the application process. By doing this, it can extrapolate the key coverages that you have on your policy to make sure it is shopping for a new policy that meets or exceeds your existing coverage. This is important to make sure that you are adequately insured. While this is optional, it makes a lot of sense to do this and get an apples-to-apples quote.
Young Alfred is free to use and get a quote. You only pay when you choose to buy insurance from one of the partner carriers offered by the quote engine.
Young Alfred makes getting a homeowners insurance quote fast and easy. It takes just ten minutes to complete the application.
The first step in getting a homeowners insurance quote is to enter information about your home. This includes the address, the year it was built, and basic construction information about the walls, interior, and the roof. All this information is used to determine your home's rebuild value, which is a key pricing indicator for a homeowners insurance policy.
Enter other coverage data that includes what property you own, whether there are high-end valuables in the house, and whether or not you have a dog. The system will even ask what breed your dog is to better understand your liability risk.
When you’re done with the application, the system will then search among its partner carriers for a policy that fits your needs. When multiple policies will work, it helps you further by comparing the prices so that you don’t need to overpay for homeowners insurance.
I found the Young Alfred quote application to be longer than most other applications from competitors. However, the system uses its technology to help make the process go by faster and assist me with answering questions that I might not have the answers to.
To start, you enter your contact information.
The system uses your address to help you determine what your real risks are.
The system then looks to get specifics about the homeowners that can be used to get discounts from some carriers.
The system pulls data from Zillow to help you complete the questionnaire.
It asks for details about your home to ensure you get the right coverage.
Then you choose the type of plan you want to shop for.
Young Alfred is a good quote engine designed for homeowners who want to shop for the best rates in policies. As a broker, the tools work for consumers to help them identify their needs and then look for the most competitively priced policies available.
One area that Young Alfred shines in is helping homeowners who don’t have much information about their homes. The system pulls data from public records and gives homeowners details about their homes so that they can enter the best information to get a quote.
Young Alfred is competitively positioned in the homeowners insurance market, working with top competitors and helping homeowners save money. Its key competitors are Policygenius and Lemonade insurance, both online insurance agencies.
Policygenius is an online insurance marketplace that uses licensed agents to help consumers find the right policy and answer their questions about homeowners insurance. It was established in 2014 and uses digital tools to help expedite the process of shopping for and buying insurance.
Lemonade is an online insurance carrier that makes getting a policy easy. It uses artificial intelligence to help consumers shop for a policy. The quotes are instant, and because Lemonade doesn’t have agent offices, it is able to help keep costs down. Most consumers love Lemonade for the discounted premium it offers.
Young Alfred makes shopping for homeowners insurance easy. It uses technology to help it identify and present the best policies for consumers. We especially like the tool that scans your declarations page for existing coverage to ensure that you compare policies properly.
At a minimum, you need to have enough insurance to rebuild your home after a total loss. From there, you want to have enough personal property coverage to replace lost or damaged items and enough liability coverage to protect your assets from a lawsuit.
If you don’t have insurance, you are left footing the bill yourself when there is a loss. Most mortgage companies will require you to have homeowners insurance. If you let a policy lapse, your mortgage provider can buy insurance for the property and charge you for it with the mortgage.
Try to get a homeowners insurance quote a few weeks before your existing policy lapses. This way, you can decide on a new policy before the current policy stops covering the house.
When closing a mortgage, you will need homeowners insurance. This is a requirement by the mortgage company, not the state or federal government. The policy should be effective on the day you take home ownership.
Depending on the terms of your mortgage, you may pay your homeowners insurance premium directly to the carrier or pay it through an escrow account that collects the money when it collects the mortgage payment.