Top AI Insurance Shopping Tools

With the rising costs of auto insurance, finding the best rates has never been more crucial. As an insurance reporter, I’ve consistently encouraged readers to explore their car insurance options.

Prices vary widely among companies, and even identical coverage might have different costs. With auto insurance premiums soaring—rising 18% in the past year according to data from The Zebra, averaging $1,084 every six months—comparison shopping is essential for getting the best value. By comparing quotes, maintaining a safe driving record, and improving your credit score, you can save significantly.

While I’ve streamlined my own insurance savings, the process has traditionally been tedious. Navigating multiple insurers’ websites, entering the same details repeatedly, receiving quotes via email, and comparing them can take hours. Fortunately, new AI-powered tools are transforming this experience, allowing users to gather information in just minutes. Although they may not offer complete solutions, these tools serve as excellent starting points for research.

In my recent exploration, I tested three AI auto insurance shopping platforms and identified two that stood out.

Jerry transformed a lengthy process into a swift 15-minute experience. I was genuinely impressed by both its speed and thoroughness.

This platform collects personal data—such as your driving habits, credit score, and vehicle information—to search for quotes from over a dozen insurance providers. Once you obtain these quotes, it’s easy to compare and evaluate your options.

During my experience with Jerry, I was impressed by the tailored options it provided. For instance, it highlighted pay-per-mile insurance options like Mile Auto, which suited my low annual mileage due to remote work. I often recommend this approach to others in similar situations seeking to cut costs.

However, there were a couple of areas where Jerry fell short. First, the options appeared sorted primarily by the lowest premium. While appealing, this often showcased state minimum car insurance policies, which only satisfy legal liability coverage and might not provide adequate protection for your unique needs. After all, state laws don’t consider individual circumstances, like your net worth or the criteria for an umbrella policy.

Moreover, it didn’t present options from smaller, local insurers, such as Erie or NJM. The majority of recommendations were from national brands. I pondered whether including local companies might yield even better rates, but Jerry did not respond to inquiries about which insurers they feature on the platform.

I found Insurify to be a little more complex than Jerry, yet I enjoyed my experience.

Getting started with Insurify requires an account with ChatGPT, but setup is straightforward. When I first tried the tool, I found the conversation to be somewhat open-ended, leaving me uncertain about what details were required. Initially, I only received familiar information.

Returning later, I shared more specifics about myself, enhancing the tool’s usefulness. The more information I provided, the better the estimates and recommendations became. Eventually, it prompted me for further details, significantly enhancing my overall experience.

Whereas Jerry felt akin to receiving a typical online quote, I had to interact with Insurify more like conversing with a live person. By actively engaging, I received increasingly beneficial information. I appreciated how it simplified the complicated terminology in car insurance, making it accessible for those unfamiliar with the industry jargon.

In the end, I received estimates for various coverage options and a suggestion ranking the best insurance providers tailored to my specifics. Like Jerry, Insurify also pointed me toward Mile Auto as a fitting choice for my situation.

The tool also provided clear explanations when I inquired about state minimum car insurance. It detailed what that entails and encouraged me to consider higher coverage limits, along with estimated costs.

Overall, Insurify’s ChatGPT tool proved advantageous for understanding car insurance options and could help you make more knowledgeable decisions while potentially saving money. However, it doesn’t replace the entire shopping process; actual quotes would still require additional steps to finalize coverage.

As I explored the realm of AI-driven insurance comparison tools, I was surprised by the limited options available. Both Jerry and Insurify provided the most thorough shopping experiences. One additional platform I tested—Experian’s insurance marketplace on ChatGPT—offered a broad overview of potential costs but fell short when I requested more detailed exploration, guiding me back to Experian’s website instead.

“We view ChatGPT as a new interface for financial decision-making and are actively working to improve the experience for better discovery and personalization,” a spokesperson from Experian shared with CNBC Select.

It’s worth noting that all AI tools still necessitate inputting the same personal information again on the respective insurer’s websites. While these platforms provided a valuable range of expected prices, obtaining precise quotes still involves extra effort.

Opportunities for innovation in this space remain vast. For now, however, the available tools can save you both time and potentially money in your insurance quest.

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