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The software recommends carriers based on the consumer's risk profile and information on which carriers consumers with similar profiles have chosen in the past. EverQuote handles 5 million consumer visits per month and has made 50 million referrals resulting in over $ 3 billion of premiums for agents
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EverQuote matches consumers with a short list of companies it believes will provide the best fit, based on the profile each new user fills out…"If more drivers close with carrier A than carrier B, that data set is letting me know that carrier A is delivering better pricing and better coverage to that
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In 2016, EverQuote launched a new smartphone app called "EverDrive" to help drivers measure their driving safety, based on five criteria: phone use, speeding, accelerating, cornering and braking. Between 1/4 and 1/3 of drivers using this app upgraded their safety skills, over a period of four months,
243:
In response to controversy over the ads, co-founders
Birnbaum and Revesz said that the photos were meant to showcase a "young, diverse" team at EverQuote. In March 2017, Everquote stated that they had paused the ads. Everquote said that future ads would end confusion about the roles of the young
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Those who use EverQuote's
Everdrive app -- which rates drivers on five factors: phone use, speeding, accelerating, cornering and braking -- show a 31% improvement after using the app, according to the company. The data comes from 25,000 drivers, with over 30 million miles tracked, who used the
175:
EverQuote matches insurance-seekers with companies that others with similar profiles preferred in the past. EverQuote does not directly quote insurance rates. Instead, it selects a few companies whose insurance products were bought by similar drivers in the past, and gives those companies the
649:"The level of preconceived design and thought that you seem to want to apply to this was simply nonexistent. We had a team of campaign managers who are diverse in gender and race and background — but many of whom are Boston grads — come up with this idea and design it."
239:
campaign featuring images of two young employees (not always the same two employees,) with text such as "How 2 math grads are disrupting the insurance industry." This juxtaposition suggested to many that the young people in the photo were founders of
Everquote.
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and
Vestmark CEO John Lunny became members of the board of directors. In October 2016, EverQuote received $ 23 million in Series B funding via Savano Capital Partners, Stratim Capital LLC and Oceanic Partners, and T Capital Partners.
219:
In 2017, Everquote added $ 13 million to its previous $ 23M funding. At the same time, they added Mira
Wilczek, CEO of Cogo Labs at the time, to their board of directors, where she replaced Jonathan Shapiro. Since 2019,
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EverQuote's head of communications told Yahoo
Finance the company is in the process of removing the ad with Armin. Moreover, the spokesperson said the company paused the campaign two weeks ago.
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EverQuote was a part of the Cogo Labs incubator program run by the
Massachusetts-based venture capital firm Link Ventures. In 2013, the company moved to its own office space.
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Fast-growing online insurance marketplace EverQuote has tacked on $ 13 million to its previously announced Series B funding round, bringing the total amount to $ 36 million.
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189:, "EverQuote collects referral fees from insurance providers when customers buy policies, but it doesn’t allow companies to pay to be included in its recommendations."
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Seth
Birnbaum, the entrepreneur co-founder and chief executive officer of the Cambridge, Mass.-based online insurance marketplace EverQuote, passed away on Nov. 28.
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201:. Originally named AdHarmonics when it began in 2008, the company changed its name to Everquote in 2011, after creating its online insurance marketplace.
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EverQuote's initial incarnation was as an online marketplace for car insurance. There are currently 70 carriers and 5,000 agencies on the platform.
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In 2020, following the death of company founder Seth
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insurance-seeker's contact information. The company representatives then will quote prices for products they offer.
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Originally founded under the name AdHarmonics in 2008, EverQuote launched its online insurance marketplace in 2011.
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EverQuote began as a marketplace for car insurance but has since expanded to home, health, and life insurance.
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EverQuote was founded in
Cambridge, Massachusetts, by Seth Birnbaum and Tomas Revesz, who met at
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456:"CEO desk: Founders of this fast-growing Cambridge start up don't have time for corner offices"
601:"The real story behind those two math grads who are 'disrupting the auto insurance industry'"
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568:"EverQuote Employees Mourn Sudden Passing of Co-Founder, CEO Birnbaum, 47"
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507:"Insurance Marketplace EverQuote Grabs $ 23M to Goose $ 100M+ Business"
408:"Insurance Marketplace EverQuote Gets $ 13M More as Growth Accelerates"
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kind of consumer without the consumer or us ever having seen a quote."
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476:"Fast-Growing Insurance Matchmaker EverQuote Raises $ 23 Million"
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is an online insurance marketplace founded in 2011 and based in
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544:"Paul F Deninger, Material Impact Inc: Profile and Biography"
183:. Its service is free to insurance-seekers. According to the
633:"The women in that viral ad? Not who you think they are"
526:"EverQuote raises $ 23M as part of its pre-IPO strategy"
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663:"This App Will Tell You If You're a Terrible Driver"
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361:"Everquote Frequently Asked Questions"
454:Hofherr, Justine (24 November 2015).
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732:2011 establishments in Massachusetts
253:to earn better scores from the app.
435:Shemkus, Sarah (11 November 2015).
296:Sanchez, Allie (October 21, 2016).
680:McFarland, Matt (18 August 2016).
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524:Martin, Dylan (20 October 2016).
406:Engel, Jeff (February 23, 2017).
374:O'Brien, Kelly J (June 4, 2018).
330:Borchers, Callum (May 25, 2015).
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599:Hahm, Melody (March 28, 2017).
505:Engel, Jeff (20 October 2016).
179:The company's revenue model is
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661:Martin, Dylan (6 April 2016).
131:Tomas Revesz (Chief Architect)
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235:In 2016, EverQuote began an
16:Online insurance marketplace
81:; 13 years ago
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639:. Boston Business Journal
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283:"EverQuote | About"
162:Cambridge, Massachusetts
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637:The Business Journals
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231:Advertising
168:Description
37:AdHarmonics
716:Categories
553:2024-04-25
461:Boston.com
269:References
121:Key people
578:March 18,
147:everquote
71:component
66:(Class A)
54:Traded as
686:CNNMoney
667:BostInno
643:10 March
257:See also
211:founder
94:Founders
34:Formerly
610:May 24,
511:Xconomy
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193:History
142:Website
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64:EVER
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