Matic is a digital insurance agency that simplifies the process of comparing home and auto insurance quotes from over 40 carriers. It offers unbiased comparisons of pricing and coverage, allowing users to find suitable policies and potential savings online or with advisor assistance.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Consumers face a complex and time-consuming process when seeking home and auto insurance, often requiring them to contact multiple carriers individually. This fragmented approach can lead to missed savings opportunities and a lack of clarity regarding policy options and coverage details.
Solution
Matic operates as a digital insurance agency, providing a unified platform for comparing home and auto insurance quotes from over 40 A-rated carriers. The service streamlines the insurance shopping experience by pre-filling user information and presenting unbiased comparisons of pricing and coverage. Customers can finalize their policies either online through a digital-first carrier or with the assistance of a licensed advisor, ensuring they find suitable coverage and potential savings. Matic also functions as an embedded insurance solution for businesses, enabling them to offer insurance to their customers.
Target Audience
The primary audience includes individual consumers seeking to simplify their insurance shopping and businesses, such as mortgage lenders, banks, and auto financiers, looking to offer embedded insurance solutions to their customer base.
Features
- Aggregated quotes from 40+ A-rated insurance carriers for home and auto policies.
- Pre-population of user data to expedite the quoting process.
- Unbiased comparison engine that displays pricing and coverage details without carrier preference.
- Option for online policy purchase or consultation with a licensed insurance advisor.
- Embedded insurance marketplace API for integration into partner platforms.
- Licensed in all 50 states, ensuring broad geographic coverage.
- Continuous policy monitoring to identify potential savings and better coverage options.
- Dedicated customer support for policy management and issue resolution.