Albert brings CoverHound, Geico, Progressive and Quotacy under one roof
Albert, the financial app offering users a simple way to track their everyday budget and spending while also recommending smart financial moves such as purchasing insurance, announced it has raised $2.5 million in a seed round. The app’s insurance section lists life, auto, home and renters insurance products, which are enabled due to partnerships Albert has with CoverHound on auto insurance, Geico and Progressive on renters insurance, and Quotacy on life insurance. BTW, these partnerships are also how Albert makes money since the app itself is free for all .
Life insurance flow:
Note the Quotacy brand.
Recall: Quotacy is a D2C portal for term life insurance powered by Hallett Financial.
Auto insurance flow:
Note the CoverHound brand.
Recall: CoverHound is a D2C insurance comparison portal for select personal and commercial lines of business.
Renters insurance flow:
Here Albert asks for address to later present users with Geico (first). However, users can also click ‘view other options’, which yields Progressive.