NSI Insurance Group acquires HoneyQuote

Brokerage firm NSI Insurance Group has acquired a majority stake in home and renters insurance comparison site HoneyQuote.com.

Founded in 2018, Florida-based HoneyQuote (a team of ~4 according to LinkedIn) is a home insurance comparison tool that allows homeowners to compare quotes and policies from insurance providers in real-time through its machine learning algorithm. To date, HoneyQuote has insured over $1 billion in property value and partnered with ’30 of the top insurance carriers’ in Florida.

“We could not be more thrilled about the acquisition. Partnering with such an established player in the market with similar entrepreneurial roots poises HoneyQuote to grow exponentially.” – Franklyn Taveras, co-founder at HoneyQuote.

“This acquisition brings our traditionally mature homeowners’ insurance business to the digital age – allowing NSI to be technology-enabled and human-optimized.”  – Oscar Seikaly, chief executive officer of HoneyQuote.

Now, the company is looking to expand its insurance product offerings to include condominium owners, renters, personal umbrella, pet and auto insurance.