Tried it, but the prices were no better than what I currently pay. Also the UI is horrible.
Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
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Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#12showed me quotes of 1200 to 1600 when i'm paying 600 :(
edit: that was the minimum. now with "custom" to reflect what i have it jumped to 1340 to 4800!
Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#13One tip for them would be to allow a user to upload driving record and insurance coverage information from the company a user is currently with.
My first thought is that companies would not want to forward data to a company that enables a current customer to possibly leave for better rates.
Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#14Its interesting to see YC going after such a risky ideas. Perhaps its just a sign of huge cohones, which is good, or maybe just a pure desperation? I mean, they hit jackpot with AirBNB and decided to invested, despite the fact the co-founder was or still is on FBI scamers list [1] and he ran his scheme off of government servers that you and I had to paid for in tax-dollars. But aside this, I get the deception here th…
Trademarks are primarily to protect consumers, not companies. As long as you are referring to Geico, and not trying to name some other company "Geico", you cannot fall afoul of their trademark. The trademark is to make sure that you are referring to the right company, and that's all.
Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#15Tried it and the lowest priced company it showed had a rate that was ~$250 cheaper than the actual quote I could get on the insurers web site. Plus my current company (Safeco) wasn't in the comparison list, which means the cheapest company (for me) isn't shown.
Not being in the US I'm not going to try it, but does this not work like the UK ones, where that's a real actual price and you click straight through to buying with the company at that quote?
--EDIT-- no I see that it does not work like this, now that I've read more about it, it predicts rates. Here's hoping they can actually integrate with insurers in future because the services like that here in the UK are pretty useful.
Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#16There's no way this is accurate for all locations. Some algorithms for insurance calculations are proprietary trade secrets and only the general information about them is filed with the states (not true for all states, but for many it is).
In other words, just going from the State filings is not going to take into account a lot of details that insurance companies are using to calculate your premium.
Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#17I plugged in my current policy (as close as I could get it) into Leaky and it got reasonably close. I have a custom policy ($200 deductible for comprehensive and $500 for collision) and higher than normal coverage for BI and Uninsured ($100k/$300k).
Leaky told me that Geico's 6 month for a policy very similar to mine would be $681. It is actually $516, but it correctly stated that Geico was the cheapest (which it was as of a month ago when I compared them manually).
Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#18There's no way this is accurate for all locations. Some algorithms for insurance calculations are proprietary trade secrets and only the general information about them is filed with the states (not true for all states, but for many it is). In other words, just going from the State filings is not going to take into account a lot of details that insurance companies are using to calculate your premium.
It depends on the state. If your state has crappy regulations, then you're probably right.
If you're in NY, CA, or MA, you're probably in good shape as those states have strong regulations.
Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#19Instead of an insurance comparison service, these guys should start an actual auto insurance company.
Nobody likes insurance companies, so there's certainly a market for an insurance company that people love.
Be ambitious. Build something big. Comparison sites are not a big or ambitious idea. Comparison sites are a feature of bigger platforms. If you're building a platform, call it that. Otherwise, build something bigger.
Re: Auto Insurance Comparison Startup Leaky Launches Nationally, Raises $670K
#20Its interesting to see YC going after such a risky ideas. Perhaps its just a sign of huge cohones, which is good, or maybe just a pure desperation? I mean, they hit jackpot with AirBNB and decided to invested, despite the fact the co-founder was or still is on FBI scamers list [1] and he ran his scheme off of government servers that you and I had to paid for in tax-dollars. But aside this, I get the deception here th…
You're not being down voted because its a YC company, your argument just doesn't make sense as clarified by a sibling comment.