Nowadays, everything can be done online, from visiting your doctor via video to ordering groceries in an app. Buying insurance is no different. Many digital insurance companies offer online and app-based services. For many customers, there is no need to speak with an agent anymore—even for specialty coverage like motorcycle insurance.
The age of insurtech has proven to be very informative, as well. Consumers can get answers to their biggest questions and be seamlessly guided through the insurance-buying process, from determining how much coverage they need to set up a policy in just minutes.
We researched the best digital insurance companies available today to help you find the right coverage, no matter what type of policy you need.
The 6 Best Digital Insurance Providers of 2024
Best Business Insurance: Next Insurance
Best Homeowners Insurance: Lemonade
Best Auto Insurance: Root
Best for Multiple Lines: Esurance
Best Health Insurance: Oscar Health
BEST BUSINESS INSURANCE
Next Insurance
Next Insurance
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Whether you have 20 employees or are a sole proprietor, protecting your small business with insurance can be very important. Next Insurance offers online business insurance coverage for a variety of companies and industries, and buying a policy can take just minutes.
Pros
Eight types of coverage to choose from
Currently available in 49 states
Coverage is offered for 1,300+ different types of businesses.
Buying coverage online usually takes less than 10 minutes
Cons
Not all products are available in every state
Next Insurance was founded in 2016 and offers a variety of small business insurance options to keep you and your company safe whether you have one employee or 20.
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The company has innovated complicated commercial insurance while making it affordable, helping it secure its title as best business insurance in our review.
Through Next Insurance, you can get a quote online in just minutes for general liability insurance, business insurance, business owner’s policy (BOP) coverage, property insurance, commercial truck/auto insurance, workers’ compensation insurance, or professional liability/E&O coverage. All policies are backed by Munich R.E., which holds an A+ (Excellent) rating from AM Best.
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Whether you are a photographer, DJ, contractor, fitness instructor, educator, consultant, or hold one of the 1,300+ professions that Next Insurance covers, you can buy coverage online or over the phone at potentially very low rates.
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Next Insurance. “Next Insurance Covers 1300+ Types of Business.”
Unfortunately, not all business insurance products may be offered in your state.
BEST HOMEOWNERS INSURANCE
Lemonade
Lemonade
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Lemonade takes much of the sting out of the homeowners insurance process, giving you the ability to buy coverage online in a few minutes and even paying out approved claims immediately, to a connected bank account. Lemonade offers a long list of additional coverage options, making it easier to build the policy that suits your exact needs.
Pros
Get a quote in seconds and have a policy in minutes
Leftover funds are donated to charity.
Robust mobile app makes managing coverage and filing claims simple
Simple claims are often paid immediately, and directly into a connected bank account.
Lemonade boasts an A rating for financial stability.
Cons
Not currently rated by AM Best
Lemonade received more than twice the expected number of consumer complaints last year, according to NAIC,
Though Lemonade was only launched in 2015, they have generated some buzz in the property insurance world over the years.
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The company offers homeowners, renters, and condo coverage, with homeowners policies being available in all states plus the District of Columbia.
All policies can easily be purchased online or through Lemonade’s mobile app; in fact, getting a quote only takes a few seconds and buying a new policy takes only a few minutes, which helped make it our choice as best for homeowners insurance. If you have questions, are ready to buy coverage, or need to file a claim, customer service is available by phone, email, or through the company’s robust mobile app.
Lemonade takes a flat percentage of your monthly premiums to cover operating expenses and pay claims with the rest. Anything left after that goes to the charity of your choice. Because Lemonade doesn’t make an additional profit by denying homeowners’ claims or making smaller payouts, it gives many policyholders added peace of mind that they’ll have the coverage they need when they need it most.
While Lemonade has not been evaluated by AM Best, the company does hold an “A” (Exceptional) financial stability rating from financial analysis firm Demotech.