Insurance Company Comparisons / Compare Buying Insurance: Coverage Cat vs. NerdWallet
Even if you use their tools, Nerdwallet still advises you to shop around for at least three insurers. Coverage Cat simplifies your life by doing that for you — and sometimes a lot more than just three!
NerdWallet is a personal finance company that offers a range of products and services to help consumers make informed financial decisions.
One slice of the company's business are their insurance comparison tools, that allow consumers to compare quotes and coverage options from insurance carriers. Nerdwallet’s mission is “to provide clarity for all of life's financial decisions” something that we fully support at Coverage Cat.
Nerdwallet’s tools help consumers compare car insurance, home insurance, health insurance, and other types of coverage. If you’re willing to share your personal information and previous coverage some of the company’s tools will allow you to receive quotes from insurers.
NerdWallet also offers articles, guides, and information about insurance options not unlike what we have here in the Coverage Cat glossary and insurance explainer pages.
There are shortcomings though: Nerdwallet doesn't help you pick the right upper end limits for your coverage. They do suggest you "cut coverage and rethink your deductible" to save — which is good advice for some users, but is penny wise pound foolish for others.
Coverage Cat will tailor your coverage based on what you're trying to protect, removing a potential source of policy error. Also, even if you use their tools, Nerdwallet still advises you to shop around for at least three insurers. Coverage Cat simplifies your life by doing that for you — and sometimes a lot more than just three!
For those who only need homeowners, renters, auto/car, or umbrella policies, Coverage Cat is an easier choice for buying the best insurance (i.e., not healthcare or commercial insurance).
We choose the best coverage for you, circumvent some of the steps that NerdWallet requires, and quote faster. Both services provide explanations, but ours come attached to a quote so you pay less AND get financial clarity.
So, if you’re in CA, FL, NY, TX, and WA and need car/auto, homeowners/renters, or umbrella insurance, sign up! We’d love to help you optimize your coverage at the best possible price!
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