Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred

(Money Under 30 Rating)

Ranking

9/10

Young Alfred shops multiple insurers to help you find the best price possible on homeowners insurance. You’ll just need to input some basic information and wait for multiple quotes to be delivered to your inbox.

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Rates

9/10

Customer service

8/10

Options available

10/10

Transparency

10/10



Best for:

 

  • Bargain shopping
  • Simplicity
  • Disaster protection

Editor's Note - You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.

If you own a home, homeowners insurance is a necessary (often expensive) expense. But you obviously don’t want to spend more than necessary.

Young Alfred shops multiple insurers to help you find a policy with all the coverage you need at the lowest price possible. Here’s my full review.

What is Young Alfred?

Young Alfred specializes in helping consumers find the best-priced insurance policy to meet their needs. It does this by partnering with more than 40 insurers, each carefully vetted to make sure they meet the company’s rigorous standards.

To get started with Young Alfred, you’ll need to gather some details about your home, including the year it was built and any improvements you’ve made. The application process is detailed, but you’ll find that by providing the information, the quotes you’ll get will be accurate.

How does Young Alfred work?

Young Alfred needs the usual basic information to track down an insurance policy for you. From the main page, you’ll click the “Get Started” button to start the application process.

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - Get quotes

First, Young Alfred needs your street address and contact information.

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - Get started

Unless you’re bundling home and auto, you can only choose one type of policy to quote initially. I chose Home.

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - What type of policy are you looking for?

Young Alfred uses your street address to assess your risk level for various events. My home’s location puts me at high risk for an earthquake and a wildfire. I’m at moderate risk for theft, mold, and snow. The site suggests that I purchase additional earthquake insurance due to this risk.

You can have this report sent to your email if you want to save it for later. 

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - Risk assessment

Young Alfred will gather some basic information about you, including your birth date, gender, and marital status. They also need to know the type of home you’re insuring and contact information for any other adults you’ll have on your insurance plan.

Throughout the process, I loved the fact that Young Alfred doesn’t take itself too seriously. They add a little fun to the application process! 

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - Who lives at your home?

Not only do pictures break up all that text, but they also help out when you’re answering questions about features like the construction of your home. You can quickly scroll down and find the answer that fits your situation.

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - What type of construction is your home?

Using data you provide during the application process, Young Alfred occasionally helps you out, such as searching for a fire station near your address.

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - How far away is the nearest fire station?

Be prepared to provide the date of any updates you’ve done to the home since buying it.

You’ll also need the estimated value of any property worth more than $2,000 in categories like jewelry, photo and video equipment, and computer equipment. You can estimate the total value of your personal belongings, as well as your estimated total worth, but this part is optional.

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - The estimated cost of your belongings

After a few more details about your property, you’ll be connected with insurance quotes. But first, you’ll need to choose whether you want to protect against basic incidents to only the building, extended incidents against the building and basic incidents against personal property, or extended insurance for the building and personal property.

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - How does Young Alfred work? - Choose your plan

Your quote will be sent to your email. From there, you’ll be given the option to take action if you like what you see. There is no obligation to accept one of the offers.

Pricing for Young Alfred

Getting a quote is free, but if you accept one of the quotes, you will have to pay an SR22 filing fee. This typically costs between $20 and $25, but that can vary depending on the insurer you choose.

Young Alfred charges no broker fees for its services. Any fees you pay will be through the insurer you choose. Young Alfred simply shops quotes to help you find the best rate. The company cites an average of $352 savings on insurance premiums.

Young Alfred features

Young Alfred is one of many services that prices multiple insurers, but here are a few things that set Young Alfred apart.

Wide carrier selection

Young Alfred works with more than 40 different insurers, which broadens the options. You’ll be more likely to get a great deal on a policy that meets your needs thanks to this wider range of choices.

Fun, easy-to-use interface

Although the application to get a quote is extensive, Young Alfred livens things up with photos and a little humor. The questions are easy to answer and the process only took me about 15 minutes.

Major insurers as partners

When you work with Young Alfred, you’re getting quotes from some of the top insurers in the industry. Their more than 40 partners include pretty much every insurance company you’ve heard of.

Fast quote turnaround

Not only is the application quick and easy, but you’ll also have your quotes within hours of applying. You can then decide whether you want to switch or keep the policy you already have.

Widespread availability

Some online insurance-matching services are only available to residents in certain states. Young Alfred works with consumers in all 50 states, so you’ll have access no matter where you live.

Great customer service

If you need help at any phase of the process, you can pick up the phone and call. Even once your quotes have arrived in your inbox, you can discuss your options with a Young Alfred representative.

My experience using Young Alfred

Within three hours of finalizing my application, I had three quotes in my inbox. The quotes were from well-known insurers: State Auto, Nationwide, and Progressive.

At the bottom of the email was a button inviting me to choose. I chose State Auto, and set it up to pay via escrow. State Auto worked with my mortgage company to make sure the policy was added to my monthly mortgage payment.

I got a little help in making that decision, though. Within 24 hours, I had an email from Young Alfred recommending State Auto as the best deal.

Overall, Young Alfred connected me with a policy that saves me money on my homeowners insurance each month. The application process was quick and easy, making it time well spent.

Who is Young Alfred best for?

Those with unique needs

Young Alfred asks detailed questions that extract the unique features of your property. This means that the quotes provided to you are personalized to your own needs. If your home is brick and you have clay roof tiles, your quote will include that information.

Bargain shoppers

Young Alfred works with more than 40 insurers to gather quotes for its customers. That saves you time you would have spent shopping around yourself while still giving you the benefits of comparing prices.

Consumers on a deadline

If you need homeowners insurance in a pinch, Young Alfred’s quick turnaround will be a big help. You’ll get a quote within 48 hours, maximum, and often it will be much quicker.

Who shouldn’t use Young Alfred?

Those who prefer an agent

Although you can get help via phone if you need it, Young Alfred isn’t set up for you to work directly with an agent. If you prefer the interaction that comes with setting up your policy through a human, Young Alfred may not be a good fit.

Those who lack information

You’ll be asked for extensive information about your home and your insurance needs. That means gathering the information beforehand. If you can’t access details about when your home was built and when every modification was made, you probably won’t be able to finish the application.

Pros & cons

Pros

  • Fast quote turnaround — Within hours of completing the application, you’ll have quotes in your email inbox
  • Extensive application — The detailed data gathered in the application ensures that your policy is matched as closely as possible to your needs
  • Extensive network of partners — Young Alfred partners with more than 40 insurers, representing all the top names in the industry

Cons

  • Detailed application — You’ll need details on your home to complete the application
  • Completely online — The quote and matching process takes place completely online, which could be an issue for those who like to work with agents

Young Alfred vs. competitors 

 

 Young AlfredPolicygeniusLemonade
Quote turnaroundWithin 48 hoursWithin 48 hoursInstant
FeesNoneNone20%
Unique featureWorks with 40+ insurers, many of which are big namesPolicy re-shopped each year to ensure you’re getting the best priceInsurance is quoted using artificial intelligence to save you time on applying

Young Alfred is one of several companies that help you find the perfect homeowners insurance policy. But here are a couple of others to consider.

Policygenius

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - PolicygeniusPolicygenius combines algorithms with basic details you enter to help you find the best policy. If you have questions during the application process, you can reach a representative over live chat for help. These are customer service representatives, not brokers working on commission, so you won’t have to worry about a hard sales pitch.

One of the best things about Policygenius, though, is that the company shops around every year to see if a cheaper policy is available. The paperwork is handled for you so that you don’t even have to put in an effort to get new quotes.

Lemonade

Young Alfred Review: My Experience Pricing Homeowners Insurance Through Young Alfred - LemonadeLemonade bills itself as the insurance company with a heart. This refers mostly to the company’s practice of delivering any premium overages to charity. They collect a flat 20% fee from each policyholder, take a small cut to cover their operating expenses, and donate what’s left to a cause their members believe in.

Unlike Young Alfred and Policygenius, Lemonade doesn’t shop around for insurance quotes. Instead, they operate on what’s known as a peer-to-peer model. Policies are funded by members like you and pooled. When someone files a claim, the money comes out of that pool.

Summary

Whether you already have homeowners insurance or you’re shopping for a policy for the first time, Young Alfred can help. You’ll input your details and, within a day or two, have three quotes from well-known insurers within Young Alfred’s partner network. By comparing policies, you know you’ll get the best deal on the policy the fits your needs.

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About the author

Total Articles: 51
Stephanie Faris has written about finance for entrepreneurs and marketing firms since 2013. She spent nearly a year as a writer for a credit card processing service and has written about finance for numerous marketing firms and entrepreneurs. Her work has appeared on Retirable, The Motley Fool, MoneyGeek, Ecommerce Insiders, GoBankingRates, and ThriveBy30. Learn more about Stephanie on her website or find her on LinkedIn, Facebook, or Twitter.