Answer Financial Inc.
- Company typePrivate
- Founded1997
- HeadquartersEncino, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
Answer Financial Inc. firmographics
Firmographics- Name
- Answer Financial Inc.
- Legal name
- Answer Financial Inc.
- Website
- https://AnswerFinancial.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Answer Financial Inc. industry classification
Industry- Product category
- Insurance Comparison & Brokerage
- NAICS
- Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Lead Generation, Comparison & Marketplace Platforms (Financial Products) (FSAEAMAM)
Keywords
Where Answer Financial Inc. is headquartered
LocationHeadquarters
- HQ city
- Encino
- HQ country
- United States
- HQ region
- North America
Markets served
Answer Financial Inc. business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Insurance Commission Revenue: Answer Financial acts as an insurance agency representing multiple carriers and receives commissions for policies sold. The company is paid commissions and may receive other performance-based compensation for its services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based insurance comparison across 30+ carrier partners |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Answer Financial Inc. product offering
Product offeringCore offering
Answer Financial operates an online insurance comparison and brokerage platform that aggregates quotes from 30+ top-rated insurance carriers, enabling consumers to compare, purchase, and manage auto, home, condo, renters, earthquake, flood, small business, health, pet, dental, motorcycle, boat, and RV insurance in a single interface. The platform delivers quotes in 10 minutes or less and supports the service with proprietary tools including Rate Tracker™ for ongoing rate monitoring and Answer Roadside™ for pay-as-you-go roadside assistance, generating commission-based revenue from carrier partners.
Product overview
Answer Financial is a multi-carrier insurance comparison and brokerage platform that aggregates quotes from 30+ insurance carriers including Allstate, Progressive, Liberty Mutual, National General, Bristol West, Dairyland, Kemper Auto, Foremost, The General, Mercury Insurance, Clear Cover, and Grange. The platform serves as a unified marketplace for consumers to compare, purchase, and manage various insurance products including Auto, Home, Condo, Renter's, Earthquake, Flood, Small Business, Health, Pet, Dental, Motorcycle, Boat, and RV Insurance. The core offering is the comparison engine supplemented by add-on tools: Rate Tracker for ongoing market monitoring and savings alerts, Answer Roadside for pay-as-you-go emergency assistance, and an Insurance Education Center with video content. The company handles approximately 3.8 million policies and is part of The Allstate Corporation.
Differentiator
Problem solved
Functional benefit
Brands
- Rate Tracker™: A monitoring tool that tracks insurance market rates and alerts customers when opportunities arise to save on their insurance
- Answer Roadside™
Products and services
- Auto Insurance Comparison Multi-carrier auto insurance quote comparison and purchase service allowing individual drivers to compare rates from 30+ top-rated insurance carriers and bind coverage online in 10 minutes or less, with licensed agent support available by phone.
- Home Insurance Comparison Homeowners insurance comparison service that aggregates quotes from multiple carriers for property owners through the online comparison platform, with optional agent assistance by phone.
- Condo Insurance Comparison Insurance comparison service tailored for condominium owners, providing multi-carrier quotes for condo-specific coverage through the Answer Financial platform.
- Renters Insurance Comparison Renters insurance comparison service for tenants renting apartments or homes, providing multi-carrier quote options through the comparison platform.
- Earthquake Insurance Comparison (California) Specialized earthquake insurance comparison service available for California residents through the Answer Financial multi-carrier comparison platform.
- Flood Insurance Comparison Flood insurance comparison service providing multi-carrier quotes for flood damage coverage available through partnered carriers on the Answer Financial platform.
- Small Business Insurance Comparison Commercial insurance comparison service for small business owners, providing multi-carrier quotes for business protection products through the Answer Financial platform.
- Health Insurance Comparison Health insurance comparison service for individuals and families, offering multi-carrier quotes for health coverage products through the comparison platform.
- Pet Insurance Comparison Insurance comparison service for household pets, providing multi-carrier quote options for pet health and accident coverage through the Answer Financial platform.
- Dental Insurance Comparison Dental insurance comparison service offering multi-carrier quotes for dental coverage products for individuals and families through the comparison platform.
- Motorcycle Insurance Comparison Specialized motorcycle insurance comparison service providing multi-carrier quotes for motorcycle coverage through the Answer Financial platform.
- Boat Insurance Comparison Marine insurance comparison service providing multi-carrier quotes for boats and watercraft coverage through the Answer Financial platform.
- RV Insurance Comparison Recreational vehicle insurance comparison service providing multi-carrier quotes for RV coverage through the Answer Financial platform.
- Rate Tracker™ Proprietary post-purchase market monitoring service that tracks insurance market rates and alerts customers via the Answer Financial platform when opportunities arise to save on their existing insurance premiums.
- Answer Roadside™ Pay-as-you-go roadside assistance service with no annual fees or upfront payments, providing emergency coverage on demand through the Answer Financial platform.
Quantifiable outcome
- 4.9/5 customer satisfaction rating from 11,600 reviews
- +2 more outcomes
Companies that use Answer Financial Inc.
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Answer Financial Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Answer Financial Inc. partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core.
- AllstatecoreInsurance carrier partner providing auto and home insurance products through Answer Financial's comparison platform. Featured prominently among the 30+ carrier partners shown on the website.
- ProgressivecoreInsurance carrier partner featured among the primary carrier logos on Answer Financial's platform for quote comparison.
- Liberty MutualcoreInsurance carrier partner featured among the primary carrier logos on Answer Financial's platform for quote comparison.
- National GeneralcoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- Bristol WestcoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- DairylandcoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- Kemper AutocoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- ForemostcoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- The GeneralcoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- Mercury InsurancecoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- Clear CovercoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- GrangecoreInsurance carrier partner featured among the carrier logos on Answer Financial's platform for quote comparison.
- The Allstate CorporationcoreParent company of Answer Financial Inc. Answer Financial is part of The Allstate Corporation, providing brand backing and operational scale. © 2026 Answer Financial Inc. is identified as part of The Allstate Corporation on the website.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Answer Financial Inc. competitors and assessment
Company assessmentDirect peers
- Policygenius: Insurance comparison marketplace originally focused on life insurance but expanded into auto, home, and disability. Comparable multi-carrier comparison model with direct-to-consumer orientation, similar to Answer Financial's broker-orchestrated approach.
- EverQuote: Insurance marketplace connecting consumers with carriers and agents across auto, home, and life insurance. Operates a similar lead-generation and comparison model with publicly reported carrier relationships and consumer shopping data.
- SmartFinancial: Online insurance comparison platform aggregating quotes from multiple carriers for auto, home, and other lines. Competes head-to-head with Answer Financial in the same DTC comparison space.
- The Zebra: Direct-to-consumer insurance comparison marketplace aggregating auto and home quotes from multiple carriers. Closest functional peer to Answer Financial, operating a similar multi-carrier quote engine model with similar target customers.
- QuoteWizard (by LendingTree): Insurance comparison marketplace owned by LendingTree, aggregating auto and home insurance quotes from multiple carriers. Direct peer in the comparison-shopping category.
- Insurance.com: Long-running insurance comparison and quote aggregation site. Functionally analogous to Answer Financial in providing multi-carrier quotes to consumers across P&C insurance lines.
Broad incumbents
- TrustedChoice.com: Network of independent insurance agents providing multi-line coverage including auto and home. While independent-agent-led rather than fully digital, comparable in aggregating multiple carrier offerings for consumers seeking comparison shopping.
Emerging players
- NerdWallet: Consumer financial comparison platform with growing insurance vertical. Overlaps with Answer Financial in insurance shopping/comparison but operates more broadly across financial products.
- CoverWallet: Digital insurance brokerage focused on small business insurance, with carrier comparison capability. Comparable overlap in the small business insurance segment Answer Financial serves.
- Gabi (Experian): Insurance comparison and auto-switching service acquired by Experian. Comparable consumer-facing insurance comparison capability and overlapping target customer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Answer Financial Inc. social profiles
Digital presenceAnswer Financial Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Answer Financial Inc. leadership team
Management profileNumber of profiles
Profiles2 records
Answer Financial Inc. subsidiaries and ownership
Company hierarchySubsidiaries1 record
Answer Financial Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Answer Financial Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Answer Financial Inc.
What does Answer Financial Inc. do?
Answer Financial operates an online insurance comparison and brokerage platform that aggregates quotes from 30+ top-rated insurance carriers, enabling consumers to compare, purchase, and manage auto, home, condo, renters, earthquake, flood, small business, health, pet, dental, motorcycle, boat, and RV insurance in a single interface. The platform delivers quotes in 10 minutes or less and supports the service with proprietary tools including Rate Tracker™ for ongoing rate monitoring and Answer Roadside™ for pay-as-you-go roadside assistance, generating commission-based revenue from carrier partners.
Is Answer Financial Inc. a public or private company?
Answer Financial Inc. is a private company. It is classified as corporate owned and is currently operating.
When was Answer Financial Inc. founded?
Answer Financial Inc. was founded in 1997. It employs 501 to 1,000 people.
Where is Answer Financial Inc. based?
Answer Financial Inc. is headquartered in Encino, United States, in the North America region.
How does Answer Financial Inc. make money?
One revenue line is on record: insurance Commission Revenue.
Who are Answer Financial Inc.'s main competitors?
Direct peers on record are Policygenius, EverQuote, SmartFinancial, The Zebra, QuoteWizard (by LendingTree) and Insurance.com. TrustedChoice.com is listed as a broad incumbent. Emerging players are NerdWallet, CoverWallet and Gabi (Experian).
Does Answer Financial Inc. have an API?
No public API is recorded for Answer Financial Inc..
What industry is Answer Financial Inc. in?
Answer Financial Inc.'s product category is Insurance Comparison & Brokerage. Its primary akta.pro industry code is FSAEAMAM, Lead Generation, Comparison & Marketplace Platforms (Financial Products). Its NAICS code is 524210 and its SIC code is 6411.