Haris Ashley
Otto Insurance is a legitimate company, but it is not an insurance company itself. Instead, it is a lead-generation site that connects customers seeking auto, pet, home, life, or commercial insurance with its partners. Otto does not provide direct quotes, and customers have complained about receiving unwanted calls and emails after registering their information on the site.
What You'll Learn
Otto Insurance's legitimacy
Otto Insurance is a legitimate company, but it is not an insurance company itself. Instead, it is a lead-generation site that connects consumers with insurance agencies and carriers. The company was founded to provide affordable, high-quality insurance policies to customers of all backgrounds. Otto works with a network of licensed insurance agents and carriers to provide customers with competitive insurance rates and quotes. It offers various types of insurance quotes, including auto, home, renters, pet, and life insurance.
Otto Insurance is headquartered in Miami Beach, Florida, and was founded by Joshua Keller, who is also the CEO of the company. The company is a wholly owned subsidiary of Global Agora, a venture capital fund, and the parent company is Union Square Media Group.
While Otto is a legitimate company, there are some important considerations to be aware of before using their services. Firstly, Otto does not provide direct quotes, and it shares your information with third-party partners, which can result in unwanted calls, emails, and texts. This has been a common complaint in customer reviews, with some people reporting being bombarded with contacts from insurance companies and agents after requesting a quote. Additionally, Otto does not provide a way to choose which companies receive your information.
Otto Insurance has received mixed reviews, with an average rating on Trustpilot and the Better Business Bureau (BBB). While some customers appreciate the company's affordable pricing and easy-to-use website, others have complained about the excessive contacts and the lack of direct quotes.
In summary, Otto Insurance is a legitimate lead-generation site that can connect you with insurance providers. However, be prepared to receive multiple contacts from insurance companies and agents, and keep in mind that you won't be able to get direct quotes from the Otto website.
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Customer reviews
Otto Insurance is a legitimate business, but it is not an insurance company. It is a lead-generation site that connects consumers with insurance agencies and carriers. The company was founded to provide affordable, high-quality insurance policies to customers of all backgrounds.
While there are positive reviews for Otto Insurance, there are also several negative reviews on Trustpilot and the Better Business Bureau (BBB) that mention the site spammed them with calls and emails after requesting quotes. One customer complained that they received 17 unwanted phone calls within 2 hours of filling out the online form. Another mentioned that they were redirected to another lead-generation site and then to an insurance company's website, where they had to fill out the same information again to get a quote.
Some customers have also called Otto Insurance a "scam", saying that the company sold their information to other insurance companies and that they were bombarded with emails and phone calls from partners. One customer said that they felt Otto Insurance was taking advantage of people by promoting spam. Another mentioned that the advertising was very misleading, with one ad showing a young driver paying a very low monthly insurance rate, which was not the case in their experience.
On the positive side, some customers have praised Otto Insurance for its affordable pricing, easy-to-use website, and responsive customer service. One customer mentioned that they were able to quickly compare rates from different insurers in Florida and find a great rate that fit their needs. Another customer said that Otto Insurance helped them save money on their car insurance and that the entire process was hassle-free.
Overall, while Otto Insurance is a legitimate business, there are mixed reviews from customers. Some have benefited from the service, while others have been frustrated by the number of calls and emails received and felt that the advertising was misleading.
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Pros and cons
Otto Insurance is a legitimate business, but it is not an insurance company. It is a lead-generation site that connects consumers with insurance agencies and carriers. Here are some pros and cons of using Otto Insurance:
Pros
- Option to receive quotes from many insurers
- Easy and free to use
- Offers quotes for car, home, pet, and life insurance
- Quick process to request quotes
- Affordable pricing
- Responsive customer service
- User-friendly website
Cons
- No option to view quotes on the site
- Shares personal information with third parties, which could result in unwanted calls, emails, and texts
- Cannot choose which companies you want rates from
- Lack of information about the company
- No financial strength rating from AM Best
- No current Better Business Bureau profile
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How Otto Insurance works
Otto Insurance is a lead-generation site that connects customers with its partner insurers. It does not offer insurance policies itself but acts as a middleman, matching customers with insurance providers that suit their needs.
To get started with Otto Insurance, you will need to fill out a form on their website. This will require basic information about yourself, such as your name, address, and contact information. You will also need to provide details about the type of insurance you are interested in, such as auto, home, renters, or pet insurance.
Once you have submitted your form, Otto Insurance will match you with a licensed insurance agent. This agent will provide multiple insurance quotes from various carriers, allowing you to compare rates and coverage options. You will then be able to select a policy that suits your needs. The insurance agent will help you complete the necessary paperwork, answer any questions, set up your payment plan, and provide information about how to file a claim.
After purchasing a policy through Otto Insurance, you can manage your policy online. This includes viewing coverage details, making changes to your policy, and paying premiums from the convenience of your computer or mobile device.
Otto Insurance is not an insurance company itself, so it does not set insurance rates or determine the cost of policies. Instead, it provides customers with multiple insurance quotes, allowing them to compare rates and find the best policy for their needs. The rates offered by carriers may vary based on factors such as the customer's driving history, credit score, location, and other personal details.
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Otto Insurance alternatives
Otto Insurance is a legitimate business, but it is not an insurance company. Instead, it is a lead-generation site that connects users with insurance agencies, companies, and comparison sites. While it is a legitimate company, it has built a reputation for limited capabilities and spammy practices. If you are looking for alternatives to Otto Insurance, here are some options:
Mylo
Mylo is a digital insurance agency that offers a range of insurance products, including business insurance and home and auto insurance.
Bubble
Bubble helps streamline and monetize insurance for real estate and mortgage companies by simplifying the process of getting an accurate quote for bundled home and life insurance policies.
Amerus Financial Group
Amerus Financial Group is a full-service insurance brokerage agency that offers insurance brokerage services for health, life, dental, disability, auto, property, and more.
AssureStart
AssureStart offers online small business insurance, including business-owners policies, general liability insurance, property insurance, and worker's compensation insurance.
Insure.com
Insure.com is a platform that allows users to compare and shop for various types of insurance, including auto, health, home, and life insurance. The platform provides information on different insurance companies, their offerings, and customer reviews, helping users make informed decisions.
Branch
Branch provides home, auto, and umbrella insurance services designed to be simple to purchase and built for savings. It primarily caters to the automotive and real estate industries.
ValChoice
ValChoice is a data analytics company that provides independent and unbiased ratings on car and home insurance companies. It helps consumers compare and evaluate insurance based on price, protection, and service.
SimplyInsured
SimplyInsured is a health insurance marketplace and administrative platform for small businesses. It analyzes thousands of insurance policies to find the best coverage, price, and value for each situation and presents the options on a single site.
Cover Genius
Cover Genius offers full-stack insurance distribution platforms for mobility, retail, travel, and shared-economy partners. Its technology includes a distribution platform that provides coverage for any line of insurance in any country, language, and currency.
Matic
Matic is a digital insurance agency that offers a range of insurance products, including home, auto, pet, umbrella, and jewelry insurance. It primarily serves sectors such as mortgage origination, banking, and auto financing.
Compare.com
Compare.com is an insurance comparison site that generates real quotes from reputable insurers. It does not sell user information to third parties, so you won't receive spammy follow-ups.
Insurify
Insurify is another insurance comparison site that provides users with real-time insurance quotes from top insurers. It is a licensed insurance agency in all 50 states, and customer reviews are generally positive.
The Zebra
The Zebra is an insurance comparison website that produces real quotes for users. It does not sell user information, and its quoting form allows users to enter information about their driving record for more accurate quotes.
Jerry
Jerry is an app that lets users compare auto refinancing loans and insurance quotes from top insurers. It is a licensed insurance agency in all 50 states, and customer reviews are positive. Jerry also indicates that users will not receive unwanted phone calls after sharing their information.
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Frequently asked questions
Yes, Otto Insurance is a legitimate company, but it is not an insurance company. It is a lead-generation site that connects consumers with insurance agencies and carriers.
Otto Insurance works by connecting you with a licensed insurance agent who can help you find the best insurance policy to meet your needs. With its vast network of insurance carriers and knowledgeable agents, Otto Insurance makes it easy to compare rates and coverage options.
Some pros of Otto Insurance are that it offers a range of insurance policies, including car, home, and renters' insurance, and that it is easy and free to use. However, a con is that Otto shares your information with third parties, which could result in unwanted calls or emails.
Otto Insurance generates revenue by receiving a commission from the insurance carriers it works with when a consumer purchases a policy through its site.
