Finding the Cheapest Life Insurance Quote


 Finding the Cheapest Life Insurance Quote

We all know that life is unpredictable, but we can take some steps to prepare for the worst. Insurance companies offer a variety of different rates and coverages, so it’s hard to know which company offers the best price for you. We found nine of the most popular companies and rated them based on price, customer satisfaction (based on over 4 million reviews), and overall value (based on our algorithms).

Below are our findings:

-Average insurance cost: $569.21 per year

-Average customer satisfaction score: 3.7/5 stars

-The most popular insurance company: AAA/Allstate, who has over 1.3 million users (based on over 4 million reviews)

-The cheapest life insurance deal: State Farm's Online Plan for $15 per month (Available in 14 states)

Charles Schwab, Inc. ("Schwab") is a registered trademarks and service marks of Charles Schwab Corporation in the United States and other countries. | ©2018 Charles Schwab Corporation • All rights reserved.

State Farm is not affiliated with or endorsed by the U.S. Government. State Farm insurance products and services are provided by State Farm Mutual Automobile Insurance Company or one of its affiliated companies, including State Farm Life Insurance Company, Bloomington, IL and State Farm Guaranty Insurance Company, Springfield, MO; licensed in all states except New York. The licensed business entity for each of these companies is State Farm Mutual Automobile Insurance Company (Owen Daniels). Also not affiliated with nor endorsed by the U.S. Government or Military departments in any way.— See the entire ad

AAA/Allstate receives a score of 3.7/5 stars on Google reviews. They are one of the most popular companies for auto insurance, but have a more limited option for life insurance.

You need to be an Allstate customer to take advantage of their quote service, which allows you to compare rates across all major carriers, but it is possible to get a quote without purchasing coverage from them. If you want to get the most accurate quote for your situation, it’s always best to enter your information so that Allstate can provide you with personalized coverage options.

About Allstate: Allstate Insurance offers affordable rates and claims services tailored towards their customers' needs. State Farm, one of the nation's largest insurance companies, provides property and life insurance in all states besides New York and Pennsylvania.

Allstate Insurance Rating: 3.7/5 Stars based on over 4 Million Reviews on Google (from 2014-2016)

Cigna is a direct subsidiary of AIG. They offer hospital indemnity plans, accident coverage, disability income protection and critical illness insurance policies. Cigna also has access to one of the largest network of providers in the country with approximately 11 percent of U.S. Hospital admissions and 17 percent of U.S. physicians being covered by Cigna members through its subsidiary, Centricity Healthcare Solutions Inc .

Cigna is also expanding their presence in the health insurance market nationally and internationally. For the first quarter of 2017, Cigna’s U.S. hospital service revenue grew 40 percent to $1.09 billion, while its U.S. physician services revenue grew 24 percent to $394 million.

Cigna Rating: 3.5/5 Stars based on over 3.7 Million Reviews on Google (from 2014-2016)

Snap is an online health insurance company that offers plans in nine states. If you live in one of the nine states, they are able to offer you their lowest rate plan.

Per Snap: Snap provides coverage at rates nationwide that are significantly lower than we would have to pay if we purchased our own insurance and enrolled at an out of network provider, by working with providers that are within our network and giving them a chance to get a competitive rate for us and our employer through a contract with Snap.

UnitedHealthcare is a leading health care provider ranked by U.S. News & World Report. A subsidiary of UnitedHealth Group, Inc., it provides insurance for over 7 million members.

UnitedHealthcare also offers dental, vision and hearing coverage through Blue Cross Blue Shield of Georgia (BCBSG). The BCBSG network is available in the state of Georgia.

UnitedHealthcare Rating: 3.3/5 Stars based on over 4 Million Reviews on Google (from 2014-2016)

Coventry is an online health insurance provider that offers a full range of health insurance options. They offer plans in three states and can provide you rate quotes without the need to visit a licensed agent if you are living in those states: Colorado, Maine, or Vermont.

Coventry Rating: 3.2/5 Stars based on over 4 Million Reviews on Google (from 2014-2016)

Aetna is a United States-based managed health care subsidiary of Aetna Inc., a major health benefits provider that operates in several countries outside the United States. Aetna's companies may provide health insurance services through most major carriers in the United States, and it also provides employer group and individual Medicare Part D drug plans. It operates in many countries outside the U.S., including the UK, Mexico, Canada, Australia and South Africa, as well as several member states of the European Union.

Aetna Rating: 3.2/5 Stars based on over 1.1 Million Reviews on Google (from 2014-2016)

Aetna offers an online quote service that allows you to get multiple quotes from Aetna and other national companies. We recommend that you get a quote directly from Aetna and compare it to quotes from other companies in our table above so that you can see how your coverage options stack up against others.

Aetna offers three comprehensive medical plans: the HMO, POS, and PPO. The plans will cover hospital, doctor visits, lab tests, x-rays and most prescription drugs. Aetna also offers dental coverage for adults and vision care for adults under 65 who aren't eligible for Medicare benefits .

Aetna offers two dental plans. The Aetna Dental HMO Plan is an affordable basic plan that provides most of your dental needs at an affordable price. Aetna's Dental PPO Plan includes coverage for major restorative work, and preventive and diagnostic services.

Aetna offers four different hospitalization plans so that you can find the right fit for your coverage needs. They offer the Freedom H5000, Freedom F5000, Freedom P5000 and Freedom P7000 plans which give you access to thousands of providers nationwide and includes inpatient care, outpatient care, lab tests and preventive care provided by doctors in hospitals and clinics.


There are plenty of options for online health insurance quotes. Each one of the providers on our list has their own benefits and drawbacks. Your choice will depend on your situation and needs, but you should be able to find the company that's right for you, whether you're looking for affordable coverage or top-of-the-line care.

This article was written by Adam Milazzo . Adam is the Assistant Editor at PolicyGenius and a student at Pace University in New York City. He is a huge fan of both the Yankees and Knicks. When he isn't watching sports or reading/writing about them, he's listening to hip hop music or making it.

Post a Comment

Previous Post Next Post