6 things to know about insurance startup Young Alfred

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Image Credit: Young Alfred
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If you’re befuddled by the insurance shopping process, you might want to give new website Young Alfred a look.

This insurance startup aims to simplify the process of understanding and buying home, auto, renters and specialty property policies online.

6 things to know about ‘insurance butler’ Young Alfred

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Ever wished you had a knowledgeable, well-mannered family butler to oversee all aspects of your life? Well, while not everyone can afford that, you can afford the virtual equivalent for at least one aspect of your life…

Meet Young Alfred, the insurance butler who can help you get the best deal on many of your insurance needs — for free.

Using artificial intelligence and deep data analytics, Young Alfred vastly simplifies the insurance shopping process.

1. What’s the key thing to know about Young Alfred?

Young Alfred has direct relationships with insurance partners. That means you get a real rate online directly from one of the service’s carrier partners that you can then click to buy.

With Young Alfred, you’re never called by any annoying agent or otherwise harassed with sales pitches on the phone!

As an independent insurance agency, Young Alfred is not in the business of harvesting your info for resale to insurance companies. The site gets compensated by commission from the insurance carrier when you buy a policy.

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2. Which insurance companies does Young Alfred work with?

young alfred home insurance quotes

Progressive, SafeCo, Hippo, and Encompass are just a few of the companies who have a direct relationship with Young Alfred.

3. What kind of insurance policies are offered?

Young Alfred offers a range of policies including:
  • Auto Insurance
  • Homeowners Insurance
  • Condo Insurance
  • Mobile Home Insurance
  • Renters Insurance
  • Umbrella Insurance
  • Flood Insurance
  • Earthquake Insurance
  • Motorcycle Insurance
  • RV Insurance
  • Landlord’s Insurance
  • Personal Articles Policies

4. In which states does Young Alfred offer insurance?

Insurance is available almost everywhere in the U.S. At this time, the only states where you can’t get a policy written are:

  • Alaska
  • Idaho
  • Massachusetts
  • Montana
  • Nebraska
  • North Dakota
  • Rhode Island
  • South Dakota

However, the service does plan to expand to include the entire county soon.

5. Anything else that differentiates Young Alfred from the competition?

There are two proprietary features that really help the site stand out — one called Alfred’s Mind and the other called Scenario Analysis.

With the former, Young Alfred says it analyzes more than a billion data points to pinpoint the likeliest risks you’ll want to insure against based on your exact location. These can include:

  • Flood
  • Earthquake
  • Hurricane
  • Theft
  • Mold
  • Tornado
  • Wind
  • Hail
  • Rain
  • Snow
  • Fire
  • Freezing

Alfred's Mind insurance risks chart

Meanwhile, with Scenario Analysis, Young Alfred picks through the fine print in your policy to help you understand certain situations: For example, how the insurance company figures out depreciation if you have to be reimbursed for older, damaged items.

“If you own a $5,000 home entertainment system, we let you know that your regular homeowners policy will only cover a $2,500 loss on electronics, so you may want to expand your coverage,” the website explains.

6. Does it cost anything to get a quote? 

Never. Nor are there any broker fees you have to pay.

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However, we should note that all Young Alfred quotes do exclude SR22 filing fees, which generally costs $20 to $25. An SR22 is a document that proves you meet your state’s auto insurance requirements. So, you should factor that additional cost in.

“You can get a final rate with all fees included from our licensed insurance representatives,” Young Alfred notes online.

Final thought

Young Alfred offers one way to simplify the insurance shopping process. But remember, simple isn’t always best.

If you want the best coverage for your money, be sure to check out our articles on best auto insurance companies and best home insurance companies before deciding who to go with!

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