CoverHound is one of the few online insurance brokers that provides both personal and business insurance, including auto insurance, homeowners insurance, umbrella insurance, and renters insurance. It is best known for partnering with top-rated insurance carriers and for providing comprehensive Commercial Auto Insurance. CoverHound is best suited for condominium owners, motorcycle owners, and contractors with cars.
CoverHound Pros and Cons
Offers insurance protection for both individuals and businesses
Lacks online management of policies
Offers insurance in all 50 states
No mobile app
Does not charge broker fees
No online chat on the site
Offers insurance for motorcycle owners
Who CoverHound Is Best For
- Condominium owners: CoverHound’s condo insurance offers protection for personal properties that may not be covered by your association’s insurance policy. If your condo either has an alarm system, smoke detector, or a sprinkler system, you may also be eligible for a discount for this type of insurance coverage.
- Motorcycle owners: CoverHound’s motorcycle insurance covers both the motorcycle owner and their bikes and ensures that both are protected whenever they encounter accidents.
- Contractors with Cars. CoverHound’s Auto Insurance not only helps insure all vehicles used for business purposes, but it also gives business owners numerous discounts, depending on the insurance carriers available in the area.
Prices for CoverHound insurance products for both Business and Personal Lines are not published on its website. However, business owners can get online quotes by answering questions about their business. Through this, business owners are then able to get monthly and annual quotes as well as insurance information on each chosen insurance product.
CoverHound Alternatives 2020
Business Insurance Broker
New business owners who want expert advice to help determine the coverage they need
Sole proprietors and microbusinesses that need general liability and professional liability insurance
Ecommerce businesses looking for cyber liability insurance and cybersecurity resources
Small business owners who want transparency about extra fees
Tech-savvy business owners who prefer to easily manage their policies online
Contractors who see declines because of high-risk operations
Technology-based businesses that need coverage within 48 hours
High-growth businesses that want directors & officers insurance for investors and their board
CoverHound is one of the few online insurance brokers that provides insurance for both individuals and businesses. CoverHound also specializes in providing insurance among motorcycle owners. Below are some of its most notable features and services.
Online Business Quotes
CoverHound lets business owners have real and actual rates of each insurance coverage type as well as the recommended insurance carrier available in their area. On top of these, CoverHound provides annual and monthly rates as well as information on the coverage like deductibles and coverage limits.
CoverHound offers insurance protection for individuals. Some of these insurance coverages are applicable to homeowners, renters, and motorcycle owners. CoverHound also offers umbrella coverage for the existing auto or homeowners insurance, protecting individuals from larger and potentially more disastrous claims.
Insurance Learning Center
CoverHound provides insurance tips based on the type of insurance coverage business owners are considering to get. It also offers state-specific auto insurance tips that would help car owners in handling auto insurance.
Most Helpful CoverHound Reviews
CoverHound reviews online are a mix of positive and negative feedback. While some have given it positive feedback, particularly with regard to the ease of buying insurance and the ease of navigating their site, some policyholders have also given it negative reviews. Some of the issues raised online include issues with processing auto insurance claims, agents being too forward, and inconsistent payments credited vis-à-vis what was offered.
CoverHound Frequently Asked Questions (FAQs)
Every business situation is unique, and small business owners should seek answers before selecting an insurance provider. We’ve gathered some of the most commonly asked questions about CoverHound below and answered them.
Do the quotes include the filing fee for an SR22?
While an SR22 filing fees average at $20 to $25, these are not included in the quotes generated online by CoverHound. All fees, including filing for an SR22, can be included if a request for final rates is made from a licensed insurance advisor.
Does CoverHound give discounts to insurance premiums?
For auto insurance, there are several discounts offered, depending on the insurance carriers available in your area. These discounts include multipolicy, multicar, multidriver, new car, and safe driver, among others.
Our Top Business Insurance Provider Picks
In case you are still not sure if CoverHound is right for you, then this article on the best business insurance brokers is a review of our top choices. In this guide, we reviewed several brokers and narrowed them down to our top picks based on key criteria like price, carrier and policy options, customer reviews, and additional benefits.