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Reply to Experience with Gabi.com     
Old 06-27-2017, 12:06 AM   #1
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Join Date: Jun 2017
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State: canaria is an Insurance Agent from
Experience with Gabi.com Experience with Gabi.com
Hi,

I have seen a FB ad for Gabi.com - they claim to review my car insurance and check it for a better rate. Has someone used them? They claim to be able to save $410...


Best,
Peter
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Old 06-27-2017, 06:43 PM   #2
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Join Date: Feb 2010
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State: b61mack is an Insurance Agent from Pennsylvania
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Experience with Gabi.com Re: Experience with Gabi.com
they are an insurance agency. check them out... and see.
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Old 06-28-2017, 11:31 AM   #3
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Join Date: Feb 2016
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State: InsCommentary is an Insurance Agent from
Experience with Gabi.com Re: Experience with Gabi.com
I can get you 70% off your car insurance. If you're willing to buy an insurance policy that doesn't cover anything. If you want SOME coverage, then the discount gets smaller and smaller. Auto insurance policies are not the same. There are crap policies being sold in the marketplace. That doesn't mean that every cheaper policy provides less coverage, but it's quite possible. Comparative rating is a waste of time unless you calculate the value of what you purchase, considering price, coverage, YOUR unique loss exposures, claims practices, etc.
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Old 06-30-2017, 05:31 PM   #4
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State: Gabi is an Insurance Agent from
Experience with Gabi.com Re: Experience with Gabi.com
Hi Canaria,

It would be great if you would give us a try. We are an insurance technology startup based in San Francisco.

This is how it works:

1. Signup at gabi(dot)com in less than 1 minute: During signup you are asked what your current insurance company. You can either secure link your online insurance account or send or upload your current policy.

2. Once we have obtained your policy we will send you insurance review within 48 comparing every major insurance company in the market (15). The quotes are for the same coverage you currently have on your policy so you can compare "apples to apples"

3. If you like the savings you can switch with Gabi at no additional cost (prices are the same as directly with the insurance companies)

4. Once you have signed up you can manage all your insurance policies in your account and our software will continuously monitor your rates so you never have to shop for insurance again

What's in it for us? We are a licensed insurance agency in California. So for some policies we sell we earn a commission that is paid by the insurance company, but our software recommends whatever is best for you.

Let us know if you have anymore questions.
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Old 06-30-2017, 09:06 PM   #5
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Join Date: Feb 2016
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State: InsCommentary is an Insurance Agent from
Experience with Gabi.com Re: Experience with Gabi.com
"The quotes are for the same coverage you currently have on your policy so you can compare 'apples to apples'"

No, the quotes aren't...unless the policies are identical as are the carriers' claim practices. Auto insurance is not a commodity. Auto insurance policies are different. Just because the limits and deductibles are the same for Liability, Medical Payments, UM/UIM, and Physical Damage between two companies doesn't make that an "apples to apples" comparison. You have to look at the specific terms and conditions, especially the exclusions and other limitations. Consumers, don't be duped by so-called InsurTech startups. And, sure, it'll only require one minute to track that pea as it moves between the shells.
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Old 06-30-2017, 10:12 PM   #6
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adjusterjack on Experience with Gabi.com
 
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State: adjusterjack is an Insurance Agent from Arizona
Experience with Gabi.com Re: Experience with Gabi.com
Originally Posted by Gabi View Post
We are a licensed insurance agency in California.
Do you only sell insurance in California then?

If you sell insurance in other states are you licensed in each state in which you sell policies?

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Originally Posted by canaria View Post
Hi,

I have seen a FB ad for Gabi.com - they claim to review my car insurance and check it for a better rate. Has someone used them? They claim to be able to save $410...


Best,
Peter
There's another way of doing it. Go to your state's insurance department website and see if they have one of those online premium comparison guides. Many insurance departments publish annual surveys of what insurance companies charge. The survey includes direct writers and companies represented by independent agents. You can also find out how many complaints any particular insurance company has. You still have to do your homework but those surveys give you a starting point.

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Originally Posted by InsCommentary View Post

No, the quotes aren't...unless the policies are identical as are the carriers' claim practices. Auto insurance is not a commodity. Auto insurance policies are different. Just because the limits and deductibles are the same for Liability, Medical Payments, UM/UIM, and Physical Damage between two companies doesn't make that an "apples to apples" comparison. You have to look at the specific terms and conditions, especially the exclusions and other limitations.
I agree with that last sentence. Every insurance buyer should become familiar with the policy terms, conditions, exclusions and limitation.

But I don't agree with the first part of the paragraph.

Auto insurance policies within any particular state are almost identical because the forms have to be approved by the state insurance departments. That's why many insurance companies us the ISO (Insurance Services Office) standard Personal Auto Policy and when they use their own forms the wording is virtually identical. That's because policy terms, conditions, exclusions and limitation have been tested by the courts for many decades and insurance companies vary from those provisions at their peril.
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Old 06-30-2017, 11:55 PM   #7
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Join Date: Feb 2016
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State: InsCommentary is an Insurance Agent from
Experience with Gabi.com Re: Experience with Gabi.com
No, auto policies within a state are not almost identical:

Price Check

Some carriers do use pure ISO forms. Most do not. Even minor form language differences can result in catastrophic coverage gaps. Ask the kid who killed his passenger street racing. His policy excluded racing while the ISO form only excluded racing inside a facility designed for racing.
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Old 07-01-2017, 10:38 AM   #8
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adjusterjack on Experience with Gabi.com
 
Join Date: Jun 2017
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State: adjusterjack is an Insurance Agent from Arizona
Experience with Gabi.com Re: Experience with Gabi.com
Originally Posted by InsCommentary View Post
Some carriers do use pure ISO forms. Most do not. Even minor form language differences can result in catastrophic coverage gaps. Ask the kid who killed his passenger street racing. His policy excluded racing while the ISO form only excluded racing inside a facility designed for racing.
That's an extreme example but you are right. I have a Safeco form from a few years ago that has the more rigorous exclusion which I will call the Stupidity Exclusion.
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Old 07-03-2017, 11:57 AM   #9
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VolAgent on Experience with Gabi.com
 
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Experience with Gabi.com Re: Experience with Gabi.com
I know a person who was looking at Gabi, however he was sent a agent of record form to sign. Why does Gabi need a AOR in order to compare rates?

That seems highly unethical.

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You can pay the premium or you can own the loss.
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