120+ more*Quotes generated for Insurify users within the last 10 days. Last updated on June 17, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users within the last 10 days. Last updated on June 17, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
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7+ years writing insurance and personal finance content
Contributor to top media, including USA Today
A passionate personal finance advocate, Sarah’s writing has graced the pages of many of the personal finance and insurance industries’ top web publications.
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Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.
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At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
As a personal finance website, Bankrate offers advice about a variety of financial products, including car insurance. The site offers a tool to help drivers explore car insurance quotes across multiple lenders. But after trudging through more than a dozen screens, you’ll discover that drivers must finalize their details with insurance companies outside of Bankrate’s partner interface.
Unfortunately, this slows down the quote-comparison process and can be a hassle if you’re trying to secure a policy. Here’s what you need to know about Bankrate.
Bankrate was originally known as the Bank Rate Monitor, a print publication, in 1976. Since then, Bankrate has evolved into a personal finance website that offers money advice, financial product reviews, and money management tools to assist people in making optimal financial decisions.
The website offers information on almost every personal finance topic under the sun, including sections on credit cards, mortgages, personal loans, investing, home equity, credit scores, and insurance.
As you peruse the information, you can explore financial product reviews and details about lending products and services. Another feature of the site includes comparison lists of deposit accounts, like CDs and savings accounts, and reviews rating different banking options.
Since free services appear on Bankrate, it’s helpful to understand how the website earns money. Bankrate earns commission from advertising, sponsorship placements, and links, according to its website.
Like every platform, Bankrate has advantages and disadvantages to consider. Here’s a closer look at some of its pros and cons.
Works with trustworthy companies
Loan-comparison tools are easy to use
More than four decades of industry experience
Lackluster customer reviews on Trustpilot
Not a direct lender or car insurance company
Must finalize details with insurance company to see your rate
In terms of car insurance, Bankrate has a partnership with Coverage to provide insurance quotes for drivers. You’ll see up to four quotes at the end of the car insurance quote process.
If you want to use Bankrate to explore your car insurance options, the process starts by selecting the insurance tab at the top of the page. From there, select the “Get your customer quotes” tool to be directed to Bankrate’s partner, Coverage.
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Next, you’ll need to provide some basic information, including your age, ZIP code, insurance status, and what kind of insurance you want. You’ll also need to share vehicle information, including vehicle ownership status, make, model, and mileage per year.
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Toward the end, you’ll need to provide some personal information, including your name, gender, homeownership status, educational level, credit score, birthday, marital status, and home address. Finally, you’ll submit your email address.
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Next, you’ll see a list of rates from up to four car insurance companies. The cost is broken down into your monthly payment. Plus, Bankrate shows how much you’d pay and how much you’d save by paying for the policy in full, up front.
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At the end of the process, the site listed several companies but only one quote. Unfortunately, you need to continue to the insurance company’s website to see additional quotes and accurately compare rates.
The process of comparing rates across lending products, including home lending and personal loans, looks a bit different. But prospective home buyers should expect to provide information about their financial situation, including their credit score and income. Comparing rates across different lenders could help you find the most affordable mortgage options for your situation.
Insurify partners with 120+ top insurers for real-time quotes
Although Bankrate has been in business for a long time, customer reviews are mixed. Below is a look at real ratings and reviews from customers.[1] [2]
Trustpilot: Bankrate earned 1.9 out of 5 stars, with almost 800 reviewers.
Better Business Bureau: Bankrate earned an A+ rating from the Better Business Bureau.
Although many people have had a negative experience, some customers enjoy what Bankrate has to offer.
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Bankrate does an excellent job of asking the right questions, but it seems you’re always waiting for a quote that never shows. After answering more than 28 questions and giving out your phone number, email, and home address, you’re still no closer to getting a quote than when you first began. Bankrate mostly redirects you to up to four insurance company websites.
In contrast, Insurify leads you through a quick series of questions. Even with fewer screens to go through, customers end up with up to 20 actual, real-time quotes from insurance companies. For drivers looking to compare quotes across an extensive array of insurance companies in the least amount of time, Insurify is likely a better fit.
But if you’re looking for more personal finance information about credit cards, loans, or investing, Bankrate is a better option.
Score the best rates for your profile
When using Bankrate to get car insurance quotes, you’ll have to share your name and email address. Unfortunately, this could lead to a barrage of emails about your car insurance situation. But since you don’t have to share your phone number with Bankrate to get a car insurance quote, you shouldn’t expect to receive a deluge of calls or texts.
For comparisons of other types of products, like mortgages and personal loans, you might need to share your phone number to get quotes through Bankrate. According to Bankrate’s privacy policy, it may sell your information to lenders. Generally, sharing your number may lead to an uptick in unwelcome phone calls from loan lenders about your lending needs.[3]
If you have more questions about Bankrate, explore the answers below.
Bankrate is fairly straightforward to use. The streamlined process makes it easy to get quotes for car insurance. But you’ll need to finalize your car insurance policy through the insurance company’s website, which can be disappointing for comparison shoppers looking to speed up the process. For other types of products, like home lending and personal loans, Bankrate’s interface makes it easier to explore rates.
Yes, you can use Bankrate’s tools for free. Instead of charging visitors to use the website, Bankrate earns money through advertiser fees. It follows strict editorial guidelines to ensure advertising funds don’t influence product reviews, according to the website’s editorial policy.
No, Bankrate isn’t a direct lender. Instead, Bankrate connects website visitors with various lenders and insurance companies. For example, you might shop for personal loans with Bankrate’s help. But ultimately, you’ll finalize the loan with a direct lender.
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Sarah Sharkey is a personal finance writer who enjoys helping people make savvy financial decisions. She covered insurance and personal finance topics. You can find her work on Business Insider, Money Under 30, Rocket Mortgage, Bankrate, and more. Connect with her on LinkedIn.
Sarah has been a contributor at Insurify since September 2022.
Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.
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