LendingTree Car Insurance Review: Consumer Reviews, Quotes (2024)

LendingTree’s quote-comparison tool, QuoteWizard, is a lead-generation site, meaning you won’t find real-time quotes.

Alani Asis
Written byAlani Asis
Alani Asis
Alani Asis
  • 3 years of content writing

  • Bylines with leading financial publications

Alani is a freelance writer specializing in personal finance. She aims to make complex topics more approachable through fun, digestible content.

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Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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Updated July 18, 2024

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*Quotes generated for Insurify users within the last 10 days. Last updated on July 18, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from July 18, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

Online quote-comparison tools can help you find cheap auto insurance rates based on your situation. But LendingTree’s auto insurance quote-comparison platform, QuoteWizard, is a marketing lead generator that matches users with partner insurance companies and other comparison websites. It makes money by sharing consumer information with other insurance companies and marketing partners.

LendingTree and its QuoteWizard product don’t offer real-time quotes to users at the end of its form, so if you want real-time quotes, you need to look elsewhere.

Quick Facts
  • LendingTree mainly focuses on credit products like loans, refinances, and credit cards.

  • QuoteWizard is LendingTree’s proprietary car insurance quote platform that drivers can use to see best-matched auto insurers.

  • Customers gave LendingTree some mixed online reviews, noting disappointment with not receiving online quotes.

LendingTree at a glance

Founded in 1996 and based in Charlotte, North Carolina, LendingTree has an expansive network of lenders to help you find the best deal on various financial products.[1] It focuses on helping borrowers find the lowest rates for auto loans, personal loans, home equity loans, student loans, mortgage loans, and more.

In addition to loan options, LendingTree also helps users compare insurance products. However, it doesn’t produce real-time auto insurance quotes. After you submit your information, LendingTree will direct you to partnering insurance companies.

While LendingTree’s shopping tool may be underwhelming according to some users, the company also offers resources to help you improve your financial life. For example, users can tap into services like credit report monitoring and credit card comparisons.

Pros
  • Easy and free to use

  • Compares prices and rates for various financial products

  • Many financial resources and tools

Cons
  • Real-time car insurance quotes not available

  • May share your information with third parties[2]

  • Mixed customer reviews online

How does LendingTree work?

QuoteWizard, LendingTree’s proprietary insurance comparison tool, claims to help users find the best policy. It requires you to complete a questionnaire that asks for your personal information, vehicle information, driving history, and more.

On LendingTree’s homepage, you’ll see a menu of options for financial comparison tools. Navigate to the “Insurance” icon and click “Learn More” to land on its insurance page.

Then, select “Auto Insurance” to begin the survey. QuoteWizard will first ask for your vehicle’s year, make, model, and trim. It’ll also ask if you want to include a second vehicle for a 20% multi-car discount.

You’ll answer questions about your coverage history, marital status, and homeowner status, which triggers the option to bundle your renters insurance or home insurance quote for more savings. You’ll also include information about your driving history, such as if you’ve had any at-fault accidents, speeding tickets, or driving under the influence (DUI) convictions. These are factors that may increase your car insurance premiums.

LendingTree requires you to provide your first and last name, email address, phone number, and mailing address to access your results.

Upon completing the survey, QuoteWizard displays insurer recommendations but no prices. It’s worth noting that the results may also include other quote-comparison websites. Once you select “View My Rates,” QuoteWizard directs you to its partner insurance company’s or comparison website to fill out another quote form.

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LendingTree reviews: What real customers are saying

LendingTree’s customer reviews are mixed. It holds a 4.4 out of 5 rating from 13,407 reviews on Trustpilot and a 1.4 out of 5 score from 128 reviews on the Better Business Bureau (BBB) website. Customers on Trustpilot noted satisfactory customer service from LendingTree insurance agents and representatives.

However, QuoteWizard received a volume of complaints. It has a rating of 1 out of 5 stars from 59 reviews on BBB and 1.8 out of 5 stars from 24 reviews on Trustpilot. Many customers mentioned receiving repeated unwanted calls from other lenders. Several also expressed disappointment about the site requiring them to share their information without showing real-time quotes.

LendingTree vs. Insurify

The main difference between LendingTree and Insurify is their focus. Insurify offers only insurance quotes, while LendingTree offers lending and insurance products. In addition, LendingTree’s QuoteWizard tool doesn’t show real-time quotes, while Insurify’s does. After providing your information to LendingTree, you’ll get advertisements from partnered insurance companies instead of live prices. As a result, you may not be getting the best deal on your insurance policy.

Insurify helps you find the cheapest car insurance rates by generating real-time quotes. Insurify’s car insurance quotes let you edit your information at any point of the application, adjusting your rates in real time. Insurify is a good option to save time and energy by comparing multiple rates at the same time.

Additionally, LendingTree receives compensation from other financial institutions by sharing your information. Insurify doesn’t sell your information. Instead, it earns a commission if you purchase a policy from one of its partner insurance companies.

Recent quotes for other Insurify users

Recent car insurance prices for Toyota, Jeep, BMW, and more. Insurify features quotes from 100+ carriers including Elephant, Freedom National, and Just Insure.

*Quotes generated for Insurify users within the last 10 days. Last updated on July 18, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from July 18, 2024. 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 July 18, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from July 18, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

Is LendingTree a spammy site?

LendingTree provides your phone number, email address, and mailing address to companies in its network. As a result, you may receive phone calls and text messages for additional information from those companies.

You can opt out of receiving marketing or promotional messaging through your LendingTree account or by using its opt-out form. If you want to cease communication with its partner companies, you must contact those companies directly.

LendingTree FAQs

Check out Insurify’s guide on finding cheap car insurance, and below are the answers to common questions about LendingTree and QuoteWizard.

  • Is LendingTree easy to use?

    LendingTree is relatively easy to use. However, LendingTree doesn’t generate real-time quotes. You’ll have to re-enter information on its recommended car insurance companies’ websites to get a final quote. 

  • Is LendingTree free?

    Yes. LendingTree’s insurance comparison tool is completely free to use. Its revenue comes from generating leads for partnering companies.

  • Is LendingTree a scam?

    No. LendingTree and its comparison calculator, QuoteWizard, are safe to use. However, it doesn’t generate actual insurance quotes.

Sources

  1. LendingTree. "Meet our Leaders."
  2. LendingTree. "Privacy Policy."
Alani Asis
Alani Asis

Alani Asis is a personal finance freelance writer with nearly three years of experience in content creation. She has landed bylines with leading publications and brands like Insider, Fortune, LendingTree, and more. Alani aims to make personal finance approachable through fun, relatable, and digestible content.

Courtney Mikulski
Edited byCourtney MikulskiSenior Editor, Auto
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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