Gabi Insurance has raised $27 million in funding to disrupt insurance brokers and get you better rates for car, homeowner’s, or renter’s insurance. It is also moving into businesses, where it can automate paperwork.
The San Francisco company automates insurance shopping and provides more visibility into insurance rates, allowing people to compare all the major insurance companies’ rates and instantly get a quote. And it does so without forcing you to go to multiple websites and fill out a bunch of forms.
On average, the company is saving consumers over $800 a year, CEO Hanno Fichtner said in an email. He cofounded the company in 2016 with Krzysztof Kujawa, Vincenz Klemm, and Pawel Olszewski.
I went through the process of using Gabi in 2018. It took a while to onboard all of my insurance data, but once I was over that hurdle, the system worked as described. Gabi searched insurance companies for my exact policy requirements, and it came back with 16 quotes.
Eleven companies charged more than my previous insurance company, and four charged less money. I had already used one of those previously, and so I went with the…
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