InsurTech HoneyQuote Partners with First Connect to Give Agents Across the Country Easy Access to the Florida Homeowners Insurance Market

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MIAMI--(BUSINESS WIRE)-- HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida — unlocking new opportunities and efficiencies within the challenging market.

HoneyQuote’s online platform uses proprietary technology to enable users, such as homeowners and distribution partners, to easily compare and purchase insurance coverage from dozens of top Florida carriers. First Connect is an operating subsidiary of Hippo Holdings Inc. that helps connect independent agents with today’s “best-in-class” insurtech providers.

The new partnership offering, known as “HoneyQuote for Agents,” allows First Connect users to seamlessly leverage HoneyQuote’s innovative technology and agency infrastructure to find suitable coverage for their Florida clients.

"HoneyQuote's new product is set to transform how agents engage with the state's demanding insurance marketplace," said Freddy Seikaly, HoneyQuote’s CEO. "The combined expertise of HoneyQuote and First Connect will result in an unparalleled experience for independent agents, ensuring they have the resources to serve their clients effectively."

The partnership comes as independent agents face significant hurdles navigating Florida’s rigorous insurance market, with premiums over three times the national average. In 2023, Floridians will pay an average annual home insurance premium of $6,000, marking a 42% increase from 2022, while the U.S. average stands at $1,700.

As a result, “HoneyQuote for Agents” has already received heavy interest from agents across the U.S., said First Connect President Aviad Pinkovezky.

“We’re also seeing a ton of interest from agents within Florida, which speaks to the attractive efficiency of HoneyQuote’s platform. This collaboration empowers agents anywhere to navigate the region's complexities,” he said. “First Connect is committed to providing agents with the tailored market access they require to excel in serving their clients. This partnership is doing exactly that.”

This initiative further advances HoneyQuote's mission to build an ecosystem where stakeholders - homeowners, agents, referral partners, and carriers - benefit from a tech-enabled insurance buying, selling, and servicing experience in challenging environments. Since its inception, HoneyQuote has collaborated with over 20 of Florida's leading regional insurance carriers and will continue to expand its product offerings to include hard-to-place risks throughout coastal U.S. markets.

About HoneyQuote®

HoneyQuote is a digital insurance agency powered by a proprietary search engine, enabling clients to compare and purchase insurance coverage in an online marketplace. With products spanning homeowners, condo, and flood insurance, HoneyQuote collaborates with 20 of the top insurance carriers, aiming to revolutionize insurance shopping in Florida and beyond. For more information, visit HoneyQuote.com.

About Hippo

Hippo is protecting the joy of homeownership, helping to safeguard customers' most important financial asset by harnessing the power of real-time data, smart home technology, and a growing suite of home services to deliver proactive home protection. Hippo Holdings Inc.'s (NYSE: HIPO) operating subsidiaries include Hippo Insurance Services, Hippo Home Care, First Connect Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Mainsail Insurance Company. First Connect Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing details, visit http://www.hippo.com.

Ivanna Agudo ivanna@schwartz-media.com

Source: HoneyQuote

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