EverQuote, Inc.

EverQuote, Inc. operates a leading online marketplace for insurance shopping, connecting consumers with insurance provider customers, including both carriers and agents. The company aims to be a growth partner for property and casualty (P&C) insurance providers. Its results-driven marketplace, powered by a proprietary data and technology platform, helps insurance providers attract and connect with consumers. The marketplace connects insurance providers to a large volume of high-intent, pre-validated consumer referrals that match specific underwriting and profitability requirements. Transparency and campaign management tools allow insurance carriers and third-party agents to evaluate marketing spend performance and manage their return on investment. Consumers use the platform as a single starting point for a comprehensive insurance shopping experience. They can engage with insurance carriers through multiple channels, choosing to visit a provider's website to purchase a policy, engage by phone with a carrier or agent, or submit data to receive quotes. Services are free for consumers. EverQuote primarily generates revenue from consumer inquiries sold as referrals to insurance providers. The P&C insurance market in the United States is a large and fragmented segment of the economy, with over 2,500 insurance carriers and over 100,000 insurance agencies. These entities collectively issued policies representing over $1 trillion in premiums in 2024. U.S. P&C insurance carriers spent $129 billion in 2024 on marketing and distribution to acquire new policies and retain existing customers.