What is an Insurance Aggregator?

An insurance Aggregator allows business and personal insurance buyers to compare the policies, coverage, and prices of different insurance companies’ offerings in one place. They are usually, but not always online platforms. Aggregators provide an efficient way for consumers to get instant quotes from multiple insurers, allowing them to make informed decisions about purchasing the right policy. Though aggregators do not usually sell insurance directly, they are a type of insurance intermediary and as such need to be licensed by the Department of Insurance in each state in which they operate.