Software that enters a client's information once and returns quotes from multiple carriers side by side for comparison.
Comparative Rater
Software that enters a client's information once and returns quotes from multiple carriers side by side for comparison.
A comparative rater lets an agency enter a prospect\'s details a single time and instantly return premium quotes from many carriers at once, rather than logging into each carrier portal separately. It is most heavily used in personal lines such as auto and home.
By eliminating duplicate data entry and surfacing the most competitive carrier quickly, a rater compresses the quoting process from hours to minutes and improves close rates.
- Common examples: EZLynx, PL Rating (Vertafore), TurboRater, and QuoteRUSH.
- Data flow: many raters "bridge" the entered data back to the carrier site to bind, and can push the resulting policy into the agency management system.
Raters typically require carrier appointments and rating credentials to pull live rates.