JERRY

Art Agrawal was tired of the insurance shopping process. Every year, you’re supposed to compare rates from multiple carriers, but nobody actually does because it’s boring and confusing.

He founded Jerry in 2017 to build an AI-powered insurance shopping agent.

The app takes your existing policy information, compares it across 50+ carriers, and shows you cheaper options. One tap to switch.

Jerry then monitors rates continuously and alerts you when a better deal is available.

Jerry earns commission from insurance carriers when users purchase policies through the platform. This is the standard insurance broker model, but executed entirely through an app.

The company also earns revenue from refinancing auto loans and selling other financial products.

5+ million users have used Jerry to shop for insurance, making it one of the largest digital insurance marketplaces.

AI insurance shopping — compares 50+ carriers in seconds. One-tap policy switching.

Continuous rate monitoring and alerts. Auto loan refinancing.

Home and renters insurance shopping.

Aggressive mobile app marketing and referral programs. Word of mouth from users who saved money.

Expansion from auto insurance into home insurance, auto loan refinancing, and other financial products. The "save money" value prop is inherently shareable.

Insurance carriers can change commission structures. The company doesn’t underwrite risk — it’s a marketplace — which means it’s dependent on carrier relationships.

Google and Apple could build competing insurance comparison features into their platforms.

Goodwater Capital and Bow Capital led later rounds. Earlier investors include Y Combinator, Bling Capital, and HIKE Ventures.

Total funding of $192 million.