Jan

2022

Online Homeowners Insurance

By Michael Pang | 1_Web_Protect | Comments Off

Homeowners Insurance

Homeowners insurance
made easy.

We’ve teamed up with Experian^® to help you protect your home with affordable and easy-to-understand homeowners insurance.

Compare quotes now

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Get coverage that’s a perfect fit.

Personalized coverage

Find the just-right home insurance policy for your life and your needs.
Top insurers

Compare home insurance quotes from up to 30 trusted companies—all in one place.
Great rates

Save an average of $1,342 per year^* when you switch home and auto insurers.
Instant quotes

Get personalized home insurance quotes to compare against your current policy in just five minutes.

How to get homeowners insurance:

Personalize it.

Answer a few questions about your home and needs.
See your quotes.

Get offers from up to 30 top home insurers to find the best rate.
Get covered.

Purchase your favorite homeowners policy. That’s it!

Compare homeowners insurance quotes now

{/* FAQs */}

Homeowners insurance FAQs

How much does homeowners insurance cost?
The average cost of homeowners insurance in the U.S. is typically between $1,000 and $3,000 per year, or $85 to $250 per month. Your exact premium will depend on many factors, like your home’s location, age, and construction type, as well as the amount of coverage you choose.

What does homeowners insurance cover?
Homeowners insurance covers damage to your house, your personal belongings, and your personal liability for accidents. It protects the physical structure of your home from events like fire or storms, covers your stuff inside, and shields your finances if someone is injured on your property.

How much is homeowners insurance on a $400,000 house?
Homeowners insurance on a $400,000 house might range from $1,800 to $3,000 per year, but this can vary widely. While your home’s value is a key factor, your rate is also heavily influenced by its location (think weather risks), the age of the roof, and your personal claims history.

What is homeowners insurance?
Homeowners insurance is a contract between you and your insurer to protect you, your family, and your property from a list of bad stuff that can cause damages or losses. It protects you from a range of things – from your actual home and property to stuff you may accidentally do to other people even when you’re not at your place.

Is hazard insurance the same as homeowners insurance?
No, but hazard insurance is the key part of a homeowners policy that covers the physical structure of your home. Lenders often use the term “hazard insurance” because their main concern is protecting the building itself. A full homeowners policy also includes crucial coverage for your belongings and liability.

Is homeowners insurance required?
While no state law requires homeowners insurance, your mortgage lender will almost certainly require you to have it to protect their financial investment. If you own your home outright, it’s not mandatory, but it’s still essential for protecting yourself from a devastating financial loss.

Is homeowners insurance tax deductible?
Generally, homeowners insurance is not tax deductible for your personal residence. The main exception is if you run a business from your home or rent out a portion of it, in which case you may be able to deduct a percentage of your premium as a business expense.

How much homeowners insurance coverage do I need?
Short answer: Depends on your lifestyle needs and ability to pay up-front. You’ll have to adjust your coverages by taking into account the amount that it’d take to rebuild your home, how much personal stuff you have, and how much personal liability coverage you’ll want.

How do I get homeowners insurance?
You can get homeowners insurance by comparing personalized quotes online from various insurance companies. The process involves providing details about your property to see your options, and then selecting the policy that provides the right protection for your home and budget.

Who is Experian® Insurance Services, and why has SoFi teamed up with them as an insurance provider?
Experian® Insurance Services is our trusted resource for homeowners and renters insurance. Sharing our values of transparency and forward-thinking technology, Experian® offers a seamless insurance shopping experience so you can rest easy knowing you have the right insurance coverage at the right price. You can compare rates from up to 30 top insurance providers in just minutes and easily switch if you find a better deal.

What kind of documents and info do I need to apply for homeowners insurance?
You’ll need to answer a few questions, including the address of the property you’re insuring, and any mortgage docs and lending info you have for your property. You’ll get a quote in minutes!

See all FAQs

Get homeowners insurance today.

Compare quotes now

Jan

05

2022

Online Life Insurance

By Michael Pang | 1_Web_Protect | Comments Off

Powered by

Life insurance
made easy.

SoFi has teamed up with Ladder to

bring you term

life insurance that’s

competitive, quick to set up, and

easy to understand.

Get my quote

Calculate my needs

We are directing you to Ladder to complete your application. SoFi will not be your host and is not responsible for content provided. You will be subject to Ladder’s Privacy Policy and Terms & Conditions. SoFi is compensated by Ladder for each issued term life policy.

{/*Trust Pilot*/}

Why Ladder?

Apply for life insurance coverage in minutes and get a decision instantly. As your life changes, you can always decrease or cancel your coverage with a couple of clicks. No fees, no hassle.

Flexible coverage

Get coverage that ranges from $100K to $8M and 10 to 30 years. Adjust at any time.

Great rates

Ladder offers competitive insurance rates for the coverage that’s right for you.

Quick application

Get your quote and apply in minutes. Medical tests are not required for eligible applicants.¹

Trustworthy

Rated 4.8 out of 5 stars on Trustpilot on over 2,500 reviews.

How to get life insurance:

1

Get started

Select your coverage
amount and term.

2

Apply online

Complete your application in
minutes—eligible cases don’t require a medical test.¹

3

Instant Decision

We value your time.
Check it off your list.

Get my life insurance quote

Easily create and manage your estate plan.

For a limited time get 20% off a trust, will, or guardianship through our partner, Trust & Will.*

Learn more

The service provides forms for your use, not legal advice. Using these documents is not a substitute for obtaining legal advice.

Life Insurance FAQs

What is term life insurance?

Term life insurance is life insurance that provides coverage at a fixed price for a specific period of time. As such, it is often less expensive than permanent life insurance products that typically cover you for the entirety of your life. To find out more about term life and other helpful articles, visit Ladder’s Knowledge Center. You can also reach out to their helpful experts with any questions at 1-855-622-0299.

What is life insurance?

Life insurance is a contract that provides your loved ones with a lump-sum, tax-free payment, known as a death benefit, after you pass away. In exchange for your regular premium payments, it acts as a financial safety net to help your family cover expenses like mortgage payments, college tuition, or daily living costs.

What is whole life insurance?

Whole life insurance is a type of permanent life insurance that provides coverage for your entire life and also builds a cash value that you can borrow against. Unlike term life insurance, which only covers you for a specific period, a whole life policy doesn’t expire and its premiums typically remain the same.

Is life insurance taxable?

No, the death benefit from a life insurance policy is paid out to your beneficiaries almost always 100% income-tax-free. This is one of the most significant advantages of life insurance, as it allows you to pass on money to your loved ones without creating a tax burden for them.

How does life insurance work?

Life insurance works in a few simple steps: you purchase a policy and pay regular premiums to keep it active. If you pass away while the policy is in force, the insurance company pays the predetermined death benefit to the person (or people) you named as your beneficiary. They can then use that money for any purpose.

How much is life insurance?

The cost of life insurance varies widely but can be surprisingly affordable, especially for young, healthy individuals. Your specific premium is based on factors like your age, health, lifestyle (e.g., smoking), and the type and amount of coverage you choose. A healthy 30-year-old, for example, might find a significant term policy for less than $30 a month.

What does life insurance cover?

Life insurance provides a cash payout that your beneficiaries can use for any financial need without restriction. Commonly, life insurance covers everything from immediate expenses like funeral costs to long-term needs like replacing lost income, paying off a mortgage, funding college education, or simply providing a financial cushion during a difficult time.

How much life insurance do I need?

Life insurance needs vary from person to person. Calculate your needs by using this life insurance calculator.

Is there someone I can call to learn more?

You can speak with Ladder’s helpful experts by calling 1-855-622-0299. They are licensed, but not commissioned agents that can answer any questions you might have.

See All FAQs

Ready to get started?

Apply for a policy in minutes.

Get my quote

Jan

05

2022

Online Auto Insurance

By Michael Pang | 1_Web_Protect | Comments Off

Auto Insurance

Auto insurance
made easy.

We’ve teamed up with Experian^® to help you protect your vehicle with the right auto insurance coverage at the right price.

Compare quotes now

{/* RTB + 4 Blocks side by side, needs under curve */}

Get auto insurance coverage that’s right for you.

Compare quotes

Compare auto insurance prices and coverage options from a network of top providers.
Save time

Answer a few simple questions to get all your car insurance quotes in minutes, all in one place.
Personalized coverage

See options tailored to fit your needs and compare them to your current auto policy.
Great rates

Competitive quotes from different car insurance providers could help you save $1,007 a year on average.^*

How to get auto insurance:

Personalize it.

Answer a few questions about your car and insurance needs.
See your quotes.

Get offers from up to 30 top auto insurers to find the best rate.
Get covered.

Purchase your favorite car insurance policy. That’s it!

Compare auto insurance quotes now

{/* FAQs */}

Auto insurance FAQs

How much is car insurance?
The average cost for full coverage car insurance in the U.S. is typically between $1,500 and $2,500 per year, or $125 to $210 per month. Your personal rate depends on a variety of factors, including the car you drive, your driving record, your location, and the amount of coverage you choose.

How do I get car insurance?
You can get car insurance online by providing some basic information to compare personalized quotes from different companies. The process involves choosing the coverage amounts that are right for you, reviewing your options, and then purchasing your chosen policy. You can often get proof of insurance in your email inbox almost instantly.

Who offers the cheapest car insurance?
No single company offers the cheapest car insurance for everyone because each insurer weighs your information differently. A provider that’s cheap for your friend might be expensive for you due to your car, ZIP code, or driving history. The only way to find out who is cheapest for you is to compare personalized quotes.

What is liability car insurance?
Liability car insurance covers the costs for damage and injuries that you cause to other people in an at-fault accident. It’s the minimum coverage required by law in most states, but it’s important to remember that it does not pay for damage to your own vehicle.

What is comprehensive auto insurance?
Comprehensive insurance covers damage to your car from non-collision events that are mostly out of your control. This includes things like theft, vandalism, fire, falling objects, hail, or hitting an animal. It’s the policy that protects your car from almost everything except a traffic crash.

What does full coverage car insurance cover?
“Full coverage” is a term for a policy that combines liability, collision, and comprehensive coverage. This package protects you if you cause an accident (liability), covers your own car from crash damage (collision), and pays for damage from non-crash events like theft or storms (comprehensive).

How much auto insurance do I need?
How much auto insurance you need will depend on your state’s legal requirements and, more importantly, your personal assets. While every state has a minimum, most experts recommend higher liability limits (like 100/300/100) to ensure your savings and property are safe if you cause a serious accident.

Why is car insurance so expensive?
Car insurance costs are based on the level of risk an insurer takes on to cover you and your vehicle. This risk is calculated using statistics tied to factors like your location, driving record, the type of car you own (and its repair costs), your age, and the specific coverages and limits you select for your policy.

How can I lower my car insurance?
The most effective way to lower your car insurance is to compare quotes from multiple companies. Beyond that, you can raise your deductible, ask about discounts you qualify for (like safe driver or bundling), and work on maintaining a good driving record and credit score.

How is Experian® different from other insurance companies?
Experian® is an online insurance broker and agent. Experian® doesn’t replace the insurance company, it just helps you shop. Experian’s product is a free tool that helps you compare auto and home insurance rates across top providers and finds you the cheapest rate for your exact coverage.

How does Experian® work?
Experian® uses the account credentials to your current insurance account (or a PDF of your policy declarations page) to learn about your current coverage details, so you don’t have to input them manually. Experian® uses those details to get you apples-to-apples comparisons for the same coverage from other insurance providers to find a great rate. If you don’t want to use this feature, you can manually enter your information and select coverage type to get a quote.

How does Experian® make money?
Just like all agents, Experian® is paid a commission by the insurance company. There is no upcharge to you, Experian’s tool is free for you to use. These commissions are from the insurance companies’ marketing budgets given Experian® brought them new customers, not from your premiums. Your rates are the rates provided and don’t change. Experian® shows you quotes based on your savings. Experian® does not sell or share your data and doesn’t cold call or spam its customers.

See all FAQs

Get auto insurance today.

Compare quotes now

Jan

05

2022

Online Insurance

By Michael Pang | 1_Web_Protect | Comments Off

Online Insurance

Online insurance
made easy.

We’ve teamed up with top companies to help you find the right insurance at the right price.

Explore coverage

Get insurance coverage you can count on.

Quickly find and compare personalized quotes with Experian^®. You could save $1,007 per year¹ on average when you switch policies.

Learn more

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Term life insurance starts at just $5 a month² through Ladder. It’s easy to understand and quick to set up—no medical exams required.³

Learn more

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Easily compare quotes to find the best deal with Experian^®. You could save $1,342 per year⁴ on average by switching your home and auto insurer.

Learn more

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Find simple, affordable, customized renters insurance with Experian^®. See quotes from the top insurers in under five minutes.

Learn more

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Easily create and manage your estate plan.

For a limited time, get 20% off a trust, will, or guardianship through Trust & Will.*

Learn more

The service provides forms for your use, not legal advice. Using these documents is not a substitute for obtaining legal advice.

Learn more about insurance

See more insurance articles

{/* FAQs */}

FAQs

What is renters insurance?
Renters insurance is a safety net for you and your stuff. Along with loss or damage due to theft, fire, vandalism, some types of water damages, like burst pipes, and other bad things (“perils” in insurance-speak), it can also cover temporary living expenses if your home becomes unlivable, and certain non-physical fees (such as medical or legal fees if someone claims to be injured due to your actions or negligence).

Who is Experian® Insurance Services, and why has SoFi teamed up with them as an insurance provider?
Experian® Insurance Services is our trusted resource for renters and homeowner insurance. Sharing our values of transparency and forward-thinking technology, Experian® offers a seamless insurance shopping experience so you can rest easy knowing you have the right insurance coverage at the right price. You can compare rates from up to 30 top insurance providers in just minutes and easily switch if you find a better deal.

How much homeowners insurance coverage do I need?
Short answer: Depends on your lifestyle needs and ability to pay up-front. You’ll have to adjust your coverages by taking into account the amount that it’d take to rebuild your home, how much personal stuff you have, and how much personal liability coverage you’ll want.

Where can I learn more about Experian^®?
Check out our home and renters FAQ , or feel free to reach out to the Experian® team: [email protected].

What is homeowners insurance?
Homeowners insurance is a contract between you and your insurer to protect you, your family, and your property from a list of bad stuff that can cause damages or losses. It protects you from a range of things – from your actual home and property to stuff you may accidentally do to other people even when you’re not at your place.

How much renters insurance coverage do I need?
Short answer: Depends on your lifestyle needs and ability to pay upfront. Basic renters insurance policies start with $10,000 worth of personal property coverage, and most people get around $30,000 worth of personal property coverage.

Where is Experian^® available?
Experian® is currently available in all 50 states.

What kind of documents and info do I need to apply for homeowners insurance?
You’ll need to answer a few questions, including the address of the property you’re insuring, and any mortgage docs and lending info you have for your property. You’ll get a quote in minutes! Learn more about how to buy homeowners insurance.

What kind of documents and info do I need to apply for renters insurance?
Just your address (and some quick questions about you!) It can take you less than 5 minutes to get a renters insurance policy.

See all FAQs

Insurance made easy.

You could get covered online in minutes.

Explore coverage

Jan

05

2022

Banking Early Access

By Michael Pang | Uncategorized | Comments Off

NEW! Checking and Savings

Better banking is here.
Earn up to 1.00% APY.¹

Upgrade to SoFi® Checking and Savings and set up direct deposit at no cost with no account fees to start earning up to 33x the national average² interest.

Upgrade Now

Note: Upgrade is by invite only.

{/* WHAT’S NEW */}

Get early access to new features.
Keep the oldies but goodies.

What’s new

Increase your APY¹
to up to 1.00%.

33x national average interest²
on your cash.

Different checking and
savings for easy budgeting.

Any Vaults you have will be
moved under savings.

Better banking and user-
friendly interface.

New design that’s even
easier to navigate.

Automated savings
features.

Reach your goals faster with
Autopilot.

{/* WHAT STAYS THE SAME */}

What stays the same

No account fees and free ATMs at 55,000+ Allpoint locations³
Routing number
Debit card (and checks if you have ’em)
No-fee overdraft coverage⁴
All the benefits you love like Vaults, 2-day-early paycheck*, and more
FDIC insurance**
Username and password

*Requires direct deposit
**FDIC coverage will be limited to $250K.

We work hard to give you high interest and charge no account fees. With that in mind, our interest rates are variable and fee structure is
subject to change at any time. See our terms and conditions.

{/* 123 steps */}

1, 2, 3 steps to earn
up to 1.00% APY.¹

Step 1:
Accept Terms & Conditions.
Step 2:
Verify your info.
Step 3:
Enable direct deposit (if you haven’t already).*

Upgrade Now

*You can still upgrade to SoFi Checking and Savings and get our highest APY for the first 30 days. After that, you have to set up direct deposit to continue earning higher APY.

It’s the SoFi you love—and then some.

The scoop: Becoming a bank helps us give our members the better banking they deserve with higher interest on their cash. Plus, favorite features—like no account fees and 55K+ free ATMs³—aren’t going anywhere. Boo ya!

{/* VIDEO */}

{/* FAQ */}

FAQs

When can I upgrade to SoFi Checking and Savings?

Each day we’ll allow more members to upgrade to SoFi Checking and Savings. We expect to open up access to all existing SoFi members in the coming weeks. Check your email for an invitation to upgrade your account or login to the SoFi app to see if you have been invited.

What’s the difference between SoFi Money and SoFi Checking and Savings (banking products)? Isn’t SoFi already a bank?

SoFi is now a nationally chartered bank offering SoFi Checking and Savings. Until now, we’ve been partnering with The Bancorp Bank to provide an all-in-one cash management account.
If you’re a member upgrading from SoFi Money to SoFi Checking and Savings, we’ll make it easy to upgrade to ensure there are no interruptions to your account. You’ll be eligible for a higher APY¹ (annual percentage yield) with no change to your existing routing number, bill pays, or existing SoFi debit and credit cards.

What will my interest rate be on SoFi Checking and Savings?

Members can earn up to 1.00% APY on their Checking and on Savings with qualifying direct deposits. That’s more than 33x² the national average rate for a checking account! Members without direct deposit will earn 0.25% APY which is 8x² the national average.

Will I lose any features or benefits that I currently have with SoFi Money?

FDIC insurance will move from $1.5M of balances held to the industry standard of $250k per member (joint accounts will have $500k in total insurance for the account). Our ATM reimbursement program is changing to only provide reimbursements at the Allpoint Network of 55,000+ ATMs (more than Chase, Wells Fargo, and Bank of America combined)! Members will continue to enjoy no account fees and have access to features like Vaults, automatic savings features, 2-day Early Paycheck*, and no-fee Overdraft Coverage⁴.

See more FAQs

{/* EARN MORE */}

Earn more on your
money—then take
that to
the bank—
with SoFi Checking and Savings.

Upgrade Now

SoFi Blog

Tips and news—for your financial moves.

Online Homeowners Insurance

Homeowners Insurance

Homeowners insurance made easy.

Get coverage that’s a perfect fit.

Personalized coverage

Top insurers

Great rates

Instant quotes

How to get homeowners insurance:

How to get homeowners insurance:

Personalize it.

See your quotes.

Get covered.

Homeowners insurance FAQs

Get homeowners insurance today.

Online Life Insurance

Why Ladder?

How to get life insurance:

1

Get started

2

Apply online

3

Instant Decision

Easily create and manage your estate plan.

Life Insurance FAQs

Ready to get started?

Online Auto Insurance

Auto Insurance

Auto insurance made easy.

Get auto insurance coverage that’s right for you.

Compare quotes

Save time

Personalized coverage

Great rates

How to get auto insurance:

How to get auto insurance:

Personalize it.

See your quotes.

Get covered.

Auto insurance FAQs

Get auto insurance today.

Online Insurance

Online Insurance

Online insurance made easy.

Get insurance coverage you can count on.

Easily create and manage your estate plan.

Learn more about insurance

FAQs

Insurance made easy.

Banking Early Access

Get early access to new features. Keep the oldies but goodies.

What’s new

Increase your APY1 to up to 1.00%.

Different checking and savings for easy budgeting.

Better banking and user-friendly interface.

Automated savingsfeatures.

What stays the same

1, 2, 3 steps to earnup to 1.00% APY.1

Step 1: Accept Terms & Conditions.

Step 2: Verify your info.

Step 3: Enable direct deposit (if you haven’t already).*

FAQs

Earn more on your money—then take that to the bank—with SoFi Checking and Savings.

Tips and news—
for your financial moves.

Homeowners insurance
made easy.

Auto insurance
made easy.

Online insurance
made easy.

Get early access to new features.
Keep the oldies but goodies.

Increase your APY¹
to up to 1.00%.

Different checking and
savings for easy budgeting.

Better banking and user-
friendly interface.

Automated savings
features.

1, 2, 3 steps to earn
up to 1.00% APY.¹

Step 1:
Accept Terms & Conditions.

Step 2:
Verify your info.

Step 3:
Enable direct deposit (if you haven’t already).*

Earn more on your
money—then take
that to
the bank—
with SoFi Checking and Savings.