Givesurance makes insurance charitable

givesurance donation wallet for insurance
Charity not only makes you feel good; it’s good for your taxes. In the case of Givesurance, the new app that makes coverage charitable, giving is good for the bottom line, too. Signing up with Givesurance takes money from payments you already make, and gives it to charity. It’s that simple. And no, they’re not a nonprofit.

The secret is Givesurance isn’t focused on paying for advertising, like so many other insurance companies (we’re looking at you, GEICO). As a brokerage, Givesurance returns a portion of its commission to those who join in the form of a donation credit that the insured can give to the charity of their choice. Rather than spending that commission money on wooing new clients (meaning, on advertising), Givesurance works with charities to spread the word of their greatness.

It’s a pretty great idea. Givesurance works like this: tell them your insurance company, renewal date, and policy number to check if you qualify. They’re currently working with a bunch of the big guys; Travelers, Progressive, Metlife, and Zurich among around 200 others in the home, auto, and commercial realms. Some few companies are yet included; if yours isn’t Givesurance can link you up with one of their partners’ similar plans for the same cost to you.

Once you’re in, you get 5 percent of your insurance payment back as a donation credit from your insurer and goes into your donation wallet, much like when someone sends money to your PayPal. In this case, the credits come out of what would have been the brokerage’s end, to the tune of about 30 percent of their total commission.

give insurance app charity

Givesurance still comes out 20 percent ahead, having saved that much over what they would have spent on advertising. No extra charge for you; no charge or penalty to the charity. You choose where the money goes. The list of charities includes Big Cat Rescue, Kids Enjoy Exercise Now, Habitat for Humanity Greater San Francisco, Books for Africa, International Medical Corp, iCare Foundation, and more.

This clever new brokerage is currently serving all policies in California; home, auto, health, and commercial. Home and auto are available in New Jersey, Texas, and Arizona, and will be rolling out in other states over the next six months. Health and commercial are going to be handled case by case for states besides California.

The company was a 500-Startups pick in 2014, and the Givesurance website donation wallet, where you can go to find out more about the company and signup for credits, launched June 25 2015 with funding from Kima Ventures, as well as 500 and Leslie Alexander, owner of the Houston Rockets, among other private investors.

Emerging Tech

Google’s radar-sensing tech could make any object smart

Computer scientists have shown how Google’s Soli sensor can be used to make dumb objects smart. Here's why radar-powered computing could finally make the dream of smart homes a reality.
Smart Home

Want a smarter home? Ditch the keys with these great smart locks

A good smart lock should offer a combination of security and convenience. Fortunately, these devices keep your home protected, your family safe, and your belongings secure from possible intruders.
Home Theater

Looking to cut cable? Here’s everything you need to know about Pluto TV

Pluto TV offers plenty of entertainment in a fashion similar to live internet TV services, only at no cost — you don’t even need to register. Too good to be true? Here’s everything you need to know.

Netflix’s latest price increase heralds the end of streaming’s golden age

Netflix’s recent price rise is just the latest in a string of signs that streaming’s golden age is nearly over. As more services enter the fray, content will be further partitioned, signaling the end of streaming’s good old days.
Emerging Tech

Water-based fuel cell converts carbon emissions to electricity

Scientists from Korea's Ulsan National Institute of Science and Technology have developed a system which can continuously produce electrical energy and hydrogen by dissolving carbon dioxide in an aqueous solution.
Emerging Tech

Scientists investigate how massive stars die in dramatic hypernova events

Our Sun will gradually fade before expanding into a red giant at the end of its life. But larger mass stars undergo extreme explosive events called hypernovas when they die which outshine their entire galaxies.
Emerging Tech

Pilotless planes are on their way, but would you fly in one?

Airbus says advancements in artificial intelligence can help it toward its goal of building a plane capable of fully autonomous flight, though whether passengers can be persuaded to travel in one is another matter entirely.
Emerging Tech

‘Tech vest’ prevents Amazon workers from colliding with robot co-workers

Amazon workers at its fulfillment centers are using "tech vests" to help protect them from collisions with their robot co-workers. The robots already have obstacle avoidance sensors, but the belt offers another layer of safety.
Emerging Tech

3D printers are finally affordable. Here are the best models under $500

3D printer prices have dropped dramatically over the past few years, but just because something is cheap doesn’t mean it’s worth buying. Here, we’ve rounded up all the cheap 3D printers that are actually worth spending your money on.

T-Mobile 5G rollout: Here is everything you need to know

2019 will be a huge year for T-Mobile. Not only is a merger with Sprint likely, but T-Mobile is also in the midst of building out its next-generation mobile service. Here's everything you need to know about the T-Mobile 5G rollout.
Emerging Tech

ANYmal dog robot can get back on its feet when someone pushes it over

Roboticists at ETH Zurich have demonstrated how their ANYmal four-legged robot is capable of taking a kicking and keeping on walking -- or getting back to its feet if it's pushed over.
Emerging Tech

A.I. finds non-infringing ways to copy drugs pharma spends billions developing

Researchers have demonstrated an artificial intelligence which can find new methods for producing existing pharmaceuticals in a way that doesn’t infringe on existing patents. Here's how.
Emerging Tech

Coinstar machines will let you swap cash for Bitcoin at your local grocery store

Coinstar, the company which owns the coin exchange machines found at grocery stores and elsewhere, will soon let you easily buy Bitcoin with your cash money. Here's how it will work.
Emerging Tech

Facebook hasn’t given up on the idea of building an internet drone

Facebook's efforts to provide internet connectivity from the skies using solar-powered drones suffered a blow last year when the company abandoned its "Aquila" drone project. But the company clearly hasn't given up on the idea.