Tuesday, October 11, 2011

Should I buy insurance from Esurance?

Esurance.svg

Esurance Inc. is an American auto insurance provider headquartered in San Francisco, California. Esurance has 1,700 employees in 14 offices nationwide.

Esurance was founded in 1998 under the name of Silicon Sierra Holdings Inc. by John-Bernard Duler, Jeffrey Goodman, Huyen Bui, David Griffin, and Chuck Wallace.

The founding team raised $5.5 million from Palo Alto Ventures, Trinity Ventures, and Stanford University in May 1999 and a $34 million second round of funding from Redpoint Ventures and Global Retail Partners in November 1999.

Esurance launched its Web site and started writing personal auto insurance in December 1999.

In 2000 Esurance was acquired by Folksamerica Holding Company, Inc. (a subsidiary of White Mountains Insurance Group).

In 2008, Esurance policies in force decreased by 5%. As of 2009, Esurance offers auto insurance in 30 states.

(Source: Wikipedia)

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