Answer Financial, LendingTree partner on mobile

Answer Financial, a subsidiary of Allstate, has announced a partnership with online loan marketplace LendingTree to bring a new insurance comparison tool to LendingTree’s customers.

The online platform, powered by Answer Financial’s mobile comparison software, allows users to review insurance rates, coverage plans and customer feedback on carriers’ products, according to the companies. Answer Financial agents are also be on call to complete policy purchases when needed.

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LendingTree Inc. company headquarters are seen in Charlotte, North Carolina on Monday, May 5, 2003. USA Interactive, the online commerce company headed by Barry Diller, agreed to purchase LendingTree Inc. for $626 million to $734 million, its fourth acquisition in less than 12 months. Photographer: Nell Redmond/ Bloomberg News.

“The Answer and LendingTree offerings are complementary, and teaming up will allow us to help more families and young people get the protection they need,” said Rob Slingerland, Answer Financial CEO, in a statement.

Doug Lebda, LendingTree founder and CEO, added, “We partnered with Answer because their insurance shopping platform brings choice and convenience to consumers. Now, when people are looking for home and auto loans on LendingTree.com, they can also compare prices and buy the necessary home and auto insurance products, all in one place.”

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