How much does it cost to build an insurance app?

Standard price for an insurance app: $37,500

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What is an insurance app?

An insurance application is a web, mobile, or desktop application that enables users to make insurance purchases and manage their existing policies. Insurance apps typically include interfaces for viewing real-time insurance quotes and managing existing policies.

Insurance apps often resemble banking apps with their features relating to money management. Popular insurance apps include Allstate, Esurance, Geico, and State Farm.

Here are some recent insurance app examples built with Crowdbotics:

  • An app to support a lockout insurance business. Subscription based membership will provide free locksmith services for a monthly fee. If a user is locked out of their house or car, they will request a locksmith through the app.

What is the typical cost to build an insurance app?

An insurance app usually costs $37,500 to build. However, the total cost can be as low as $25,000 or as high as $50,000. An insurance app with a low number of features (also known as a "minimum viable product", or MVP) will be more affordable than an app that includes all intended functionality.

For example, here are some recent insurance app price quotes from Crowdbotics:

  • $22,500

Here are some considerations that may impact the cost of an app:

How long does it take to build an insurance app?

An insurance app usually takes 300 hours to build. However, an insurance app can be built in as few as 200 hours, or in as many as 400 hours. The exact timeline mostly depends on how complicated your app is. As a general rule, it will take longer if you require highly custom designs, niche features, or non-standard release platforms.

For example, the most recent insurance apps built with Crowdbotics received the following hourly estimates:

  • 300

How to successfully grow your insurance application

An insurance app can use its growth strategy to position itself as a trustworthy company in the eyes of its users. This will allow it to gain more new customers and retain existing ones by providing great customer service and a quick claims process.

Risks and challenges of building a insurance application

An insurance app faces legal and reputational risks associated with the handling of consumer information, data security, and fraud. Insurance apps should take measures to protect personally identifiable information from leaks and limit access to sensitive data to employees who have a business need for that information. Apps should also provide robust mechanisms for reporting fraud and abuse and provide customers with feedback mechanisms for reporting incorrect policies, billing errors, or fraudulent activity.

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Some of the descriptions on this page were completed with AI assistance. Learn more here.