IN: Insurance Company to Expand Evansville Operations, Add 100+ Jobs
17 May, 2021
EverQuote Inc., an online insurance marketplace, announced plans to add up to 105 new jobs in southwest Indiana by the end of 2024.
"We're grateful for EverQuote's commitment to building upon a Hoosier business foundation, serving customers across the country, while contributing to a thriving southwest Indiana community," said Interim Indiana Secretary of Commerce Jim Staton. "We'll continue to do our part to build on this momentum by sustaining our pro-business climate and show businesses why Indiana is the best state to live, work, play and stay."
Today's news comes less than one year after the company acquired Evansville-based CrossPointe Insurance & Financial Service (CrossPointe), which had been operating in downtown Evansville since 2008. Based in Cambridge, Massachusetts, EverQuote will invest more than $1 million to lease and equip a 14,000-square-foot headquarters facility at 401 SE 6th St. in downtown Evansville. The new headquarters will accommodate the company’s growing team and allow EverQuote to expand its customer base on a national scale.
“We have been thrilled to welcome Crosspointe to EverQuote," said Jayme Mendal, EverQuote CEO. "Our shared passion for innovation and cultural roots in bootstrapping, heart, tenacity and data-driven optimization have been evident since the acquisition. We’ve been consistently impressed with the caliber of talent in the Indiana market and are confident that deepening our commitment to Indiana will help us achieve our ambitious growth plans for our direct-to-consumer agency business.”
EverQuote has roughly 500 associates nationwide, with offices in Seattle, Cambridge and Evansville. The company is hiring in Evansville for sales advisors, customer service specialists, analysts and engineers. Interested applicants may apply online.
Founded in 2011, EverQuote was created with the vision of applying a scientific, data-driven approach to help consumers find the best price and coverage for their individual insurance needs. The company went public in 2018 and later announced plans to enter the health insurance market. Acquiring Crosspointe enabled EverQuote to achieve its health care goals faster, while having a similar focus on data, technology and innovation.
"I'm thrilled EverQuote selected Evansville as a place to continue growing their business," said Evansville Mayor Lloyd Winnecke. "I would like to express appreciation to their leadership team for creating 105 new jobs in our community."
The Indiana Economic Development Corporation offered EverQuote Inc. up to $750,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Evansville supports the project.
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