The options for consumers interested in purchasing insurance areincreasing every day. CoverHound, a platformthat allows consumers to compare insurance rates for multipleinsurers, just raised $14 million in Series B financing fromseveral investors:

• RRE Ventures
• Blumberg Capital
• Bullpen Capital
• Core Innovation Capital
• Thomas Lehrman
• Tugboat Ventures
• Route 66 Ventures
• American Family Ventures

To date the company has raised over $20 million in venturefunding.

Compare rates across 21 carriers

CoverHound, which recently partnered with Google on its GoogleCompare platform, allows buyers to compare rates for auto,homeowners, renters and motorcycle insurance across 21 carriers.Users have to input information like zip code, age, type of vehicleand number of drivers, the year they obtained their license,education, if they have any accidents or tickets, average mileagein a year, marital status and other details. The program thenprovides them with multiple coverage options from several insurersin their area within minutes. CoverHound also has a team oflicensed insurance agents who can help customers select the bestcoverage for their needs.

Consumers who have used the platform report an annual savings of$685 according to the company. CoverHound sold $17 million ininsurance last year and anticipates selling more than $45 millionin 2015. Since its inception the company has sold more than 26,000policies.

Platform serves expanding consumer needs

The company has partnered with insurers such as Progressive, TheHartford, Mercury, Travelers, 21^st Century and Safeco.The platform meets the needs of today's consumers who want tointeract with their insurers online and via technology rather thanthrough more traditional channels.