Root Insurance vs Monarch Money: Which Should You Choose in 2026?
Choosing between Root Insurance and Monarch Money comes down to understanding what each tool does best. This comparison breaks down the key differences so you can make an informed decision based on your specific needs, not marketing claims.
By Toolradar Team · Last updated February 22, 2026 · Methodology
Short on time? Here's the quick answer
We've tested both tools. Here's who should pick what:
Root Insurance
Car insurance that rewards safe driving with personalized rates.
Best for you if:
- • You need financial planning features specifically
- • Car insurance rates are primarily based on actual driving behavior.
- • Uses a smartphone app to monitor driving for a personalized quote.
Monarch Money
Track, budget, plan, and do more with your money all in one app.
Best for you if:
- • You want the higher-rated option (8.9/10 vs 0.0/10)
- • You need expense management features specifically
- • All-in-one platform for tracking, budgeting, and planning finances.
- • Connects all financial accounts, including investments and real estate, for a complete financial picture.
| At a Glance |  Root Insurance |  Monarch Money |
|---|---|---|
Price | Paid | Paid |
Best For | Financial Planning | Expense Management |
Rating | —/100 | 89/100 |
| Feature | Root Insurance | Monarch Money |
|---|---|---|
| Pricing Model | Paid | Paid |
| Editorial Score | — | 89 |
| Community Rating | No ratings yet | No ratings yet |
| Total Reviews | 0 | 0 |
| Community Upvotes | 0 | 0 |
| Categories | Financial PlanningBudgeting Apps | Expense ManagementFinancial Planning |
How Root Insurance and Monarch Money Compare
Root Insurance
Car insurance that rewards safe driving with personalized rates.
Paid
Monarch Money
Track, budget, plan, and do more with your money all in one app.
Paid · 89/100 score
Root Insurance is a financial planning tool. Monarch Money is in expense management.
Who Should Use What?
On a budget?
Both are paid. Compare plans on their websites.
Go with: Monarch Money
Want the highest-rated option?
Monarch Money scores 89/100. Root Insurance is unrated.
Go with: Monarch Money
Value user reviews?
Neither has user reviews yet.
Go with: Monarch Money
3 Questions to Help You Decide
What's your budget?
Both are paid. Pricing won't help you decide here.
What's your use case?
Root Insurance is a financial planning tool. Monarch Money is in expense management. Pick the category that matches your needs.
How important are ratings?
Not all tools have been rated yet.
Key Takeaways
Monarch Money
- Higher score: 89/100 vs unrated
- Our pick for this comparison
Root Insurance
- Better fit for financial planning
The Bottom Line
Monarch Money (89/100) is our pick.
Frequently Asked Questions
Is Root Insurance or Monarch Money better?
Monarch Money scores 89/100 in our evaluation. Both are paid.
What are Root Insurance and Monarch Money used for?
Root Insurance: Car insurance that rewards safe driving with personalized rates.. Monarch Money: Track, budget, plan, and do more with your money all in one app..
What does Root Insurance cost vs Monarch Money?
Root Insurance is a paid tool. Monarch Money is a paid tool. Visit their websites for detailed pricing.