Do you want to start a car insurance business by buying a franchise? If YES, here are 20 best car insurance franchise opportunities for sale and their cost. If you are looking for a business to start as an entrepreneur and you know that you are interested in the insurance industry, then you should consider starting your own auto insurance business.

If you want to start an auto insurance company, then you need to get an insurance license from the organization regulating the industry in your country before you can start your own auto insurance company. In the united states of America, the National Association of Insurance Commissioners regulates the industry.

The Auto Insurance industry comprises of firms that underwrite, or assume the risk and assign premiums for auto insurance policies. Automobile insurance basically provides financial protection against physical damage to automobiles and bodily injuries resulting from traffic collisions. It is worthy to mention that automobile insurance can also protect against resulting liability.

It is important to point out that auto insurance business is one the businesses that can’t go out of fashion because of the role it plays in the auto industry. Depending on the scale you want to start with, you can start from the scratch or buy the franchise of an existing car insurance company.

Starting a franchise business in the United States of America is one sure way to go especially if you want to avoid the teething process associated with business startups. So, if you want to buy a franchise, in no particular order, here are the 20 best car insurance franchises to buy in the United States of America.

20 Best Car Insurance Franchise Opportunities for Sale and Their Cost

  1. Allstate Insurance Company

One of the most popular car insurance company that has franchise for sale is Allstate Insurance Company. Allstate Insurance provides franchisees with the freedom to operate their own insurance agencies their way. And owners can expect to be well remunerated for good performances.

Allstate sells auto insurance and a wide range of other products through agents in all 50 states and Washington, D.C. You can find an agent or get a quote on Allstate’s website; the company’s mobile app lets you manage your coverage, pay your bill and check on claims.

Discounts are available if you bundle your auto insurance with some of Allstate’s other policies. Coverage is available for homeowners, renters, landlords, boats, businesses and more.

Financial requirements 

  • Initial cash investment – $100,000
  • Liquid capital – $50,000
  1. Boardwalk Insurance Group

Boardwalk Insurance Group is yet another standard insurance company that an aspiring investor who is looking towards buying the franchise of a car insurance company should consider. Boardwalk Insurance allows franchisees to write a policy for pretty much anyone.

But the company specializes in niche markets. You can write personal automobile policies. They also supply policies for skyscraper insurance or government agencies. And independent agents sell all levels of insurance coverage. If you are interested in this franchise, you can contact them via their website for the financial requirements and other useful info.

  1. Brightway Insurance

Brightway Insurance was founded in 2003, the company is now the nation’s seventh largest privately held Personal Lines insurance agency in the country. Brightway Insurance has her head office at 3733 W. University Blvd. Suite 100 Jacksonville, FL 32217. The company has grown from 38 locations in Florida and $36 million in annualized written premium in 2008 to 117 locations in 11 states and over $400 million today.

Brightway Insurance offers a range of insurance services for franchisees covering homes and businesses. And you can also write policies for automobiles and life insurance. The firm offers a centralized service center and accounting office. And franchise owners can also take advantage of their innovative business plan.

Financial requirements 

  • Average initial investment – $140,000.
  1. Estrella Insurance

Estrella Insurance® specializes in auto insurance & car insurance quotes and they have their Corporate Head Office at 3750 W. Flagler St. Miami, FL 33134. Aside from their head office, they also have active office in Florida, Arizona, California, and soon they will open other offices in Ohio and Texas.

After a very successful career in the Life & Health Insurance Industry, Mr. Estrella ventured into almost all lines of insurance, specializing in Auto Insurance; opening his first Estrella Insurance office in 1980, and becoming well known in the South Florida community as “The Lowest Price in Auto Insurance.”

2011-2012 – With new franchisees; Estrella Insurance quickly grows to 51 locations in Miami Dade, Broward and Palm Beach Counties.

Financial requirements 

  • Initial investment – $50,000 to $85,000.
  1. State Farm

State Farm is one of the largest car insurance company in the United States of America. They are known to offer policies nationwide except in Massachusetts and Rhode Island. Their coverage is sold exclusively by captive agents, meaning they sell only State Farm products, but you can get a quote and manage policies online. There is also a mobile app that lets you get quotes, submit claims and view your insurance card.

Aside from car insurance policy cover, State Farm also offers many other types of policies, including renters, business, home, boat, off-road vehicle and commercial auto insurance. In some cases, discounts are available for drivers who buy more than one type of policy.

  1. Goosehead Insurance

Goosehead Insurance is yet another insurance company that sells car insurance franchise to interested investors who are cool with their Business model. The investment gives you access to their innovative franchise business model. You will also enjoy the support of their advisory team.

Financial requirements 

  • Total investment – $60,000 to $130,000
  1. GlobalGreen Insurance Agency

Another car insurance franchise that you should consider buying is that of GlobalGreen Insurance Agency. GlobalGreen Insurance Agency franchise allows you to offer insurance packages for life, automobile, home and commercial operations.

This also includes policies for farms and ranches. GlobalGreen also offers insurance for landlords and renters. You can insure all sorts of recreational vehicles too. If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. Fiesta Auto Insurance Company

Fiesta Auto Insurance Company is a standard car/auto insurance company that was founded in 1999 and they have their corporate head office at 16162 Beach Blvd., Suite #100 Huntington Beach, CA 92647. Fiesta Auto Insurance Company provides top notch products with a level of customer service that is second to none!

Fiesta Auto Insurance originally provides insurance for automobiles, motorcycles and watercraft. But they now offer packages for businesses and homeowners too.

Franchises also offer special packages that cover public events and workers’ compensation. Finally, Fiesta franchises also offer a tax preparation service. If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. GreatFlorida Insurance

GreatFlorida Insurance company is another insurance company that sells car insurance franchise to interested investors. GreatFlorida Insurance offer ongoing advice to help you keep up with the dynamically changing insurance market.

The company sold over $400 million in premiums in 2017.  It also ranked 10th in the Top Insurance Agency rankings by Insurance Journal Magazine. If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. Insurance Lounge

If you are interested in buying a car insurance franchise in the United States, then you should consider buying that of Insurance Lounge. Insurance Lounge focuses on making the insurance purchasing experience is as enjoyable as possible.

The company seeks to make prospecting for new clients a thing of the past. Instead their retail setting and attractive design bring the clients to you. This franchise opportunity suits anyone with an insurance background. But the Insurance Lounge network also provides access to a support team of experienced professionals.

  1. Pronto Insurance

Another car insurance franchise that is up for sale in the United States of America is Pronto Insurance. Pronto Insurance aims to offer more affordable insurance products. The company specializes in auto, home and commercial insurance coverage.

Franchises focus on non-standard consumers. For example, the company serves the Hispanic market. If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. We Insure Group

We Insure Group was founded in 2009 by Phil Visali and the company started franchising since 2010. We Insure Group has their corporate head office at 3020 Hartley Rd Ste 300 Jacksonville, FL 32257. After years of building relationships with top insurance companies, Phil envisioned this new and better way for agents to gain market access.

Once he secured multiple carrier relationships, he saw the need for full back-end support. We Insure then developed a revolutionary support system that allows their agents to focus on what they do best – sell insurance.

We Insure agency owners focus all of their time on customer service, while corporate provides all of the back support, call center, technologies and tools needed to be successful. We Insure Group consists of 91 retail locations with more than 300 people and over $150 million in annual sales.

We Insure agency owner’s focus all of their time on customer service, while corporate provides all of the back support, call center, technologies and tools needed to be successful. We Insure offers home, auto and business insurance through more than 150 top-rated carriers with franchise opportunities in Florida and Georgia.

A former insurance agent founded We Insure. The company believes its successful business model accounts for its impressive growth. The company now boasts over 20 franchise agencies.

Financial requirements 

  • Initial investment – $50,000
  • Liquid capital – $30,000
  1. Geico

Another car insurance franchise that is up for sale in the United States of America is Geico Insurance. Geico sells auto insurance directly to customers online or by phone, but agents are available in some states. You can buy and manage policies through Geico’s website or mobile app, and voice assistance is available through the app or via Amazon’s Alexa. Policies are available in all 50 states and Washington, D.C.

In addition to auto insurance, Geico offers umbrella liability coverage and insures motorcycles and all-terrain vehicles. Auto insurance discounts are available to customers who buy other policies, such as home insurance, from companies that have partnerships with Geico.

If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. Progressive Auto Insurance

Progressive auto insurance policies are available in all 50 states and Washington, D.C. You can buy coverage online, by phone or through an agent, but beware, prices vary depending on how you buy. You can manage your policy with a mobile app and get help from a digital voice assistant through Google Home.

In addition to car insurance, Progressive sells umbrella liability policies, commercial auto insurance and coverage for other vehicles such as boats and snowmobiles. Car insurance discounts are offered to customers who buy other policies, such as home insurance from Progressive’s partner companies.

If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. USAA

USAA frequently offers the lowest auto insurance rates among the large companies. However, USAA is available only to active military members, Veterans and their families.

USAA offers online quotes and a mobile app for paying bills, filing claims or downloading insurance cards. In addition to auto insurance, USAA sells life insurance, umbrella policies, and homeowners, renters and landlord insurance.

If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. Liberty Mutual

Liberty Mutual sells insurance in all 50 states and Washington, D.C., offering quotes online and through Amazon’s Alexa virtual assistant. Liberty Mutual’s mobile app lets you pay bills, track claims and get accident and roadside support.

Liberty Mutual’s auto insurance customers can add coverage for antique or classic cars, all-terrain and off-road vehicles, recreational vehicles and trailers. Liberty Mutual also sells a wide range of other coverage, including policies for homeowners and renters.

If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. Farmers

Farmers sells auto insurance through agents in all states except Alaska and Hawaii. You can connect with an agent and get a quote on the company’s website. There’s also a mobile app for paying bills, getting a digital insurance ID card and more.

Discounts are offered in some cases for bundling auto insurance with other types of coverage. In addition to auto insurance, Farmers sells umbrella, life, homeowners, renters, landlord, business, motorcycle and other insurance. If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. Nationwide Auto Insurance

Nationwide auto insurance is widely available: It’s sold by agents in all states except Alaska, Hawaii, Louisiana and Massachusetts. You can manage your policy through the company’s website or its mobile app, where you can also start claims or call for roadside assistance.

Discounts are available if you bundle your auto insurance with some of the other policies Nationwide offers, such as home, life, condo, renters, motorcycle or boat insurance. If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. Travelers Auto Insurance

Travelers sells auto insurance through agents in 44 states, and you can also buy a policy online. The company’s website and mobile app let you pay bills and get help, and you can use Amazon’s Alexa virtual assistant to manage your account.

Travelers also sells umbrella policies and insurance for homes, condos, boats, renters, landlords, businesses, weddings and jewelry. In some cases, discounts are available if you buy more than one type of coverage from Travelers.

If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. American Family

American Family ranks as the 10th largest auto insurance company in the nation even though it offers policies in fewer than half of U.S. states. Coverage is available mostly in the West and Midwest. You can find an agent and get a quote at the American Family website. There’s also a mobile app for filing claims, managing coverage and getting help.

American Family also sells home, renters’ and life insurance, umbrella policies, flood protection and more. Discounts are available for bundling some types of policies. If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

  1. Cherry Creek Insurance

Cherry Creek Insurance was founded in 1986 and it is an independent firm with a diverse stable of insurance carriers. As one of Colorado’s top employers, Cherry Creek has built a highly successful insurance brokerage firm with an emphasis on relationships. Cherry Creek Insurance is a Colorado-Based company and Best Practices Agency that provides highly personalized, customer-focused service.

If you are interested in buying this car insurance franchise, then you should contact the company via their website to get their financial requirements and other useful information.

20 Best Car Insurance Franchise Opportunities and Their Cost