How to Own an Auto Insurance Franchise
Owning an auto insurance franchise can be a lucrative way to reach your career goals while providing members of your community with the coverage they need. If you are a professional looking for the opportunity to own your own business while having the name recognition and support of the best car insurance franchise behind you, read on and learn about auto insurance franchise opportunities through Freeway.
1. Start With a Trusted PartnerAs a new franchisee, you will want to go with an established brand for several reasons. You want a partner who has a depth of expertise in areas where you may be less knowledgeable. You’ll want to be able to offer your customers a variety of options for auto insurance (and perhaps cover their other insurance needs, too). And, of course, name recognition is huge. The Freeway name exudes trust, the most important quality for insurance. Freeway Insurance was founded in 1987 and is one of the largest privately hosted insurance distribution companies out there. We are an experienced player in the multi-billion-dollar U.S. insurance market and have more than 2,000 agents in over 500 Freeway office locations. Freeway is part of Confie, the largest personal lines agency in the U.S. Confie is the only independent agency focused on personal lines insurance that consistently ranks in the Top 10 Property/Casualty agencies in the U.S. We offer products including auto, home, life, renters, health, motorcycle, and watercraft insurance.
2. Nonstandard Auto Insurance Is Big BusinessWith more than a third of drivers using non-standard auto insurance to regain driving privileges, Freeway Insurance provides an essential service to an immense potential customer base. Nonstandard auto insurance (sometimes known as high-risk auto insurance) is a tool that many people need. We all know that carrying auto insurance is a legal requirement if you own a car. For drivers who need nonstandard auto insurance, it can also be an important step to moving forward in their lives. There are many reasons why a driver may be considered high risk. Sometimes it’s based on issues regarding their driving record, like having been convicted of driving under the influence (DUI) of drugs or alcohol. Perhaps they had multiple violations, such as speeding tickets. But there are also many other reasons why a driver may be considered high risk that has little or nothing to do with their actions behind the wheel. These can include:
- Being single
- Having poor credit
- Being an inexperienced driver
- Being elderly
- Driving a sports car
- Living in a high-density city