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What Is New for Freeway Franchise in 2023?

top insurance franchises in usa

For the seventh straight year, Insurance Journal has ranked Freeway Franchise #1 in the personal lines leader category in 2022. That’s like winning the MVP award seven times in a row! Not even Tom Brady or Michael Jordan did that. Okay, Wayne Gretzky won the Hart Trophy (MVP of the National Hockey League) eight times in a row, but we’re not done yet!

So what’s in store for 2023? Besides being ranked #1 for the eighth year in a row, Freeway Franchise plans to be a forerunner in emerging industry trends, continuing its highly successful partnership with the Latino community and expanding its brand to market opportunities in several additional states.

Take a closer look at our plans to make greater strides in 2023. The more you know about our team, the more you’ll want to become a part of it.

Pioneers in Emerging Trends

As one of the nation’s top insurance franchises, we plan to set the pace for the industry. We are not trend followers; we are trendsetters. Our three-pronged approach is to increase our market share of niche products, leverage technology to its fullest potential, and further the efforts of diversity, equity, and inclusion, not only in our leadership and workforce but also in our customer base.

It’s Niche to Meet You!

The days of one-size-fits-all are gone in just about every market. People don’t even want baseball hats that aren’t customized anymore. Thus, we recognize the niche needs of our customers and aim to provide more options in our policies that help people to get exactly what they need in all product lines.

Industry analysts predict the niche insurance market to see major growth by 2025. Freeway plans to lead the way by offering quality coverage to the underserved and “high-risk” consumer segment. In most cases, these people have an unfortunate incident that paints them into a corner that drives other “less understanding” insurers. As one of the best insurance franchises in America, we hope to serve these people well enough to create lifetime business relationships.

Freeway Franchise is unique in more ways than providing quality coverage to niche markets. We also have a dedicated team of more than 2,000 English and Spanish speaking representatives expertly trained to handle every call with honesty, friendliness, professionalism, and results. The company boasts over 35 years of experience with a constant eye toward diversification.

Sure, we have quality options in all the standard insurance policies like home, auto, renters, health, and life. We also offer coverage for pets, boats, ATVs, Snowmobiles, SR-22 high-risk customers), and other categories.

Better Technology Becomes a Win-Win

The current hard market conditions are expected to continue for the upcoming year, enabling providers to seek higher premiums. Nonetheless, too large of a share of those premiums are still going back into systems that allow for too many inefficiencies. Thus a reduction in profits occurs. Some analysts have this figure as high as 80 percent.

We plan to leverage improved technology, particularly in emerging fields like Artificial Intelligence (AI), to reduce those inefficiencies. By investing a sensible financial sum into better systems today, the business will provide better customer service, reduce labor costs, and be able to reinvest a larger portion of the premiums collected tomorrow.

With best-of-class technology in place, customers get increased value from more efficient service. Plus, the company increases brand satisfaction for a win-win scenario.

Leading the Way in Diversity, Equity, and Inclusion (DEI)

Companies everywhere are pushing their DEI initiatives, but how many walk the walk? There still isn’t enough being done in this area to make a real difference, particularly in the C-Suite.

Freeway Franchise makes concerted efforts to provide marginalized communities with opportunities for leadership and promotion within the organization, as well as equitable practices with our most important asset—our customers.

Perhaps the most prominent way we can pioneer change through DEI is by continuing to promote our partnership with the Latino community. Latino entrepreneurs have been a strength in our business for many years now. We expect a big contribution from this demographic in helping our nation to avoid recession or free itself from its current economic downturn.

Taking Advantage of Timing the Market

The financial future of our great nation appears unsettled in the coming year. Layoffs have invaded some of America’s biggest companies. Amazon, Microsoft, and Alphabet (the parent company of Google) have all substantially decreased their workforce. It is uncertain how far this trend could continue. The giants are not the only ones letting workers go: Lyft, Twitter, Netflix, and others have followed suit. This is just a small sampling of a downtrodden workforce.

To become impervious to such corporate short-sightedness, you can take one giant step in the right direction toward self-sufficiency. That is to become your own boss. To do this, you could go on your own by building a startup. If you have a great idea and all the tools, people, and money to make it happen, go for it. If, however, you have what it takes to run a business, serve people, and grow a brand, becoming a franchisee may be the best solution.

As a franchisee, you still get to call the shots, but you are not alone and will not be subject to the whims of leadership that is not willing to support you through the tough times. Rather, your parent company will help you with whatever you need to ride out any tough times, stay in the game for the long haul, and maybe even grow your financial future to levels you could never have achieved as an employee or as a sole proprietor.

Freeway Franchise Coming to a State Near You!

Expansion is in the works for 2023 and beyond. With more than 500+ Freeway locations already operating nationwide, let us help you bring our quality products and superior customer service to your community! Our company is growing faster than we can find owner/operators, so opportunities exist nationwide. Markets that are primed and ready for your skills exist immediately in Arkansas, Colorado, Florida, Georgia, Idaho, Maryland, Michigan, Mississippi, North Carolina, Ohio, Pennsylvania, Utah, and Virginia.

We’re seeking entrepreneurial-minded people to own and operate a business with unending support, including training, technology, financing, site selection, marketing, and launch day. We’re coming to a state near you and want to make your success our success.

Get Started Today

It’s an exciting time to be a part of our team. Whether you’re a savvy salesperson with 20 years of experience or an insurance newbie, Freeway is one of the best franchises in 2023, and we have plenty of opportunities for you to join our team.

If you’re interested in buying into our proven track record of success, call us today at (877) 822-3024 or fill out our online form. We have all the resources you need to make the upcoming year one that stirs up your entrepreneurial spirit.


Ready to Open Your Own Freeway Insurance Office?

If you find the Freeway Insurance brand compelling and are looking for a flexible, well-supported business in a rewarding niche of the dynamic insurance industry, contact us.