Clearcover Positions Itself as a Car Insurance Company That Provides Modern Solutions
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Clearcover insurance uses mobile AI to help customers get some of the fastest car insurance tools on the market. Their quickest mobile claim clocks in at 13 minutes, easily filed through their mobile app.
With 90% customer satisfaction and ranked 4.7 stars on the Apple store and 4.6 in Google Play, Clearcover is winning over many customers. Not sure if Clearcover is a good fit for you? Jerry can help match you with the lowest insurance rate.
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Who is Clearcover?
According to its website the company was founded in 2016 in Chicago. Clearcover strives to offer customers the most advanced conveniences in auto insurance. They are a licensed insurer, offering customers low car insurance rates in AZ, CA, GA, IL, IN, LA, MD, MO, NE, OH, OK, PA, TX, UT, VA, and WI.
It’s easy to sign up, and even easier to manage your insurance through their mobile app. Proof of insurance is instantly available in the app and you can perform numerous tasks through the app, including filing a claim and getting roadside assistance.
Clearcover’s mission prioritizes customers and service. They provide exceptional customer service by cultivating a strong company culture. Their core values of people, perspective, performance helped them rank among the top companies to work, according to Glassdoor.
Modern solutions to car insurance
Clearcover’s aim is to make everything insurance-related digital, providing fast quotes and fast claims. Machine learning allows Clearcover to instantly validate coverages and determine eligibility for expedited payment.
Customers can file and track claims on the app. Most claims are paid in under a week, with easy claims often processing the same day. Other services available through the app: proof of insurance and bill pay.
For qualifying claims, Clearcover sends customers money through the app to cover payments for getting around after an accident, whether that be renting a car or paying for rideshares. Through the app, customers can also file a glass claim for a cracked windshield and order roadside assistance.
Clearcover’s impressive funding
The company just announced that they secured Series D funding in mid-April, 2021, according to GlobalNewsWire. They have raised $200 million and have a pre-money valuation of $800 million (the value of a company prior to a funding round). Their current valuation is over $1 billion, per a press release with Insider Intelligence.
With five investors and three partners, Clearcover has secured regular and reliable funding. They have secured funding from Eldridge Industries, a Connecticut-based investment firm with offices in New York and London, and known to invest in insurance, technology, and real estate.
Though only offering coverage in 16 states and underwriting its own policies in eight states as of mid-2021, Clearcover intends to be in 40 states, meeting each state’s minimum car insurance required, by the end of 2021 and plans on doubling the number of employees.
What makes Clearcover stand out?
Customers love companies that align with their values, and Clearcover’s work culture highlights how much it values its people. In a recent blog post, the insurer highlighted five female leaders in its company, sharing their biographies, inspiration, and advice to other women.
Not only does the company recognize the work of women in a tech-leading industry, but three of the five women in the blog post are women of color. Studies show that company values, particularly those of social justice and equality and environmentally friendly practices, have just as much value to customers as modern conveniences.