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How can I open a car insurance company?

I’m looking for a new career path, and I want to start my own company. Car insurance seems like a pretty lucrative industry and a chance to provide people with something they need. How do you open a car insurance company?

avatar
Chloe Jenkins · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The car insurance industry is certainly a lucrative one! Like starting any business, opening a
car insurance
company is no small undertaking. There is a lot of high-profile, well-established competition out there.
To open a car insurance company, follow these steps:
  1. Do some research and decide whether you’ll be selling customers policies directly or connecting them with larger insurance companies as a
    broker
    .
  2. Come up with a good business plan and outline your risks, goals, budget, and more.
  3. Scope out a property and obtain the necessary permits and licenses for your state.
  4. Get a business license and insurance.
  5. Hire a team and start marketing your business.
If you’re completely new to the insurance industry, get a proper introduction by shopping for car insurance with the
Jerry
app. A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and will even help you cancel your old policy!
View full answer 
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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