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How can I set up a car insurance company?
I’m looking to start a business for my family and create some generational wealth. I want to provide a service that people will always need, so I immediately thought: car insurance! How can I set up a car insurance company?
Chloe Jenkins · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Starting a family business can be a great way to set up future generations for financial success. And
car insurance
certainly is a lucrative industry.To create a car insurance company, you’ll need to follow these steps:
- Decide whether you’ll be selling insurance directly or connecting customers to larger companies.
- Draft a business plan to outline your risks, budget, timeline, etc.
- Find a property to run your business from.
- Acquire the proper permits and licenses in your state.
- Hire a team and begin marketing.
Of course, the process varies from state to state, so be sure to research the specific laws and regulations for your state before you commit to starting your business.
If you have no experience in the car insurance world, check out the
Jerry
app and get hands-on experience with great customer service and fantastic car insurance rates.Once you download Jerry, just answer a handful of questions that will take you roughly 45 seconds to complete and you’ll immediately get car insurance quotes for coverage similar to your current plan. Jerry customers save an average of $879 a year!
View full answer
- Gregory R.
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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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