Freeway Insurance

From Wikitia
Freeway Insurance
IndustryInsurance
Founded1987; 38 years ago (1987)
Headquarters
Huntington Beach, California
,
United States
Number of locations
503
Key people
Cesar Soriano (CEO)
Number of employees
2,000
ParentConfie
Websitehttps://www.freewayinsurance.com/

Freeway Insurance Services America, LLC, or Freeway Insurance, is an American insurance agency with over 500 retail locations in the United States.[1][2] The company sells primarily non-standard auto insurance,[3][4] which is required for new and higher risk drivers. The company's headquarters is in Huntington Beach, California.[5][6]

History[edit]

Freeway Insurance was founded in 1987 by Kelly Turton in Orange County, California.[7] Initially, the company’s focus was private passenger automobile insurance,[7] which was then acquired by Westline Corp.,[7] which was then acquired by Confie,[8] one of the largest privately held Insurance broker in the United States[9] and a portfolio company of private equity firm ABRY Partners, in 2008.[10] Freeway Insurance has expanded through acquisitions made by Confie, including Colyer Insurance,[11] DeFranco Insurance,[12] CW Baker Insurance, and Lewiston Insurance.[13]

In 2021, Freeway Insurance became a sponsor for Trackhouse Racing Team’s No. 99 Chevrolet Camaro, driven by Daniel Suárez in the NASCAR Cup Series.[14][15] Freeway Insurance has also partnered with the California DMV to register and document vehicles.[16]

In April 2021, Alliant insurance agreed to buy Confie, which includes Freeway Insurance.[17]

Operations[edit]

Freeway predominantly sells within the non-standard auto insurance market.[4][7] As of 2020, it sells Home insurance and Renters' insurance, health insurance,[1][6][18] and motorcycle insurance.[19] Freeway Insurance also provides insurance to high-risk drivers with poor driving records.[20] There are 503 Freeway Insurance locations in the United States, with retail offices in 22 states.[21]

Since 2008, Freeway Insurance has operated in English and Spanish, and nearly 50% of its customers identify themselves as Hispanic or Latino.[22][23] Freeway predominantly sells within the non-standard auto insurance market.[3]

References[edit]

  1. ↑ 1.0 1.1 Bowman, Cynthia Paez. "Freeway Insurance review 2021". Bankrate. Retrieved 2021-06-04.
  2. ↑ "Number of Freeway Insurance locations in the United States in 2021". ScrapeHero. Retrieved 2021-08-02.
  3. ↑ 3.0 3.1 Simpson, Andrew G. (November 27, 2019). "Confie Rebrands Standard Business as InsureOne; Keeps Freeway for Nonstandard". Insurance Journal. Retrieved December 9, 2020.{{cite web}}: CS1 maint: url-status (link)
  4. ↑ 4.0 4.1 European Car. Argus Publishers. 2005.
  5. ↑ "Orange County D.A.'s office is doing debt collectors' dirty work". Los Angeles Times. 2014-12-02. Retrieved 2021-06-04.{{cite web}}: CS1 maint: url-status (link)
  6. ↑ 6.0 6.1 "Freeway Car Insurance Review for 2021". US News & World Report. 2020-06-01.{{cite web}}: CS1 maint: url-status (link)
  7. ↑ 7.0 7.1 7.2 7.3 "Westline Corp. acquires Freeway Insurance Services". Insurance Journal. 2006-11-08. Retrieved 2021-06-04.
  8. ↑ Yu, Jane (February 10, 2015). "Confie Buys in Texas". Orange County Business Journal. Retrieved December 9, 2020.
  9. ↑ "Top 100 Property/Casualty Agencies". Insurance Journal. Retrieved December 9, 2020.
  10. ↑ Roumeliotis, Greg; Stone, Mike (September 21, 2015). "Exclusive: U.S. insurance broker Confie explores $1.6 billion sale - sources". Reuters. Retrieved December 9, 2020.{{cite news}}: CS1 maint: url-status (link)
  11. ↑ "Colyer Insurance bought out by Confie". bizjournals.com. 2015-06-02. Retrieved 2021-06-04.{{cite web}}: CS1 maint: url-status (link)
  12. ↑ "Another WNY insurance firm is acquired by Confie Seguros". bizjournals.com. 2013-11-04. Retrieved 2021-06-04.{{cite web}}: CS1 maint: url-status (link)
  13. ↑ "California insurance company acquires two WNY firms". www.bizjournals.com. 2013-07-01. Retrieved 2021-06-04.{{cite web}}: CS1 maint: url-status (link)
  14. ↑ Staff, Speedway Digest. "Freeway Insurance Joins Trackhouse Racing". www.speedwaydigest.com. Retrieved 2021-06-04.
  15. ↑ "Daniel Suarez and Pitbull's Trackhouse Racing Bags Another Sponsor for the 2021 NASCAR Season". EssentiallySports. 2021-04-08. Retrieved 2021-06-04.
  16. ↑ "Freeway Insurance Services Inc". California DMV. Retrieved 2021-06-04.
  17. ↑ 2021-04-21T14:51:00. "Alliant agrees deal to buy personal lines intermediary Confie from Abry". The Insurer. Retrieved 2021-08-02.
  18. ↑ USPTO. "FREEWAY INSURANCE - Freeway Insurance Services, Inc. Trademark Registration". USPTO.report. Retrieved 2021-06-04.
  19. ↑ Official Gazette of the United States Patent and Trademark Office: Trademarks. U.S. Department of Commerce, Patent and Trademark Office. 2006.
  20. ↑ "Our Take: Freeway Insurance Review (2021)". Motor1.com. Retrieved 2021-06-04.
  21. ↑ "Number of Freeway Insurance locations in the United States". ScrapeHero. Retrieved 2021-06-04.
  22. ↑ "Freeway Insurance CEO Envisions Becoming National Provider of Nonstandard Auto". InsuranceNewsNet. July 8, 2011. Retrieved December 9, 2020.
  23. ↑ "Freeway Insurance Names Waked CEO, Klaeb Chairman". Insurance Journal. July 8, 2011. Retrieved December 9, 2020.

External links[edit]

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This article "Freeway Insurance" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.

Categories: [Companies established in 1987] [Companies based in Orange County, California] [Insurance companies]

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