Freeway Insurance

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|

Freeway Insurance| Add a Photo

Industry| Insurance
Founded| 1987; 38 years ago (1987)
Headquarters|

Huntington Beach, California

United States

Number of locations

| 503

Key people

| Cesar Soriano (CEO)

Number of employees

| 2,000
Parent| Confie
Website| https://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]

## Contents

* 1 History
* 2 Operations
* 3 References
* 4 External links

## 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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