Freeway Insurance

From Wikipedia, the free encyclopedia

Freeway Insurance
IndustryInsurance
Founded1987; 35 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[]

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 brokers 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 Suarez 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[]

Freeway predominantly sells within the non-standard auto insurance market.[4][7] As of 2020, it sells home owners and renter’s 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[]

  1. ^ a b Bowman, Cynthia Paez. "Freeway Insurance review 2021". Bankrate. Retrieved June 4, 2021.
  2. ^ "Number of Freeway Insurance locations in the United States in 2021". ScrapeHero. Retrieved August 2, 2021.
  3. ^ a b 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. ^ a b European Car. Argus Publishers. 2005.
  5. ^ "Orange County D.A.'s office is doing debt collectors' dirty work". Los Angeles Times. December 2, 2014. Retrieved June 4, 2021.{{cite web}}: CS1 maint: url-status (link)
  6. ^ a b "Freeway Car Insurance Review for 2021". US News & World Report. June 1, 2020.{{cite web}}: CS1 maint: url-status (link)
  7. ^ a b c d "Westline Corp. acquires Freeway Insurance Services". Insurance Journal. November 8, 2006. Retrieved June 4, 2021.
  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. June 2, 2015. Retrieved June 4, 2021.{{cite web}}: CS1 maint: url-status (link)
  12. ^ "Another WNY insurance firm is acquired by Confie Seguros". bizjournals.com. November 4, 2013. Retrieved June 4, 2021.{{cite web}}: CS1 maint: url-status (link)
  13. ^ "California insurance company acquires two WNY firms". www.bizjournals.com. July 1, 2013. Retrieved June 4, 2021.{{cite web}}: CS1 maint: url-status (link)
  14. ^ Staff, Speedway Digest. "Freeway Insurance Joins Trackhouse Racing". www.speedwaydigest.com. Retrieved June 4, 2021.
  15. ^ "Daniel Suarez and Pitbull's Trackhouse Racing Bags Another Sponsor for the 2021 NASCAR Season". EssentiallySports. April 8, 2021. Retrieved June 4, 2021.
  16. ^ "Freeway Insurance Services Inc". California DMV. Retrieved June 4, 2021.
  17. ^ 2021-04-21T14:51:00. "Alliant agrees deal to buy personal lines intermediary Confie from Abry". The Insurer. Retrieved August 2, 2021.
  18. ^ USPTO. "FREEWAY INSURANCE - Freeway Insurance Services, Inc. Trademark Registration". USPTO.report. Retrieved June 4, 2021.
  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 June 4, 2021.
  21. ^ "Number of Freeway Insurance locations in the United States". ScrapeHero. Retrieved June 4, 2021.
  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.
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