Freeway Insurance
| ISIN | 🆔 |
|---|---|
| Industry | Insurance |
| Founded 📆 | 1987 |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Number of locations | 503 |
Area served 🗺️ | |
Key people | Cesar Soriano (CEO) |
| Members | |
Number of employees | 2,000 |
| Parent | Confie |
| 🌐 Website | https://www.freewayinsurance.com/ |
| 📇 Address | |
| 📞 telephone | |
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 homeowners 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
- ↑ 1.0 1.1 Bowman, Cynthia Paez. "Freeway Insurance review 2021". Bankrate. Retrieved 2021-06-04.
- ↑ "Number of Freeway Insurance locations in the United States in 2021". ScrapeHero. Retrieved 2021-08-02.
- ↑ 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. Unknown parameter
|url-status=ignored (help) - ↑ 4.0 4.1 European Car. Argus Publishers. 2005. Search this book on
- ↑ "Orange County D.A.'s office is doing debt collectors' dirty work". Los Angeles Times. 2014-12-02. Retrieved 2021-06-04. Unknown parameter
|url-status=ignored (help) - ↑ 6.0 6.1 "Freeway Car Insurance Review for 2021". US News & World Report. 2020-06-01. Unknown parameter
|url-status=ignored (help) - ↑ 7.0 7.1 7.2 7.3 "Westline Corp. acquires Freeway Insurance Services". Insurance Journal. 2006-11-08. Retrieved 2021-06-04.
- ↑ Yu, Jane (February 10, 2015). "Confie Buys in Texas". Orange County Business Journal. Retrieved December 9, 2020.
- ↑ "Top 100 Property/Casualty Agencies". Insurance Journal. Retrieved December 9, 2020.
- ↑ Roumeliotis, Greg; Stone, Mike (September 21, 2015). "Exclusive: U.S. insurance broker Confie explores $1.6 billion sale - sources". Reuters. Retrieved December 9, 2020. Unknown parameter
|url-status=ignored (help) - ↑ "Colyer Insurance bought out by Confie". bizjournals.com. 2015-06-02. Retrieved 2021-06-04. Unknown parameter
|url-status=ignored (help) - ↑ "Another WNY insurance firm is acquired by Confie Seguros". bizjournals.com. 2013-11-04. Retrieved 2021-06-04. Unknown parameter
|url-status=ignored (help) - ↑ "California insurance company acquires two WNY firms". www.bizjournals.com. 2013-07-01. Retrieved 2021-06-04. Unknown parameter
|url-status=ignored (help) - ↑ Staff, Speedway Digest. "Freeway Insurance Joins Trackhouse Racing". www.speedwaydigest.com. Retrieved 2021-06-04.
- ↑ "Daniel Suarez and Pitbull's Trackhouse Racing Bags Another Sponsor for the 2021 NASCAR Season". EssentiallySports. 2021-04-08. Retrieved 2021-06-04.
- ↑ "Freeway Insurance Services Inc". California DMV. Retrieved 2021-06-04.
- ↑ 2021-04-21T14:51:00. "Alliant agrees deal to buy personal lines intermediary Confie from Abry". The Insurer. Retrieved 2021-08-02.
- ↑ USPTO. "FREEWAY INSURANCE - Freeway Insurance Services, Inc. Trademark Registration". USPTO.report. Retrieved 2021-06-04.
- ↑ Official Gazette of the United States Patent and Trademark Office: Trademarks. U.S. Department of Commerce, Patent and Trademark Office. 2006. Search this book on
- ↑ "Our Take: Freeway Insurance Review (2021)". Motor1.com. Retrieved 2021-06-04.
- ↑ "Number of Freeway Insurance locations in the United States". ScrapeHero. Retrieved 2021-06-04.
- ↑ "Freeway Insurance CEO Envisions Becoming National Provider of Nonstandard Auto". InsuranceNewsNet. July 8, 2011. Retrieved December 9, 2020.
- ↑ "Freeway Insurance Names Waked CEO, Klaeb Chairman". Insurance Journal. July 8, 2011. Retrieved December 9, 2020.
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