PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How do you start a car insurance company?
I've been in insurance for a while. I think I want to start my own company. How would one go about that?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Since you are currently working in insurance, you’re likely already a licensed agent. However, if you aren’t licensed in property and casualty, you will need to obtain your license. You can consult your state’s Department of Insurance or Department of Financial Services to determine exactly what’s required.
Once you’re licensed, you will want to write out your business plan. A business plan is essential as it helps investors or lenders decide whether they’d like to fund your company. Typically, it’s also necessary when applying for legal licenses and certifications.
Next, you’ll want to register with your state as a business. You’ll need to register as an insurance company with the correct department, too.
Somewhat strangely, you’ll need insurance for your insurance business, as well. Commercial or business insurance often includes
liability coverage
, along with things like worker’s compensation.Once you are properly licensed and have the appropriate documentation in place, you can secure any additional financing you may require. Investors or lenders will want to see your:
- Business plan
- License
- Insurance
- Any additional documentation related to your business operations
From there, you can start bringing on clients and insuring them!
Since you’re interested in the industry, you likely understand the importance of having great coverage on your vehicle. Ensure you have the policy you need—and aren’t overpaying for it—by shopping around.
The
Jerry
app makes it easy. Jerry gathers quotes from over 50 top insurers in minutes and delivers them directly to your phone for free. No long paperwork. No phone calls. Just savings.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
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.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies