Clearcover 2021 Insurance Review | The bank rate

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Clearcover Insurance is an advanced artificial intelligence-based company that sells policies at one-third of the normal cost. The Chicago-based company was only founded in 2016, but it made waves with a focus on accessibility, policy management and hassle-free claims submission.

Clearcover currently operates in sixteen states and its policies are underwritten by highly rated provider Fortegra and its subsidiaries Lyndon Southern and Response Indemnity Company of California. Clearcover is aimed at modern customers looking to combine great rates with technological convenience.

Clearcover auto insurance

Auto insurtech is the strength of Clearcover. The company’s selling point is smarter, faster, and cheaper auto insurance right at your fingertips, whatever your needs. Since Clearcover relies on technology for most jobs, it spends less on staff, marketing, and physical infrastructure, allowing it to provide more affordable and efficient insurance.

Types of coverage

Auto insurance policies offered by Clearcover include all the features you would expect from a standard policy, such as:

  • Liability coverage
  • Property damage coverage
  • Collision coverage
  • Full coverage
  • Medical payments
  • Protection of uninsured / underinsured motorists

In addition, Clearcover also offers a number of helpful recommendations, including:

  • Carpool coverage
  • Roadside assistance
  • Other transport coverage

Discounts

Clearcover claims to offer the lowest rates up front and does not provide a list of auto insurance discounts. The company’s website mentions that price reductions for vehicle safety features, full annual premium payment, and having a clean driving record are already built into the policy and don’t need to be added separately.

The only discount specified is the one offered to military personnel. The reduction for serving military personnel and their children under 25 is 25% in Louisiana and 15% in all other states.

Availability

? As a relatively new and small insurance provider, Clearcover is not yet available everywhere. Clearcover currently offers insurance policies in the following states:

  • Arizona
  • California
  • Georgia
  • Illinois
  • Indiana
  • Louisiana
  • Maryland
  • Missouri
  • Nebraska
  • Ohio
  • Oklahoma
  • Pennsylvania
  • Texas
  • Utah
  • Virginia
  • Wisconsin

If you are interested in Clearcover’s insurance options but it is not currently working where you are, you can give the company your contact details so they can contact you when they expand into your area. region. Keep in mind that this can take a while, so make sure you are covered by another insurance provider until you can upgrade to Clearcover.

Clearcover home insurance

Currently, Clearcover does not sell home insurance, but partners with Hippo Insurance to provide home insurance quotes from different companies. Hippo was founded in 2017 and its policies are underwritten by Canopius US Insurance, Spinnaker Insurance Company and Topa Insurance Company.

Keep in mind that Hippo is a completely independent company, and if you purchase home insurance from this provider, all matters related to policy administration, claims and customer service will be handled by Hippo and not by Clearcover. .

Clearcover ratings, reviews, customer satisfaction and complaints

Because Clearcover is a relatively new company and is not one of the top insurance companies, it has not been rated by leading third parties such as JD Power or AM Best. However, Clearcover’s underwriting partner, Fortegra and its subsidiaries, are well established in the industry and hold a A- (excellent) AM Best credit rating.

The National Association of Insurance Commissioners (NAIC) recorded fewer complaints than the average for Clearcover. The company is accredited by the Better Business Bureau and has an A + rating and an average customer satisfaction score of 3.86. These ratings are for Clearcover auto insurance policies only. Customer reviews demonstrate overall satisfaction with the digital accessibility and affordability offered by the business, but some customers express dissatisfaction with the difficulty in contacting a customer service representative to discuss related issues. complaints.

Top reasons to consider Clearcover

Modern customers are often looking for ways to save money on insurance and have their requirements met in the shortest possible time. Clearcover allows you to achieve both by combining the latest innovations in artificial intelligence with intelligent use of resources to minimize expenses and increase accessibility. From getting a quote to filing a complaint, with the Clearcover smartphone app, everything is done in minutes. The company also boasts that it paid claims in just 13 minutes.

Thanks to its partners, Clearcover is financially stable and able to reimburse claims. However, Clearcover does not manage its own complaints handling. When you file a complaint, a company called Littleton Group will process your complaint instead of Clearcover.

If you’re on the digital forefront and love fast, automated services, Clearcover’s strengths may be of interest to you.

Frequently Asked Questions

What policies does Clearcover sell?

Clearcover currently only sells auto insurance. It does not sell home or tenant insurance, but partners with Hippo to provide home insurance quotes from different companies.

Who founded Clearcover Insurance?

Kyle Nakatsuji and Derek Brigham founded Clearcover in 2016.

Has Clearcover hit the headlines recently?

The company has raised funds worth $ 50 million recently and was also appointed Glassdoor’s Best Place to Work in 2021.



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