The auto insurance industry in the US plays a crucial role in protecting drivers and their vehicles. Companies within this sector offer various coverage options for automobiles, including liability, collision, and comprehensive insurance. As technology advances, insurers are increasingly adopting digital platforms and leveraging data analytics to streamline claims, enhance customer experience, and personalize policies. The rise of insurtech startups challenges traditional models by focusing on agility and innovation. Notably, telematics technology is changing how policies are priced based on driving behavior, making for safer roads.


The list features a mix of venture capital and corporate investors, all based across the US in cities like New York, San Francisco, and Washington, D.C. Founded between 1925 and 2015, these firms vary in size from small startups to large organizations employing thousands. In 2024, they collectively participated in over 1,300 investment deals, showcasing their active engagement in the auto insurance sector. Notable investors include FJ Labs and Goldman Sachs, reflecting both startup enthusiasm and deep-rooted financial expertise.


Top 13 Auto Insurance Investors in the US


1. HUB International

  • Website: hubinternational.com
  • Type: Corporate
  • Headquarters: Chicago, Illinois, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 37
  • LinkedIn: hub-international

HUB International Limited is a leading insurance brokerage based in Chicago, Illinois, founded in 1998. With over 10,000 employees, HUB provides a comprehensive range of insurance and risk management services to businesses, organizations, and individuals. Their offerings include business insurance, employee benefits, retirement services, and personal insurance. Recently, HUB has made several strategic acquisitions to bolster its presence in the insurance market. Notably, they acquired Compass Insurance Agency in March 2024, which enhances their capabilities in personal insurance, potentially including auto insurance. Additionally, the acquisition of E-Insure Services in June 2023 aims to improve their personal insurance brokerage platform, indicating a focus on direct-to-consumer services that could encompass auto insurance. These transactions reflect HUB's commitment to expanding its footprint in the personal insurance sector, making them a relevant investor in the auto insurance space.


2. AssuredPartners

  • Website: assuredpartners.com
  • Type: Corporate
  • Headquarters: Orlando, Florida, United States (USA)
  • Founded year: 2011
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: assuredpartners

AssuredPartners is an insurance brokerage and risk management consulting firm founded in 2011 and based in Orlando, Florida. With over 10,000 employees, the company provides a comprehensive range of services, including business insurance, employee benefits, and risk management solutions tailored to meet the specific needs of both businesses and individual clients. In recent years, AssuredPartners has actively expanded its operations through strategic acquisitions, including notable transactions such as the acquisition of C.J. Thomas Company, Inc. and J.J. Kenrich Agency, LLC, which enhances their presence in Missouri and Virginia. They also acquired Williams & Williams, Inc. to strengthen their operations in the Eastern United States, and Cypress Insurance Group, which operates in Florida. These acquisitions indicate AssuredPartners' commitment to growing its insurance portfolio, potentially including auto insurance services as part of their offerings.


3. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. In the auto insurance context, Plug and Play has been involved in several significant transactions, including investments in insurtech startups like Sure, which raised $8 million in a Series A funding round, and Matic Insurance, which secured $7 million in Series A funding. Additionally, they participated in the funding rounds for Just Insure and Surround Insurance, further demonstrating their commitment to the auto insurance industry. Their model focuses on facilitating partnerships and providing resources to enhance business development, particularly in the technology sector, which is increasingly relevant to the insurance landscape.


4. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies through a structured program that helps entrepreneurs launch and grow their businesses. Y Combinator has successfully launched over 4,000 startups, making it a key player in the technology startup ecosystem. Notably, Y Combinator has invested in Cover, an auto insurance company, through multiple funding rounds, including a Seed Round in March 2016, a Series A in July 2017, and a Series B in October 2018, raising a total of $24 million for the company. This involvement highlights Y Combinator's engagement in the auto insurance space, alongside their broader investment strategy across various industries.


5. World Insurance Associates LLC


World Insurance Associates LLC is a corporate investor based in Woodbridge Township, New Jersey, founded in 2012. The company operates as an insurance agency, offering a diverse range of business and personal insurance products, including auto insurance. In recent years, World Insurance Associates has been active in expanding its footprint through acquisitions. Notable transactions include the acquisition of Jbl Trinity in January 2024, Loveman, Kornreich & Steers in July 2020, and Sumner & Sumner, Inc. Insurance in December 2021. These acquisitions reflect their strategy to grow their insurance services and enhance their capabilities in managing risks for both businesses and individual consumers, which likely includes auto insurance solutions.


6. Hilb Group

  • Website: hilbgroup.com
  • Type: Corporate
  • Headquarters: Richmond, Virginia, United States (USA)
  • Founded year: 2009
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: hilb-group

Hilb Group is an insurance agency and consulting firm based in Richmond, Virginia, founded in 2009. With a workforce of 1001-5000 employees, they offer a comprehensive range of insurance products and HR consulting services tailored for both businesses and individuals. Their extensive offerings include specialty insurance programs for various industries, which likely encompass auto insurance. Notably, Hilb Group has made several strategic acquisitions to strengthen their market position. In 2023, they acquired E/G of Florida, a firm specializing in personal and commercial insurance, which likely includes auto insurance products. Additionally, their acquisition of Lighthouse Insurance Agency in 2022 aimed to enhance their presence in the transportation specialty sector, further indicating their involvement in the auto insurance market. Other acquisitions, such as King & Cushman Insurance and Avanti Associates, also contribute to their growing portfolio in the property and casualty insurance space, which typically includes auto insurance.


7. 500 Global

  • Website: 500.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 98
  • LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator founded in 2010, based in San Francisco, California. The firm specializes in investing in early-stage technology companies, providing not only funding but also mentorship and resources to help founders scale their businesses. Among their notable transactions, they invested in Clearcover, which raised $11.5 million in a Series A round in September 2017, focusing on modernizing the auto insurance experience. Additionally, they invested in Crabi, which raised $4.6 million in December 2022, further indicating their interest in the insurance technology sector. Other investments include Smartia and Kayum, although these are less directly related to auto insurance. Overall, 500 Global's portfolio reflects a commitment to innovative solutions in various sectors, including auto insurance.


8. IFC - International Finance Corporation

  • Website: ifc.org
  • Type: Venture Capital
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1956
  • Headcount: 1001-5000
  • Number of deals in 2024: 107
  • LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services to businesses and financial institutions. IFC operates in over 100 countries, addressing poverty and promoting sustainable development. Notably, IFC has made significant investments in the auto insurance sector, including a $7 million investment in Roojai, a Thailand-based InsurTech startup, which aims to enhance technology and develop policies for safe drivers. Additionally, IFC's involvement in Coverfox Insurance and ComparaOnline highlights its commitment to supporting innovative insurance solutions, further solidifying its role as an investor in the auto insurance industry.


9. Confie

  • Website: confie.com
  • Type: Corporate
  • Headquarters: Huntington Beach, California, United States (USA)
  • Founded year: 2008
  • Headcount: 1001-5000
  • LinkedIn: confie-

Confie is a corporate insurance agency based in Huntington Beach, California, founded in 2008. The company provides a diverse range of insurance products, including auto, home, life, and commercial insurance, catering to both individual consumers and small businesses. Confie has established a significant presence in the auto insurance market through strategic acquisitions, such as the acquisition of Baja Auto Insurance in 2015, which added 88 locations in Texas, and Oasis Insurance in 2016. More recently, in 2023, Confie acquired Estrella Insurance, further expanding its reach in the property and casualty insurance sector. With a strong commitment to customer service and a growing network of locations across the United States, Confie is positioned as a key player in the auto insurance industry.


10. NFP, an Aon company

  • Website: nfp.com
  • Type: Corporate
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 5001-10000
  • Number of deals in 2024: 14
  • LinkedIn: wearenfp

NFP, an Aon company, is a prominent consulting firm based in New York, specializing in insurance brokerage and financial services. Founded in 1998, NFP offers a diverse range of products, including property and casualty insurance, employee benefits, and wealth management solutions. The firm serves both businesses and individuals, helping them manage risks and plan for their financial futures. NFP has been actively expanding its footprint in the insurance market through strategic acquisitions. Notably, they acquired Mackey Insurance, Inc. in 2016, which enhances their capabilities in the insurance sector. In 2021, they acquired Colburn Risk Holdings, further solidifying their presence in the Central region. Their acquisition of Driscoll Insurance Agency in 2012 was aimed at expanding their reach in the California property and casualty marketplace, which includes auto insurance. Additionally, the acquisition of McLean Hallmark Insurance in 2019 and Foster Park Brokers in 2021, which is expected to add significant premium volume primarily from property and casualty insurance, underscores their commitment to building a robust platform in the insurance industry, including auto insurance.


11. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm based in New York, founded in 1998. It provides a wide range of services including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. Notably, Goldman Sachs has made significant investments in the auto insurance sector, including the acquisition of Hastings Insurance Group for approximately £700 million in 2013, which highlights its commitment to the motor insurance market. Furthermore, their involvement in various funding rounds for insurance-related platforms, such as wefox and PolicyBazaar, showcases their strategic interest in the insurance industry as a whole, including auto insurance.


12. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios. The firm has a network of over 10,000 investors and focuses on connecting them with high-quality investment opportunities in the startup ecosystem. Notably, the fund has been involved in several transactions with EverQuote, a prominent player in the auto insurance industry. These transactions include a $13 million Series B funding round in February 2017, a $23 million Series B funding round in October 2016, and earlier funding rounds in 2015. This involvement highlights the fund's engagement in the auto insurance sector, particularly through its support of innovative companies like EverQuote.


13. FJ Labs

  • Website: fjlabs.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 169
  • LinkedIn: fj-labs

FJ Labs is a venture capital firm based in New York, founded in 2015, that specializes in investing in marketplace and network effect businesses. They provide capital and strategic guidance to entrepreneurs across various industries, including e-commerce and logistics. With a portfolio of over 1,000 companies, many of which have achieved unicorn status, FJ Labs has established itself as a significant player in the venture capital landscape. Notably, they have participated in funding rounds for companies like Cleverea, a Spanish insurtech that raised 5 million euros to launch new products and accelerate growth, highlighting FJ Labs' interest in the insurance sector. Additionally, they have been involved in multiple seed rounds for startups, including OCHO and Chaiz, further demonstrating their active investment strategy in emerging companies.



Auto Insurance Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
HUB InternationalChicago, Illinois, United States (USA)10001+199837
AssuredPartnersOrlando, Florida, United States (USA)10001+20117
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
World Insurance Associates LLCWoodbridge Township, New Jersey, United States (USA)1001-5000201211
Hilb GroupRichmond, Virginia, United States (USA)1001-500020094
500 GlobalSan Francisco, California, United States (USA)201-500201098
IFC - International Finance CorporationWashington, D.C., District Of Columbia, United States (USA)1001-50001956107
ConfieHuntington Beach, California, United States (USA)1001-500020080
NFP, an Aon companyNew York, New York, United States (USA)5001-10000199814
Goldman SachsNew York, New York, United States (USA)10001+199859
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
FJ LabsNew York, New York, United States (USA)11-502015169


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