Auto Insurance America

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Auto Insurance America - overview

Location

Las Vegas, NV-Nevada, US

Primary Industry

Insurance

About

Auto Insurance America specializes in insurance solutions, focusing on auto, home, and recreational vehicle coverage, primarily serving customers in Nevada and New Mexico for over 40 years. Auto Insurance America provides insurance solutions tailored to meet the needs of individual consumers. The company was acquired by Confie Seguros, a portfolio of ABRY Partners, from Western National Mutual Insurance Company on January 3, 2017. Headquartered in Las Vegas, US, Auto Insurance America's founder's history is not documented.


The firm has completed one deal to date. Auto Insurance America offers a comprehensive suite of insurance products, including auto insurance for drivers in Nevada and New Mexico, as well as renters and homeowners insurance that protects personal property and liability. The company also provides specialized insurance for watercraft and motorcycles, catering to a diverse range of customers such as auto owners, renters, and recreational vehicle owners. Emphasizing quality customer service, Auto Insurance America has built a significant presence in its markets over its operational history of over 40 years.


Auto Insurance America generates revenue through direct-to-consumer sales of its insurance products, including auto and renters insurance. The pricing structure varies based on coverage amounts and types, with clients typically signing annual contracts. This approach enables customers to receive tailored insurance solutions while ensuring a stable revenue stream for the company, which focuses on personalized service to enhance customer loyalty. In January 2017, following its acquisition, Auto Insurance America aims to expand its product offerings and enter new markets.


The company is planning to launch new insurance products specifically designed for additional state markets by 2025. The recent acquisition deal suggests that funding will be utilized to support these growth initiatives, enhancing the company's capabilities and market reach.


Current Investors

Confie Seguros

Primary Industry

Insurance

Sub Industries

Personal Insurance

Website

www.autoinsuranceamerica.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Auto Insurance America - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAuto Insurance America-

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