Baja Auto Insurance

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Baja Auto Insurance - overview

Established

2006

Location

Dallas, TX, US

Primary Industry

Insurance

About

Baja Auto Insurance offers a variety of insurance products tailored to individuals and businesses, focusing on affordable auto, motorcycle, renters, life, and health insurance services. Baja Auto Insurance, based in Dallas, US, specializes in providing insurance services. The company was founded in 2006 and was acquired by Confie Seguros, a portfolio company of ABRY Partners, in February 2015. The founder’s detailed history is not publicly available.


Baja Insurance, operating as Freeway Insurance Services America, LLC, specializes in providing a diverse array of insurance products tailored to meet the needs of individual consumers and businesses. Their core offerings include auto insurance, motorcycle insurance, renters insurance, life insurance, and health insurance, designed to ensure comprehensive coverage for various situations. The company’s services address common insurance-related concerns, such as protecting personal property from loss or damage, safeguarding individuals against unforeseen life events, and offering financial support in case of accidents or health issues. Baja Insurance primarily serves customers in Texas, utilizing a network of friendly agents dedicated to delivering affordable options regardless of driving history or financial background.


Their commitment to accessibility and affordability positions them to cater to a broad demographic, including first-time insurance buyers and those seeking to switch providers for better rates. Baja Insurance operates on a direct-to-consumer business model, generating revenue through the sale of insurance policies and related services. Transactions typically involve customers purchasing individual insurance policies, which may be structured as one-time payments or recurring monthly premiums, depending on the chosen coverage. The company emphasizes affordability, which aligns with their aim to serve a wide range of clients, from those with excellent driving records to those with more challenging histories.


By offering competitive pricing plans that reflect market demands, Baja Insurance facilitates straightforward purchasing processes for its clients. The revenue streams are primarily derived from auto and motorcycle insurance, which represent significant segments of their business, along with additional services such as life insurance and roadside assistance. Following their acquisition in February 2015, Baja Auto Insurance is focused on expanding its product offerings and geographic reach. The company is currently exploring new insurance products tailored to emerging market needs, with plans to launch these products in the coming years.


Specific geographic markets targeted for expansion include broader regions within the US, although exact locations and timelines have not been disclosed. The financial backing received from the acquisition will support these initiatives, enhancing Baja's capacity to innovate and serve a growing customer base.


Current Investors

Confie Seguros

Primary Industry

Insurance

Sub Industries

Personal Insurance

Website

www.bajaautoinsurance.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Baja Auto Insurance - 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-onCompletedBaja Auto Insurance-

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