Clearcover

Name

Clearcover

Legal name

Clearcover, Inc.

Website

https://clearcover.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Auto Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Standard Personal Auto Insurance (Liability, Collision & Comprehensive) (FSAJAAAA)

akta.pro secondary industry

Usage-Based / Telematics Personal Auto Insurance (FSAJAAAB)

Keywords

• Digital auto insurance
• Car insurance platform
• Embedded insurance API
• Telematics-based insurance
• AI claims processing

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. Auto insurance premiums (recurring policy premiums): Primary revenue stream: recurring auto insurance premiums paid by policyholders for standard and non-standard personal auto coverage. Premiums are typically paid via credit card or other electronic payment, with options for weekly, biweekly, or monthly payment cycles (Florida flexible product). Recurring premiums may be automatically charged; amounts can change based on policy changes and factors approved by insurance regulatory authorities. Policies are for the term specified in the insurance contract (typically 6 or 12 months).
2. Embedded / white-label insurance commissions: Clearcover acts as carrier for partner brands embedding insurance via API, co-branded landing pages, or full white-label. Partners earn commissions on policies written; Clearcover retains the carrier margin and earns fees for handling all insurance operations on the partner's behalf. Example partners: Experian (embedded comparison shopping), Goosehead Insurance (bind-API integration).
3. Agent channel commissions (MGA and reciprocal): Distribution through appointed independent agents writing Clearcover policies via the Agent Portal/Agent Hub; agents earn commissions (with bonus/incentive programs such as '26 for '26' in Florida offering up to 26 percentage points of combined commission and incentive value). Includes MGA revenue via Clearcover General Agency (CGA, Texas) and reciprocal exchange revenue via Clearcover Inter-Insurance Exchange (CIX, Illinois), with subscribers participating in forming/owning part of the exchange.
4. Telematics-driven premium discounts and risk pricing: Voluntary telematics program offering premium discounts (never increases) in exchange for driving behavior data; data improves risk models and pricing accuracy, supporting profitability of the underwriting book.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Clearcover sells digital-first personal auto insurance directly to U.S. consumers through its website and mobile app, underwriting coverage in 18+ states via licensed carrier entities. Its offering combines traditional auto coverage (liability, collision, comprehensive, uninsured motorist, medical payments, alternate transportation, roadside assistance) with ClearAI-powered instant quoting and ClearClaims, which can pay eligible claims in as little as seven minutes. The company also distributes auto insurance through independent agents and via an embedded/white-label platform (Choice and a Quoting API) that lets partners offer branded Clearcover-backed policies.

Product overview

Clearcover Inc. is a platform-plus-modules architecture centered on a core digital-first auto insurance product (Clearcover Car Insurance) accessed primarily through the Clearcover Mobile App, with ClearAI® as the underlying AI engine that powers the entire product suite. The flagship consumer experience is the Clearcover app, which combines quoting, policy management, claims filing, and telematics; ClearClaims™, powered by ClearAI®, is the dedicated digital claims module that pays eligible claims in minutes using image-based damage assessment. On top of this core, Clearcover layers several modules: the optional Telematics Program for usage-based discounts, Car Care for vehicle maintenance savings, and the embedded insurance API/platform (with Choice) that white-labels Clearcover's quoting, binding, claims, and policy management under partner brands. Distribution is supported by the Agent Portal and Agent Hub for licensed agents. The corporate structure also includes multiple sub-brands and entities — Clearcover Insurance Company (carrier), Clearcover Insurance Agency, Clearcover General Agency (CGA, Texas non-standard auto MGA), Clearcover Inter-Insurance Exchange (CIX, reciprocal exchange for non-standard auto), and Dearborn Labs (an AI services firm) — which together form the next-generation insurance holding company founded in 2016 by Kyle Nakatsuji and Derek Brigham.

Differentiator

Problem solved

Functional benefit

Brands

• ClearAI: Clearcover's proprietary artificial intelligence engine that qualifies leads, quotes fast, and simplifies the claims process.
• Clear Claims
• Car Care
• Dearborn Labs

Products and services

• Clearcover Car Insurance Digital-first personal auto insurance providing liability, collision, comprehensive, uninsured/underinsured motorist, medical/personal injury protection, alternate transportation, and roadside assistance coverage, sold direct to U.S. drivers.
• Clearcover Mobile App

Quantifiable outcome

• Eligible claims paid in as little as 7 minutes; most claims paid in less than a week
• +7 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability15 records

Feature9 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• StradaflagshipTechnology or Integration · 27 March 2026Selected by Clearcover Inc. to power customer-facing operations with Strada's AI agent platform for insurance. Clearcover went live with 7+ automated customer service workflows over 90 days, achieving 74% containment rate across channels and a 24-point improvement in predicted CSAT scores. Plans to extend to claims-related and additional policy servicing workflows.
• Claim GeniuscoreTechnology or Integration · 15 January 2025Strategic partnership for AI-driven damage assessment and claim estimation. Qualifying Clearcover customers submit videos at policy start; Claim Genius's AI reviews them to support underwriting, fraud prevention/detection, and faster claim processing. Partnership positioned as the start of broader AI integration.
• Old American County Mutual Fire Insurance Company (NAIC #29378)flagshipStrategic or Co-development Partner · 8 January 2025Underwriting partner in Texas. Policies offered and administered by Clearcover General Agency, underwritten by Old American County Mutual Fire Insurance Company (NAIC #29378). Powers the Texas non-standard auto market expansion via CGA.
• ServiceUpcoreStrategic or Co-development Partner · 21 August 2024Partnership to redefine car repair. Clearcover policyholders can schedule repairs and maintenance with pick-up/delivery via ServiceUp's platform. Reported results: cycle times reduced more than 30%, saving 20+ hours weekly per adjuster.
• AdaflagshipTechnology or Integration · 15 May 2024Partnership to deploy customer-facing generative AI. Within the first month, over 35% of Clearcover customer chat inquiries were automatically resolved. Expanded in December 2024 with Ada Voice to enable 24/7 voice automation of the call center, leveraging retrieval-augmented generation (RAG) integrated with Clearcover's internal systems, knowledge bases, and policies.
• Goosehead InsurancecoreTechnology or Integration · 3 October 2023Bind-API integration expanding Clearcover's embedded insurance strategy through Goosehead Insurance, Inc.
• ExperiancoreTechnology or Integration · 26 April 2023Embedded insurance solution where consumers receive final, bindable quotes when they shop via Experian's auto insurance comparison shopping service.
• Response Indemnity Company of California (NAIC #10970)flagshipStrategic or Co-development PartnerUnderwriting partner in California. Policies are offered and administered by Clearcover Insurance Agency, underwritten by Response Indemnity Company of California (NAIC #10970). CA License Number: 0L85599.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Others

• Goosehead Insurance: Adjacent partner: independent agency distribution platform with a bind-API integration to Clearcover; comparable in channel strategy and shared go-to-market via embedded insurance, though not a direct auto carrier competitor.
• Cover Genius: Adjacent enabler: embedded insurance platform-as-a-service for digital brands; comparable to Clearcover's Choice / Quoting API business in distributing insurance via partner brands, though operating as an enabler rather than a carrier.

Broad incumbents

• Allstate: Broad incumbent: national P&C carrier with its own digital transformation efforts and telematics (Drivewise) program; competes broadly with Clearcover in personal auto while operating a much larger agent network.
• GEICO: Broad incumbent: Berkshire Hathaway-owned direct auto insurer with massive national advertising scale and pricing power; primary competitive threat in the price-sensitive consumer segment Clearcover targets.
• Progressive: Broad incumbent: largest U.S. personal auto insurer by market share with deep telematics (Snapshot) and direct-to-consumer capabilities, setting the benchmark Clearcover competes against on price and digital UX.

Direct peers

• Root Insurance: Direct peer: digital-first personal auto insurer that uses telematics-based underwriting and a mobile app experience, targeting similar price-sensitive U.S. consumers with a comparable insurtech model.
• Lemonade: Direct peer in digital-native insurance with AI-driven underwriting and claims automation; recently expanded into auto via Metromile, competing for the same digital-first U.S. consumer.
• Branch Insurance: Direct peer: insurtech offering bundled home and auto with embedded and agent distribution, sharing Clearcover's API-first, multi-channel approach to personal lines.

Emerging players

• Next Insurance: Emerging player: digital-first insurtech focused on small commercial, sharing Clearcover's API-native platform philosophy and AI-driven underwriting approach though targeting a different customer segment.
• Hippo Insurance: Emerging player: digital-first homeowners insurtech with embedded distribution and AI-driven underwriting, comparable to Clearcover in technology orientation though concentrated in home rather than auto.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/clearcover
• YouTubeyoutube.com/clearcover
• Facebookfacebook.com/Clearcoverinc
• LinkedInlinkedin.com/company/clearcover-inc.
• Instagraminstagram.com/clearcoverinc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds11 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clearcover