Paree Insurance Centers

What Paree Insurance Centers does

Paree Insurance Centers is an independently owned, multi-line insurance agency founded in 1996 and headquartered in Wheeling, West Virginia, with additional offices in Moundsville, WV and St. Clairsville, OH. The firm operates a sales-led, advisor-driven model: 26 licensed staff — including producers, account managers, and a Medicare specialist — place personal, commercial, life/health, and Medicare policies through three physical locations and a website quote-request funnel, with no self-serve digital purchase path. As an independent agency, Paree represents 15+ carrier partners, with Erie Insurance Group as the primary relationship (Erie Quality Agency Award, 2017 Founders' Award), supplemented by GEICO, Progressive, Liberty Mutual, Foremost, Hagerty, Dairyland, Wright Flood, Farmers Mutual, and several regional carriers.

The product surface spans auto, home, renters, condo, motorcycle, RV, snowmobile, watercraft, classic car, flood, earthquake, umbrella, mobile home, high-net-worth, and annuities on the personal side; business owners policies, general liability, commercial property, workers' compensation, commercial umbrella, cyber liability, EPLI, E&O, D&O, surety bonds, builders risk, liquor liability, and key-man life on the commercial side; plus a Medicare vertical covering Parts A–D, supplements, dental/vision/hearing, hospital indemnity, ACA and short-term medical, final expense, and individual life and disability products. Industry-specific commercial coverages extend to breweries, churches, contractors, dealerships, farms, fitness centers, manufacturers, restaurants, tech firms, trucking, and wholesalers/distributors.

Revenue is generated almost entirely through insurance commissions on new policy sales and renewals, with pricing being quote-based and monthly billing across the book. The agency is owner-operated by Tom Paree (President) and Chris Bucon (Executive Vice President), with no institutional capital, no parent company, and no proprietary technology platform; supporting tooling is limited to Agency Revolution for marketing and a self-service client portal. Geographic service scope covers West Virginia, Ohio, and Pennsylvania, anchored in the Ohio Valley region.

Name

Paree Insurance Centers

Legal name

Paree Insurance Centers

Website

https://pareeinsurance.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Paree Insurance Centers is an independently owned, multi-line insurance agency founded in 1996, serving West Virginia, Ohio, and Pennsylvania through three offices with 26 licensed staff. It earns commissions by placing personal, commercial, life/health, and Medicare policies across 15+ carrier partners, primarily Erie Insurance.

Ownership category

akta.pro rank

Headquarters

HQ city

Wheeling

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Commissions: As an independent insurance agency representing multiple insurance carriers, Paree Insurance Centers earns commissions from insurance companies for policies placed and renewed. The agency represents Erie Insurance Group as a primary carrier along with numerous other insurance partners including GEICO, Progressive, Farmers Mutual, and others. Revenue is generated through commissions on new policy sales and renewal commissions on existing book of business.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Paree Insurance Centers is an independent multi-line insurance agency that sells personal, commercial, and life/health/Medicare insurance products on behalf of multiple insurance carriers (Erie Insurance Group as primary, plus GEICO, Progressive, Liberty Mutual, Farmers Mutual, and others). Licensed advisors place and service policies through three physical offices in West Virginia and Ohio, earning carrier commissions on new and renewal business.

Product overview

Paree Insurance Centers is a multi-line independent insurance agency offering a comprehensive suite of insurance solutions through a network of insurance carrier partners. The company provides personal insurance products (auto, home, renters, condo, motorcycles, RVs, snowmobiles, watercraft, classic cars, flood, earthquake, rental property, valuable possessions, excess liability, umbrella, mobile home, high net worth, secondary home, and annuities), business insurance products (BOP, general liability, business auto, commercial property, workers compensation, commercial umbrella, cyber liability, EPLI, E&O, D&O, crime, builders risk, liquor liability, surety bonds, inland marine, key man life, fiduciary liability, systems breakdown), and industry-specific business coverages (breweries, churches, contractors, dealerships, farms, fitness centers, fleet, garage repair, golf courses, manufacturers, medical offices, non-profits, professional services, property managers, real estate investors, restaurants, retailers, technology firms, trucking, wholesalers/distributors). The agency also offers Medicare and individual life/health benefits including Parts A, B, C, D, supplement plans, dental/vision/hearing, hospital indemnity, ACA/short-term medical, final expense, and various life and disability insurance options.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance Coverage protecting vehicles against accidents, theft, damage, and liability, including bodily injury liability, property damage, medical payments, uninsured/underinsured motorist, and physical damage coverage. Sold to individual consumers and families.
• Home Insurance Coverage protecting homes and possessions against fire, theft, water damage, and liability risks, including replacement cost coverage, personal property protection, and additional living expense coverage. Sold to homeowners.
• Renters Insurance Coverage protecting personal belongings and liability for tenants renting apartments or homes, including personal property, additional living expenses, and liability claims. For individual renters.
• Condo Insurance Coverage protecting condo unit interiors, improvements, and personal property, including betterments, loss assessment, and liability for condo owners.
• Motorcycle Insurance Specialized coverage for motorcycles including liability, collision, comprehensive, and custom parts protection.
• Off-Road Vehicle Insurance Coverage for ATVs, dirt bikes, snowmobiles and other off-road vehicles not covered by standard auto or homeowners policies.
• RV Insurance Protection for recreational vehicles including motorhomes and travel trailers with specialized coverage for windshields, personal possessions, and rental assistance.
• Snowmobile Insurance Coverage for snowmobiles including liability, collision, and comprehensive protection against theft and weather damage.
• Watercraft Insurance Coverage for boats and watercraft including physical damage, liability, personal possessions, and towing assistance.
• Classic Car Insurance Specialized coverage for collector and antique vehicles with agreed-upon value protection and authentic parts coverage.
• Flood Insurance Specialized coverage for flood damage through the National Flood Insurance Program (NFIP) or write-your-own carriers, accessed via Wright Flood partnership.
• Earthquake Insurance Coverage bridging the gap in homeowners policies to protect homes and possessions against earthquake damage.
• Rental Property Insurance Specialty coverage for property owners renting to others, including lost rental income, liability, and building protection.
• Valuable Possessions Insurance Coverage for jewelry, art, antiques, and collectibles with agreed value and worldwide coverage options.
• Excess Liability Insurance Additional protection that pays remaining costs after original policy coverage limits are reached.
• Umbrella Insurance Extra liability coverage layered over auto and homeowners policies for major claims or lawsuits exceeding standard limits.
• Mobile Home Insurance Specialized coverage for manufactured and mobile homes addressing unique risks of construction style and transport.
• High Net Worth Insurance Customized comprehensive policies protecting clients with large assets including homes, vehicles, travel, and life insurance.
• Secondary Home Insurance Coverage for vacation properties and seasonal homes addressing unique exposures of properties unattended for extended periods.
• Annuities Investment products providing income streams in exchange for lump sum payments, including fixed, variable, and index-linked options.
• Business Owners Insurance (BOP) Combined business property and liability coverage in one policy protecting businesses from various risks.
• General Liability Insurance Coverage protecting businesses against bodily injury to others and physical damage to their property.
• Business Auto Insurance Coverage for company vehicles and fleets protecting business and personal assets from commercial vehicle exposure.
• Commercial Property Insurance Protection for business assets against theft, damage, or destruction from fire or natural disasters.
• Workers' Compensation Insurance Coverage for employees injured on the job or in auto accidents while on business, including work-related illnesses.
• Commercial Umbrella Insurance Additional layer of protection supplementing existing insurance policies with high limits typically between $2M and $10M.
• Cyber Liability Insurance Protection against expenses associated with data breaches covering unauthorized access, viruses, and employee mistakes.
• Employment Practice Liability Insurance (EPLI) Coverage against employment-related litigation including discrimination, sexual harassment, and retaliation claims.
• Errors & Omissions Liability Insurance (E&O) Protection for businesses giving advice, recommendations, or solutions against claims of errors or omissions harming clients.
• Directors & Officers Liability Insurance (D&O) Coverage for directors and officers against claims made while serving on boards or as officers.
• Crime Insurance Protection for businesses against white collar crime including theft, fraud, forgery, and employee dishonesty.
• Builders Risk Insurance Coverage protecting properties during construction against risks like fire, theft before completion.
• Liquor Liability Insurance Protection for businesses serving alcohol against liability from customers causing damage or injury after drinking.
• Surety Bonds Guarantees for large project investments ensuring work completion, commonly used in construction and government contracts.
• Inland Marine Insurance Coverage protecting business property while away from business locations, including items in transit or off-site.
• Key Man Life Insurance Coverage keeping business afloat following death of integral employees essential to company survival.
• Fiduciary Liability Insurance Protection for ERISA fiduciaries against claims of mismanagement of employee benefit plans.
• Systems Breakdown Insurance Coverage for sudden and accidental physical damage to equipment requiring repair or replacement.
• Industry-Specific Commercial Insurance (Brewery, Church, Contractor, Dealership, Farm, Fitness, Fleet, Garage, Golf, Manufacturer, Medical Office, Non-Profit, Professional Services, Property Manager, Real Estate Investor, Restaurant, Retail, Technology, Trucking, Wholesaler/Distributor) Specialized commercial coverage packages tailored to specific industries (e.g., breweries, churches, contractors, dealerships, farms, fitness centers, fleet, garage repair, golf courses, manufacturers, medical offices, non-profits, professional services, property managers, real estate investors, restaurants, retail, technology firms, trucking, wholesalers/distributors), combining property, liability, and industry-specific exposures.
• Medicare Advantage and Supplement Plans (Parts A, B, C, D; Medigap; Dental/Vision/Hearing; Hospital Indemnity) Medicare coverage options guidance and placement including Part A (hospital), Part B (medical), Part C Medicare Advantage, Part D prescription drug coverage, Medigap supplement plans, standalone dental/vision/hearing plans, and hospital indemnity plans for Medicare beneficiaries in the Ohio Valley.
• ACA and Short-Term Medical Plans Health coverage options for those under 65, including ACA plans with minimum coverage requirements and short-term plans with lower premiums.
• Individual Life Insurance (Life, AD&D, Final Expense, Child Life, Long-Term Care, Long-Term Disability) Individual and family life, accidental death and dismemberment, final expense, child life, long-term care, and long-term disability insurance for individuals and families needing personal financial protection.
• Individual Health Insurance Health coverage for those without employer-sponsored plans, addressing co-pays, coinsurance, and other individual coverage considerations.

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered primary and minor.

• Erie Insurance GroupprimaryChannel Partner/ Reseller/ DistributorPrimary insurance carrier partner featured prominently on the Paree Insurance Centers website. As a local Erie Agent, they offer unique Erie coverages including RATE LOCK on auto premiums, guaranteed replacement cost on homes, and innovative commercial business and workers compensation coverages, all backed by Erie's superior claims service. The agency holds Erie Insurance Quality Agency Award and 2017 Founders' Award.
• GEICOminorChannel Partner/ Reseller/ DistributorInsurance carrier partner offering auto insurance products. Clients can report claims through GEICO's online claims portal.
• ProgressiveminorChannel Partner/ Reseller/ DistributorInsurance carrier partner offering auto insurance products. Contact and claims information provided for client access.
• Farmers MutualminorChannel Partner/ Reseller/ DistributorRegional insurance carrier partner providing farm and property insurance products in the West Virginia market.
• West Virginia NationalminorChannel Partner/ Reseller/ DistributorRegional insurance carrier partner serving West Virginia policyholders with various insurance products.
• Wright FloodminorChannel Partner/ Reseller/ DistributorFlood insurance carrier partner providing National Flood Insurance Program (NFIP) policies and excess flood coverage.
• Panhandle InsuranceminorChannel Partner/ Reseller/ DistributorRegional insurance carrier partner serving the panhandle region of West Virginia with property and casualty products.
• Municipal MutualminorChannel Partner/ Reseller/ DistributorRegional insurance carrier partner providing coverage options for municipal and commercial clients.
• Foremost InsuranceminorChannel Partner/ Reseller/ DistributorSpecialty insurance carrier partner offering coverage for mobile homes, RVs, and specialty property products.
• Hagerty InsuranceminorChannel Partner/ Reseller/ DistributorSpecialty insurance carrier partner offering classic car and collector vehicle insurance coverage.
• Liberty MutualminorChannel Partner/ Reseller/ DistributorNational insurance carrier partner offering personal and commercial insurance products including auto, home, and business coverage.
• Aegis Security InsuranceminorChannel Partner/ Reseller/ DistributorInsurance carrier partner offering various property and casualty insurance products.
• Dairyland InsuranceminorChannel Partner/ Reseller/ DistributorInsurance carrier partner offering motorcycle and specialty vehicle insurance products.
• American ReliableminorChannel Partner/ Reseller/ DistributorInsurance carrier partner offering various specialty and niche insurance products.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• CoverWallet: Digital-first commercial insurance broker placing small-business coverage across multiple carriers — overlaps Paree's commercial BOP and specialty commercial lines but delivered online rather than through in-person advisors.
• The Zebra: Insurance comparison platform aggregating auto and home quotes from multiple carriers — competes for the same comparison-shopping personal-lines customers Paree serves, but routes them direct-to-carrier rather than through an advisor.

Broad incumbents

• Hub International: Mid-to-large insurance brokerage offering multi-line personal, commercial and specialty coverage through multiple carrier partners — directly comparable brokerage model, but at materially larger regional and national scale.
• Arthur J. Gallagher & Co. Large global insurance brokerage operating the same multi-carrier placement model across personal and commercial lines — broadly comparable business model at vastly greater scale and geographic reach.
• State Farm: Largest US personal-lines insurer with a captive (exclusive) agent model — competes with Paree for the same auto, home and life buyers in WV/OH/PA, but is restricted to a single carrier rather than offering Paree's multi-carrier choice.
• Erie Insurance Group: Paree's primary carrier partner, but also a competitor when consumers buy direct from Erie rather than through Paree. Same brand affinity and overlapping personal/commercial product suite; significant larger scale and direct-to-consumer capability.
• Brown & Brown Insurance: National insurance brokerage distributing personal and commercial coverage through multiple carriers — same independent brokerage model as Paree, executed at significantly larger scale via acquisitions and organic growth.

Direct peers

• Policygenius: Digital insurance broker selling life, home, auto, disability and other lines through multiple carriers — comparable brokerage value proposition (multi-carrier choice) but delivered through a digital-first channel rather than in-person advisors.
• SmartFinancial Insurance: Multi-carrier insurance brokerage distributing personal and commercial lines online and through agents — directly comparable to Paree's multi-carrier brokerage model but with a heavier digital/online acquisition motion.
• Heffernan Insurance Brokers: Independent insurance brokerage operating across multiple states with multi-line personal and commercial offerings through multiple carriers — the same operating model Paree uses, scaled up and with broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PareeInsurance
• Facebookfacebook.com/PareeInsuranceCenters

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Paree Insurance Centers