American Business Insurance Services

What American Business Insurance Services does

American Business Insurance Services (ABI) is a US-based commercial transportation insurance agency founded in 1983 and headquartered in Westlake Village, California. The company specializes in commercial auto insurance for the for-hire vehicle ecosystem, including taxi fleets, limousine operators, Uber Black drivers, non-emergency medical transport (NEMT) providers, transportation network companies (TNCs), and P2P car share fleet owners. ABI insures more than 50,000 commercial vehicles nationwide and operates as a subsidiary of INSHUR following a 2023 acquisition.

The company's product portfolio centers on the Period X™ and Period Z insurance suite — a proprietary two-part product covering vehicles when they are not being rented (Period X, a flat monthly premium with mandatory GPS telematics and a fleet management dashboard) and when they are being rented (Period Z, a pay-per-day usage-based layer that enables direct and cross-platform bookings). Beyond car share, ABI offers differentiated products for taxi, limousine, Uber Black, NEMT, TNC providers and drivers, and stand-alone physical damage coverage, plus a mechanical protection add-on via a Fair Warranty partnership. A Commercial Auto Insurance API provides enterprise fleet operators and technology partners programmatic policy management with real-time vehicle onboarding, removal, and digital proof-of-insurance transmission.

ABI's business model combines subscription-based premiums (Period X at approximately $111/month per vehicle, Uber Black at $599–$799/month), usage-based pricing (Period Z per rental day), and broker channel commissions. The go-to-market motion is hybrid: a self-serve online portal for SMB and individual policyholders, inside sales for phone-based conversions, a broker partner network for taxi/livery specialists, and API-first integration for enterprise fleet operators and mobility platforms. Distribution is anchored by an embedded partnership with Turo for car share hosts. Since the 2023 INSHUR partnership, ABI has executed a Google Cloud migration, launched Period Z, and added the Trackmate GPS integration, indicating a deliberate platform-ification strategy built on top of its 35-plus years of underwriting experience in commercial transportation.

Name

American Business Insurance Services

Legal name

American Business Insurance Services, Inc.

Website

https://abiweb.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

American Business Insurance Services is a US-based commercial auto insurance agency insuring 50,000+ for-hire vehicles, including taxis, limousines, Uber Black drivers, NEMT providers, and car share fleets via its proprietary Period X™ and Period Z products.

Ownership category

akta.pro rank

Product category

Commercial Auto Insurance

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Auto & Fleet Insurance (FSAJAMAB)

akta.pro secondary industries

Rideshare (TNC) Personal Auto Insurance (FSAJAAAI), Vehicle Protection & Add-on Product Financing (Warranties, GAP, Service Plans) (FSAKADAL)

Keywords

• Commercial auto insurance
• Taxi and livery insurance
• Carshare fleet insurance
• Rideshare driver insurance
• Transportation network insurance

Headquarters

HQ city

Westlake Village

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums - Period X: Flat monthly subscription-style premium for off-rental coverage. Starting at approximately $97-$111 per vehicle per month, varying by location. Includes fleet management dashboard and GPS tracking requirements.
2. Insurance Premiums - Period Z: Usage-based per-day premium activated only on rental days. Fleet owner controls when coverage is activated. Included automatically with Period X policy.
3. Taxi and Livery Insurance: Commercial auto insurance for taxi fleets, limousines, and for-hire vehicles. Auto liability, comprehensive, and collision coverage with customizable policy limits and deductibles ranging from $500-$5,000.
4. Uber Black Insurance: Specialized commercial auto insurance for luxury livery drivers. Starting at $599/month in low risk cities, $799/month standard rate. Includes liability, collision, and comprehensive coverage.
5. NEMT Insurance: Non-Emergency Medical Transport insurance covering paratransit vehicles. Auto liability and comprehensive/collision coverage for medical transportation businesses.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

American Business Insurance Services (ABI) is a commercial transportation insurance agency that underwrites and distributes specialized auto insurance products for taxi fleets, limousine operators, car sharing hosts, rideshare (TNC) providers and drivers, non-emergency medical transport businesses, and Uber Black luxury livery drivers. Its flagship offering is the proprietary Period X™ (off-rental) and Period Z (on-rental) carshare insurance suite, which together create the first complete coverage solution for fleet vehicles on platforms such as Turo, TripCity, RentID, and Zevo. The company also operates a self-serve online portal and a Commercial Auto Insurance API that enables real-time policy management for fleet owners and technology partners.

Product overview

American Business Insurance Services operates as a commercial transportation insurance agency offering a portfolio of specialized products across the livery, rideshare, and car sharing sectors. The core offering is the Period X™ + Period Z integrated insurance suite—the industry's first complete carshare solution combining off-rental protection (Period X, a flat monthly rate with GPS tracking and fleet management) and pay-as-you-go on-rental coverage (Period Z, activated per rental day). Beyond the car sharing suite, ABI provides distinct insurance products for taxis, Uber Black/luxury livery, limousines, non-emergency medical transport (NEMT), and transportation network company (TNC) providers and drivers. Physical damage coverage is available as a standalone product or bundled, and mechanical protection is offered through a Fair Warranty partnership. A Commercial Auto Insurance API serves enterprise customers requiring programmatic policy management. The company, operating since 1983 and now powered by INSHUR following a 2023 partnership, insures over 50,000 commercial vehicles nationwide and offers API integration for fleet owners and technology partners.

Differentiator

Problem solved

Functional benefit

Brands

• Period X™: Off-rental insurance coverage for carshare fleet owners that protects vehicles when not actively rented, including during parking, cleaning, maintenance, and storage periods. Provides comprehensive protection exceeding state minimums in nearly 50 states.
• Period Z

Products and services

• Period X™ Insurance Off-rental commercial auto insurance for car share fleet owners and individuals renting vehicles on peer-to-peer platforms. Protects vehicles when not actively rented (parking, cleaning, maintenance, storage, transit). Requires approved GPS telematics devices and includes a fleet management dashboard. Coverage exceeds minimum state limits in nearly 50 states.
• Period Z On-Rental Insurance Pay-as-you-go on-rental insurance for carshare vehicles. Activates only on rental days, enabling fleet owners to accept direct bookings and list on multiple platforms without insurance conflicts. Flat per-day pricing; automatically bundled with Period X policies.
• Taxi Insurance Commercial auto insurance for taxi businesses covering owner-operators and large fleets. Includes auto liability and comprehensive/collision coverage with customizable policy limits and deductibles ranging from $500 to $5,000. 24/7 online portal for vehicle and driver changes with same-day ID card issuance.
• Uber Black Insurance Commercial auto insurance for luxury livery drivers operating under Uber Black. Covers sedans, stretch limos, luxury SUVs, and high-value vehicles. Pricing starts at $599 per month in low-risk cities and $799 per month standard. Includes liability, collision, and comprehensive coverage.
• Limousine Insurance Commercial insurance for limousine and luxury vehicle companies. Covers stretch limousines, luxury SUVs, high-value vehicles, and airport cars with auto liability and physical damage coverage. Tailored solutions for owner-operators and large fleets.
• Non-Emergency Medical Transport (NEMT) Insurance Insurance for non-emergency medical transportation and paratransit services. Provides auto liability and comprehensive/collision coverage with flexible financing options, 24/7 policy management, and safety program benefits for medical transport businesses.
• TNC Provider Insurance Commercial auto insurance for Transportation Network Companies and shared-economy businesses building rideshare or peer-to-peer platforms. Customizable policies with API integration, flexible billing (per-mile, per-day, per-anything), and coverage for periods 1, 2, 3, and Period X.
• TNC Driver Insurance Commercial auto insurance for individual drivers working with Transportation Network Companies. Provides liability and physical damage coverage for rideshare drivers.
• Physical Damage Insurance Standalone physical damage coverage for livery operations protecting against collision and comprehensive perils. Features same-day policy issuance, multiple carrier options, preferred fleet rates for 50+ vehicles, flexible deductibles from $500 to $5,000, and optional towing and storage coverage.
• Mechanical Protection Mechanical breakdown coverage offered through a partnership with Fair Warranty. Protects commercial transportation vehicles against unexpected mechanical failures to keep vehicles on the road and operator income protected.
• Commercial Auto Insurance API Enterprise-facing REST API enabling real-time commercial auto insurance transactions. Allows fleet owners and technology partners to add or remove vehicles from policies and transmit digital proof of insurance in real time. Customized and extended per client by ABI's in-house engineering team.
• Other Insurance Catch-all commercial insurance category covering any transportation business or vehicle not specifically listed, from large cargo trucks to sedans. Coverage options available for virtually any commercial vehicle type on request.

Quantifiable outcome

• Protects vehicles during 40-60% of vehicle lifecycle when not actively rented - covering downtime between rentals
• +1 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Trackmate GPScoreTechnology or Integration · 1 June 2025Strategic partnership integrating Trackmate GPS tracking devices with Period X insurance program. Trackmate provides real-time vehicle tracking, speed alerts, geofencing, remote door lock/unlock, and remote engine kill capabilities. Integration enables faster rental activity verification, enhanced vehicle safety, and improved claims processing.
• INSHURcoreStrategic or Co-development Partner · 1 January 2023American Business Insurance officially partnered with INSHUR in 2023, creating a powerful alliance. INSHUR is described as a visionary global leader in insurance solutions for the on-demand economy. The partnership brings together ABI's commercial transportation insurance expertise with INSHUR's technology platform and platform partnerships. ABI is now 'powered by INSHUR' and continues to operate under its brand.
• TurocoreGTM or Marketing PartnerTuro is a Period X Insurance Partner. ABI's Period X product is specifically designed for Turo hosts and fleet owners renting on Turo platform. Turo provides marketing and customer acquisition channel for ABI's car share insurance products.
• TripCityminorGTM or Marketing PartnerApproved platform for Period X insurance coverage. TripCity is a car sharing platform similar to Turo, allowing ABI to serve fleet owners listing on this platform.
• PassTime GPScoreTechnology or IntegrationApproved GPS tracking device provider for Period X insurance. PassTime GPS devices are required for coverage eligibility and enable fleet tracking, mileage monitoring, and location services.
• OneStep GPScoreTechnology or IntegrationApproved GPS tracking device provider for Period X insurance. OneStep GPS devices integrated with Period X fleet management dashboard.
• Komodo ClaimscoreOthersIn-house claims administrator for ABI. Komodo specializes in commercial auto claims handling, managing cases quickly, professionally, and with minimum disruption to business operations.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• INSHUR: INSHUR is ABI's parent company and the closest comparable: a global on-demand economy insurance provider offering commercial auto coverage to rideshare, TNC, and gig-economy drivers with embedded API distribution — the same model ABI operates in the US.
• Hyrecar: Hyrecar operates a carshare insurance and vehicle onboarding platform for Turo and Getaround hosts — directly competitive with ABI's Period X product and serving the same peer-to-peer rental host customer base.
• Buckle Insurance: Buckle is a digital insurance platform focused on rideshare, gig, and TNC drivers with embedded policy management and real-time endorsements — competing with ABI's Uber Black and TNC Driver products.
• Slice Labs: Slice Labs is an on-demand insurance cloud platform serving the gig and sharing economy, overlapping with ABI's TNC, rideshare, and carshare insurance offerings through a similar API-first, usage-based model.

Broad incumbents

• GAIG (Government Automobile Insurance): GAIG is a large commercial auto specialist serving taxis, livery, and fleet operators with broad specialty insurance capabilities — overlapping with ABI's core taxi and commercial auto book at the higher end.
• Progressive Commercial: Progressive Commercial is a major broad-market commercial auto insurer with nationwide fleet and livery offerings, representing the mainstream incumbent alternative to ABI's niche specialization.
• Liberty Mutual Commercial Insurance: Liberty Mutual is a large diversified P&C insurer with a sizable commercial auto and fleet book, competing with ABI for taxi, livery, and commercial transportation fleet customers.
• Travelers Commercial Auto: Travelers is a large national P&C carrier with a commercial auto and fleet insurance practice, serving many of the same business transportation customers as ABI at greater scale but with less vertical specialization.

Emerging players

• CoverWallet: CoverWallet is a digital commercial insurance brokerage with API-driven distribution for small business policies, overlapping with ABI's SMB taxi/livery/NEMT customer acquisition motion.
• Turo Insurance Protection Plans: Turo's own host protection plans are embedded directly into the platform and represent a competitive substitute for ABI's Period X product for carshare hosts renting on Turo specifically.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/taxiinsurancequote
• LinkedInlinkedin.com/company/abi-insurance-services-inc
• Instagraminstagram.com/americanbusinessinsurance/?hl=en
• Xx.com/abi_insurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 American Business Insurance Services