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First Acceptance Insurance

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Namestring
First Acceptance Insurance
Legal namestring
First Acceptance Insurance Company, Inc.
Company typeenum
Private
Founded yearint
1974
Descriptiontext

First Acceptance Insurance Company, Inc. (FAIC) is a private personal auto insurance carrier founded in 1974 and headquartered in Nashville, Tennessee. The company underwrites and services auto insurance policies for individual consumers across 14 U.S. states, primarily in the Southeast, Midwest, and Central regions. FAIC operates as a subsidiary of First Acceptance Corporation, a holding company, and is supported by a multi-entity corporate structure that includes state-specific licensed carriers (First Acceptance Insurance Company of Tennessee, Inc. and First Acceptance Insurance Company of Georgia, Inc.) and two services entities (First Acceptance Services, Inc. and First Acceptance Insurance Services, Inc.). The company has no public ticker, no disclosed venture capital or private equity backing, and has operated privately for more than 50 years.

The company's core product is a single-line personal auto insurance policy, distributed through three channels: independent insurance agents, branded Acceptance Insurance agents, and direct online/phone sales. Its technology stack centers on a smartphone-based claims application that allows customers to photograph vehicle damage and submit claims digitally, with a 24-hour follow-up commitment from a dedicated claim specialist. The carrier also operates an online quote and policy management portal, and holds a Hertz Concierge partnership that provides rental car access during covered repairs. Pricing is quote-based and not publicly disclosed, with billing on a monthly cadence; customer testimonials emphasize competitive pricing and ease of service.

The primary customer segment is individual consumers seeking affordable personal auto insurance. Customer testimonials describe price-sensitivity, ease of online payment, and proactive account management as core purchase drivers. The company is actively operating as of 2026 based on website copyright and contact details, with no recent M&A, funding, leadership, or restructuring events disclosed in the source data.

Short descriptiontext

First Acceptance Insurance is a private personal auto insurance carrier founded in 1974 and headquartered in Nashville, Tennessee, underwriting and servicing auto policies for individual consumers across 14 U.S. states through independent agents, branded agents, and direct online and phone channels.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersNashville, United States
HQ citystring
Nashville
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
auto insurance, personal auto coverage, insurance underwriting, claims processing, independent agent distribution
Industry2 codes
1Standard Personal Auto Insurance (Liability, Collision & Comprehensive)
CodeFSAJAAAAPrimaryYes
2Personal Auto Insurance
CodeFSAJAMAAPrimaryNo
NAICS code1 code
  • Direct Property and Casualty Insurance Carriers524126
SIC code1 code
  • Insurance Carriers, Nec6399
Product category
Personal Auto Insurance
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Auto Insurance Premiums
TypeSubscription Recurring
Description

First Acceptance Insurance generates revenue through underwriting and servicing auto insurance policies sold via independent agents and Acceptance Insurance agents across 14 states.

firstacceptance.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components7 values
Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain, Others
Pricing details1 tier
1Auto Insurance - Customized individual policies
ModelSubscriptionBilling cadenceMonthly
Notes

Quote-based pricing; no standard rates publicly listed. Customer testimonials mention competitive/cheap pricing compared to other insurers.

firstacceptance.com
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

First Acceptance Insurance Company (FAIC) underwrites and services personal auto insurance policies for individual vehicle owners across 14 U.S. states. Policies are sold through independent agents and branded Acceptance Insurance agents, supported by online quoting tools, mobile claims submission with photo documentation, and dedicated claim specialists. The product is a single-line personal auto insurance offering with no commercial or non-auto lines indicated.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Claims representative contacts within 24 hours of claim submission
+1 more record
Product overview1 text field

First Acceptance Insurance operates as a single-product insurance carrier focused exclusively on auto insurance. The company provides a unified product offering comprising the core Auto Insurance policy, an online quote and policy management system, and a smartphone-based claims submission process. All products are serviced by FAIC and distributed through Acceptance Insurance agents and Independent Agents across fourteen states.

Product and service1 record
1Auto Insurance
CategoryPersonal Auto Insurance
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Hertz Concierge partnership provides First Acceptance Insurance customers with access to rental cars while their vehicles are being repaired following a covered claim. This partnership enhances the claims customer experience by coordinating transportation alternatives during the repair process.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Non-standard auto and motorcycle insurance carrier targeting high-risk drivers. Comparable in product focus, customer profile, and multi-state agency distribution.

TypeDirect peer
Description

Non-standard auto insurance carrier operating across multiple US states. Compares in product mix, customer segment, and agent-driven distribution model.

TypeDirect peer
Description

Personal lines insurer with significant non-standard auto presence. Comparable multi-state carrier with similar customer profile and agent distribution.

TypeDirect peer
Description

Auto insurance carrier offering standard and non-standard policies through direct and agent channels. Comparable multi-state personal auto underwriter with digital capabilities.

TypeDirect peer
Description

Personal auto insurance carrier, part of National General Group. Operates in the non-standard segment with similar agent and direct distribution across multiple states.

TypeDirect peer
Description

The branded agent distribution channel under the same First Acceptance Corporation parent. Sells FAIC underwritten auto insurance using the same non-standard / value-segment positioning.

TypeDirect peer
Description

Non-standard auto insurance carrier focused on drivers with imperfect records or unique circumstances. Closely comparable business model targeting the same value-oriented personal auto segment.

TypeDirect peer
Description

Non-standard auto insurance carrier specializing in high-risk drivers with minimal coverage requirements. Directly comparable in target customer, value pricing, and direct/agent hybrid distribution.

TypeBroad incumbent
Description

Larger national P&C insurer (owned by Allstate) with significant non-standard auto presence. Represents the broader incumbent competitive set against which mid-sized regional carriers compete.

TypeBroad incumbent
Description

National auto insurance leader with substantial non-standard auto exposure. Sets competitive pricing benchmarks and digital claims standards that FAIC must match to retain customers.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

First Acceptance Insurance

Personal Auto Insurancefirstacceptance.com

First Acceptance Insurance is a private personal auto insurance carrier founded in 1974 and headquartered in Nashville, Tennessee, underwriting and servicing auto policies for individual consumers across 14 U.S. states through independent agents, branded agents, and direct online and phone channels.

What First Acceptance Insurance does

First Acceptance Insurance Company, Inc. (FAIC) is a private personal auto insurance carrier founded in 1974 and headquartered in Nashville, Tennessee. The company underwrites and services auto insurance policies for individual consumers across 14 U.S. states, primarily in the Southeast, Midwest, and Central regions. FAIC operates as a subsidiary of First Acceptance Corporation, a holding company, and is supported by a multi-entity corporate structure that includes state-specific licensed carriers (First Acceptance Insurance Company of Tennessee, Inc. and First Acceptance Insurance Company of Georgia, Inc.) and two services entities (First Acceptance Services, Inc. and First Acceptance Insurance Services, Inc.). The company has no public ticker, no disclosed venture capital or private equity backing, and has operated privately for more than 50 years.

The company's core product is a single-line personal auto insurance policy, distributed through three channels: independent insurance agents, branded Acceptance Insurance agents, and direct online/phone sales. Its technology stack centers on a smartphone-based claims application that allows customers to photograph vehicle damage and submit claims digitally, with a 24-hour follow-up commitment from a dedicated claim specialist. The carrier also operates an online quote and policy management portal, and holds a Hertz Concierge partnership that provides rental car access during covered repairs. Pricing is quote-based and not publicly disclosed, with billing on a monthly cadence; customer testimonials emphasize competitive pricing and ease of service.

The primary customer segment is individual consumers seeking affordable personal auto insurance. Customer testimonials describe price-sensitivity, ease of online payment, and proactive account management as core purchase drivers. The company is actively operating as of 2026 based on website copyright and contact details, with no recent M&A, funding, leadership, or restructuring events disclosed in the source data.

First Acceptance Insurance firmographics

Firmographics
Name
First Acceptance Insurance
Legal name
First Acceptance Insurance Company, Inc.
Website
https://firstacceptance.com
Company type
Private
Founded year
1974
Operating status
Operating
Headcount range
501–1,000 employees
Short description
First Acceptance Insurance is a private personal auto insurance carrier founded in 1974 and headquartered in Nashville, Tennessee, underwriting and servicing auto policies for individual consumers across 14 U.S. states through independent agents, branded agents, and direct online and phone channels.
Ownership category
akta.pro rank

First Acceptance Insurance industry classification

Industry
Product category
Personal Auto Insurance
NAICS
Direct Property and Casualty Insurance Carriers (524126)
SIC
Insurance Carriers, Nec (6399)
akta.pro primary industry
Standard Personal Auto Insurance (Liability, Collision & Comprehensive) (FSAJAAAA)
akta.pro secondary industry
Personal Auto Insurance (FSAJAMAA)

Keywords

  • Auto insurance
  • Personal auto coverage
  • Insurance underwriting
  • Claims processing
  • Independent agent distribution

Where First Acceptance Insurance is headquartered

Location

Headquarters

HQ city
Nashville
HQ country
United States
HQ region
North America

Offices1 record

Markets served

First Acceptance Insurance business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain, Others

Revenue model

  1. Auto Insurance Premiums: First Acceptance Insurance generates revenue through underwriting and servicing auto insurance policies sold via independent agents and Acceptance Insurance agents across 14 states.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyAuto Insurance - Customized individual policies

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

First Acceptance Insurance product offering

Product offering

Core offering

First Acceptance Insurance Company (FAIC) underwrites and services personal auto insurance policies for individual vehicle owners across 14 U.S. states. Policies are sold through independent agents and branded Acceptance Insurance agents, supported by online quoting tools, mobile claims submission with photo documentation, and dedicated claim specialists. The product is a single-line personal auto insurance offering with no commercial or non-auto lines indicated.

Product overview

First Acceptance Insurance operates as a single-product insurance carrier focused exclusively on auto insurance. The company provides a unified product offering comprising the core Auto Insurance policy, an online quote and policy management system, and a smartphone-based claims submission process. All products are serviced by FAIC and distributed through Acceptance Insurance agents and Independent Agents across fourteen states.

Differentiator

Problem solved

Functional benefit

Products and services

  • Auto Insurance

Quantifiable outcome

  • Claims representative contacts within 24 hours of claim submission
  • +1 more outcomes

Companies that use First Acceptance Insurance

Customer profile

Named customers3 records

Segments1 record

Ideal customer profiles1 record

First Acceptance Insurance technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

First Acceptance Insurance partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • HertzcoreStrategic or Co-development PartnerHertz Concierge partnership provides First Acceptance Insurance customers with access to rental cars while their vehicles are being repaired following a covered claim. This partnership enhances the claims customer experience by coordinating transportation alternatives during the repair process.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

First Acceptance Insurance competitors and assessment

Company assessment

Direct peers

  • Dairyland Insurance: Non-standard auto and motorcycle insurance carrier targeting high-risk drivers. Comparable in product focus, customer profile, and multi-state agency distribution.
  • Infinity Insurance: Non-standard auto insurance carrier operating across multiple US states. Compares in product mix, customer segment, and agent-driven distribution model.
  • Kemper Auto Insurance: Personal lines insurer with significant non-standard auto presence. Comparable multi-state carrier with similar customer profile and agent distribution.
  • Elephant Insurance: Auto insurance carrier offering standard and non-standard policies through direct and agent channels. Comparable multi-state personal auto underwriter with digital capabilities.
  • Bristol West Insurance: Personal auto insurance carrier, part of National General Group. Operates in the non-standard segment with similar agent and direct distribution across multiple states.
  • Acceptance Insurance: The branded agent distribution channel under the same First Acceptance Corporation parent. Sells FAIC underwritten auto insurance using the same non-standard / value-segment positioning.
  • Direct Auto Insurance: Non-standard auto insurance carrier focused on drivers with imperfect records or unique circumstances. Closely comparable business model targeting the same value-oriented personal auto segment.
  • The General Insurance: Non-standard auto insurance carrier specializing in high-risk drivers with minimal coverage requirements. Directly comparable in target customer, value pricing, and direct/agent hybrid distribution.

Broad incumbents

  • National General Insurance: Larger national P&C insurer (owned by Allstate) with significant non-standard auto presence. Represents the broader incumbent competitive set against which mid-sized regional carriers compete.
  • Progressive: National auto insurance leader with substantial non-standard auto exposure. Sets competitive pricing benchmarks and digital claims standards that FAIC must match to retain customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

First Acceptance Insurance social profiles

Digital presence

First Acceptance Insurance financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Acceptance Insurance leadership team

Management profile

Number of profiles

First Acceptance Insurance funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

First Acceptance Insurance M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about First Acceptance Insurance

What does First Acceptance Insurance do?

First Acceptance Insurance Company (FAIC) underwrites and services personal auto insurance policies for individual vehicle owners across 14 U.S. states. Policies are sold through independent agents and branded Acceptance Insurance agents, supported by online quoting tools, mobile claims submission with photo documentation, and dedicated claim specialists. The product is a single-line personal auto insurance offering with no commercial or non-auto lines indicated.

Is First Acceptance Insurance a public or private company?

First Acceptance Insurance is a private company. It is classified as unknown and is currently operating.

When was First Acceptance Insurance founded?

First Acceptance Insurance was founded in 1974. It employs 501 to 1,000 people.

Where is First Acceptance Insurance based?

First Acceptance Insurance is headquartered in Nashville, United States, in the North America region.

How does First Acceptance Insurance make money?

One revenue line is on record: auto Insurance Premiums.

Who are First Acceptance Insurance's main competitors?

Direct peers on record are Dairyland Insurance, Infinity Insurance, Kemper Auto Insurance, Elephant Insurance, Bristol West Insurance, Acceptance Insurance, Direct Auto Insurance and The General Insurance. Broad incumbents are National General Insurance and Progressive.

Does First Acceptance Insurance have an API?

No public API is recorded for First Acceptance Insurance.

What industry is First Acceptance Insurance in?

First Acceptance Insurance's product category is Personal Auto Insurance. Its primary akta.pro industry code is FSAJAAAA, Standard Personal Auto Insurance (Liability, Collision & Comprehensive), with a secondary code of FSAJAMAA, Personal Auto Insurance. Its NAICS code is 524126 and its SIC code is 6399.

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Live signals
FinancialContent Business PageFirst Acceptance Announces Expansion Into LouisianaFirst Acceptance Insurance Company, a subsidiary of First Acceptance Corporation, has announced its expansion into Louisiana, providing auto insurance coverage to approximately 3.3 million licensed drivers in the state. The company, which has over 50 years of experience serving drivers across 16 states, specializes in providing coverage to customers who may have trouble finding coverage elsewhere. First Acceptance Insurance will be sold through independent insurance agents and online at firstacceptance.com.MorningstarFirst Acceptance Announces Expansion Into LouisianaFirst Acceptance Insurance Company announced its expansion into Louisiana, making its auto insurance available to approximately 3.3 million licensed drivers. The company, a subsidiary of First Acceptance Corporation, has over 50 years of experience serving drivers across 16 states. The product will be sold through independent agents or online at firstacceptance.com.Stock TitanFirst Acceptance, Pouch launch TN gig-fleet coveragePouch Insurance announced the launch of its Micro-Fleet Rideshare program, an admitted commercial auto product underwritten by First Acceptance Insurance Company of Tennessee, Inc., now available to fleet owners in Tennessee. The program addresses a coverage gap in the gig economy by insuring drivers during periods when the TNC platform application is inactive, using a per-mile telematics-based pricing model for fleet owners with up to 25 vehicles. Both companies have indicated plans to expand the product nationally, with Pouch currently operating two commercial auto programs and First Acceptance targeting historically underserved markets.First Alert 4Data shows rise in complaints about auto insurance claims handlingComplaints about auto insurance claims increased 7.5% from 2024 to 2025, according to a ValuePenguin report, with consumers expressing frustration over lower settlements. A specific case involved First Acceptance Insurance Company offering a lower payment than estimated for damages, prompting a complaint process. The Missouri Department of Insurance reported record recoveries for consumer claims in 2024 and 2025.GlobeNewswireFirst Acceptance Corporation to Present at the OTCQX Best 50 Virtual Investor Conference on April 24thFirst Acceptance Corporation will present live at the OTCQX Best 50 Virtual Investor Conference on April 24th, 2025, from 2:00–2:30 pm ET. The company sold its insurance agency operations in December 2023 and now underwrites policies through independent agents. Tangible book value per share rose to $4.41 at year-end 2024.Intuit Credit KarmaHugo auto insurance review: Pay-as-you-go insurance for state-minimum coverageThe author argues that Hugo auto insurance is a pay-as-you-go insurance startup offering a flexible micropayment model allowing drivers to activate and deactivate coverage as needed, with no down payments or hidden fees. However, the review notes that Hugo's coverage options are limited and the service is unavailable in most states. The company, backed by venture capital firms Founders Fund and Canaan, partners with First Acceptance for insurance underwriting and primarily targets drivers seeking state-minimum liability coverage.PR NewswireAcceptance Insurance donates 40,000 backpacks filled with school supplies to students nationwideAcceptance Insurance distributed 40,000 backpacks filled with school supplies to students across 13 states as the 2022-23 school year approached, with donations sourced from customers, neighbors, and community partners. The company stated the supply drive addressed critical needs for families facing record-high back-to-school costs, which a retail industry study estimated at $864 per family on average—a 24% increase from $697 in 2019. Kemper Insurance co-sponsored supply drives in Florida, Texas, Arizona, Georgia, and Pennsylvania through partnerships with local school districts and education non-profits.PR NewswireAcceptance Insurance named to Forbes America's Best Employers 2022 ListAcceptance Insurance, a provider of auto insurance operating in 13 states, has been named to Forbes' 2022 list of America's Best Employers based on an independent survey of 60,000 American workers across 25 industries.PR NewswireAcceptance Insurance Launches $100K "Get A Smile, Give A Smile" SweepstakesAcceptance Insurance announced the launch of its "Get A Smile, Give A Smile" sweepstakes program, offering $100,000 in total prizes to 85 winners from now through April 16, 2021. Five grand prizes of $10,000 each will be awarded, with $5,000 going to the winner and a matching $5,000 donated to a charity of their choice from six partner organizations including the American Red Cross, Feeding America, and Habitat for Humanity. The initiative aligns with the company's mission to serve historically underserved customers and communities across its 15-state, 338-location footprint.GlobeNewswireFirst Acceptance Corporation Reports Operating Results for the Quarter Ended March 31, 2018First Acceptance Corporation reported Q1 2018 net income of $5.4 million, up from $0.7 million in 2017, with income before taxes of $7.2 million versus $1.6 million. The company's loss ratio improved to 68.7% from 80.6%, and CEO Ken Russell cited favorable loss development and pricing efforts.