Rainbow Insurance
Rainbow Insurance is a small, privately held independent insurance agency in Margate City, Florida, founded in 1981, writing personal and commercial policies covering motor vehicles, properties, businesses, and annuities through a 1-10 employee team.
- Company typePrivate
- Founded1981
- HeadquartersMargate City, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Rainbow Insurance firmographics
Firmographics- Name
- Rainbow Insurance
- Website
- https://browardinsuranceagency.com
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Rainbow Insurance is a small, privately held independent insurance agency in Margate City, Florida, founded in 1981, writing personal and commercial policies covering motor vehicles, properties, businesses, and annuities through a 1-10 employee team.
- Ownership category
- akta.pro rank
Where Rainbow Insurance is headquartered
LocationHeadquarters
- HQ city
- Margate City
- HQ country
- United States
- HQ region
- North America
Markets served
Rainbow Insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Rainbow Insurance product offering
Product offeringCore offering
Rainbow Insurance is an independent insurance agency that writes policies for motor vehicles, properties, businesses, and annuities. The agency operates from Margate City, Florida and has been in business since 1981, serving as a local intermediary between insurance carriers and individual or small-commercial customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Motor vehicle insurance policies Personal auto and other motor vehicle insurance policies placed through carrier partnerships for individual customers in the Margate City / Broward County area.
- Property insurance policies Property insurance policies (e.g., homeowners and related property coverage) written for individual customers through the agency.
- Business insurance policies Business insurance policies placed for commercial clients through carrier partnerships via the agency's Margate City office.
- Annuities services Annuities products offered to individual customers through the agency as part of its product portfolio.
Companies that use Rainbow Insurance
Customer profileIdeal customer profiles2 records
Rainbow Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Rainbow Insurance competitors and assessment
Company assessmentBroad incumbents
- Liberty Mutual Insurance: National P&C carrier selling personal and small-commercial lines through both direct channels and independent agents. Overlaps with Rainbow on auto, homeowners, and small-business coverage in Florida.
- Brown & Brown, Inc. Large national insurance broker headquartered in Daytona Beach, Florida, offering retail and wholesale brokerage across P&C, employee benefits, and personal lines. Comparable as a Florida-based intermediary in overlapping product categories, though materially larger.
- Progressive: Direct-to-consumer auto insurer with growing home and bundled offerings. Competes head-to-head with Rainbow for personal auto and home customers in the same Florida geography, primarily through digital channels.
- State Farm: Largest U.S. personal-lines insurer with a captive agency force. Directly competes with independent agencies like Rainbow for auto, home, and life business in the same South Florida geography.
- Allstate: National personal-lines carrier that distributes primarily through captive Allstate agents. Competes with Rainbow for the same auto and homeowners households in the South Florida market via the agency model.
Direct peers
- Insurance Office of America (IOA): Large Florida-based independent insurance agency writing property, casualty, and personal lines for commercial and personal clients. Directly comparable as a multi-line Florida agency, although materially larger in scale than Rainbow.
- Baldwin Risk Partners: Florida-based insurance distribution platform (BRP Group) that acquires and partners with independent agencies. Comparable to Rainbow in product scope (auto, property, commercial) and in geographic roots within the Southeast.
- Brightway Insurance: Florida-headquartered insurance agency franchise that distributes personal and commercial lines through independent agents. Comparable to Rainbow because both are multi-line Florida agencies selling auto, home, and business coverage to households and small businesses.
Regional players
- AssureSouth Insurance Agency: Southeast U.S. regional independent insurance agency writing personal and commercial lines. Comparable to Rainbow as a smaller regional multi-line agency in overlapping geographies and product mix.
Emerging players
- Goosehead Insurance: Independent insurance agency franchise model distributing home, auto, and other lines through a network of small local agents. Comparable to Rainbow in serving households with bundled personal-lines coverage through a local agent relationship.
Market position
Customer concentration
Rainbow Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rainbow Insurance leadership team
Management profileNumber of profiles
Rainbow Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rainbow Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rainbow Insurance
What does Rainbow Insurance do?
Rainbow Insurance is an independent insurance agency that writes policies for motor vehicles, properties, businesses, and annuities. The agency operates from Margate City, Florida and has been in business since 1981, serving as a local intermediary between insurance carriers and individual or small-commercial customers.
When was Rainbow Insurance founded?
Rainbow Insurance was founded in 1981. It employs 1 to 10 people.
Where is Rainbow Insurance based?
Rainbow Insurance is headquartered in Margate City, United States, in the North America region.
Who are Rainbow Insurance's main competitors?
Broad incumbents on record are Liberty Mutual Insurance, Brown & Brown, Inc., Progressive, State Farm and Allstate. Direct peers are Insurance Office of America (IOA), Baldwin Risk Partners and Brightway Insurance. AssureSouth Insurance Agency is listed as a regional player. Goosehead Insurance is listed as an emerging player.
Does Rainbow Insurance have an API?
No public API is recorded for Rainbow Insurance.