Paramount Insurance Agency

What Paramount Insurance Agency does

Paramount Insurance Agency is a privately held, for-profit independent insurance agency founded in 1994 and headquartered in High Point, North Carolina. The firm operates with a small staff of 1-10 employees and is classified as a local community insurance provider. According to the source data, its service offering spans three lines: auto insurance, life insurance, and business insurance, indicating a standard personal-lines and small-commercial mix typical of Main Street agencies.

The agency's business model is consistent with the standard independent insurance agency structure: it places coverage on behalf of retail customers through carrier appointments and earns commission on the policies written. The customer base, while not disclosed in detail, is implicitly a mix of individual households and small businesses in the High Point, NC metropolitan area. There is no indication of specialty coverage, exclusive carrier relationships, or value-added services that would differentiate the agency from peer independent agencies.

The publicly available web property (paramountinsurance.net) currently renders only a domain-verification or loading page and contains no substantive product, pricing, carrier, or contact content. No management bios, technology stack disclosures, partnerships, certifications, funding events, or M&A activity are documented. The thin external data footprint is itself a relevant finding: the firm does not surface as an active digital-led operator, and any investment-grade assessment must rely almost entirely on category-level reasoning rather than company-specific evidence.

Name

Paramount Insurance Agency

Legal name

Paramount Insurance Agency

Website

https://paramountinsurance.net

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Paramount Insurance Agency is a small, privately held independent insurance agency founded in 1994 in High Point, NC, offering auto, life, and business insurance to local individual and small-business customers.

Ownership category

akta.pro rank

Product category

Insurance Services

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

akta.pro secondary industries

Standard Personal Auto Insurance (Liability, Collision & Comprehensive) (FSAJAAAA), Individual/Retail Critical Illness & Hospital Indemnity (FSAIAKAE)

Keywords

• Auto insurance
• Life insurance
• Business insurance
• Insurance agency
• Commercial insurance

Headquarters

HQ city

High Point

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations

Core offering

Paramount Insurance Agency is a small private insurance agency based in High Point, North Carolina that sells auto insurance, life insurance, and business insurance policies. The firm operates as an independent insurance agent, providing coverage solutions to individual consumers and business clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance Auto insurance policies sold to individual consumers and vehicle owners to provide coverage for cars and other personal vehicles.
• Life Insurance Life insurance coverage sold to individual consumers and families to provide financial protection in the event of death or related life events.
• Business Insurance Business insurance policies sold to small business owners and commercial clients for coverage of business-related risks and operations.

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Expansion highlights1 record

Broad incumbents

• Allstate: Allstate is a large national P&C and life insurer with both captive and independent agency distribution, directly overlapping Paramount's auto, life, and business insurance offerings. As a broad incumbent, it competes for the same households and small businesses.
• Erie Insurance: Erie Insurance is a regional super-regional P&C carrier selling auto, home, and commercial insurance through exclusive agents in the Mid-Atlantic and Southeast, including North Carolina. It overlaps directly with Paramount's footprint and product set.
• State Farm: State Farm is a major national carrier with a captive agent distribution model selling auto, life, and small-business insurance. It competes with Paramount for the same personal and small-commercial customers but at vastly greater scale and with owned-product distribution.
• Farmers Insurance: Farmers Insurance distributes auto, home, life, and small-business insurance through a captive and exclusive-agent model across the U.S. It is comparable to Paramount as a multi-line retail distributor targeting personal and small-commercial customers, though at far greater scale.
• Nationwide Mutual Insurance Company: Nationwide is a major multi-line carrier and agency distributor offering auto, life, and small-business coverage. Headquartered in the same region as Paramount (Ohio/NC footprint), it competes for the same personal and small-commercial customers.

Emerging players

• Lemonade: Lemonade is a digital-first insurtech selling renters, homeowners, and increasingly auto and life insurance direct to consumers via app. It is comparable as a competitor for personal-lines shoppers that might otherwise buy from a local agency like Paramount, particularly digitally savvy consumers.
• The Zebra: The Zebra is an insurance comparison marketplace focused on personal auto and home. It does not underwrite but competes with independent agencies like Paramount for the same auto-shopping customer by enabling direct online quoting across multiple carriers.

Direct peers

• Auto-Owners Insurance: Auto-Owners is a mid-sized mutual insurer distributing auto, home, life, and commercial insurance exclusively through independent agents, with strong presence in the Southeast. It is a relevant carrier-side peer to Paramount because independent agents like Paramount represent Auto-Owners as one of their primary carriers.
• Brightway Insurance: Brightway is a large independent insurance agency franchise offering auto, home, and business insurance through local storefronts. Like Paramount, it operates as a retail brokerage placing personal and commercial lines with multiple carriers, making it a directly comparable independent agency model.
• Goosehead Insurance: Goosehead Insurance is a publicly traded independent agency distributing home, auto, and commercial insurance through franchisee agents. It is a direct peer in product mix (auto + business), distribution (local agent-led), and target customer (personal and small commercial).

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks4 records

Key highlights3 records

Customer concentration

• Facebookfacebook.com/ParamountInsurance
• LinkedInlinkedin.com/company/paramount-insurance-agency-nc

Revenue estimate

Valuation estimate

Number of profiles

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 Paramount Insurance Agency