Olive
Olive (Repair Ventures, LLC) is a Chicago-based digital insurance agency and broker selling subscription vehicle service contracts and mechanical breakdown insurance to individual car owners across all 50 U.S. states and Canada, with claims administered by QBE partners.
- Company typePrivate
- Founded2020
- HeadquartersChicago, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Olive does
Olive, operating as Repair Ventures, LLC (dba olive®), is a U.S.-based insurance agency and broker that markets vehicle service contracts and mechanical breakdown insurance to individual vehicle owners. The company sells three subscription-style monthly repair plans covering mechanical failures (transmission, steering, suspension, cooling system, etc.) on vehicles from new to 10 years old, with coverage extending up to 185,000 total miles and no annual mileage caps. Plans are distributed across all 50 U.S. states and Canada, with state-specific regulatory licensing in Florida (vehicle service contracts, license #W684199) and California (mechanical breakdown insurance, license #0E50834).
The business runs on an all-digital, self-serve platform accessible at shop.olive.com, where customers obtain quotes and manage coverage without phone-based sales interactions. Olive is differentiated by an instant-activation (no waiting period) model and a direct-to-shop claims payment process, removing friction for both the consumer and the repair facility. The company is not itself an insurer; instead, it functions as a marketing and distribution layer, with QBE Administration Services, Inc. providing vehicle service contracts in most states and QBE Insurance Corporation underwriting mechanical breakdown insurance in California.
Revenue is generated from monthly subscription fees on these plans, with claims administration outsourced to its QBE partners. Olive acquires customers through product-led growth, relying on organic search, educational content, and customer testimonials rather than outbound sales. The firm was founded in 2020, is headquartered in Chicago, and employs 101–250 people. No venture or institutional funding rounds, acquisitions, or leadership changes are disclosed in the available data.
Olive firmographics
Firmographics- Name
- Olive
- Legal name
- Repair Ventures, LLC
- Website
- https://gogetolive.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Olive (Repair Ventures, LLC) is a Chicago-based digital insurance agency and broker selling subscription vehicle service contracts and mechanical breakdown insurance to individual car owners across all 50 U.S. states and Canada, with claims administered by QBE partners.
- Ownership category
- akta.pro rank
Olive industry classification
Industry- Product category
- Extended Vehicle Warranty / Vehicle Service Contracts
- akta.pro primary industry
- Auto Ancillary Warranties (Tire & Wheel, Paintless Dent, Key/Remote, Windshield) (FSAJALAB)
Keywords
Where Olive is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Markets served
Olive business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Marketing or Sales, Personnel, Technology or R&D, Others
Revenue model
- Vehicle Repair Plan Subscriptions: Olive generates revenue through monthly subscription fees for vehicle repair coverage plans. Customers pay a fixed monthly rate in exchange for coverage of unexpected mechanical breakdowns, with Olive paying covered repair bills directly to repair shops.
- Brokerage Intermediary Revenue: Olive operates as a broker, outsourcing claims administration to third-party administrators (QBE). Revenue is generated from premium payments, with claims handling managed externally.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Three plan types available with varying coverage levels |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Olive product offering
Product offeringCore offering
Olive sells vehicle repair plans (extended car warranty alternatives) directly to individual vehicle owners through a 100% online platform. The company offers three plan types with fixed monthly rates, no waiting period, and coverage for parts and labor on mechanical breakdowns for vehicles from brand-new to 10 years old, up to 185,000 total miles across 50 U.S. states and Canada. Olive operates as a broker/marketer while third-party administrators (QBE Administration Services and QBE Insurance Corporation) handle contract issuance and claims administration.
Product overview
Olive is a vehicle repair coverage company offering extended car warranty alternatives. The company provides three plan types that cover unexpected mechanical breakdown costs including parts and labor. Coverage extends up to 185,000 total miles with no yearly mileage limits, across 50 U.S. states and Canada. Plans are available for vehicles from brand-new to 10 years old, with fixed monthly rates and an all-digital 100% online experience. Olive operates as a broker that outsources claims administration to third parties (QBE Administration Services and QBE Insurance Corporation). In Florida, Olive sells vehicle service contracts, and in California, it sells mechanical breakdown insurance.
Differentiator
Problem solved
Functional benefit
Products and services
- Olive Vehicle Repair Plan Subscription-based vehicle repair coverage plans that protect individual vehicle owners against unexpected mechanical breakdowns, covering parts and labor for repairs including transmission, steering, suspension, and cooling system issues. Plans are available for vehicles from brand-new to 10 years old with no waiting period for activation.
- Mechanical Breakdown Insurance (California) Mechanical breakdown insurance policies sold to California residents, provided by QBE Insurance Corporation, covering unexpected repair costs for vehicle mechanical failures.
- Florida Vehicle Service Contracts Vehicle service contracts sold to Florida residents under license #W684199, with contracts administered by QBE Administration Services, Inc., covering mechanical breakdowns after the manufacturer's warranty expires.
Quantifiable outcome
- Average engine replacement cost over $7,500 avoided through monthly coverage payments
- +1 more outcomes
Companies that use Olive
Customer profileNamed customers5 records
Segments1 record
Ideal customer profiles1 record
Olive technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Olive partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- QBE Administration Services, Inc.coreQBE Administration Services, Inc. provides vehicle service contracts for Olive in most U.S. states. Olive operates as a broker/marketing entity while QBE handles the actual contract administration and claims processing.
- QBE Insurance CorporationcoreQBE Insurance Corporation provides mechanical breakdown insurance policies for Olive in California. This is the underwriter for Olive's California mechanical breakdown insurance products.
Scale indicators3 records
Expansion highlights5 records
Olive competitors and assessment
Company assessmentDirect peers
- American Auto Shield: American Auto Shield is a vehicle service contract administrator/marketer that sells extended warranties through digital and partner channels — a direct product peer to Olive with overlapping administrator-style economics.
- CarShield: CarShield is the largest direct-to-consumer vehicle service contract provider in the U.S., selling monthly subscription mechanical breakdown coverage online — the same D2C digital playbook Olive uses and the most direct head-to-head competitor for Olive's keywords and customer segments.
- CARCHEX: CARCHEX sells extended vehicle service contracts directly to consumers online and through partner channels, competing for the same 'extended car warranty' search demand and buyer profile as Olive.
- Endurance Warranty: Endurance is a leading direct-to-consumer extended auto warranty provider offering multi-tier vehicle service contracts sold online with administrator partnerships — directly comparable in product structure, distribution model, and target customer to Olive.
- Warranty Wise: Warranty Wise is a direct-to-consumer extended car warranty provider offering tiered monthly coverage for used vehicles — closely comparable in monthly subscription mechanics, customer profile, and digital acquisition strategy to Olive.
- Easycare (Easycare Warranty): Easycare sells vehicle service contracts and ancillary auto protection products through dealer and direct channels, competing for the same buyer considering an extended warranty alternative.
- Protect My Car: Protect My Car is a D2C vehicle service contract and maintenance plan provider with monthly subscription coverage — closely overlapping Olive's product, pricing, and digital acquisition approach.
Emerging players
- Toco Warranty: Toco is a digital-first extended car warranty provider that uses a self-serve online funnel — an emerging player with significant product overlap with Olive but smaller scale.
Broad incumbents
- Allstate Dealer Services: Allstate's dealer and vehicle service contract arm is a major distribution and administrator of VSCs, with scale advantages in dealer channel relationships and brand recognition that directly compete with Olive's offering.
- Assurant: Assurant is a large publicly traded provider of vehicle service contracts and extended warranties through dealer, lender, and direct channels — a broad incumbent that competes in the same product category at much greater scale and is also a potential administrator/partner like QBE.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Olive social profiles
Digital presenceOlive compliance and trust
Trust signalCompliance2 records
Olive financial estimates
Financial estimateRevenue estimate
Valuation estimate
Olive leadership team
Management profileNumber of profiles
Olive funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Olive 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 Olive
What does Olive do?
Olive sells vehicle repair plans (extended car warranty alternatives) directly to individual vehicle owners through a 100% online platform. The company offers three plan types with fixed monthly rates, no waiting period, and coverage for parts and labor on mechanical breakdowns for vehicles from brand-new to 10 years old, up to 185,000 total miles across 50 U.S. states and Canada. Olive operates as a broker/marketer while third-party administrators (QBE Administration Services and QBE Insurance Corporation) handle contract issuance and claims administration.
Is Olive a public or private company?
Olive is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Olive founded?
Olive was founded in 2020. It employs 101 to 250 people.
Where is Olive based?
Olive is headquartered in Chicago, United States, in the North America region.
How does Olive make money?
Two revenue lines are on record. Vehicle Repair Plan Subscriptions are the primary driver. The others are brokerage Intermediary Revenue.
Who are Olive's main competitors?
Direct peers on record are American Auto Shield, CarShield, CARCHEX, Endurance Warranty, Warranty Wise, Easycare (Easycare Warranty) and Protect My Car. Toco Warranty is listed as an emerging player. Broad incumbents are Allstate Dealer Services and Assurant.
Does Olive have an API?
No public API is recorded for Olive.
What industry is Olive in?
Olive's product category is Extended Vehicle Warranty / Vehicle Service Contracts. Its primary akta.pro industry code is FSAJALAB, Auto Ancillary Warranties (Tire & Wheel, Paintless Dent, Key/Remote, Windshield).