Wasson Insurance Agency

What Wasson Insurance Agency does

Wasson Insurance Agency is a family-owned independent insurance brokerage headquartered at 2440 Commercial Blvd, State College, Pennsylvania, with a secondary office in Tyrone, PA. Founded in 1928 and led since 2010 by David B. Wasson, Sr. (CIC), the firm operates as a one-stop insurance intermediary representing multiple carriers including Travelers, Progressive, Penn National Insurance, Zurich, Safeco, and Hagerty. The agency serves both personal and commercial customers in central Pennsylvania, with eight licensed agents carrying 110+ years of combined experience and credentials such as CIC and CPIA.

The agency's product portfolio spans personal lines (homeowners, auto, renters, farmowners, condo, boats/RVs, antique autos, motorcycles, special events, life, long-term care, disability, flood, umbrella) and commercial lines (BOP, general liability, commercial property, workers comp, surety bonds, professional liability/E&O), including specialty commercial niches such as municipalities, churches, restaurants, automotive service shops, and water utilities. Distribution is conducted through two physical offices plus phone, email, and a basic website contact form, with no proprietary technology platform, no digital quoting system, and no AI/automation in evidence. Community engagement through MVEDP, CBICC, IIA, Boy Scouts, SCLF, SC Elks, 4th Fest, and Mt. Nittany Health functions as brand reinforcement in the local market.

The business model is commission-based revenue earned from carriers on placed policies, with pricing determined per-quote by carrier underwriting rather than via disclosed tiers. The agency is restricted to Pennsylvania for Property and Casualty placements (with a Life Insurance exception), and the book is structurally long-tailed across individuals, families, and small-to-medium businesses. There is no parent company, no external investment, and no disclosed revenue, funding, M&A, or technology development activity, consistent with a steady-state local brokerage rather than a growth-stage enterprise.

Name

Wasson Insurance Agency

Legal name

Wasson Insurance Agency, Inc.

Website

https://wassonins.com

Company type

Private

Founded year

1928

Operating status

Operating

Headcount range

1–10 employees

Short description

Wasson Insurance Agency is a family-owned, independent insurance brokerage in State College, PA, founded in 1928, representing multiple carriers to provide personal and commercial insurance to individuals, families, and small businesses across central Pennsylvania.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Professional Liability (Errors & Omissions) (FSAJADAB)

akta.pro secondary industries

Nonprofit / Social Services BOP (FSAJAFAM), Traditional Long-Term Care (LTC) Insurance (FSAIAJAA), Key Person Disability Insurance (FSAIAIAK)

Keywords

• Independent insurance agency
• Personal lines insurance
• Commercial lines insurance
• Multi-carrier brokerage
• Property and casualty coverage

Headquarters

HQ city

State College

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Commission Revenue: As an independent insurance agency, Wasson Insurance earns revenue through commissions paid by insurance carriers for policies placed. They offer multiple quotes from multiple carriers, matching customers with appropriate coverage based on their needs and budget.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Wasson Insurance Agency is an independent insurance brokerage that places personal and commercial insurance policies with multiple carriers on behalf of clients. It offers quoting, policy servicing, and claims support across personal lines (home, auto, life, flood, specialty vehicles) and commercial lines (BOP, general liability, workers comp, property, bonds, professional liability), serving central Pennsylvania individuals, families, and small-to-medium businesses.

Product overview

Wasson Insurance Agency is an independent insurance agency offering a comprehensive portfolio of insurance products across personal lines and commercial lines. The agency operates as a one-stop shop combining multiple carrier quotes to find the best fit for each customer. Personal Lines include Homeowners, Auto, Renters, Farmowners, Condo, Boats/RV's, Antique Autos, Motorcycles, Special Events, Life Insurance, Long Term Care, Disability, and Flood Insurance. Commercial Lines encompass Business Owners Policy (BOP), General Liability, Property, Workers Comp, Bonds, and Professional Liability (E&O) for various business types including Townships and Boroughs, Churches, Restaurants, Garage and Body Shops, Barber and Beauty Salons, and Water Companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance Home insurance coverage protecting homeowners against property damage, liability, and loss of personal belongings; designed for individual homeowners and families in Pennsylvania.
• Auto Insurance Vehicle insurance for personal automobiles including liability, collision, and comprehensive protection; serves individual drivers and households.
• Renters Insurance Coverage for personal belongings and liability protection for individuals renting apartments or homes.
• Farmowners Insurance Specialized coverage combining property and liability protection for farm owners and agricultural operations.
• Condo Insurance Insurance coverage tailored for condominium owners protecting their unit and personal property.
• Boats and Recreational Vehicles Insurance Specialized coverage for boats, recreational vehicles, and related watercraft.
• Antique Autos Insurance Specialized coverage for classic and antique vehicle collections with agreed value protection.
• Motorcycles Insurance Coverage for motorcycle riders including liability and physical damage protection.
• Special Events Insurance Short-term coverage for personal events such as weddings, parties, or gatherings.
• Life Insurance and Long Term Care Term and permanent life insurance products along with long-term care coverage options.
• Disability Insurance Income protection coverage for individuals unable to work due to illness or injury.
• Flood Insurance Coverage for property damage caused by flooding, including NFIP policies.
• Umbrella Insurance Extra liability coverage layer providing protection beyond the limits of auto, homeowners, or boat policies.
• Business Owners Policy (BOP) Combined commercial property and liability coverage designed for small to medium businesses.
• General Liability Insurance Coverage protecting businesses against third-party claims for bodily injury, property damage, and advertising injury.
• Commercial Property Insurance Coverage for commercial buildings, equipment, and business assets against physical loss or damage.
• Workers Comp Insurance Coverage required by law protecting employees against work-related injuries and illnesses.
• Bonds Surety bonds including contract, commercial, and court bonds for various business needs.
• Professional Liability (E&O) Insurance Errors and omissions coverage protecting professionals against claims of negligence or inadequate work.
• Crop Insurance Crop insurance placements handled by agent Melissa Wasson for agricultural producers.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core, major, specialty and minor.

• Penn National InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Wasson Insurance Agency, providing personal and commercial insurance products through the independent agency channel.
• Travelers InsurancecoreChannel Partner/ Reseller/ DistributorMajor insurance carrier represented by Wasson Insurance Agency for property and casualty coverage.
• Progressive Insurance CompanycoreChannel Partner/ Reseller/ DistributorNational insurance carrier represented for auto and other personal lines coverage.
• Zurich Insurance CompanymajorChannel Partner/ Reseller/ DistributorGlobal insurance carrier providing commercial and specialty coverage options through the agency.
• Safeco InsurancemajorChannel Partner/ Reseller/ DistributorPersonal lines insurance carrier represented for auto, home, and umbrella coverage.
• Hagerty InsurancespecialtyChannel Partner/ Reseller/ DistributorSpecialty insurance carrier for classic/antique automobiles represented by the agency.
• MVEDP (Mountaintop Regional Economic Development Partnership)minorOthersCommunity organization member and supporter, demonstrating local economic development involvement.
• CBICC (Centre County Chamber of Business & Industry)minorOthersLocal chamber of commerce membership providing business networking and community connections.
• IIA (Independent Insurance Agents)minorOthersIndustry association membership supporting independent insurance agents.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Brown & Brown: Brown & Brown is a large national insurance brokerage distributing commercial and personal lines through independent agents and direct offices. It is comparable to Wasson in business model (multi-carrier brokerage/agency) but operates at much greater scale and geographic breadth.
• GEICO: GEICO is a major direct-to-consumer auto and home insurer that bypasses independent agents entirely. It is a direct substitute for Wasson's personal auto and homeowners offerings and represents the primary disintermediation threat to traditional independent agency economics.
• Erie Insurance Group: Erie Insurance is a Pennsylvania-headquartered P&C insurer with a strong independent agent distribution model in the Mid-Atlantic. Like Wasson, it relies on multi-line personal and commercial policies sold through local independent agents in PA, but at vastly greater scale and with carrier-owned economics.
• Allstate: Allstate distributes personal and small commercial insurance through exclusive Allstate agents in PA and nationwide. It competes head-to-head with Wasson for the same State College homeowners and auto customers but operates under a captive carrier model.
• State Farm: State Farm operates a captive/exclusive agent distribution model offering personal lines (auto, home, life) that directly competes with Wasson's personal lines book. Both rely on local agent relationships in PA, but State Farm uses an exclusive (single-carrier) model versus Wasson's independent multi-carrier approach.
• Acrisure: Acrisure is a large, rapidly consolidating insurance brokerage that acquires independent agencies and rolls them into a national platform. It represents the most likely aggregator buyer profile for Wasson, offering an exit path while accelerating competitive pressure on remaining small independents.
• Donegal Group: Donegal is a Pennsylvania-based regional insurance holding company distributing P&C products primarily through independent agents in the Mid-Atlantic, including PA. It competes for the same local independent agency channel and overlapping small commercial and personal lines customers as Wasson.
• Nationwide: Nationwide writes personal and commercial lines through a mix of exclusive and independent channels in PA, overlapping with Wasson's product mix (auto, home, small commercial). It is comparable in product breadth but vastly larger in scale and capital base.

Direct peers

• Travelers: Travelers is one of Wasson's core carrier appointments for P&C coverage, and as a national P&C carrier it sets commission terms and product appetites that directly determine Wasson's commercial and personal lines economics. Comparable in channel dependency.
• Progressive: Progressive is both a key carrier partner represented by Wasson and a direct competitor via Progressive.com. It is directly comparable as it competes for the same PA personal auto customers through both the independent agency channel (via Wasson) and direct digital channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/wassoninsuranceagencyinc
• LinkedInlinkedin.com/company/wasson-insurance-agency

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 Wasson Insurance Agency