Nemec & Nemec Insurance Agency

What Nemec & Nemec Insurance Agency does

Nemec & Nemec Insurance Agency, LLC is a privately held, independently owned insurance agency founded in 2004 and headquartered at 920 Providence Rd., Ste. 305 in Towson, Maryland. The agency is co-led by partners Michael Nemec and Mark Nemec, both serving as Partner/Producer, operating as a small family-owned business in the personal insurance market. It is an independent agency representing multiple carriers rather than a captive agent of any single insurer.

The agency's core offering is a full suite of personal insurance products distributed through a sales-led, relationship-driven model: Auto, Homeowners, Life, Flood, Motorcycle, Recreational Vehicle, Renters, Personal Umbrella, Off-Road Vehicle, and Watercraft & Boat insurance. It represents a broad panel of carriers including Progressive, MetLife, Travelers, Prudential, Lincoln Financial, Kemper, National General, Foremost, Encompass, American General Life, Banners, and FEMA's National Flood Insurance Program. Customer acquisition runs through a Zywave-built website with online quote request forms, inbound phone and email inquiries, in-person consultations at the Towson office, and a formal Refer A Friend referral program. The agency has also added a Financial Services line targeting small-commercial buyers with workers' compensation, commercial property, liability, E&O, D&O, EPL, crime, cyber, umbrella, and fiduciary coverage.

Revenue is generated exclusively through insurance carrier commissions as a percentage of policy premiums placed, with pricing handled on an individualized quote basis. The underlying technology is a standard Zywave Websites insurance website builder with no proprietary systems, and no AI/ML capabilities are evidenced. The firm operates solely within the Towson, Maryland market with no disclosed revenue, no external funding, no parent company, and no M&A activity on record.

Name

Nemec & Nemec Insurance Agency

Legal name

Nemec & Nemec Insurance Agency, LLC

Website

https://nemecinsurance.net

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Nemec & Nemec Insurance Agency is a Towson, Maryland-based independent insurance agency founded in 2004 that sells auto, home, life, flood, and specialty personal insurance through a multi-carrier panel to individuals and families in the local market.

Ownership category

akta.pro rank

Product category

Personal Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

akta.pro secondary industry

Personal Auto Insurance (FSAJAMAA)

Keywords

• Personal insurance agency
• Auto insurance
• Homeowners insurance
• Life insurance
• Independent insurance brokerage

Headquarters

HQ city

Towson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Insurance Commission Revenue: As an independent insurance agency representing multiple carriers, Nemec & Nemec earns commission income from the insurance companies whose policies they sell and service. Commission is typically a percentage of the policy premium.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Nemec & Nemec Insurance Agency is an independently owned insurance brokerage that sells personal lines of insurance (auto, homeowners, life, flood, motorcycle, recreational vehicle, renters, boat/watercraft, off-road vehicle, and personal umbrella) by shopping multiple carrier partners on the customer's behalf. The agency also offers a Financial Services commercial insurance line for businesses. Revenue is generated through carrier commissions on policies placed.

Product overview

Nemec & Nemec Insurance Agency offers a portfolio of personal insurance products through an independently owned agency model, working with multiple carrier partners to provide customized coverage options. The core product portfolio includes Auto Insurance, Homeowners Insurance, Life Insurance, Flood Insurance, Motorcycle Insurance, Recreational Vehicle Insurance, Renters Insurance, and Watercraft & Boat Insurance. Add-on and specialized products include Personal Umbrella Insurance (excess liability) and Off-Road Vehicle Insurance. The agency also provides Financial Services insurance solutions for businesses. The products work together as a comprehensive insurance offering where the agency shops multiple carriers to find the right policy for each client's specific needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance Auto insurance policy providing protection against property damage, liability, and medical costs following accidents, including collision, liability, medical payments (MedPay), uninsured/underinsured motorist, and comprehensive coverage. Targeted at individual drivers and families.
• Homeowners Insurance Package policy insuring the home and personal belongings, covering damage to property after covered losses and providing liability protection for injuries and property damage caused to others. Targeted at homeowners.
• Life Insurance Contractual agreement providing a lump-sum death benefit to beneficiaries upon the policyholder's death or after a specified term, available as term life or whole life policies. Targeted at individuals and families.
• Financial Services Insurance

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core.

• American General LifecoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Nemec & Nemec Agency. American General Life provides life insurance products sold through the agency.
• BannerscoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Nemec & Nemec Agency, specializing in life insurance products.
• EncompasscoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Nemec & Nemec Agency for various personal insurance lines.
• FEMA / National Flood Insurance ProgramcoreChannel Partner/ Reseller/ DistributorFederal flood insurance program underwritten through the agency. FEMA NFIP plans provide structure and contents coverage for flood-prone areas.
• ForemostcoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Nemec & Nemec Agency, specializing in specialty insurance products.
• KempercoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Nemec & Nemec Agency for personal insurance coverage.
• Lincoln FinancialcoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Nemec & Nemec Agency, providing life insurance and financial services products.
• MetLifecoreChannel Partner/ Reseller/ DistributorMajor insurance carrier represented by Nemec & Nemec Agency for auto, home, and life insurance products.
• National GeneralcoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Nemec & Nemec Agency for auto and specialty insurance lines.
• ProgressivecoreChannel Partner/ Reseller/ DistributorMajor insurance carrier represented by Nemec & Nemec Agency, known for auto insurance.
• PrudentialcoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Nemec & Nemec Agency, providing life insurance and financial products.
• TravelerscoreChannel Partner/ Reseller/ DistributorMajor insurance carrier represented by Nemec & Nemec Agency for personal insurance coverage including auto and home.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• State Farm: Largest U.S. personal-lines insurer with a captive State Farm agent distribution model. Competes head-to-head with Nemec & Nemec in Towson for auto, home, and life customers, but only offers State Farm products, whereas Nemec offers multi-carrier comparison.
• Allstate: National personal-lines insurer with a captive agent network. A direct substitute for consumers who might otherwise use an independent agency like Nemec & Nemec to comparison-shop auto and home policies.
• Brown & Brown: Large national insurance brokerage that consolidates independent agencies. Comparable as a peer operating in the insurance intermediary space, and also a plausible aggregator/buyer for sub-scale independents like Nemec & Nemec over time.

Regional players

• Erie Insurance: Regional property & casualty insurance carrier with strong Mid-Atlantic and Pennsylvania/Maryland agent footprint. Competes for the same Towson-area personal-lines customer through its own captive/exclusive agent network, and could pull appointments or agents away from independent agencies.
• Donegal Group: Regional property & casualty insurer with a Mid-Atlantic agent footprint serving personal and commercial lines. Comparable because it competes for the same local personal-lines customer and works through independent agents, making it both a potential carrier partner and a competitive threat.

Emerging players

• Lemonade: Digital-native insurtech using AI-driven underwriting and a mobile-first experience to sell renters, homeowners, and pet insurance directly. Represents the technology-enabled D2C competitive frontier that traditional local agencies like Nemec & Nemec must defend against.
• GEICO: Direct-to-consumer personal-lines carrier that competes heavily on price and self-service quoting. A structural competitive threat to any small local independent agency competing for auto and home customers on convenience and price.
• Progressive (Direct): Direct-to-consumer arm of Progressive, one of Nemec's represented carriers. Represents the disintermediation risk: customers can buy directly from the same carrier that Nemec shops on their behalf, eroding the value of the independent-agency intermediation step.

Direct peers

• Brightway Insurance: Franchise-model independent insurance agency representing multiple carriers across personal lines. Brightway is a direct operating-model peer, showing both the scale potential and the franchise route available to small multi-carrier agencies like Nemec & Nemec.
• Goosehead Insurance: Independent personal-lines insurance agency franchise that represents multiple carriers and earns commission income — the same core business model as Nemec & Nemec, but at national scale. Goosehead demonstrates how the independent multi-carrier agency model can be scaled across producers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Nemec & Nemec Insurance Agency