IQ Insurance

Name

IQ Insurance

Legal name

iQ Insurance

Website

https://goiqinsurance.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Insurance agency services
• Auto insurance coverage
• Commercial insurance brokerage
• Home insurance policies
• Life health insurance

Headquarters

HQ city

Sharpsburg

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums (Agency/Broker Model): IQ Insurance operates as a full-service insurance agency/broker, earning commissions from insurance carriers for policies placed. Revenue is generated through insurance premium payments from customers across multiple insurance lines including auto, home, commercial, life & health, business, and recreation coverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

IQ Insurance is a full-service insurance agency/broker that sells and arranges personal and commercial insurance coverage through a network of franchisees and direct sales channels. The company places policies across six core product lines—auto, home & flood, commercial, life & health, business, and recreation—by acting as an intermediary between customers and a panel of insurance carriers. It also licenses its operating model through a franchise program, enabling entrepreneurs to operate IQ Insurance-branded agencies.

Product overview

IQ Insurance is a full-service insurance company offering a unified platform of insurance products. The company provides six core insurance products under one roof: Auto Insurance, Home & Flood Insurance, Commercial Insurance, Life & Health Insurance, Business Insurance, and Recreation Insurance. These products are designed to cover all important areas of customers' lives—from vehicle and home protection to long-term financial security and business coverage. The company also operates an IQ Insurance Franchise program, which allows entrepreneurs to start their own insurance business using the company's operational model and brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance Comprehensive auto insurance coverage that protects personal and commercial vehicles, providing peace of mind for drivers and covering accidents and roadside assistance.
• Home & Flood Insurance Homeowners insurance with added flood coverage to protect homeowners against property damage, contents loss, liability, and flood risks, safeguarding both the structure and the memories within.
• Commercial Insurance Customized commercial coverage designed to meet unique business needs, fostering resilience and protecting enterprises against various operational and liability risks while enabling growth.
• Life & Health Insurance Life and health coverage providing a safety net for individuals and families, offering protection for health milestones and financial security across life stages.
• Business Insurance Tailored insurance solutions for small businesses and established entities, offering property protection, liability coverage, and customized plans to enable business success.
• Recreation Insurance Insurance coverage for recreational activities and leisure pursuits, protecting against risks during weekend getaways, adventure trips, and other recreational events.
• IQ Insurance Franchise Franchise opportunity enabling entrepreneurs to start an insurance business from a home office using IQ Insurance's straightforward operating concept, brand, carrier access, and supportive network.

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Insurance Carrier Partners (13 Unnamed Carriers)coreOthersIQ Insurance displays logos of 13 insurance carrier partners (numbered 1-13 in their 'Our Partners' section), representing strategic alliances with key insurance vendors. These partnerships enable the company to offer diverse insurance products across auto, home, commercial, life & health, business, and recreation lines. The carrier partnerships are fundamental to the company's one-stop insurance solution positioning.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• CoverWallet: Digital commercial insurance agency that helps SMBs compare and buy business coverage across multiple carriers. Directly comparable to IQ Insurance's commercial and business insurance offering via a tech-led distribution model.
• Policygenius: Digital insurance marketplace/agency that aggregates multiple carriers and offers comparison across life, home, auto, and other lines. Highly comparable to IQ Insurance's multi-carrier, multi-line brokerage model, with a stronger digital UX.
• The Zebra: Insurance comparison marketplace focused primarily on auto and home, comparing rates across carriers in a single quote flow. Mirrors IQ Insurance's carrier-aggregation approach for personal lines.
• Insurify: Insurance comparison platform that lets consumers compare quotes from multiple carriers across auto, home, and life. Closely mirrors IQ Insurance's 'compare and save' acquisition proposition with a more modern, AI-driven digital experience.

Broad incumbents

• GEICO: Major direct-to-consumer auto and home insurer, with a strong digital and phone-based quote funnel. Competes with IQ Insurance for value-conscious personal lines customers through its own direct channel.
• Allstate: Large national insurance carrier with a captive agent distribution model. Competes with IQ Insurance for personal and small commercial customers, with brand and capital advantages but a less flexible multi-carrier offering.
• Lemonade: Direct-to-consumer insurtech carrier offering home, renters, auto, pet, and life insurance through a mobile-first platform. Operates in adjacent distribution territory but as a carrier rather than an agency, competing for the same multi-line household customer.
• Progressive: Major US P&C carrier known for direct and agent-channel distribution and strong comparison branding. Competes with IQ Insurance across auto and home, with significant scale and direct-to-consumer capabilities.
• State Farm: Largest US personal lines insurer with an exclusive agent (franchise-like) distribution model. Closely comparable to IQ Insurance's franchise agency structure and multi-line personal insurance product set.
• Liberty Mutual: Large national multi-line insurance carrier with personal, commercial, and specialty products, distributed through both direct and independent agent channels. Overlaps with IQ Insurance across auto, home, and commercial lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/iq-insurance

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 IQ Insurance