Stewart & Associates Insurance

What Stewart & Associates Insurance does

Stewart & Associates Insurance is a family-owned independent insurance agency headquartered at 819 Harper Avenue in Lenoir, North Carolina, serving individuals, families, vehicle owners, and small to medium businesses across North Carolina and South Carolina. Founded in 2018 by Steven Stewart, the agency operates as an independent broker that compares coverage and pricing across a network of more than 25 insurance carriers, including Aetna, Cigna, Nationwide, Progressive, Travelers, Humana, Mutual of Omaha, MetLife, Blue Cross Blue Shield, United Healthcare, and several regional mutuals and specialty carriers. The agency distributes five core product lines: Vehicle Insurance (auto, motorcycle, boat, ATV, RV), Property Insurance (home, renters, landlord, flood), Medicare Insurance (Advantage, Supplement, Part D), Business Insurance (BOP, workers comp, commercial property, general liability, bonds), and Life & Financial Insurance (whole and term life, fixed and variable annuities, final expense, umbrella, financial planning).

The agency's operating stack is conventional rather than proprietary: there is no public API, SDK, or proprietary technology system, and core workflows rely on standard industry practices for quote generation, policy management, and carrier comparison through a website-based quote hub (stewartassociatesins.com) combined with direct agent interactions by phone, email, and in-office consultation. The team includes Agency Owner Steven Stewart, licensed Agent Andrew Meadlock (voted Best Insurance Agent in Caldwell County in 2021), and Customer Service representative Jamie Stewart, supported by an overall headcount in the 11–50 firmographics range.

The business model is sales-led and commission-based. Revenue is generated from carrier commissions, typically a percentage of premium, on policies sold and renewed across the carrier network; pricing is individualized based on risk assessment factors rather than published tiers, quotes are free with no obligation, and there are no membership fees. Marketing and distribution rely on local search-engine optimization, community involvement through the Rotary Club, Chamber of Commerce, Downtown Development Alliance, and ABC Board, plus referrals, with office hours limited to Monday through Friday 9:00 AM to 5:00 PM. The agency is privately held by the Stewart family, with no disclosed institutional investors, parent company, funding rounds, mergers, acquisitions, or regulatory actions.

Name

Stewart & Associates Insurance

Legal name

Stewart & Associates Insurance

Website

https://stewartassociatesins.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Stewart & Associates Insurance is a family-owned independent insurance agency founded in 2018 in Lenoir, North Carolina, offering auto, home, Medicare, business, and life coverage across 25+ carriers to individuals, families, and SMBs in North and South Carolina.

Ownership category

akta.pro rank

Product category

Independent Insurance Agency

NAICS

Insurance Agencies and Brokerages (524210), 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 industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Independent insurance agency
• Personal lines insurance
• Commercial insurance brokerage
• Medicare insurance services
• Life and financial insurance

Headquarters

HQ city

Lenoir

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, Infrastructure

Revenue model

1. Insurance Commissions: As an independent insurance agency, Stewart & Associates earns commissions from insurance carriers for policies sold and maintained. Commissions are typically a percentage of the premium paid by customers. The agency represents multiple carriers, allowing them to earn commissions across different insurance products (auto, home, life, Medicare, business).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Stewart & Associates Insurance is an independent insurance agency that shops multiple insurance carriers on behalf of customers to offer personalized coverage across five core product lines: Vehicle Insurance (auto, motorcycle, boat, ATV, RV), Property Insurance (home, renters, landlord, flood), Medicare Insurance (Advantage, Supplement, Part D), Business Insurance (Business Owners Package, Workers Compensation, Commercial Property, General Liability, Bonds), and Life & Financial Insurance (whole/term life, annuities, final expense, umbrella). The agency compares coverage and pricing across a network of 25+ insurance carriers to match coverage to customer needs, budget, and goals for individuals, families, and businesses in North and South Carolina.

Product overview

Stewart & Associates Insurance is an independent insurance agency offering a portfolio of five core insurance product lines: Vehicle Insurance (auto, motorcycle, boat, ATV, RV), Property Insurance (home, renters, landlord, flood), Medicare Insurance (Advantage, Supplement, Part D), Business Insurance (BOP, workers comp, commercial property, liability, bonds), and Life & Financial Insurance (life, annuities, final expense, umbrella). As an independent agency, they compare options across multiple carrier partners to help clients find appropriate coverage. The company operates through a website-based quote and claims platform with agent-assisted service.

Differentiator

Problem solved

Functional benefit

Products and services

• Vehicle Insurance

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

25 partnerships are on record, tiered core and minor.

• AetnacoreChannel Partner/ Reseller/ DistributorInsurance carrier partner enabling Stewart & Associates to offer Medicare Advantage and health insurance products to customers. Customers can file claims directly with Aetna through the agency website.
• CignacoreChannel Partner/ Reseller/ DistributorHealth and insurance carrier partner providing Medicare and health coverage options. Listed on claims page for direct claim filing.
• NationwidecoreChannel Partner/ Reseller/ DistributorMajor insurance carrier partner offering auto, home, and business coverage through the independent agency.
• ProgressivecoreChannel Partner/ Reseller/ DistributorInsurance carrier partner, primarily for auto insurance, available through the agency's carrier comparison service.
• TravelerscoreChannel Partner/ Reseller/ DistributorCommercial and personal lines insurance carrier partner offering property, auto, and business coverage.
• HumanacoreChannel Partner/ Reseller/ DistributorMedicare Advantage and health insurance carrier partner enabling the agency to serve senior customers with healthcare coverage needs.
• Mutual of OmahacoreChannel Partner/ Reseller/ DistributorInsurance carrier partner offering life insurance, Medicare supplements, and other coverage products.
• ForemostminorChannel Partner/ Reseller/ DistributorSpecialty insurance carrier partner, particularly for mobile home and specialty vehicle coverage.
• HagertyminorChannel Partner/ Reseller/ DistributorClassic car and collector vehicle insurance specialist partner available through the agency for specialty coverage needs.
• Blue Cross Blue Shield (BCBS)coreChannel Partner/ Reseller/ DistributorMajor health insurance carrier partner offering Medicare and health coverage options to customers.
• United Healthcare (UHC)coreChannel Partner/ Reseller/ DistributorMedicare and health insurance carrier partner for Medicare Advantage plans and related coverage.
• Alamance Farmers MutualminorChannel Partner/ Reseller/ DistributorRegional farm mutual insurance carrier partner serving rural and agricultural customers in North Carolina.
• FMI (North Carolina Farm Mutual)minorChannel Partner/ Reseller/ DistributorNorth Carolina-focused farm mutual insurance carrier for rural and agricultural coverage needs.
• KemperminorChannel Partner/ Reseller/ DistributorSpecialty insurance carrier partner offering auto and property coverage for non-standard risks.
• SafecominorChannel Partner/ Reseller/ DistributorPersonal lines insurance carrier partner (part of Liberty Mutual) offering auto and home coverage.
• National GeneralminorChannel Partner/ Reseller/ DistributorInsurance carrier partner offering auto, home, and specialty coverage products.
• US AssureminorChannel Partner/ Reseller/ DistributorInsurance intermediary partner providing access to various commercial and personal lines coverage.
• NCJUA (North Carolina Joint Underwriting Association)minorChannel Partner/ Reseller/ DistributorState-sponsored insurance pool providing coverage for high-risk properties in North Carolina.
• MetLifecoreChannel Partner/ Reseller/ DistributorMajor insurance carrier partner offering auto, home, and life insurance products.
• Dairyland InsuranceminorChannel Partner/ Reseller/ DistributorSpecialty insurance carrier partner, particularly for motorcycle and non-standard auto coverage.
• Miller's Mutual GroupminorChannel Partner/ Reseller/ DistributorRegional mutual insurance carrier partner serving North Carolina policyholders.
• Piedmont Mutual InsuranceminorChannel Partner/ Reseller/ DistributorNorth Carolina-based regional mutual insurance carrier partner.
• Heritage Property & Casualty InsuranceminorChannel Partner/ Reseller/ DistributorProperty insurance carrier partner offering homeowners and related coverage products.
• Utica National Insurance GroupminorChannel Partner/ Reseller/ DistributorNational insurance group carrier partner offering commercial and personal lines coverage.
• Guard Insurance (Armed Forces)minorChannel Partner/ Reseller/ DistributorInsurance carrier partner, specializing in coverage for military and related customer segments.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Emerging players

• Policygenius: Digital insurance marketplace aggregating life, home, auto, and disability quotes; competes for the same comparison-shopping customer Stewart & Associates targets but with a digital-first experience.
• Lemonade: Direct-to-consumer insurance carrier with an AI-native platform that bypasses agents; represents the structural competitive threat to traditional independent agencies like Stewart & Associates in personal lines.

Broad incumbents

• Erie Insurance: Regional property and casualty insurer with a captive-style independent agency force; competes in the same Mid-Atlantic/Southeast geography as Stewart & Associates and uses similar agent-led distribution.
• State Farm: Largest US personal lines insurer with a captive agent model; the primary 'one-company' alternative Stewart & Associates positions against in the Lenoir and broader Carolinas market.
• Acrisure: Large independent insurance brokerage built through roll-ups of regional agencies; shares the multi-carrier brokerage business model but operates at vastly greater scale and capital backing.
• Frankenmuth Insurance: Regional mutual insurance carrier with strong independent agency distribution; comparable in its reliance on independent agents in regional markets but operates as a carrier, not a brokerage.

Direct peers

• Goosehead Insurance: Independent agency franchise offering comparison-shopping across dozens of carriers for auto, home, life, and other personal lines; same multi-carrier distribution model as Stewart & Associates, scaled nationally.
• Burns & Wilcox: Specialty insurance brokerage placing excess/surplus and niche lines through independent agents; comparable as a multi-carrier brokerage focused on specialty and non-standard risks similar to Stewart's Hagerty, Foremost, and Dairyland appointments.
• Brightway Insurance: Franchise model independent insurance agency comparing multiple carriers across personal and commercial lines, directly comparable to Stewart & Associates' independent brokerage motion at a national franchise scale.
• Insurance Office of America: Large independent insurance agency offering personal, commercial, and life products across multiple carriers; comparable independent brokerage model with significantly broader scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/StewartAssociatesInsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Stewart & Associates Insurance