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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series E
Total Funding
$498.5M
Headquarters
Chicago, Illinois
Founded
2016
Clearcover provides digital car insurance solutions designed to be affordable and efficient for modern drivers. The company uses technology to offer lower premiums and better coverage than traditional insurance providers, specifically targeting tech-savvy individuals such as millennials and rideshare drivers who prefer managing their insurance online. Clearcover's approach focuses on reducing operational costs through automation and digital platforms, which allows them to pass savings onto customers. They generate revenue from insurance premiums paid by policyholders and enhance customer experience with a user-friendly mobile app for policy management, claims processing, and customer support.
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Total Funding
$498.5M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Medical, dental, & vision
Pre-tax benefits, disability, & life insurance
401k with 3% match
Generous vacation
Parental leave
Equity
Employee resource groups
Top-of-the-line hardware
Car insurance startup. Clearcover <i class="fa fa-info-circle company-popover" data-content="h3Clearcover/h3. div
Clearcover <i class="fa fa-info-circle company-popover" data-content="h3Clearcover/h3. div. table
The collaboration aims to provide a hassle-free repair experience for customersCHICAGO, Aug. 21, 2024 /PRNewswire/ -- Clearcover , a next-generation insurance company, announces a strategic partnership with ServiceUp , a leading technology company streamlining automotive repairs. The collaboration aims to redefine the car repair experience by combining Clearcover's seamless claims process with ServiceUp's exceptional "white glove" service and delivery.Through its mobile platform, Clearcover policyholders can now schedule and receive repairs and maintenance services without ever leaving their homes via ServiceUp's comprehensive vehicle repair solution, which provides pick up and delivery at the policyholder's location."We are thrilled to join forces with ServiceUp to bring an unmatched level of convenience and quality service to our customers," said Clearcover Chief of Claims and Customer Service Aaron Wheaton. "This tech-forward approach aligns with our commitment to innovation and customer satisfaction. We are already seeing improvements in efficiency."The benefits of the Clearcover partnership were recently highlighted in a Case Study published by ServiceUp. Results have shown repair process improvements for Clearcover, yielding impressive results, including reducing cycle times more than 30% and saving 20+ hours weekly per adjuster.ServiceUp CEO Brett Carlson said, "We're thrilled to partner with Clearcover to bring the power of ServiceUp's repair platform to its customers
Clearcover Insurance Company, the carrier subsidiary of car insurance startup. Clearcover, <i class="fa fa-info-circle company-popover" data-content="h3Clearcover/h3. div
Clearcover Insurance Company, the carrier subsidiary of car insurance startup. Clearcover, <i class="fa fa-info-circle company-popover" data-content="h3Clearcover/h3. div
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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series E
Total Funding
$498.5M
Headquarters
Chicago, Illinois
Founded
2016
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