Clearcover Car Insurance Review Bankrate

Clearcover Car Insurance Review Bankrate

Clearcover Car Insurance Review Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.

Clearcover Review 2022

Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs. Oct 21, 2022 Bankrate logo

The Bankrate promise

At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logo

The Bankrate promise

Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logo

Editorial integrity

Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.

Key Principles

We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.

Editorial Independence

Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo

How we make money

You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Bankrate logo

Insurance Disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

At a glance

5.0 Bankrate Score Home 0.0 Auto 5.0 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Clearcover car insurance could be a good option for drivers looking for an innovative approach to policies and claims. Clearcover operates much differently than a traditional car insurance company, though, which means those looking for a more familiar agency experience might not enjoy the tech-forward process. Pros and Cons Quick Look Pros Mobile app is highly rated on the and Fast claim payments 24/7 support is available within the app Cons Not available in all states No agency locations available No online customer portal Highly functional mobile app Car Care program offers discounted maintenance costs Only available in 20 states Compare rates Answer a few questions to see personalized rates from top carriers Clearcover Insurance is an AI-powered, tech-forward company that aims to sell car insurance at affordable prices. The Chicago-based company was founded only in 2016 but has been making waves with its focus on affordability, hassle-free policy management and seamless claims processing. Clearcover currently operates in 20 states, and its policies are underwritten by Clearcover Insurance Company. In California, policies are underwritten by Response Indemnity Company of California, which is a subsidiary of the highly-rated company Fortegra. Clearcover is targeted at modern customers seeking to combine pocket-friendly rates with technological convenience. Bankrate's Clearcover Insurance review analyzes the company's unique offerings to help you decide if you should get a quote.

Clearcover car insurance 

If you're on the hunt for the and you value a technology-drive experience, Clearcover could be a good option. While the company did earn a perfect 5.0 Bankrate Score, it is worth noting that the company's official ranking in our scoring methodology is affected by limited data. Clearcover is not ranked by J.D. Power, nor are average rates available from Quadrant Information Services. However, Clearcover's high mobile app score and A+ (Superior) AM Best financial strength rating earned it a top place in our scoring model. You may want to keep in mind that Clearcover does have a with the National Association of Insurance Commissioners (NAIC), though, which could indicate low levels of customer satisfaction. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Shop rates and compare quotes

Get personalized auto insurance quotes by answering a few quick questions Quick facts on average this year by shopping for new car insurance Rates vary by state The average American pays for auto insurance Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More Clearcover is currently available in and it will soon be available in two more. The company's selling point is smarter, faster and cheaper car insurance at your fingertips, regardless of your needs. Because Clearcover depends on technology to do most of the work, it spends less on staffing, marketing and physical infrastructure, thereby being able to provide more affordable and efficient insurance. You can buy all the standard car insurance options you'd expect, and you may also have the chance to add some helpful options, like ridesharing coverage, roadside assistance and car rental coverage.

Clearcover car insurance cost

Clearcover's average rates aren't available yet from Quadrant Information Services, likely because the company is relatively new to the insurance space. However, the in the United States is $1,771 per year for full coverage. However, rates do vary based on a number of personal rating factors, so your premium may be higher or lower than the national average. National average annual full coverage premium Clean driving history $1,771 $2,138 $2,521 * $3,852 *16-year-old rates reflect the added cost to their parents' full coverage car insurance policy.

Clearcover car insurance discounts

Clearcover claims to offer the lowest prices from the start and does not provide a list of car insurance discounts to help you . The company website mentions that price cuts for vehicle safety features, paying your premium in full and having a clean driving record are already built into the policy and do not need to be added separately. The only discount specified is the one offered to military personnel. The and their children (if under the age of 25) is 25% in Louisiana and 15% in all other states.

Clearcover car services

In addition to car insurance, Clearcover offers , a program that can help save you money on maintenance costs. Car Care, which is provided by Clearcover's partner CarAdvise, could save you up to 40 percent on your auto maintenance bills. Currently, it's only available to Clearcover policyholders in Arizona, Ohio, Pennsylvania and Utah, but you can sign up for the waitlist by emailing [email protected] and they can notify you when it's available in your state.

Other Clearcover perks worth considering

Clearcover only sells car insurance, but there are a few other things about the company that stand out: Mobile app: Clearcover's mobile app is the heart of its operations. Although you can do almost everything in the app (and 24/7 service is available there), you can also chat with Clearcover or call 855-444-1875 between 8 AM and 9 PM Monday through Friday and 8 AM to 6:30 PM Saturday and Sunday. A financial blog: Clearcover has a helpful blog page on its website, which includes articles about vehicle maintenance, car insurance and overall financial health. Home insurance: Although Clearcover only sells car insurance, it partners with to offer homeowners insurance. Bear in mind that Hippo is a completely independent company, and if you purchase home insurance from this provider, all issues related to policy management, claims and customer service will be handled by Hippo, not Clearcover. At present, there is no true Clearcover home insurance.

Clearcover corporate sustainability

Clearcover acknowledges that it is a bit of an underdog in the insurance world. In fact, the company passes on its support to what it calls "," collegiate athletes whose stories are those of persistence and overcoming obstacles. The athletes are supported with a $10,000 scholarship. Additionally, Clearcover's culture is one of growth. The company lists three on its site - people, perspective and performance - and explains how it supports each. Employees always keep the customer at the forefront of projects, pushing into new and unique ways of thinking about problems.

Not sure if Clearcover is right for you Consider these alternatives

Clearcover may be a great for some drivers, but if you aren't quite sure it's right for you, here are some alternatives: : Instead of just giving you a discount for joining a , like many companies do, Root takes things to the next level and bases all of its rates on your actual driving. : Metromile is a company that rates policies based on the number of miles you drive. It could be especially appealing if you don't drive often, as that could mean lower rates. : If you're looking for an auto and with a focus on digital tools, Lemonade might be a good fit. Lemonade also offers pet, life and renters insurance, and is a Certified B-Corporation with a strong giveback program.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

Auto

$100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state's requirements. Our sample drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts. Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), single speeding ticket and single at-fault accident.

Bankrate Scores

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers and homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best car and home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for drivers and homeowners, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry, as well as 40-year-old male and female homeowners with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which drivers and homeowners may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. Compare rates and save on auto insurance today! Get quotes Close X

On This Page

Compare rates Close X
Share:
0 comments

Comments (0)

Leave a Comment

Minimum 10 characters required

* All fields are required. Comments are moderated before appearing.

No comments yet. Be the first to comment!