Best Insurance Franchises in 2024
Explore the top 5 insurance franchises that promise impressive growth and support for new franchisees. From auto to life insurance, discover the opportunities awaiting you in this thriving industry! Click to read more.
Table of Contents:
Introduction
Getting into the franchising world could be a challenging adventure as there are multiple industries to enter. In this article, we’re going to give you a better overview of the insurance industry as we discuss the 5 best insurance franchises based on net unit growth. Those insurance franchises vary as they offer different kinds of insurance including auto insurance, home insurance, life insurance, and more.
5 Best Insurance Franchises
Goosehead Insurance
- Total U.S. Locations: 1,238
- Net Unit Growth (3 years): 335
- Initial Investment: $40K-$119K
- Royalty Fees: To learn more check FDD
Goosehead Insurance is the leading of the leading and best insurance franchises to own. They offer auto insurance as they operate across many states in the United States such as Texas, California, Florida, Virginia, Illinois, Pennsylvania, and North Carolina. In addition, they offer their franchisees several services to ensure their success such as training, ongoing support, etc.
Brightway Insurance
- Total U.S. Locations: 335
- Net Unit Growth (3 years): 94
- Initial Investment: $27K-$160K
- Royalty Fees: To learn more check FDD
Brightway Insurance is one of the best insurance franchises to own as they offer their customers and franchisees several excellent services. Additionally, they offer their customers auto insurance, home insurance, life insurance, health insurance, and more. Also, they offer their franchisees training programs, ongoing support, and marketing support.
Fiesta Insurance
- Total U.S. Locations: 219
- Net Unit Growth (3 years): 3
- Initial Investment: $88K-$172K
- Royalty Fees: 25%
Fiesta Insurance is one of the best insurance agencies to own as it offers a wide range of services to its franchisees such as ongoing training, and in-store sales training. Also, they offer their customers good deals that can be customized to one’s needs or close enough to what they might want.
Estrella Insurance
- Total U.S. Locations: 201
- Net Unit Growth (3 years): 41
- Initial Investment: $12K-$84K
- Royalty Fees: 10% to 14% of net commissions
Estrella Insurance is one of the best insurance franchises to own that offers auto car insurance. Estrella offers you, the franchisee, the right to operate insurance services under the brand name “Estrella”. As a franchisee, you will also be provided with support from the company such as site selection, preopening training, and a business model. Estrella Insurance is currently located in Florida, Arizona, California, Texas, Nevada, and Colorado. The company’s growth is estimated to expand across the US exponentially between 2020 and 2025.
All Nevada Insurance
- Total U.S. Locations: 13
- Net Unit Growth (3 years): 4
- Initial Investment: $59K-$145K
- Royalty Fees: 15%
All Nevada Insurance is an insurance franchise that offers all kinds of insurance including automobile insurance, financial insurance, and more. They offer their franchisee ongoing training, marketing support, and additional support that might be needed. In addition, you will own a well-known and recognized name among insurance franchises.
Conclusion
In conclusion, there are many great insurance franchises that you should consider as you start your entrepreneurial career by owning an insurance franchise. It’s important to take the different aspects of each insurance into consideration depending on your priorities. Also, to better know the insurance franchise you’re going to invest in it’s suggested to talk to other franchisees that already own an insurance franchise.
