Insurtech's state expansion now delivers auto liability coverage in 39 states, total of 46 states across all its trucking insurance lines
NEW YORK, April 3, 2024 — Cover Whale Insurance Solutions, Inc., a leading insurtech specializing in connected insurance for commercial auto insurance, continues its expansion across the United States, announcing today the availability of its auto liability coverage for truckers and fleets in six additional states: Maine, Montana, Nebraska, North Dakota, South Dakota, and Vermont.
With this significant development, Cover Whale now offers auto liability coverage in 39 states. Accounting for its other lines of coverage, including auto physical damage, motor truck cargo, non-trucking liability, and truckers' general liability, the company's footprint extends to 46 states in all.
Approaching Nationwide Coverage
"Our top priority has always been to improve safety on America's roads for everyone while providing competitive coverage options to truck drivers and fleets across the country. Being able to write auto liability coverage in nearly 80% of the states, and other lines in more than 90% is quite the achievement for Cover Whale. And we'll be adding more." — Dan Abrahamsen, CEO, Cover Whale
This latest expansion represents significant progress toward Cover Whale's goal of nationwide availability:
- 39 states with auto liability coverage = 78% of U.S. states
- 46 states with at least one product line = 92% of U.S. states
- Rapid expansion trajectory with more states coming soon
New States Now Covered
Auto Liability (AL) Coverage Now Available In:
Maine
- Serving trucking companies throughout New England
- Expanding coverage for regional carriers and owner-operators
- Supporting local agents with fast quote-to-bind capabilities
Montana
- Covering long-haul and regional trucking operations
- Supporting the state's agricultural and logistics sectors
- Providing telematics-based pricing for rural routes
Nebraska
- Serving the Cornhusker State's transportation industry
- Supporting cross-country freight corridors
- Partnering with local agents for statewide coverage
North Dakota
- Covering energy sector transportation and general freight
- Supporting owner-operators and small fleets
- Enabling fast binding for time-sensitive coverage needs
South Dakota
- Serving regional and long-haul trucking operations
- Supporting agriculture and manufacturing logistics
- Providing competitive pricing through data-driven underwriting
Vermont
- Expanding New England coverage footprint
- Serving local and regional carriers
- Supporting agents with modern quoting technology
Comprehensive Product Portfolio Across 46 States
Cover Whale's full product suite is now available in 46 states:
Auto Liability (AL) — 39 States
Primary coverage for bodily injury and property damage caused by covered vehicles.
Auto Physical Damage (APD) — 46 States
Collision and comprehensive coverage protecting trucks and trailers.
Motor Truck Cargo (MTC) — 46 States
Protection for goods in transit against damage, theft, and loss.
Non-Trucking Liability (NTL) — 46 States
Coverage for owner-operators when operating outside of dispatch (bobtail).
Truckers' General Liability (TGL) — 46 States
Premises and operations liability for trucking businesses.
Enhanced Driver Safety Program Options
Earlier this year, Cover Whale added electronic logging devices (ELDs) to its Driver Safety Program as an option for telemetry data-sharing, along with its dash cam option, giving policyholders additional flexibility when binding auto liability coverage.
Telematics Options for Policyholders
Dash Cams
- Real-time video capture and driver coaching
- Event-triggered recording and alerts
- Exoneration in not-at-fault accidents
Electronic Logging Devices (ELDs)
- Hours of service (HOS) compliance
- Vehicle location and route tracking
- Driving behavior analytics
Flexible Integration
- Use existing telematics devices
- No need to purchase new hardware if already equipped
- Seamless data integration with Cover Whale platform
These options provide policyholders with flexibility in how they participate in the Driver Safety Program while ensuring they receive fair, data-driven pricing.
Empowering Agents with Modern Technology
Cover Whale remains dedicated to empowering agents and providing them with the tools they need to serve their clients effectively. The company's user-friendly online platform allows agents to quickly and easily quote and bind coverage for their clients, streamlining the insurance buying process.
Agent Platform Benefits
Fast Quote-to-Bind
- Minutes to coverage vs. weeks with traditional carriers
- Real-time underwriting decisions
- Instant policy issuance
User-Friendly Interface
- Intuitive design requiring minimal training
- Mobile-responsive for on-the-go access
- Comprehensive policy management tools
Powerful Backend
- Advanced algorithms for accurate pricing
- Telematics integration for risk assessment
- Automated workflows reducing manual tasks
Dedicated Support
- Real underwriters and support team
- Fast response times
- Training and onboarding assistance
Growing Network and Strong Performance
Cover Whale's expansion is supported by impressive business metrics:
- 15,000+ in-force policyholders actively insured
- 85% two-year CAGR demonstrating rapid growth
- Industry-leading loss ratios maintained throughout expansion
- 6,000+ agents in the network nationwide
- Premium savings for safe drivers based on verified performance
What This Means for Stakeholders
For Agents in New States
- New market opportunities to serve local trucking companies
- Competitive advantage with fast, tech-enabled quoting
- Comprehensive product suite to meet diverse client needs
- Support from experienced team with proven track record
For Trucking Companies
- More coverage options in your home state
- Fair pricing based on actual driving behavior
- Flexibility in telematics options (dash cam or ELD)
- Fast service from quote to policy issuance
For the Industry
- Increased competition driving better pricing and service
- Technology innovation raising industry standards
- Data-driven underwriting improving risk selection
- Focus on safety benefiting all road users
Continuing Momentum
This six-state expansion follows a pattern of steady geographic growth for Cover Whale:
- 2019: Founded and launched in initial states
- 2020-2022: Rapid expansion across major trucking corridors
- 2023: Reached critical mass with 30+ states
- 2024 Q1: Added six states in single announcement
- Future: More states planned throughout 2024
Learn more about Cover Whale's geographic reach here.
About Cover Whale
Cover Whale, an insurtech founded by experienced insurance and technology veterans, focuses on technology, underwriting, and data to provide innovative insurance programs for the commercial auto industry.
Operating as a managing general agent (MGA), the company currently has more than 15,000 in-force policyholders, ending 2023 with a two-year CAGR of 85% while maintaining industry-leading loss ratios. Cover Whale's unique Driver Safety Program combines coverage with telematics and real-time driver coaching to reduce claims, keep drivers safe and save lives on America's roads.
Cover Whale delivers its product through more than 6,000 agents with the industry's fastest, most agent-friendly online quote and bind experience. With a fundamental belief that safe driving should be rewarded, Cover Whale-insured drivers earn premium savings based on verified safe driving performance.
The company was named 2023 Insurtech of the Year by Program Manager, one of America's Best Startup Employers on Forbes' 2023 list, and more recently, the #3 insurtech to watch in 2024 by PropertyCasualty360.
For more information, visit www.coverwhale.com. Stay up to date with Cover Whale on LinkedIn, Facebook, Instagram and our blog.
Get Started in Our New States
Agents in Maine, Montana, Nebraska, North Dakota, South Dakota, or Vermont: Ready to offer Cover Whale's tech-driven commercial auto insurance to your trucking clients? Contact us to get appointed.
Trucking Companies: Looking for fast quotes and fair pricing in your state? Find a Cover Whale agent or request a quote.
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