Estrella Insurance

Company name: Estrella Insurance

Founded: 1980

CEO : Nicolas Estrella Jr.

President: Jose Merille

Parent Company: Estrella Franchising Corp

Headquarters: Miami, FL, United States

SocialLinks: FacebookTwitterLinkedInInstagramYouTube

Franchisor corporate address: 3750 W. Flagler St.
Miami, FL 33134

estrella insurance

Insurance services: Auto, home, commercial, business, boat, motorcycle and recreational vehicle insurance.

Email: [email protected]

Phone number: 1-800

Website: https://www.estrellainsurance.com/

Industry: Financial services

Number of employees: 130

About Estrella Insurance

Estrella Insurance (Estrella), the leading franchise for property and casualty insurance, has crossed the $500million mark in system-wide premiums. This was the first time Estrella had achieved this milestone in its nearly 40-year history.

It also continues to grow on a strong sales record. This impressive growth demonstrates the adaptability of the Estrella franchise network to rapidly changing business environments despite the challenges faced by the global pandemic.

The company a Miami-based broker, offers home insurance, auto and business insurances, as well as life insurance. It is a strong presence in Miami, South Florida. There are hundreds of agents offering Estrella Insurance car coverage in Florida.

The company has strong representation in Tampa, Orlando and other major cities in Florida. The agents of this company can be found in Houston Dallas San Antonio, Denver Phoenix Tucson, Las Vegas and Los Angeles as well as other major cities across the United States.

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Estrella Insurance Growth

The company saw a strong double-digit increase in premiums by more than 15% in 2021, while expanding its franchise network. This year, company has opened nearly 20 new locations and awarded over 25 territories to developers in Florida, Southern California, Phoenix, among others.

Estrella currently has over 175 offices in the U.S., and is consistently ranked among the top franchise opportunities and recognized as an indispensable resource for potential franchisees.

It is a simple, affordable, and cost-effective company that offers insurance solutions for auto, home and business.

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Estrella Insurance Products & Services

The company makes buying insurance easy for you. It allows you to purchase all the following types:

Auto Insurance: The company provides auto insurance in all of its states. The agents can provide multiple quotes from multiple insurance companies, so it is easy to find the right policy.

Commercial Insurance: This includes commercial auto insurance as well as other types of insurance. The company is a specialist in the insuring contractors, for hire transportation services, towing, restaurant deliveries and other types business insurance.

Homeowners Insurance: The company can provide home insurance to protect your condo, home, or mobile home. Renters and landlord insurance are also offered by the company.

Business Insurance: The company provides business insurance such as workers compensation, general liability insurance and other policies for business owners. To save money, you can combine multiple business insurance policies.

Life & Health Insurance: The company provides life and health insurance for those who live in the participating areas. 

 Alternate Vehicle Insurance: The company offers a variety of vehicle insurance options, including boat insurance and RV insurance. Motorcycle insurance is also available.

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How does Estrella Insurance Auto Insurance work?

Estrella Insurance works as an insurance broker. Based on your location, the company can provide quotes from up 30 different auto insurance providers. Estrella Insurance agents can help you choose the best insurer for you.

Many drivers want the best auto insurance policy. They need a plan that allows them to drive as fast as possible. For added security and peace of mind, other drivers may want to have full coverage. A representative can help you choose the right policy for you.

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Here’s how to buy car insurance from Estrella Insurance.

Step 1: Select coverage: Tell Estrella Insurance about yourself, your vehicle and any additional drivers. This information will be used by the agent to create customized insurance quotes.

Step 2: Compare Rates: Compare rates and coverage. Compare rates and discounts with your agent.

Step 3: Choose a Policy: Now, you can start with Estrella Insurance.

 It is a good choice if you feel overwhelmed by the insurance comparison process or need expert guidance throughout the process.

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Estrella Auto Insurance Coverages

Estrella provides the same auto insurance products as other companies. You can purchase minimum coverage insurance plans or full-coverage plans and everything in between.

The company rates its auto insurance on the basis of three types of coverage.

Property coverage: Protects your vehicle from theft or damage. Property coverage includes collision cover which repairs your vehicle following an accident and comprehensive insurance for damage that is not caused by accidents.

Liability coverage: Most states require drivers that they have a minimum amount of bodily injury liability and property damage. Estrella Insurance policies can protect you from bodily injury and damage.

Medical coverage: Estrella Insurance offers medical coverage to cover your injuries after an accident. This insurance can cover wages and funeral costs among other expenses. While some states require coverage for personal injury (PIP), others don’t.

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How Estrella Insurance is Unique?

There are many options available to drivers for car insurance. Why choose a broker like Estrella Insurance? Here are some benefits offered by Estrella Insurance:

Save Time & Money: You can save time and money by comparing insurance. Estrella Insurance is here to help you save time and money. You don’t have to spend hours looking for the right plan or shopping around for insurance.

 Instead, you can trust the knowledge of a professional agent. Estrella Insurance, like other brokers can obtain lower rates through insurance companies that you would not be able to get on your own.

Personal service from professional agents: Many drivers prefer to work with a local agent for their insurance needs. Estrella Insurance agents in your local area can provide a personal approach to car insurance.

Estrella Insurance is well-known in the community. It emphasizes the importance of community when comparing insurance. Estrella Insurance wants to be the company you recommend to your family and friends.

A popular choice among Spanish-speaking populations: Estrella Insurance is a favorite among Latinos as well as members of the Spanish-speaking community. The company is well-known in Florida, Texas and California. It also has strong presences in California, Colorado and Nevada. Estrella Insurance is a good choice if you are looking for a local agent that speaks Spanish and can understand your situation.

Immigration Services The company offers immigration services through its Estrella Immigration division. Free consultations are available to answer any questions you may have about immigration.

Ticket Defence:  The company also provides ticket defense. This allows you to defend against traffic violations and erase traffic tickets from your records. Tickets defense starts at $69.

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Estrella Insurance Discounts

The company discounts can vary from one insurer to the next. The company has a partnership with over 30 insurers. Each insurer offers a unique discount.

The agents can help you choose the right insurance company, based on available discounts. For example, some students can get a great student discount while others may be able to save hundreds by bundling discounts.

Estrella Insurance’s network of insurers offers discounts such as:

Bundling Discounts – Combine one or more insurance policies to save money. Save Money by bundling your auto and home insurance policies together.

Safe Driving Discount: If your driving record is clean and you have not been involved in any accidents or speeding tickets, you might be eligible for a safe driving coupon.

Multi-Vehicle Discount Drivers who have to insure multiple vehicles may be eligible for a multi vehicle discount.

Good student Discounts: Some Estrella Insurance partners offer good students discounts. A good student discount is available to full-time students under 25 and has grades I school.

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Estrella Insurance Reviews: What do customers have to say?

The company has an average rating online. Customers love the personal touch of an Estrella Insurance agent. Others have had bad experiences with their local Estrella Insurance agent. The experience of your agent or local office will greatly impact how you feel.

Based on 270+ reviews, WalletHub gives Estrella Insurance an average rating score of 3.1 stars from 5 on their insurance review website.

The company does not operate as an insurance company so they aren’t listed on J.D. Power’s insurance rankings are not available. A.M. has not rated Estrella Insurance. They are best for their financial strength. Check the J.D. After receiving a quote from Estrella Insurance, you can check the J.D.

This company is also not rated by the Better Business Bureau.

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Franchisee

Estrella offers its franchisees ongoing support and training, from initial inquiry to opening and beyond. This helps maximize income potential as well as profitability.

Estrella franchisees have strong relationships with major insurance companies. They also benefit from superior marketing in Spanish and English via TV, radio, and outdoor. This allows them to insure more people, regardless of their financial situation, while keeping premiums low.

It is a non-negotiable insurance policy. This is why it remains a pandemic-resistant and even recession-resistant business opportunity for aspiring entrepreneurs.

The future growth of this company will depend on being a data-driven company that focuses on providing a simple, cost-effective, and easy-to-understand consumer insurance portfolio.

Jose Merille (President of Estrella Insurance) said, “With our rapid growth, recent innovations, it really feels exciting to be part of Estrella.” “We had another strong year. As we scale the brand, it is exciting to provide our franchise partners with more resources and tools to maximize their success. We have a lot more in store for 2022.

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Franchising Overview

Franchising Since: 2008 (13 years)

Where seeking: This company is seeking new franchisees throughout the US.

# of Units: 175 (as of 2021)

Franchisor Information

Social: Facebook

Corporate Address: 3750 W. Flagler St.
Miami, FL 33134

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Estrella Insurance franchise.

Financial Requirements & Ongoing Fees

Initial Franchise Fee : $10,000 – $25,000

Initial Investment : $12,250 – $84,000

Net Worth Requirement :$50,000 – $100,000

Cash Requirement : $50,000

Veteran Incentives :10% off franchise fee

Royalty Fee :10-14% of commissions

Ad Royalty Fee : 7% of commissions

Term of Agreement :10 years

 Is franchise term renewable?

Yes

Financing Options

Some franchisors offer in house financing while others have relationships that allow them to refer qualified franchisees to third-party funding sources.

In-House Financing

Estrella Insurance provides in-house financing for the following:

It has relationships to third-party financiers who can provide financing for the following: equipment, startup costs, payroll.

Training and Support

Franchisees can get help with their business by getting training from franchisors and continuing support.

On-The-Job Training: 240 hours

Classroom Training: 80 hours

Ongoing Support:

Purchasing Co-ops, Newsletter, Meetings & Conventions, Toll-Free Line, Grand Opening, Online Support, Security & Safety Procedures, Lease Negotiation, Field Operations, Site Selection, Proprietary Software, Franchisee Intranet Platform, Marketing Support, Co-op Advertising, Ad Templates, National Media, Regional Advertising,Social Media, SEO, Website Development, Email Marketing, Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? 

No

Can this franchise be run from home/mobile unit? 

Yes

Can this franchise be run part time? 

 No

Are exclusive territories available? 

 Yes

Rankings

Curious to know where Estrella Insurance ranked on other franchise lists? Find out below.

Ranked #180

Franchise 500 Ranking

Ranked #15

Top Franchises for Less Than $50,000