# Clearcover

**Source:** https://www.startuphub.ai/startups/clearcover
**Profile type:** Startup

> A next-generation auto insurance company offering a fully digital experience and affordable premiums.

## About

Clearcover is a modern auto insurance provider that leverages technology to offer a streamlined, fully digital experience for customers. By utilizing AI and automation, they aim to reduce operational costs, enabling faster claims processing and more competitive pricing compared to traditional insurers.

## Key facts

- **Slug:** clearcover
- **Website:** https://www.clearcover.com/
- **Location:** Chicago, United States
- **Founded:** 2016-01-01
- **Operating status:** Active
- **Total funding:** $381M
- **Sectors / tags:** InsurTech, AI-Driven Parametric Insurance, Digital Payments, Consumer App, API Platform

## Frequently asked

### What does Clearcover do?

Clearcover is a modern auto insurance provider that leverages technology to offer a streamlined, fully digital experience for customers. By utilizing AI and automation, they aim to reduce operational costs, enabling faster claims processing and more competitive pricing compared to traditional insurers.

### What is Clearcover's revenue?

StartupHub estimates Clearcover's annual revenue at $227.2M (range $111.9M to $507.2M, 32% confidence), based on comparable companies in the sector.

### What is Clearcover's valuation?

StartupHub estimates Clearcover's effective valuation at $191.8M (range $139.8M to $534.7M, 55% confidence), based on comparable companies in the sector.

### How much funding has Clearcover raised?

Clearcover has raised a total of $381M in funding. The most recent round on record is Debt.

### Where is Clearcover headquartered?

Clearcover is headquartered in Chicago, United States.

### When was Clearcover founded?

Clearcover was founded in 2016.

### What industry does Clearcover operate in?

Clearcover operates in InsurTech, AI-Driven Parametric Insurance, Digital Payments, Consumer App, API Platform.

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