Balboa Insurance Company Review [2024]

Balboa Insurance Company stands as a reliable choice for individuals seeking affordable and customizable insurance options, providing a diverse range of coverage options and discounts across auto, home, renters, and life insurance policies.

UPDATED: Feb 26, 2024Fact Checked

Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Justin Wright

Licensed Insurance Agent

Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...

Licensed Insurance Agent

UPDATED: Feb 26, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Feb 26, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Feb 26, 2024Fact Checked
5.0
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Balboa Insurance Company

Average monthly rate for good drivers:

$112

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Customizable insurance options
  • Multiple discounts available
  • Nationwide coverage

Cons

  • Limited online resources
  • Customer service availability varies by state
  • No mobile app for managing policies

Final Verdict: Review of Balboa Insurance Company

Balboa Insurance Company provides affordable and customizable insurance options to protect what matters most to you. With a wide range of coverage options and discounts available, Balboa Insurance offers auto, home, renters, and life insurance policies in multiple states nationwide.

The company has a low complaint level and an A (Excellent) rating from A.M. Best. Balboa Insurance provides various discounts such as safe driver, multi-policy, and good student discounts, among others. However, the company has limited online resources and customer service availability varies by state. Overall, Balboa Insurance is a great option for those looking for a reliable and affordable insurance provider.

Balboa Insurance Company offers a variety of insurance options for individuals and businesses. Their services include home, auto, renters, and business insurance. As a company, Balboa Insurance prides itself on providing excellent customer service and coverage options that fit the unique needs of their customers. In this article, we will explore the history and mission of Balboa Insurance Company, their main products and services, the cost of those services, states where their services are available, discounts available to customers, and customer reviews of the company.

What You Should Know About Balboa Insurance Company

Company Contact Information:

  • Phone: 1-866-459-1349
  • Email: [email protected]
  • Mailing Address: Balboa Insurance Group, P.O. Box 3199, Cerritos, CA 90703-3199

Related Parent or Child Companies: Balboa Insurance Group is a subsidiary of QBE Insurance Group Limited.

Financial Ratings: A (Excellent) rating from A.M. Best.

Customer Service Ratings: Customer service availability varies by state.

Claims Information: Claims can be filed online or over the phone. Customers can track the status of their claims online or through the Balboa Insurance mobile app.

Company Apps: Balboa Insurance does not have a mobile app for managing policies.

Balboa Insurance Company Insurance Coverage Options

Balboa Insurance Company is dedicated to safeguarding what matters most to you through a comprehensive array of insurance coverages. Whether it’s your car, home, belongings, or life, Balboa Insurance offers a range of options tailored to your unique needs.

  • Auto Insurance: Balboa Insurance provides coverage for your vehicles, ensuring protection on the road against unexpected events.
  • Home Insurance: Safeguard your home and possessions with Balboa’s comprehensive home insurance coverage, offering protection against damages and unforeseen circumstances.
  • Renters Insurance: Balboa Insurance extends its coverage to renters, ensuring the protection of personal belongings within rented spaces.
  • Life Insurance: Balboa offers life insurance policies, providing financial security and peace of mind for your loved ones in the event of unforeseen circumstances.

Customers can customize their policies by choosing the coverage options that fit their specific needs. Balboa Insurance also offers additional features and endorsements, such as roadside assistance and identity theft protection, to enhance the protection provided by their policies.

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Balboa Insurance Company Insurance Rates Breakdown

Driver ProfileBalboa Insurance CompanyNational Average
Clean Record$125$119
1+ Ticket$155$147
1+ Accident$188$173
DUI$225$209
Poor Credit$215$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Balboa Insurance Company Discounts Available

DiscountBalboa Insurance Company
Anti Theft25%
Good Student15%
Low Mileage12%
Paperless10%
Safe Driver25%
Senior Driver12%

Balboa Insurance offers various discounts to help customers save money on their policies. Here is a list of some of the discounts offered by the company:

  • Safe Driver Discount: Enjoy savings by maintaining a clean driving record, rewarding your commitment to safe driving habits.
  • Multi-Policy Discount: Bundle your insurance policies with Balboa and benefit from additional savings for combining your coverage needs.
  • Good Student Discount: Students excelling academically can capitalize on reduced premiums, reflecting Balboa’s commitment to supporting educational achievements.
  • Multi-Vehicle Discount: Insure more than one vehicle with Balboa Insurance and receive a discount for securing multiple assets.
  • Home and Auto Bundle: Combine your home and auto insurance for added convenience and savings with a bundled policy.
  • Claim-Free Discount: Stay claims-free, and Balboa rewards your careful management with discounted insurance rates.

Customers can qualify for these discounts by meeting certain criteria, such as maintaining a clean driving record, bundling multiple policies, being a good student, and more.

How Balboa Insurance Company Ranks Among Providers

Balboa Insurance operates in a highly competitive market, with several insurance companies vying for customers’ attention. Some of Balboa Insurance’s main competitors include:

  • Allstate: A large insurance company offering auto, home, renters, and life insurance policies.
  • State Farm: A well-known insurance company providing auto, home, renters, and life insurance policies, as well as banking and financial services.
  • Geico: A popular insurance company offering affordable auto, home, renters, and life insurance policies.
  • Progressive: A large insurance company providing a wide range of coverage options, including auto, home, renters, and life insurance policies.
  • Nationwide: A well-established insurance company offering auto, home, renters, and life insurance policies, as well as banking and financial services.

These companies offer similar coverage options and discounts, and compete with Balboa Insurance for customers seeking affordable and customizable insurance policies.

Frequently Asked Questions

What states does Balboa Insurance operate in?

Balboa Insurance operates in several states across the United States. Customers can check the company’s website or contact customer service to confirm if coverage is available in their state.

How can I file a claim with Balboa Insurance?

Customers can file a claim online or by phone. To file a claim online, visit the Balboa Insurance website and follow the instructions. To file a claim by phone, call the company’s customer service hotline.

What types of discounts does Balboa Insurance offer?

Balboa Insurance offers a range of discounts, including safe driver discounts, multi-policy discounts, good student discounts, and more. Customers can contact the company or visit their website to learn more about available discounts.

Does Balboa Insurance offer roadside assistance?

Yes, Balboa Insurance offers roadside assistance as an optional add-on to their auto insurance policies. Customers can add this feature to their policy for an additional cost.

Can I manage my policy through the Balboa Insurance mobile app?

Balboa Insurance does not currently have a mobile app for managing policies. However, customers can access their policy information and track their claims status through the company’s website.

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Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Justin Wright

Licensed Insurance Agent

Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Reviews
for Balboa Insurance Company

4.95 (3 reviews)
5
February 7, 2018

Dlydellf

From a former employee

As a former employee of Balboa Insurance Group [redacted info], I decided to get my renter's & auto insurance through them - a wise decision at the time, but my only regret is that I hadn't done it sooner! Their rates (even without my employee discount) were great, and the level of customer service was OUTSTANDING!!
4.5
July 24, 2017

Boop

Amazing.

This has changed my life for the better, I would of never found this thanks to my dad and my mom, honestly.
5
May 9, 2017

Youngthugchildsupport

It's good

I signed up like a month ago and that company has been treating me very well I never had any problems with them if your reading this you should sign up.
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