Is Velox Insurance Legit? What You Need to Know Before Buying Velox Insurance

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Velox Insurance is a Georgia-based insurance company that offers car, home, and renters insurance in Georgia and Florida. But is it a good choice for you? Find out the pros and cons of Velox Insurance, how it compares to other providers, and what customers are saying about it/PHOTO COURTESY: Twitter

Tempted by Velox Insurance’s promises of low rates and convenient service?

Hold on before you hit “buy.”

Whispers of legitimacy swirl around the company, but before you trust your coverage to Velox, let’s peel back the layers and uncover the truth.

Dive into this no-nonsense guide and discover the hidden costs, customer experiences, and financial stability of this insurance provider.

We’ll separate the hype from the facts, so you can make an informed decision about entrusting Velox with your peace of mind. Buckle up, because this deep dive into Velox Insurance is about to take off.

What is Velox Insurance?

Velox Insurance is a Georgia-based insurance company offering affordable car, home, and renters insurance in Georgia and Florida.

Founded in 2003 and rebranded in 2007, Velox Insurance has grown to become one of the leading insurance providers in the region.

In fact, in 2021, Velox became a part of the Confie family of companies, one of the largest privately held insurance brokers in the United States.

Velox Insurance Rates: Are They Competitive?

One of the main reasons why customers choose Velox Insurance is that it promises to offer competitive rates for car, home, and renters insurance in Georgia and Florida.

According to Trustpilot, Velox Insurance has a 4.6 out of 5 rating based on 131 customer reviews

This shows that many customers are satisfied with its rates and service.

However, are Velox Insurance rates competitive compared to other insurance providers in the market?

And what factors affect the price of Velox Insurance policies?

In this article, we will explore these questions and provide some insights into how the company determines its rates and discounts.

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How Velox Insurance Finds the Cheapest Insurance Quotes

Velox Insurance partners with dozens of major insurance companies.

This allows it to find the cheapest insurance quotes in Georgia and Florida in just a few steps.

Customers have several convenient ways to shop for cheap car insurance by calling, visiting its retail locations, or purchasing car insurance online.

The company also offers discounts for various factors, such as:

  1. Having multiple policies with Velox Insurance
  2. Having a good driving record
  3. Good credit score
  4. Having anti-theft devices or safety features on your vehicle
  5. Completing a defensive driving course

By taking advantage of these discounts, the company can lower their premiums and save money on their insurance.

How Velox Insurance Rates Compare to Other Insurance Providers

Feature Velox Insurance State Farm Geico Progressive
Average Annual Rates $1,450 $1,520 $1,400 $1,470
Discount Options Good student, multi-car, military, safe driver Good student, multi-car, defensive driving, accident-free, good payer Good student, multi-car, federal employee, military, safe driver Good student, multi-car, homeowner, paperless, online quote
Coverage Options Liability, collision, comprehensive, uninsured/underinsured motorist, roadside assistance, rental car reimbursement Liability, collision, comprehensive, uninsured/underinsured motorist, roadside assistance, rental car reimbursement Liability, collision, comprehensive, uninsured/underinsured motorist, roadside assistance, rental car reimbursement Liability, collision, comprehensive, uninsured/underinsured motorist, roadside assistance, rental car reimbursement
Customer Service Rating 4.5 out of 5 stars on Trustpilot 4.7 out of 5 stars on Trustpilot 4.6 out of 5 stars on Trustpilot 4.5 out of 5 stars on Trustpilot
Quote Process Online, phone, agent Online, phone, agent Online, phone, agent Online, phone, agent
Availability Georgia, Alabama, Arizona, California, Florida, Indianapolis, South Carolina, Tennessee, and Texas All 50 states and Washington, D.C. All 50 states and Washington, D.C. All 50 states and Washington, D.C.

Velox Insurance Reviews: What Are Customers Saying?

Most customers praise the company for its great customer service, competitive rates, and easy process.

Some of the positive reviews are:

“I had an amazing experience with Velox insurance. The agent was knowledgeable, tailored coverage to my needs, and provided excellent communication, making the experience smooth and satisfying.” Ephrem Girmay

“They afford me an affordable and reasonable rate. And didn’t change the rate after the quote,.” D Thomas

“Great staff! Great guidance. Effective at saving money for insurance. Andre has a great attitude and is very skilled. Addressed all needs and was effective, quick, and knowledgeable.” TER Official iii

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Advantages of Velox Insurance

It partners with dozens of major insurance companies, which allows it to find the cheapest insurance quotes in Georgia and Florida.

In addition, it offers several convenient ways to shop for cheap car insurance by calling.

Or visiting its retail locations, or purchasing car insurance online.

Moreover, it provides comprehensive training and support to its franchisees, who can benefit from its business model and brand recognition.

Finally, it has strong financial backing from Confie.

Which has an A+ rating from the Business Bureau and is ranked as the top personal lines insurance broker in the US by Insurance Journal.

Disadvantages of Velox Insurance

One of the disadvantages of the company is that it has limited coverage options and does not offer life, health, or pet insurance.

Another drawback is that it has a high cancellation fee of $50, which may discourage customers from switching to other providers.

Furthermore, it has a low customer satisfaction rating of 2.5 out of 5 from the Better Business Bureau, which indicates that it has received many complaints and has not resolved them adequately.

As a result of these complaints, it has a poor online reputation, as it has been accused of fraud, deception, and misrepresentation by some customers and former employees.

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Conclusion

Velox Insurance is a reputable insurance company that offers affordable and flexible car, home, and renters insurance in Georgia and Florida.

It has a high customer satisfaction rating and strong financial backing from Confie.

It also provides various discounts and options to help customers find the best insurance quotes for their needs.

However, the company also has some drawbacks, such as limited coverage options, high cancellation fees, low BBB ratings, and poor online reputation.

Therefore, customers should compare Velox Insurance rates with other insurance providers and read the fine print before signing up for a policy. Velox Insurance may be a good choice for some customers, but not for others.

Ultimately, the best insurance company for you depends on your personal preferences, budget, and situation.

 

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