Clearcover is the smarter car insurance company, that uses powerful technology to offer everyday drivers better coverage for less money.

Clearcover provides impressively low rates—32% cheaper than other insurers, on average—to its customers.

Clearcover was founded in 2016 by Kyle Nakatsuji and Derek Brigham. The company is headquartered in Chicago, Illinois.


Clearcover automates traditionally manual insurance tasks with modern technology, resulting in lower operational costs. These savings are then passed on to the customer in the form of lower prices.

Clearcover’s API-first approach enables customers to have great insurance at affordable rates. The company’s powerful technology coupled with their dedicated Customer Advocate team ensures a quality experience.

Clearcover’s customer-first, service-focused model powered by advanced technology delivers a convenient, reliable and affordable experience. Built for today’s driver, Clearcover takes the guesswork out of car insurance, making it easy to save money and get insured in minutes.


Clearcover is backed by Eldridge, American Family Ventures, Cox Enterprises, OMERS Ventures, Lightbank, IA Capital Group and others. The Company raised $200M in Series D round on Apr 13, 2021. This brings Clearcover's total funding to $304.4M to date. The Series D round valued the company at $1B post-money.



  • Year founded: 2016
  • Funding Info: $304.4M over 4 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $1B as of April 13, 2021
  • City/Town: Chicago
  • State: Illinois
  • Country: United States
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