Volvo Car Financial Services U.S. is now in the business of more than just booking retail installment sales contracts and vehicle leases.
On Wednesday, the captive announced the launch of Volvo Car Insurance Services, the company’s first-ever independent insurance agency in the United States.
In collaboration with what the captive dubbed “industry-leading” insurance companies, Volvo Car Insurance Services can connect customers with a broad range of insurance solutions, including auto, home, umbrella, and select specialty products, underwritten by “trusted providers.”
The initial rollout markets include Alabama, Arizona, Idaho, Illinois, Indiana, Kentucky, Maryland, Maine, Montana, New Hampshire, New Mexico, Ohio, Oregon, Pennsylvania, Tennessee, Utah, Vermont and West Virginia.
The captive said this market list is preliminary and subject to change at any time.
Volvo Car Insurance Services is fully integrated into the company’s digital ecosystem, including the Volvo Cars App, providing a unified and intuitive journey from vehicle purchase to long-term protection
The captive explained licensed agents also can provide personalized support and expert knowledge on coverage options specific to each Volvo car. Coverage may include the option to use Volvo Genuine Parts, helping ensure repairs meet the highest standards of performance and safety.
The company acknowledged access to Volvo Genuine Parts is dependent on carrier selection, as not all carriers offer an OEM parts endorsement. Carrier availability varies by state, policy selection, and is subject to change, according to the captive.
Volvo Car Financial Services also mentioned customers can bundle auto, home, and other personal insurance options for a convenient, cost-effective offering.
“By launching Volvo Car Insurance Services, we are extending Volvo Cars’ commitment to safety and simplicity well beyond the vehicle,” Volvo Car Financial Services president and CEO Tony Nicolosi said in a news release.
“This expanded offering combines a seamless digital experience with flexible, personalized coverage options, supported by licensed insurance agents who provide expert, transparent guidance, creating a new standard for what customers should expect from automotive insurance,” Nicolosi added.
Customers interested in learning more about Volvo Car Insurance Services can visit https://www.volvocars.com/us/l/insurance-services/.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.