Boundless Rider Insurance
Boundless Rider Insurance is an American insurance technology company. Established in 2022, the company offers services and coverage options to the motorcycle and powersports community.[1]
Overview
Boundless Rider Insurance was co-founded in 2022 by Blair Baldwin. The company focuses on motorcycle and powersport insurance coverage.[2][3][4][5] In September 2022, the company secured $4.75 million in seed funding led by American Family Ventures, with participation from SiriusPoint, and Belmont Capital.[1]
In August 2023, Boundless Rider launched its insurance offerings in Texas, allowing owners of on-road and off-road motorcycles, ATVs, UTVs, snowmobiles, scooters, and mopeds to purchase policies online or through agents.[6][5] By March 2024, the company expanded its insurance offerings to Arizona, Illinois, and Ohio providing coverage for different vehicles, including on-road and off-road motorcycles, ATVs, UTVs, snowmobiles, scooters, and mopeds. Policies in Texas are underwritten by RedPoint County Mutual. All other state policies are underwritten by Incline Casualty Company.[3][4][7]
Boundless Rider introduced its industry-first Safe Rider Program in 2024, utilizing an AI-powered application to enhance rider safety and offer opportunities to save while not riding. The smartphone RIDE app features crash detection technology that connects to local 911 dispatch and provides a $100,000 death benefit for policyholders enrolled in the program. In addition, the app applies a 20% discount on the monthly insurance premium when the vehicle is used for less than 10 miles per policy month.[8]
In October 2024, Boundless Rider launched the Missing Moto Program, providing insurance agents and agencies with tools to identify untapped opportunities within their existing client base.[9]
In December of 2024, Boundless Rider announced coverage availability in Pennsylvania. As of 2024, the company provides its services in Texas, Arizona, Illinois, Ohio, and Pennsylvania.[4][6][8][9]
References
- ↑ 1.0 1.1 Azevedo, Mary Ann (2022-09-19). "Insurtech gets more specialized, with products just for e-bikes and factory-built homes" (in en-US). https://techcrunch.com/2022/09/19/insurtech-startups-boundless-rider-covertree-e-bikes-pre-fab-homesvcs-pay-a-premium-for-startups-insuring-e-bikes-and-pre-fab-homes/.
- ↑ "Boundless Rider Rolls Out Coverage in Pennsylvania | Insurance Innovation Reporter". https://iireporter.com/boundless-rider-rolls-out-coverage-in-pennsylvania/.
- ↑ 3.0 3.1 Ben-Hutta, Avi (2024-03-19). "Boundless Rider launches in Illinois" (in en). https://www.coverager.com/boundless-rider-launches-in-illinois/.
- ↑ 4.0 4.1 4.2 Kusek, Meagan (2024-03-21). "Boundless Rider Expands Footprint to Illinois" (in en-US). Motorcycle & Powersports News. https://www.motorcyclepowersportsnews.com/boundless-rider-expands-footprint-illinois/.
- ↑ 5.0 5.1 admin (2023-08-04). "Boundless Rider Launches Motorcycle, ATV and Off-Road Insurance in Texas" (in en-US). https://www.insurancejournal.com/news/southcentral/2023/08/04/734058.htm.
- ↑ 6.0 6.1 Membra, MPN (2023-08-04). "Boundless Rider Launches in Texas, Providing Specialty Insurance to Motorcycle and Powersport Riders". https://www.motorcyclepowersportsnews.com/boundless-rider-launches-texas-providing-specialty-insurance-motorcycle-powersport-riders/.
- ↑ admin (2024-03-19). "Boundless Rider Expands Motorcycle, Powersport Coverage to Illinois" (in en-US). https://www.insurancejournal.com/news/midwest/2024/03/19/765640.htm.
- ↑ 8.0 8.1 motogoldeditor (2024-05-09). "Boundless Rider Insurance Could be An Option in The USA" (in en-US). https://motogold.uk/2024/05/09/boundless-rider-insurance-could-be-an-option-in-the-usa/.
- ↑ 9.0 9.1 walker, alastair (2023-08-09). "Love Off-Road Riding in Texas? Boundless Has It Covered" (in en-US). https://insurance-edge.net/2023/08/09/love-off-road-riding-in-texas-boundless-has-it-covered/.