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Frequently Asked Questions

Who is Velox Insurance?

Velox Insurance, Inc was established in 2007 with the goal of providing competitive rates and superior customer service to meet insurance needs in Georgia. Our commitment to excellence in providing affordable coverage and value to our customers has propelled our growth to 35 locations throughout Georgia with expansion into Florida in 2018. In the beginning of 2019 Velox Franchise Company will allow continued growth nationwide by allowing entrepreneurs to own a Velox Insurance Franchise.

Is Velox Insurance an independent agency?

Velox Insurance is an independent insurance agency offering many insurance carriers. We are looking for ambitious, goal driven, and customer focused franchisees to continue our growth nationwide.

How soon can I open? How long does the process take?

From first inquiry to opening a Velox Insurance office, the process takes 2-5 months. This will depend on a number of factors, including site location and availability.

What is my initial investment?

The initial single-unit franchisee fee is $20,000. Estimated initial investment required for a single location ranges from $68,600 to $118,975. A large portion of the initial investment shown at the bottom of the Item 7 chart is required additional funds for initial operations.

Can I own more than one unit?

Yes, you may own more than a single unit. You can lock in additional locations by signing a area development agreement for multiple units. The initial franchisee fee for the additional locations is reduced and we will agree upon the number of units and timetable for opening them.

What support will I receive going forward?

You will receive support through our company wide marketing and advertising including brand awareness from our continued growth. We also operate a marketing fund that all franchisees contribute to that will support marketing efforts company wide. In addition, you will benefit from ongoing training, research and development of new or additional products, new software development, and operations support.

How much money will my franchise make?

This question has many variables and the first step would be to reference our FDD which will help you to understand the potential earnings. Velox Insurance franchises can earn a commission on policies they sell, renewals, add on products and payments on those policies.

Can I have an insurance office inside my auto dealership?

Yes, this is a great opportunity to serve your customers and increase retention when customers return for insurance payments and renewals. This creates a chance for them to see your new selection of vehicles and maybe think about trading or upgrading their vehicle.

How can I get the FDD – Franchise Disclosure Document?

First step would be to complete the Velox Franchise Application, we will then be in contact with you within 1-2 business days to discuss franchise opportunities.

Ready to Open Your Own Velox Franchise Office?

If you find the Velox Insurance brand compelling and are looking for a flexible, well-supported business in a rewarding niche of the dynamic insurance industry, contact us.

Velox Insurance Franchise owner.