Insurance Discounts for Balboa Insurance

There were no Balboa insurance discounts for car insurance because the company didn't offer personal or commercial car insurance. Balboa was bought by QBE in 2011.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jun 29, 2020

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UPDATE: Balboa Insurance Group was purchased by QBE in 2011.

Here's what you need to know...

  • Balboa Insurance does not offer personal or commercial car insurance
  • Balboa offers specialty insurance to lenders
  • The company offers 24/7 customer service to its clients


The Balboa Insurance Group, headquartered in Irvine, California, does not offer any type of personal or commercial car insurance.

To find the companies that offer the best car insurance discounts, as well as compare car insurance rates, enter your ZIP code above!

Just because the Balboa Insurance Group does not offer car insurance does not mean they do not offer excellent insurance policies. In fact, the Balboa Insurance Group offers specialty insurance policies to lenders.

Balboa Insurance Group Basics

For more than 60 years, the Balboa Insurance Group has focused on supplying superior loss mitigation and risk management solutions for auto finance and mortgage companies. This company also offers specialty home insurance for consumers.

There are four insurance underwriting companies that are associated with the Balboa Insurance Group.

These insurance underwriters are the Merit Plan Insurance Company, the Balboa Insurance Company, the Newport Insurance Company, and the Newport E and S Insurance Company.

The Balboa Insurance Group is a very financially stable company.

Not only is this company on the Fortune 500 list for financial organizations that provide diversified services, but Balboa has also received an “A” (Excellent) financial strength rating from the A.M. Best Company.

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Balboa Insurance Group Products

The Balboa Insurance GroupThere are no Balboa insurance discounts for car insurance because the company doesn’t offer personal or commercial car insurance. Balboa offers auto risk mitigation and lender-placed insurance.

Lender-placed insurance is an insurance designed for both small and large financial institutions.

These insurance policies are specialized for mortgage collateral services.

These policies include lender-placed fire coverage, insurance tracking, lender-placed hailstorm and wind coverage, lender-placed flood coverage, lender-placed flood gap coverage, and REO liability and property insurance coverage.

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Auto risk mitigation is a service that the Balboa Insurance Group offers to auto lenders.

This service involves collateral protection insurance, which includes collision and comprehensive coverage. This insurance coverage is needed if a customer is in an accident in the lender’s car and has no insurance of their own to cover the damages.

Balboa also provides a system to help recover stolen cars and find cars that need to be repossessed.

The Balboa Insurance Group’s technology solutions focus on analysis and data capture.

The Balboa technology helps to process the insurance records of more than 800 insurance agencies. This technology has helped Balboa create a paperless system that benefits both Balboa and its business partners.

Balboa also offers its customers access to its client program as a way to offer a secure network through which to submit sensitive information.

The customer care service that Balboa provides acts as a 24/7 solution for answering customers questions and needs when the office is closed.

The highly-trained customer service representatives offer business owners peace of mind that every situation will be handled correctly and promptly, even when they cannot be in the office themselves.

Balboa Insurance Group may not offer car insurance options, but you can still find and compare car insurance rates from top companies in your area today! Just enter your zip code below to get started.

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