Privilege Underwriters Reciprocal Exchange Car Insurance Review [2020]

Privilege Underwriters car insurance is not available because PURE specializes in home insurance. Compare car insurance quotes online using our free tool below.

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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: Jan 27, 2021

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Company Details
Address: 44 South Broadway Suite 301
City: White Plains
State: NY
ZIP Code: 10601-1743
Phone Number: 888-813-7873
Year Founded: 2006
AM Best Rating: A (Excellent)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • Privilege Underwriters Reciprocal Exchange now goes by PURE Insurance
  • PURE was created in Florida in response to the devastating hurricanes that occurred in 2006
  • PURE Insurance doesn’t offer car insurance but does offer many other insurance plans available in five different states

A review of Privilege Underwriters Reciprocal Exchange car insurance will result in a connection to PURE Insurance. The company now goes by its acronym P-U-R-E.

PURE has an A- rating from A.M. Best which is an excellent rating. This is rare for a company that is only four years old.

However, PURE does not offer car insurance.

To find car insurance elsewhere, compare car insurance rates with your zip code above and the free rate tool now!

Learning About PURE Insurance

PURE started in Florida in response to the devastating hurricane seasons in 2006 that left many people homeless due to inadequate flood and hurricane coverage on their homes.

They have since expanded to offer other insurance plans like:

Their homeowner’s insurance options are only for high-value homes.

PURE is a different type of insurance company in that it requires its policyholders to contribute surplus capital to the company during the first five years as a customer.

By doing this, the customer is creating a personal stake in the company’s success.

PURE then invests the surplus capital of its customers resulting in financial growth and return for the insured.

Though return is not guaranteed, surplus contributions keep premiums low and when returns are gained they are deposited into the insured’s Subscribers Savings Account.

Because of the type of insurance offered, PURE is very selective in whom it approves for insurance. They have a list of eligibility requirements including income standards, asset amounts, and successful family history.

PURE insurance is available in:

Drivers seeking auto coverage should utilize a car insurance comparison tool and then seek insurance company reviews on those providers whose policies interest them.

Enter your zip code to start the process of comparing car insurance rates now!

References:

  1. https://www.pureinsurance.com/index
  2. https://www.pureinsurance.com/about/
    /news/press_releases/000086/:pf_printable/style=print?
  3. http://ambest.com/
  4. https://en.wikipedia.org/wiki/2006_Atlantic_hurricane_season
  5. https://www.truckinginfo.com/article/story/2014/05/five-ways-private-fleets-keep-drivers-longer.aspx
  6. https://www.pureinsurance.com/high-net-worth-insurance/insurance-products/jewelry-insurance-art-insurance
  7. https://www.forbes.com/sites/russalanprince/2013/05/29/how-to-pay-less-for-high-end-homeowners-insurance/#bf76b6b2c01b

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