Loading company information...
Company Information
Reviews
Social Scout
See what Social Scout found of Boundless Rider
Provided by TrustFinance AI Analysis
Social Scout
See what Social Scout found of Boundless Rider
Provided by TrustFinance AI Analysis
United States
2021 (5 Years)
Last online: No recent activity
Please carefully consider your options and choose the service that best meets your needs.
Avoid
3
Provided by TrustFinance
Security Information
0.00
Verification on TrustFinance
0.00
Traffic & Engagement
2.67
Social look up
0.00
Provided by TrustFinance
Security Information
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Boundless Rider
Get to know Boundless Rider
Industry
AI Review analysis
Let’s TrustFinance AI Summarize all the reviews for you.
Provided by TrustFinance AI Analysis
Filter
5 Star
4 Star
3 Star
2 Star
1 Star
Sort by
Summarization
Boundless Rider is a rapidly growing insurtech company specializing in motorcycle and powersports insurance. Founded in 2022 and headquartered in Medford, Massachusetts, the company distinguishes itself through a rider-centric approach, leveraging AI and telematics to offer innovative insurance solutions and enhance rider safety. This comprehensive review delves into all aspects of Boundless Rider, helping you determine if it's the right choice for your insurance needs.
Boundless Rider launched in 2022, entering a market ripe for disruption. Traditional motorcycle insurance often lacked the personalized touch and technological advancements that modern riders demand. Boundless Rider aimed to fill this gap, offering a fresh perspective on risk assessment and customer service within the powersports insurance industry.
Boundless Rider's success has been marked by significant milestones. The company has secured substantial funding, culminating in a Series A round totaling $11 million, with its latest tranche amounting to $4.25 million. This funding has fueled rapid expansion across several states, including Texas, Arizona, Illinois, and Ohio, showcasing impressive growth and market penetration within a relatively short time frame. This expansion signifies a strong belief in the company's innovative business model and its potential to capture a significant share of the powersports insurance market.
Operating legally and transparently is paramount in the insurance industry. Boundless Rider holds a valid license to operate as an insurance agency, with license number 20354102 issued by the Massachusetts Group Insurance Commission. This license demonstrates regulatory compliance and provides assurance to customers that the company operates within established legal frameworks. Furthermore, their accreditation by the Better Business Bureau (BBB) since May 30, 2024, further reinforces their commitment to ethical business practices and customer satisfaction.
Boundless Rider's core offering centers around comprehensive insurance for a wide range of powersports vehicles. This includes motorcycles, ATVs, UTVs, snowmobiles, scooters, and mopeds. This broad coverage caters to a diverse clientele, encompassing various riding styles and vehicle types within the powersports community. The company offers comprehensive coverage options tailored to individual needs, providing a safety net for riders and their families.
One notable feature is the inclusion of a $100,000 death benefit for the families of riders involved in fatal accidents. This demonstrates a commitment to supporting loved ones during difficult times. Furthermore, attractive discounts are offered, including a 5% discount upon enrollment and app connection, plus an additional 20% discount for those who use their vehicles for less than 10 miles per month. These incentives reward safe riding practices and encourage responsible vehicle usage.
Beyond core insurance coverage, Boundless Rider provides valuable supplementary services to enhance the rider experience. Through its website and app, the company offers access to rider training information, motorcycle licensing requirements, and suggestions for exciting rides. This commitment to providing a holistic and supportive experience for its customers sets it apart from traditional insurers. In addition, efficient claims assistance is offered to ensure a smooth and straightforward process in the event of an accident.
Boundless Rider aims to provide competitive premium rates, designed for flexibility and adaptability to individual rider profiles. The pricing structure likely incorporates factors such as riding history, vehicle type, and location, ensuring fair and personalized premiums.
While direct comparisons to industry averages are not readily available, the company’s utilization of AI and telematics suggests a potential for lower premiums compared to traditional insurers. These technological advancements allow for more accurate risk assessment and may result in reduced costs for low-risk riders.
As previously mentioned, Boundless Rider provides several discounts, including a 5% discount upon enrollment and app connection, and a 20% discount for low-mileage riders. The $100,000 death benefit also serves as a significant added value. While specific details on limited-time offers are not readily available, the company's commitment to offering competitive pricing suggests that such offers may periodically be available.
Boundless Rider likely offers various customer service channels, potentially including phone, email, and live chat via its app. While the precise details of these channels' availability are not explicitly stated, their commitment to a user-friendly experience suggests that readily accessible customer support is a priority.
Based on currently available information, 24/7 support and multilingual assistance are not explicitly advertised. However, as the company grows, these services may be introduced to meet the evolving needs of its customer base.
Boundless Rider presents several compelling advantages. Its competitive premiums are attractive, especially when coupled with comprehensive coverage options. The innovative use of AI and telematics, including features like crash detection, further enhances its appeal. The rider-centric approach, with benefits beyond mere insurance coverage, adds significant value for motorcycle enthusiasts.
As a relatively young company, Boundless Rider might face challenges in building a broad network of agents and partners, particularly in newer markets. This could potentially impact the accessibility of its services in certain regions. Further expansion and partnerships will be critical for continued success and wide market reach.
Boundless Rider offers a compelling alternative to traditional motorcycle and powersports insurance. Its innovative technology, competitive pricing, and rider-centric approach make it a noteworthy option. The company's commitment to safety, coupled with comprehensive coverage and additional benefits, positions it favorably within a competitive market. The ongoing expansion signifies a robust growth trajectory and market confidence.
Boundless Rider is an ideal choice for riders who value innovative technology, appreciate comprehensive coverage, and seek competitive pricing. Those seeking a company genuinely invested in the motorcycle community and offering additional perks and benefits will find Boundless Rider a particularly attractive option. Riders who embrace technological advancements and appreciate personalized service will find the Boundless Rider experience aligned with their needs.
Here are answers to some common questions regarding Boundless Rider's policies, claims process, and other important aspects:
Key Features of Boundless Rider Insurance at a Glance:
