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Franchise 500 2023
2023 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$29K - $112K
Units as of 2022
57 Increase 58.3% over 3 years

Veronica’s Insurance was founded in 2007 by Veronica Gallardo. Since its launch, Veronica’s Insurance believes it has become a leading broker in its industry.

The company is among the top Hispanic companies in the industry, with over 50 active offices around the United States. In total, Veronica’s Insurance covers one hundred million premiums per year.

Veronica’s Insurance offers its clients eight types of insurance services: auto insurance, life insurance, home insurance, commercial insurance, health insurance, motorcycle insurance, renters’ insurance, and boat insurance.

Why You May Want To Start a Veronica’s Insurance Franchise

The ideal Veronica’s Insurance franchisee is a person who enjoys dealing with people and challenging situations. Also, it’s important to be interested in the insurance field. Experience in the field is not necessary to open a Veronica’s Insurance franchise, but you should at least be interested in it. 

If awarded a Veronica’s Insurance franchise, franchisees receive a great deal of support from Veronica’s Insurance brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and location construction. They also receive hands-on training and continued support after their franchise location has opened.

Veronica’s Insurance provides new franchisees with multiple hours of classroom training, extended ongoing support, and vast marketing support. The brand may also offer in-house or third-party financing that could help cover startup costs, equipment, and the franchise fee.

What Might Make a Veronica’s Insurance Franchise a Good Choice?

Veronica’s Insurance has been ranked in Entrepreneur’s Top New Franchises. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Opening a Veronica’s Insurance franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

How To Open a Veronica’s Insurance Franchise

To be part of Veronica’s Insurance team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. 

Veronica’s Insurance is currently looking for new franchisees all over the United States and has exclusive territories available. Veronica’s Insurance can be run part-time and from home or a mobile unit. Before making any financial commitment or signing an agreement, you may want to speak to existing franchisees and ask Veronica’s Insurance franchising team questions.

As you decide if opening a Veronica’s Insurance franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if Veronica’s Insurance franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Veronica’s Insurance franchise.

Find Your Perfect Franchise

Company Overview

About Veronica's Insurance

Industry Financial Services
Related Categories Insurance
Founded 2007
Parent Company Veronica's Insurance
Leadership Raul Dominguez, COO
Corporate Address 3998 Inland Empire Blvd.
Ontario, CA 91764
Social Facebook, Instagram, YouTube

Business Overview

Franchising Since 2020 (3 years)
# of employees at HQ 460
Where seeking

This company is offering new franchisees throughout the US.

# of Units 57 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Veronica's Insurance franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$15,000 - $25,000
Initial Investment Information Circle
$28,700 - $111,600
Royalty Fee Information Circle
Ad Royalty Fee Information Circle
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing Veronica's Insurance offers in-house financing to cover the following: franchise fee
Third Party Financing Veronica's Insurance has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training 35 hours
Ongoing Support
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
Website Development
Email Marketing
Loyalty Program/App


Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
Can this franchise be run part time? Information Circle
Are exclusive territories available? Information Circle
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Interested in ownership opportunities like Veronica's Insurance? Request a free consultation with a Franchise Advisor now.

Additional Rankings

Curious to know where Veronica's Insurance ranked on other franchise lists? Find out below.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022