Olive

Olive is a direct-to-consumer carrier offering mechanical breakdown insurance (MBI) and vehicle service contracts (VSC) across all 50 U.S. states and Canada via olive.ca. Operated by Repair Ventures, LLC, the company provides coverage for private passenger vehicles through a fully digital platform that enables customers to quote, purchase, and manage policies entirely online. Founded in 2014 and relaunched under the olive.com brand around 2020-2021, the company focuses on the personal auto coverage segment as an alternative to traditional extended warranty providers.

The platform allows customers to enroll in five minutes with no vehicle inspection required, select from three plan tiers with deductible options of USD 100, USD 250, or USD 500, and activate coverage immediately upon enrollment. Claims are processed through a network of over 70,000 RepairPal Certified repair shops nationwide, with QBE Administration Services, Inc. managing claim approval and direct payment to shops. Olive's subscription-style pricing starts at USD 49/month, and a 60-day money-back guarantee applies at enrollment.

Olive operates under an insurance underwriting arrangement with QBE Insurance Corporation, a global insurer with approximately USD 15 billion in gross written premiums. Olive holds an A+ rating from the Better Business Bureau. No external venture funding rounds have been identified; the company appears to be privately funded through its operational relationship with QBE.