Key takeaways
Next Insurance ranks #1 for affordability among major business insurance carriers, with average rates of $25 monthly.
— QuoteYeti editorial team
- 02 Customer experience ranks #1 based on J.D. Power scores, NAIC complaint data, and online sentiment.
- 03 Coverage breadth scores #3 — see the coverage section below for which add-ons set Next Insurance apart.
Next Insurance ratings
How much does Next Insurance cost?
Next Insurance business insurance costs small business owners $25 monthly on average, or $300 annually — Varies by industry compared to the national average. Actual rates vary significantly based on your profile, location, and coverage selections. Use the cost-by-category table below to see how Next Insurance typically prices different small business profiles.
Avg monthly
$25
Avg annual
$300
vs. national avg
Varies by industry
Rates by category
| Category | Minimum coverage | Full coverage | Rank |
|---|---|---|---|
| Low-risk small business owners | $21 | $25 | #1 |
| Average small business owners | $25 | $29 | #1 |
| Higher-risk small business owners | $35 | $40 | #2 |
Next Insurance earns #1 overall in our business rankings — the kind of performance that rewards a closer look, not a coin flip.
Next Insurance reputation
Next Insurance ranks #1 in QuoteYeti's customer experience study for business insurance. The score blends J.D. Power survey data, NAIC complaint ratios (0.42 versus an industry-wide 1.00 average), and member sentiment from public review sources. Customers consistently praise Next Insurance for responsive service and smooth claims experiences.
Step 01
Buying process
Buying coverage from Next Insurance is a strong experience for most small business owners. The quoting process is primarily online with phone support available for complex situations.
Step 02
Policy management
Day-to-day policy management at Next Insurance is straightforward, with self-service through both the mobile app and web portal. Members typically rate the digital experience as competent if not standout.
Step 03
Claims experience
Claims handling at Next Insurance is consistently strong, with NAIC complaint data well below the industry average and J.D. Power scores reflecting member satisfaction. For straightforward claims (windshield repairs, minor incidents), most small business owners report fast resolution. Complex claims requiring extensive investigation can take longer.
Independent industry ratings
Independent ratings from major financial-strength and customer-satisfaction agencies:
| Source | Score | Overview |
|---|---|---|
| AM Best Financial Strength 1 A.M. Best Insurance-industry credit rating agency since 1899. A++ is the highest financial-strength grade. | A- (Excellent) | Excellent ability to meet financial obligations |
| S&P Global Financial Strength 2 S&P Global Standard & Poor's Global Ratings. Insurance financial-strength grades from AAA (strongest) to D. | Not rated | Adequate financial capacity |
| J.D. Power Claims Satisfaction 3 J.D. Power Consumer satisfaction surveys with 12,000+ policyholders annually. Scores run 0–1000; above 800 is considered excellent. | Not surveyed | Not included in J.D. Power's claims study |
| NAIC Complaint Ratio 4 NAIC National Association of Insurance Commissioners. Their complaint index is 1.0 = average; lower is better. | 0.42 | Substantially fewer complaints than expected for company size |
Next Insurance discounts
Next Insurance offers 2 discounts to help reduce your premium:
| Discount | Average savings | Eligibility |
|---|---|---|
| Multi-Policy Bundle | Up to 10% | Bundle two or more business insurance products |
| Annual Payment | Up to 10% | Pay annual premium upfront instead of monthly |
Next Insurance coverage options
Next Insurance offers a comprehensive coverage menu typical of major business insurance carriers, with several add-ons that set it apart from competitors. The table below details the main add-ons available.
| Add-on coverage | What it covers | Key features |
|---|---|---|
| General Liability | Third-party bodily injury and property damage from your business operations | Standard coverage; required by many landlords and clients |
| Professional Liability (E&O) | Errors and omissions in your professional services | Critical for consultants, accountants, and service providers |
| Workers' Compensation | Medical bills and lost wages for employees injured on the job | Required in most states for businesses with employees |
| Commercial Auto | Vehicles used for business purposes | Personal auto policies typically exclude business use |
Pros and cons
Ordered by impact. The top item in each column is the one we'd weight heaviest in a recommendation.
What's working
- Top pro Quote, buy, and download Certificate of Insurance in minutes
- Built specifically for small business and gig workers
- Coverage tailored to specific industries (construction, beauty, fitness, etc.)
- Live chat with licensed agents for complex situations
- Transparent monthly pricing without long-term commitments
What's not
- Top con Coverage limits lower than traditional carriers for some industries
- Fewer niche endorsements than legacy commercial carriers
- Underwriting can be strict for higher-risk industries
- Limited multi-state availability for some products
Our verdict
The bottom line
Next Insurance earns an overall score of 4.52/5 in QuoteYeti's business insurance provider rankings. The carrier ranks #1 nationally, with particular strength in affordability.
Next Insurance is best suited for small business owners who prioritize the lowest possible rate. Coverage limits lower than traditional carriers for some industries is the most common drawback to weigh against the strengths.
As always, compare quotes from multiple insurers before committing. The right carrier depends on your specific profile — driving record, claims history, location, and coverage needs all shift the math.
Frequently asked questions
Is Next Insurance a good business insurance company?
Next Insurance is a legitimate business insurance carrier with a financial-strength rating of A- (Excellent). It ranks #1 overall and #1 in affordability in QuoteYeti's editorial comparison of major business insurance providers.
How much does Next Insurance business insurance cost?
Next Insurance averages $25 monthly ($300 annually) — Varies by industry versus the national average. Your actual rate depends on your profile, location, and coverage choices. Use the cost-by-category table above to see how Next Insurance typically prices different small business owners.
What discounts does Next Insurance offer?
Next Insurance offers 2 primary discounts, including Multi-Policy Bundle, Annual Payment. See the full discount table above for eligibility and average savings.
Does Next Insurance have good claims handling?
Next Insurance's NAIC complaint ratio is 0.42 (1.00 is the industry average, so lower is better). This is well below the average — meaning fewer customer complaints relative to volume. J.D. Power claims scores rate Not surveyed.
Should I choose Next Insurance or a competitor?
Next Insurance is strongest for small business owners who want the lowest rates. Compare quotes from at least three carriers — Next Insurance's rates and offerings vary significantly based on your specific profile, and the carrier that fits best can differ for small business owners in different situations.
How we rated Next Insurance
QuoteYeti's business insurance rankings are designed to surface where each carrier actually wins and loses. We don't accept payment for ranking placement, and our methodology is published in full so you can audit how we reach our conclusions.
60%
Cost
We compare quotes across multiple small business owners profiles, measuring how competitively each carrier prices its policies against local and national competitors. Data is normalized to comparable coverage levels.
30%
Customer satisfaction
We analyze customer feedback from J.D. Power member studies, NAIC complaint ratios, AM Best ratings, and public review sources to assess overall service quality and claims handling.
10%
Coverage breadth
We evaluate each carrier's coverage menu, scoring the variety of available endorsements, unique features, and gap-filling options.