PRIME RATE PREMIUM FINANCE CORPORATION, INC.
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Overview of Prime Rate
Prime Rate Premium Finance Corporation, Inc. (PR) first offered its services to independent insurance agents in South Carolina in late 1984. While initially specializing in personal lines, PR was the first premium finance company to develop agency automation to handle processing for agents specializing in these policies. The combination of superior customer service and commitment to technology was the key to success in our phenomenal growth.
Acquisitions and nationwide expansion efforts have resulted in a full-lines premium finance servicing center. Prime Rate has positioned itself in the marketplace to handle commercial policy opportunities by offering competitive terms while keeping a flexible attitude. As always, technology was a key factor as we now provide product delivery by web-based programs and delivery by phone, fax or e-mail.

Web-based quoting services include:

  • Contract preparation with draft and coupon printing
  • Loans are pre-approved up to $100,000 with no minimum
  • Funding by check, laser draft or direct deposit
  • Commercial accounts are billed monthly
  • Credit card, check by phone and EFT payments are accepted
  • Fee program, where states allow, is easily implemented
  • 24 hour account access by agent or customer through website

The personal touch at Prime Rate is evident in our commitment to superior customer service which will meet or exceed our agency partners' expectations.

Prime Rate Premium Finance Corporation

Integrity in Service