Insurify is a digital platform that helps individuals and families compare insurance policies. Users can answer a few questions to receive real-time quotes from various insurance providers, making it easy to find the best coverage for their needs. Unlike traditional methods, Insurify allows users to see multiple options at once without hidden fees, potentially saving them up to $717 on annual premiums. The company earns revenue by receiving a commission from insurance providers for each policy sold through its platform, allowing it to offer its services for free. Insurify's team includes experts in personal finance and the insurance industry, ensuring reliable information and guidance for users.

MassMutual Ventures

Nationwide Ventures

Rationalwave Analytics

Viola Ventures

Motive Partners

Hearst Ventures

Viola Fintech

Viola Growth

Moneta VC

Fort Ross Ventures

MTech Capital

Fintech

Financial Services

Insurify

urbazon / Getty ImagesIf you purchase one of the top 10 bestselling cars in America for 2023, you may think you’re getting a bargain. After all, many of them have a lower-than-average sticker price. Brands like Toyota and Honda also receive high marks for reliability, making them an excellent value.See: Don’t Buy a Car at a Dealership on This Day of the WeekMore Bang for Your Buck: These 20 Cars Will Last You Twice as Long as the Average VehicleBut a new report from Insurify revealed that these vehicles also come with a surprising hidden cost. The 10 bestselling cars in the U.S. are also among the 10 most stolen cars, and that drives up their auto insurance rates to 44% more than the national average.Be Aware: 6 Used Cars To Stay Away FromAccording to Insurify data, the average cost to insure a motor vehicle is $172, while the average cost to insure these 10 bestselling vehicles is $249.Does the added insurance cost justify the purchase of one of these vehicles? It might, if you consider that they cost almost 40% less, on average, than the overall average price of a new vehicle, according to Insurify, citing Kelley Blue Book.Take a look at the chart below to see the 10 bestselling cars and how much they cost to insure, on average.Vehicle Average Monthly Cost To Insure Ford F-Series $253 Toyota RAV4 $264 Honda CR-V $206 Toyota Camry $285 Toyota Tacoma $258 Toyota Highlander $231 Toyota Corolla $285 Hyundai Tuscon $200 Honda Accord $278 Ford Explorer $234Why Is Insurance So High on These Vehicles?The high insurance costs could due to a variety of factors, including, in some cases, the demographics of the drivers. “Toyota’s higher insurance costs may be influenced by age,” Insurify writer Cassie Sheets said

America'S Bestselling Cars In 2023 Are Also Among The Most Stolen (And More Expensive To Insure)

Insurify, Inc. (“Insurify”), America’s top-rated virtual insurance agent for comparing, buying, and managing insurance, has entered a multi-year agreement with auto finance leader Santander Consumer USA Inc. (“Santander Consumer”) to provide Santander’s customers with access to Insurify’s digital auto and home insurance comparison and shopping experience.The agreement between Santander Consumer, part of global banking leader Banco Santander, leverages Insurify’s industry-leading artificial intelligence technology to offer customers access to personalized insurance recommendations from A-rated insurers. Santander’s customers have the ability to purchase policies either digitally or over the phone through a licensed Insurify agent. This agreement allows Santander to deepen its relationships with its existing customers by offering a new product that meets their needs.“We are excited to partner with Santander Consumer to provide their customers with personalized quotes from multiple insurance carriers in one place,” said Insurify CEO Snejina Zacharia. She continued, “Santander’s customers will now be able to find savings and make the best decision for their auto insurance needs, in minutes

Insurify Partners With Santander Consumer To Offer Its Customers A Digital Auto & Home Insurance Marketplace

Insurify <i class="fa fa-info-circle company-popover" data-content="h3Insurify/h3.                 div.                     table

Insurify Partners With Santander Consumer

Effective immediately, Santander's customers have the ability to purchase policies digitally or through a licensed Insurify agentCAMBRIDGE, Mass., Sept. 21, 2023 /PRNewswire-PRWeb/ -- Insurify, Inc. ("Insurify"), America's top-rated virtual insurance agent for comparing, buying, and managing insurance, has entered a multi-year agreement with auto finance leader Santander Consumer USA Inc. ("Santander Consumer") to provide Santander's customers with access to Insurify's digital auto and home insurance comparison and shopping experience.We are excited to partner with Santander Consumer to provide their customers with personalized quotes from multiple insurance carriers in one place...The agreement between Santander Consumer, part of global banking leader Banco Santander, leverages Insurify's industry-leading artificial intelligence technology to offer customers access to personalized insurance recommendations from A-rated insurers. Santander's customers have the ability to purchase policies either digitally or over the phone through a licensed Insurify agent. This agreement allows Santander to deepen its relationships with its existing customers by offering a new product that meets their needs."We are excited to partner with Santander Consumer to provide their customers with personalized quotes from multiple insurance carriers in one place," said Insurify CEO Snejina Zacharia

Insurify- DriveSmart has partnered with Insurify to offer a new service that allows customers to compare auto insurance quotes in less than five minutes.

DriveSmart Introduces New Business: DriveSmart.Auto

Ualett partners with Insurify to go beyond cash advances and bring gig economy workers access to insurance solutions.

Ualett partners with Insurify to go beyond cash advances and bring gig economy workers access to insurance solutions

Financial professionals who choose to affiliate with. MassMutual <i class="fa fa-info-circle company-popover" data-content="h3MassMutual/h3. div

Massmutual Partners With Insurify

MassMutual Ventures (MMV), a global venture capital firm whose sole limited partner is MassMutual, initially invested in Insurify in 2016 and has participated in subsequent financings as the company has scaled.

MassMutual Teams Up With Insurify To Add Property And Casualty Insurance To Its Shelf of Offerings

SPRINGFIELD, Mass.--(BUSINESS WIRE)--Financial professionals who choose to affiliate with MassMutual can now offer their clients property and casualty (PC) insurance, both personal and commercial lines, available through Insurify, America’s top-rated insurance comparison platform. This is one of the latest additions to MassMutual’s suite of wealth management and protection solutions. “Those that seek to build wealth must address the myriad risks that can sabotage value over a long period, and property and casualty insurance is an important piece of the backbone of wealth protection and financial security,” said Vaughn Bowman, CFA, head of wealth management with MassMutual. “With the addition of PC insurance through Insurify to our robust mix of wealth management and protection solutions, we have yet another valuable option for financial professionals affiliated with MassMutual as they seek to offer the best possible advice and financial strategies to their clients.”

Massmutual Teams Up With Insurify To Add Property And Casualty Insurance To Its Shelf Of Offerings

As car prices moderate from a pandemic-era surge, insurance has pushed the cost of car ownership to the brink for many Americans.New data out this week showed auto insurance costs rose 20.6% from the prior year in February, matching January's increase as the most since December 1976, when costs rose 22.4% over the prior year.On an annual basis, motor vehicle insurance costs rose 17.4% in 2023, the most since a 28.7% increase in 1976, according to data from the BLS.The sticker shock hitting many American drivers is being driven by a rise in accidents, the severity of accidents, and geographical factors combining to create a perfect storm and push costs higher.Read more: Tips for getting cheap car insurance'Severity' and bodily injury claims on the riseThe most alarming factor driving insurance costs higher is more severe claims."In general, the numbers of crashes, injuries, and fatalities are up, and inflation has made the cost of repairs more expensive," AAA spokesperson Robert Sinclair told Yahoo Finance.Sinclair said motorists developed "bad habits" on the road during pandemic lockdowns, contributing to current behavior. For example, as the New York Times reported earlier this year, researchers in Nevada discovered that during the pandemic, motorists were speeding more (and driving through intersections), seat belt use was down, and intoxicated driving arrests were up to near historic highs.Sinclair also pointed to NHTSA data, which found that in 2021, at the height of the pandemic, road fatalities increased by 10.5% to their highest level since 2005, even while most Americans stayed at home. The NHTSA said it was the highest percentage increase it had ever seen. The agency found that fatalities in 2022 only decreased by 0.3% as compared to 2021.Insurance tech firm Insurify found that auto insurance premium hikes were "largely due to the skyrocketing price of auto parts and the increasing number and severity of claims." And while increases may moderate, analysts still believe further premium hikes are on the horizon.Story continues"While the magnitude of rate increases is likely to ease somewhat, after several years of double-digit increases, some lingering claim cost inflation and adverse claim severity and frequency will likely lead to a 'higher for longer' auto rate environment,” CFRA analyst Cathy Seifert told Yahoo Finance.Not surprisingly, severe accidents leave insurance companies with rising loss ratios, or a share of premiums collected that insurers paid out in claims."Broadly speaking, severity in [the] auto [business] is running mid- to high-single digits — think closer to mid in the vehicle severity, think closer to high in bodily injury — and so that's sort of where trends are running today," Travelers (TRV) personal insurance president Michael Klein said during the insurance giant's latest earnings call in January."We've seen a bit of a mix shift towards more bodily injury claims, which is one of the things that has us keeping our severity trend estimates at that sort of elevated level," Klein added.In response, Travelers increased premiums, especially for customers renewing their policies. In the fourth quarter, its renewal premium price change was a whopping 16.7% in its auto business, contributing more than $2 billion of additional premium into the segment compared to the same quarter last year.GEICO, the cost-conscious insurer owned by Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B), also felt the effects of those rising severity claims.The second-largest auto insurer in America behind only State Farm, GEICO was hit by six consecutive quarters of underwriting losses beginning at the height of the pandemic. The company has since responded with more aggressive policy writing, trimmed marketing budgets, and higher premiums.GEICO eventually earned $3.64 billion before taxes from underwriting in 2023, but the trend of higher severity of claims remains.Shareholders pose for a picture with a Geico mascot at the Berkshire Hathaway annual shareholder's meeting on April 30, 2022, in Omaha, Neb

Why Auto Insurance Costs Are Rising At The Fastest Rate In 47 Years

Digital platform for insurance comparison

Insurify

Digital platform for insurance comparison

Insurify

Digital platform for insurance comparison

About

Simplify's Take

What believers are saying

What critics are saying

What makes Insurify unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

Insurify is Hiring for 0 Jobs on Simplify!