Insurify

Insurify

Digital platform for insurance comparison

About Insurify

Simplify's Rating
Why Insurify is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$149.8M

Headquarters

Cambridge, Massachusetts

Founded

2013

Overview

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 that users receive reliable information and support.

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Simplify's Take

What believers are saying

  • Partnerships with Santander and MassMutual expand Insurify's market reach.
  • Rising auto insurance premiums increase demand for comparison platforms like Insurify.
  • AI-driven personalization enhances customer experience and retention.

What critics are saying

  • Increased competition from new digital insurance platforms like DriveSmart.Auto.
  • Rising auto insurance costs may deter potential customers.
  • Dependency on key partners like Santander could be risky if partnerships dissolve.

What makes Insurify unique

  • Insurify uses AI and chatbots for personalized car insurance recommendations.
  • The platform offers real-time quotes from multiple insurance providers.
  • Insurify's user-friendly interface simplifies comparing and purchasing insurance.

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Funding

Total Funding

$149.8M

Above

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

401(k) Company Match

Unlimited Paid Time Off

Paid Family Leave

Generous company holiday calendar

Learning & Development Stipends

Catered lunches in the office

Social impact volunteer time

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-3%

2 year growth

0%
CNHI News
Oct 26th, 2024
DriveSmart Introduces New Business: DriveSmart.Auto

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

PR Newswire
Sep 10th, 2024
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.

Coverage
Apr 17th, 2024
Massmutual Partners With Insurify

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

LifeHealth
Apr 16th, 2024
MassMutual Teams Up With Insurify To Add Property And Casualty Insurance To Its Shelf of Offerings

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.

Business Wire
Apr 16th, 2024
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.”

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