Insurance rates are projected to rise as much as 61% by the end of the year. Insurify analyzed its database of 97 million real insurance policy quotes and found: •Auto insurance surged 15% to an average $2,329 nationally in the first half of 2024. •Insurify projects auto insurance will rise a total of 22% to $2,469 nationally by the end of 2024. •Insurify projects California, Missouri, and Minnesota could see car insurance costs increase by more than 50% in 2024. Read the full report: https://lnkd.in/g6TrYAwm #inflation #affordability #postcovid #autoinsurance #legislation #cars #driving
Insurify
Technology, Information and Internet
Cambridge, Massachusetts 7,012 followers
Insurify is a virtual insurance agent powered by Artificial Intelligence and predictive analytics.
About us
Warning Fraudulent Job Adverts: Beware of fraudulent activities claiming to represent Insurify. We are not associated with any entities soliciting personal information or payment. The safety of our job seekers is a top priority, and we actively work to prevent such incidents. Insurify will never request sensitive information or payment during the hiring process. Be cautious of text-only interviews, interviews conducted through Microsoft Teams, or suspicious offer letters. If you receive a suspicious request regarding a career opportunity at Insurify, please report it to: [email protected]. See how much you could save 🤑 https://insurify.com/ Insurify is the smart, virtual insurance platform for your auto, home, and life insurance needs. We're powered by a robust technology suite that provides fast, accurate, and personalized recommendations and quotes to help you make confident decisions about your insurance coverage and carrier. Save up to $400/year. Featured on @WSJ @TechCrunch @Forbes @lifehacker @CNET
- Website
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https://insurify.com/
External link for Insurify
- Industry
- Technology, Information and Internet
- Company size
- 51-200 employees
- Headquarters
- Cambridge, Massachusetts
- Type
- Privately Held
- Founded
- 2013
- Specialties
- car insurance, predictive modeling, comparison shopping, artificial intelligence, language processing, chatbots, fintech, insurance, insuretech, life insurance, home insurance, and customer acquisition
Locations
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Primary
222 3rd St
Cambridge, Massachusetts 02142, US
Employees at Insurify
Updates
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Insurify reposted this
Elizabeth Guevara of Investopedia does a great communicating how severe storms like Hurricane Beryl are driving up the cost of home insurance. “This year, the average insurance costs are expected to be $2,522 and they are predicted to increase by 6% over last year, according to a study by insurance marketplace Insurify,” says Guevara. See comments for a link to the study. https://lnkd.in/gw2Z3cWv #personalfinance #hurricaneberyl #homeaffordability #homeinsurance
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Elizabeth Guevara of Investopedia does a great communicating how severe storms like Hurricane Beryl are driving up the cost of home insurance. “This year, the average insurance costs are expected to be $2,522 and they are predicted to increase by 6% over last year, according to a study by insurance marketplace Insurify,” says Guevara. See comments for a link to the study. https://lnkd.in/gw2Z3cWv #personalfinance #hurricaneberyl #homeaffordability #homeinsurance
What You Need to Know About Homeowners Insurance as Beryl Kicks Off Hurricane Season
investopedia.com
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The Propel partnership gives us the opportunity to reach and support a deserving community with affordable insurance options. We are proud to have helped over 10,000 Providers members purchase insurance policies. If you are interested in learning more about how an Insurify partnership can help your consumers with their insurance needs, please reach out: [email protected] #b2bpartnership #insurance
Insurify & Propel: Impactful solutions with real-life outcomes 🤝 tl;dr: Since 2021, over 10,000 Providers users have purchased insurance policies through Insurify—50% of whom were previously uninsured. Propel, Inc builds technology to equip low-income Americans to easily manage their finances, and we amplify our impact when we partner with companies that align with this vision. Today we’re excited to share a new case study outlining our partnership with Insurify and their mission of empowering consumers to save money and make better-informed decisions about their insurance coverage. Insurify was founded to make insurance equitable, transparent, and affordable regardless of background. They built their product and partnerships to ensure this group would have carrier, coverage, and pricing options. Propel offered Insurify unprecedented access to a relevant, receptive audience on a platform they already used to support their financial wellness—our app, Providers.. Insurify began partnering with us in early 2021. 🗣 "Our partnership with Propel goes beyond business metrics; it's about making a tangible difference in people’s lives," says Snejina Zacharia, CEO of Insurify. "When we hear that someone can now insure their family car because of our affordable options, it reinforces our commitment to our community. These stories are at the heart of our mission and guide us forward." 🔗 To learn more about how Propel can support your mission, check out our website or drop us an email: 📧 [email protected] 🌐 www.joinpropel.com Together, we're proving how successful companies can be when they collaborate to empower and support their customers!
Propel | Improving America's safety net | United States
joinpropel.com
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Insurify reposted this
Nicole Friedman gives us a necessary, but unfortunate glimpse into the struggles of homeownership today. While many are focused on high mortgage rates, it is the hidden costs of homeownership, that in extreme cases, is driving homeowners out of their homes. Nicole points to Insurify data, saying “Insurify expects average home-insurance costs to rise by more than 10% in eight states this year, including Louisiana, Maine and Michigan.” When reading the article, you get emotional insight into how this is impacting real homeowners in these high-risk areas. Nicole opens the door to one man story of selling an inherited vacation home. “Two accepted offers for the inherited property fell through before closing. It finally sold in December but for about 17% below its initial listing price. Kissee said he had to offer the new owner a type of contract enabling the buyer to pay in installments, because the buyer couldn’t qualify for a traditional mortgage due to the insurance costs.” #homeinsurance #newnormal #homeownership #costofliving #insurance #climatechange
The costs of owning a home—including for insurance, property taxes and maintenance—keep going up. “I was so sticker-shocked,” a homeowner told me, after his home insurance bill rose 63% in two years. How have your non-mortgage homeownership costs changed in recent years?
The Hidden Costs of Homeownership Are Skyrocketing
wsj.com
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Thank you Mass Fintech Hub for the opportunity to share my story!
Founder and CEO at Insurify and Mass Fintech Hub Advisory Board Member Snejina Zacharia shares her experience as a first-time #entrepreneur and lessons she learned as a woman and an immigrant founder raising capital. Read this article by Conner Forrest on TechRepublic for #tips for #startupfounders navigating the challenging entrepreneurial journey. https://lnkd.in/etVNKr4m
3 Ways Startup Founders Can Get Reinspired to Change the World | TechRepublic
https://www.techrepublic.com
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Insurify in the news!
Our story today on rising Home Insurance rates Fox Business Network Gerri Willis Good Greek Moving & Storage Insurify
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Insurify is thrilled to announce a partnership with MassMutual. "We created a customized platform and tools for MassMutual-affiliated financial professionals to compare quotes and buy money-saving auto, home, and commercial insurance policies online or through our dedicated MassMutual agency,” said Insurify CEO and founder, Snejina Zacharia. “With the addition of P&C 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,” said Vaughn Bowman, CFA, head of wealth management with MassMutual. https://lnkd.in/grXXSk3t #embeddedinsurance #massmutual #compareinsurance #insuranceinnovation #affordability
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Insurify's Jessica Edmondson was featured on CNBC today: https://lnkd.in/enQ7FStK
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