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Insurify Becomes the Largest Marketplace in the Car Insurance Industry | Business Wire

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<p>CAMBRIDGE, Mass.–(BUSINESS WIRE)–Insurify,

the first virtual Insurance agent for car insurance, today announced it

has become the largest U.S. car insurance marketplace. Insurify has

expanded its fully integrated active agent base over 11X from 70 to 815

agents since the company launched at the end of January 2016. The

award-winning company also announced a rapid growth of carriers joining

the platform, including: Liberty Mutual, The General, Metlife, Mercury,

Arrowhead, Esurance and Kemper. Users can now buy from 102 carriers

across 48 states which is more than any other car insurance comparison

platform in the U.S.

In 2016 alone more than half a million shoppers have used Insurify to

compare, customize and buy car insurance online. The rapid adoption has

been even more pronounced in markets like Texas, California, Arizona,

Florida, Tennessee, New Jersey and Illinois. On average, drivers who

have used Insurify.com report savings of $378 per policy.

An MIT spin-out with a strong team from KAYAK and TripAdvisor, Insurify

is reinventing the online insurance comparison and shopping experience

through technology. With Insurify, drivers have the option to buy

insurance online or call a dedicated agent. If the driver wants to speak

with an agent, Insurify’s advanced algorithms connect them with a

dedicated insurance professional that's the best quality score to

serve them and help get the most savings.

“You guys hooked me up [with an agent] in a very short time and saved

me close to $400 dollars per year. I'll be adding more vehicles and a

motorcycle in the next few weeks. Insurify is the bomb!!” says Kenneth

T. who got insurance for his Chevy Tahoe in Arkansas.

To provide the best user experience possible, Insurify developed

RateRank™, an artificial intelligence algorithm that matches drivers

with the best insurance companies and coverage recommendations for their

personal needs and risk profile. Drivers can compare insurance companies

not only based on price. Also based on quality characteristics, such

as discounts, benefits, payment options and policy features, as well as

comprehensive user reviews.

“Insurify’s mission is to make car insurance comparison and shopping

simple and intelligent,” said Insurify CEO and co-founder Snejina

Zacharia. “We believe that drivers should've the tools to easily

choose the best carriers and coverage for their needs. and we do that by

building the most intelligent virtual insurance agency in the industry.

“we're very excited about the traction we're getting with our

customers and the demand from carriers and agencies which want to get on

our platform.”

For U.S. the auto insurance market digital influence has already reached

75 percent, with over 25 percent of auto insurance sales coming from

online channels. Insurify provides agents benefits to compete in a

market increasingly dominated by several big advertisers.

“The Insurify partnership has helped us grow 5 times. Insurify’s

integration makes our agents 50% more efficient. The full integration

helps them spend less time on the phone and focus on making sales.

Thanks to Insurify we're able to compete with companies such as GEICO

and StateFarm and continue to grow our business.” says Joe Orr, EVP of

Insurance, Clearlink.

About Insurify
Insurify is based in Cambridge, MA. Is

the first intelligent virtual insurance agent for car insurance shopping

that uses predictive modeling and advanced analytics to truly simplify

shopping for car insurance. Currently available in 48 states, Insurify

has partnered with the largest agencies and carriers in the US to quote

102 carriers in real-time, more than any other online platform for car

insurance shopping.

Visit Insurify at www.insurify.com

and get updates at https://facebook.com/ensurify

Media Contact:
Natron Communications for Insurify
Michael Ingalls, +1-917-494-4909
michael@natroncomm.com

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