Insurify News

Soaring Insurance Costs Hit as US Buyers Finally Get a Break on Car Prices

A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, …

US Home Insurance Premiums May Hit a Record This Year, Report Warns

US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners insurance in the US is …

Report: Auto Insurance Premiums Rise 17% in H1 of 2023

Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent platform Insurify’s Q3 2023 Mid-Year Auto Insurance Trends Report. In the first six months of this year, car insurance premiums …

Virtual Auto Insurance Agency Insurify Raises $23M; Will Expand Into Home, Renters, Life

Digital auto insurance comparison agency Insurify announced it is expanding into home, renters and life insurance comparison. To help drive its expansion, the Cambridge, Mass.-based company said it has raised $23 million in Series A funding, led by MTech Capital …

Virtual Insurance Agent Insurify with License Plate Quote Feature Raises $2 Million

Consumers will soon be able to simplify the buying of auto insurance by snapping a photo of their license plate and texting it to a phone number provided by the new site, Insurify.com, which will then generate price quotes. The …