Insurify's AI report: 86% of Americans would trust AI to help them buy car insurance
And more than two-thirds of drivers (68%) would let AI secure them a policy with a new insurer if doing so could save them $1,000 annually, according to Insurify’s inaugural AI Insurance Report.
It’s no secret that car insurance is expensive for many Americans. The average driver pays $2,310 per year for full-coverage car insurance, according to Insurify data. And picking the wrong policy could leave them overpaying or underprotected. Insurify’s inaugural AI Insurance Report reveals that many drivers now trust AI-powered policy comparisons to find savings and better understand key policy decisions.
More than 2 in 5 drivers (42%) said they’ve used AI assistants to help shop for car insurance, including 60% of Gen Z, according to Insurify’s survey of 3,002 American drivers.
More than three-quarters of Americans surveyed (76%) believe AI can simplify the process of shopping for car insurance. And 86% would trust AI to help them buy car insurance in one way or another, such as comparing quotes or explaining coverage in plain language.
Some drivers are willing to hand the wheel over to AI entirely when it comes to car insurance — 39% of drivers say they would trust AI to secure them a policy with a new insurance company if it finds a lower price. That figure rises to 68% if it could save them $1,000 a year on car insurance.
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