Cheap Auto Insurance in New York City (2024)

CSAA offers the cheapest rates for Big Apple drivers. Its minimum-coverage policies start at $152 per month.

Janet Berry-Johnson
Janet Berry-Johnson
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Janet applies her experience in personal finance, taxes, and accounting to make complex financial topics accessible. Her byline has appeared on numerous web media.

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Katie PowersAuto and Life Insurance Editor
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  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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  • Clinical Professor of Finance, University of San Diego

Dan is a well-recognized and widely quoted financial services expert, regularly appearing in a variety of national and local media as a subject matter expert.

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Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Updated September 10, 2024

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Whether you’re a longtime resident or just moved to the Big Apple, buying car insurance in New York City can involve some sticker shock. As one of the world’s most populated cities, its risk of car accidents is high. Insurers recognize this and charge higher premiums to account for the increased risk.

Car insurance in New York City averages $378 per month for full coverage and $339 for minimum coverage. That’s higher than both the New York state and national averages. The national average cost for full coverage is $211 per month and $104 per month for liability-only policies. At the state level, New York’s averages are $266 and $207, respectively.

New York state has the highest car insurance costs in the country, and New York City is one of the most expensive cities in the state for auto coverage, according to Insurify data. New Yorkers looking to save on car insurance should start by comparing multiple quotes to find the most affordable coverage available to them.

Quick Facts
  • CSAA and Safeco are the cheapest insurers for New York City drivers.

  • New York City had nearly 15,000 traffic accidents in 2022, according to New York state data.[1]

  • The average annual cost of full-coverage car insurance in New York city is 67% higher than the national average cost of car insurance, Insurify data shows.

Best car insurance companies in New York City

Safeco, CSAA, and Nationwide are some of the best insurance companies in New York City, and each provides unique benefits. CSAA is one of the cheapest companies, Safeco offers perks for new-car owners, and Nationwide is great for bundling discounts.

But the best insurer for you may not be on this list. Always compare quotes from multiple companies before buying a policy.

Insurance Company
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
Full Coverage
Liability Only
Best For
CSAA7.6$183$121Cheap rates
Safeco8.3$187$162Discounts
Nationwide8.7N/AN/ALow-mileage drivers
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Best insurer for cheap rates: CSAA

Compare personalized, real-time quotes
User Reviews
3.4
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
7.6/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$121/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$183/mo

CSAA is a regional insurer serving New York and 15 other states. The company offers auto, homeowners, and other types of insurance to AAA members. With rates significantly lower than some competitors, CSAA may be a good option for AAA members or anyone who wants to join AAA.

Pros
  • Lowest rates for New York City drivers

  • A+ (Superior) financial strength rating from AM best

Cons
  • Limited to AAA members

  • No ratings on Trustpilot

Read more driver reviews of CSAA
Brian - September 10, 2024
Verified

Excellent

Excellent

Richard - September 10, 2024
Verified

Unhappy Client

I switched my car and house insurance to AAA and was initially happy with how the transition went. However, I later received a letter stating that my homeowner's insurance was canceled. My roof was replaced just 9 years ago and there's nothing wrong with it. I had no problems with Travelers. Now, I have to search for new insurance.

Victoria - September 10, 2024
Verified

Unhappy with AAA

I'm not happy! My policy was increased by $950.00 from last year. We made no claims, our cars are all one year older, and we are both over 65.

Best insurer for discounts: Safeco

Compare personalized, real-time quotes
User Reviews
3.4
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.3/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$162/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$187/mo

A Liberty Mutual company, Safeco is a quality insurer that sells coverage in most U.S. states, including New York. The company has some of the most affordable auto insurance in the city on average and a few unique savings opportunities, including accident forgiveness, claims-free cash back, and a diminishing deductible.

Pros
  • Dozens of local insurance agents in the New York City area

  • Mobile app makes it easy to pay bills, manage claims, download ID cards, and more

Cons
  • Above-average number of customer complaints filed with the National Association of Insurance Commissioners (NAIC) complaint index

  • Must purchase a policy through a local agent

Read more driver reviews of Safeco
Stanley - September 10, 2024
Verified

Not Happy

They are continually raising rates. It seems like someone's not making enough money.

Norman - September 9, 2024
Verified

Avoid this company unless you have a large budget!

I haven't had a claim, yet my rates increased by approximately 20-30% a year ago. Additionally, my homeowners insurance went up by 65% this year. I'm done with Safeco!

Felipe - September 9, 2024
Verified

Fine

They raised premiums without explanation.

Best insurer for low-mileage drivers: Nationwide

Compare personalized, real-time quotes
User Reviews
3.3
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.7/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$84/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$185/mo

Nationwide is one of the largest auto insurers in the U.S., and it has a lower-than-average number of complaints filed with the NAIC, which indicates many customers are happy with its coverage and service. The company has more than a dozen available discounts and ample auto insurance products for New York City drivers to choose from.

Pros
  • A+ (Superior) financial strength rating from AM Best

  • Only a few customer complaints were filed in New York, per the NAIC

Cons
  • Below-average customer satisfaction ranking in J.D. Power’s 2023 U.S. Auto Insurance Study

  • More expensive premiums than some competitors in New York

Read more driver reviews of Nationwide
Shelley - September 10, 2024
Verified

Great

I would highly recommend this.

Charles - September 9, 2024
Verified

Nationwide dropped me because I didn't disclose my fiancé in the household

I can't reach them directly. I have to go through a third party. When transferring car insurance from one car to another, I can't reach them to do it. What happens if I get into an accident?

Malarie - September 9, 2024
Verified

High Rates on Liability for Car Insurance

Nationwide has more expensive rates on liability compared to others. I would not recommend using them specifically for car insurance.

How to get the cheapest car insurance in New York City

Car insurance companies base their rates on several factors, including your age, the year, make, and model of your vehicle, your credit history, and your ZIP code.

You might have little control over some of these factors, but the following strategies can help you keep your auto insurance costs low:

  • Select a higher deductible. Opting for a higher deductible for your comprehensive and collision coverage means you agree to pay more out of pocket when you have a claim, but it’ll decrease your premium.

  • Bundle insurance policies. Many insurance companies offer discounts for policyholders who buy two or more policies. You may qualify for a discount if you bundle your auto policy with a homeowners or renters policy, life insurance, umbrella, or other policies.

  • Take advantage of other discounts. Many auto insurance companies offer discounts to drivers who install anti-theft devices or maintain good credit or a clean driving record. Ask your agent about any available discounts you’re eligible for.

  • Compare quotes. Rates vary from company to company, so shopping your policy with several different insurance companies is a good way to find the best rate.

Cheapest liability-only car insurance in New York City: CSAA

Liability-only car insurance is a kind of policy that only covers damages or injuries that you cause to other people in a motor vehicle accident. It doesn’t cover damages to your own car or personal injuries in case of an accident.[2]

The table below outlines the best options for motorists in New York City seeking the most affordable liability-only coverage.

Insurance Company
Average Monthly Quote
CSAA$152
Safeco$194
Liberty Mutual$226
Progressive$283
Erie$380
USAA$396
Travelers$463
Bristol West$469
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest full-coverage car insurance in New York City: Safeco

Full-coverage auto insurance includes liability insurance and also covers damage to your own vehicle and injuries you and your passengers sustain through collision and comprehensive coverage.

The table below shows the insurance companies offering the cheapest full-coverage auto insurance in New York City.

Insurance Company
Average Monthly Quote
Safeco$221
CSAA$229
Liberty Mutual$335
Progressive$390
Erie$526
Bristol West$535
USAA$547
Travelers$640
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Car insurance requirements in New York

You must show proof of car insurance to register a vehicle in New York State and maintain that coverage to prevent suspension of your vehicle registration.[3]

The table below shows the minimum-coverage levels required by law in the Empire State:

Coverage
Minimum Requirements
Bodily injury liability
  • $25,000 for bodily injury / $50,000 for death for one person involved in an accident
  • $50,000 for bodily injury / $100,000 for death of two or more people involved in an accident
Property damage liability$10,000 per accident

You may want to consider increasing your coverage beyond the minimum limits required by the state and adding one or more of the following optional coverages:

  • illustration card https://a.storyblok.com/f/162273/x/7b43b14514/damage-from-aircraft.svg

    Collision coverage

    Collision coverage reimburses you for damage to your own vehicle due to a collision with another vehicle or object.

  • illustration card https://a.storyblok.com/f/162273/x/665da91bf7/comprehensive-coverage.svg

    Comprehensive coverage

    Comprehensive insurance reimburses you for theft or damage to your car due to events other than a collision, such as theft, vandalism, or hail.

  • illustration card https://a.storyblok.com/f/162273/x/4c9753bdbe/medical-payments.svg

    Medical payments coverage

    This coverage provides reimbursement for medical expenses for injuries to you or your passengers involved in an accident.

  • illustration card https://a.storyblok.com/f/162273/150x150/95fa30ac35/insurify-icons-auto-orange-96x96_005-insurance.svg

    Uninsured/underinsured motorist coverage

    These coverages protect you if a driver hits you without enough insurance to cover your bodily injury or property damage.

  • illustration card https://a.storyblok.com/f/162273/x/73ee7a876e/repair.svg

    Gap coverage

    This pays the difference between the fair market value of your vehicle and what you owe on your auto loan if you total it in an accident or someone steals it.[4]

Is car insurance more expensive in New York City?

Car insurance is more expensive in New York City than the national average and many other cities in New York State. Part of the reason for the higher rates is due to the population density in the city. Areas with higher populations tend to have more cars on the road, meaning drivers are more likely to have an accident.

Urban areas also tend to be more expensive for car insurance because they have higher crime rates. Insurance companies increase rates in places where your car is more likely to face vandalization or theft.

Cheapest car insurance for New York City drivers with an incident

An incident is an event that can affect the cost of your car insurance, such as a speeding ticket, driving under the influence (DUI), at-fault accident, or other moving violations.

Insurance companies tend to increase your rates if you have an incident on your driving record because they indicate that you’re a more risky driver.

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Cheapest car insurance for drivers with a speeding ticket: CSAA

Even one speeding ticket can increase your car insurance rates. Speeding through congested streets is especially dangerous, and the Big Apple’s average car insurance rates for people with speeding tickets reflect this. On average, a speeding ticket pushes car insurance rates in New York to $410 per month for full coverage and $367 for minimum coverage, Insurify data shows.

Still, several companies in New York offer competitive rates for drivers with a speeding ticket on their record. The following table lists a few insurance companies and their average monthly liability-only quotes for drivers with a speeding ticket.

Insurance Company
Average Monthly Quote
CSAA$171
Safeco$219
Liberty Mutual$254
Progressive$319
Erie$428
USAA$446
Travelers$521
Bristol West$528
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with an at-fault accident: CSAA

Finding affordable car insurance after an at-fault accident can be difficult, but it’s not impossible. While many insurers will increase your rates, some still offer accident forgiveness and affordable rates.

New York City drivers with at-fault accidents on their driving records see average car insurance rates of $428 per month for full coverage and $384 for liability only.

The table below shows the cheapest liability insurance for New York drivers who have a past at-fault accident on their record.

Insurance Company
Average Monthly Quote
CSAA$171
Safeco$218
Liberty Mutual$253
Progressive$318
Erie$427
USAA$445
Travelers$520
Bristol West$527
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with a DUI: CSAA

Finding affordable car insurance after a DUI is especially challenging because many insurance companies refuse to insure drivers who have a DUI conviction. And those that do offer coverage typically charge you higher rates.

You may also need to get an SR-22 certificate. This is a form from your insurance company proving you have the minimum required insurance coverage.[5]

A DUI pushes the average monthly cost of car insurance in New York City to $504 for full coverage and $452 for liability. The table below shows the cheapest car insurance for New York City drivers with DUIs on their driving records.

Insurance Company
Average Monthly Quote
CSAA$202
Safeco$257
Liberty Mutual$298
Progressive$375
Erie$503
USAA$524
Travelers$613
Bristol West$621
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
How Long Does a DUI Stay on Your Record?

How Long Does a DUI Stay on Your Record?

Cheapest car insurance for seniors in New York City: CSAA

Experienced drivers tend to be safer on the road, so insurance companies often decrease rates for drivers once they reach age 35. But they tend to increase rates again around age 70.

Drivers 70 and older have more fatal crashes per mile traveled than middle-aged drivers, according to the Insurance Institute for Highway Safety (IIHS). Insurance companies increase rates to account for the added risk.[6]

The average monthly cost of car insurance for senior drivers in New York City is $309 for full coverage and $277 for minimum coverage. The following table lists the companies with the lowest average monthly car insurance premiums for senior drivers in New York City.

Insurance Company
Average Monthly Quote
CSAA$123
Safeco$157
Liberty Mutual$183
Progressive$229
Erie$308
USAA$321
Travelers$375
Bristol West$380
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for teens in New York City: CSAA

Auto insurance rates for teen drivers are typically much higher than those for adults. Young drivers have little driving experience and are prone to taking more risks, putting them at a higher risk of having an accident.

Some ways to save on the cost of coverage include staying on your parents’ insurance policy and taking advantage of discounts, such as those for being a good student and taking a defensive driving course.[7]

Teen drivers in New York face average car insurance rates of $680 per month for full coverage and $610 for liability-only policies. The table below shows companies offering the lowest monthly prices on auto insurance for teen drivers in New York City.

Insurance Company
Average Monthly Quote
CSAA$274
Safeco$350
Liberty Mutual$406
Progressive$510
Erie$685
USAA$713
Travelers$834
Bristol West$845
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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New York City car insurance quotes by credit tier

New York State allows insurers to consider your credit-based insurance score when underwriting auto insurance policies. Credit can significantly affect car insurance rates, as insurance companies use consumer credit information to help them evaluate risk. Drivers with excellent or good credit generally pay lower rates than drivers with poor credit.[8]

The chart below shows the average New York City car insurance premiums by credit tier to help you better understand how your credit history could affect your rate.

Rates by Credit Tier

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

New York City car insurance FAQs

Finding the right car insurance can be challenging. Below, you’ll find answers to some commonly asked questions about how to find the best car insurance in New York City.

  • How much is car insurance in New York City?

    New York City’s average car insurance costs are $378 per month for full coverage and $339 for minimum coverage. By comparison, the state averages are $266 and $207, respectively.

    Both the city and state averages are higher than the national averages of $211 for full coverage and $104 for minimum coverage.

  • What are the best car insurance companies in New York City?

    With an Insurify Quality (IQ) Score of 7.6 out of 10 and an AM Best financial strength rating of A+ (Superior), CSAA is the best car insurance company in New York City. Of the insurers Insurify has rate data for, other top New York City insurers include Safeco and Nationwide.

  • How much does car insurance cost in NYC for a new driver?

    Car insurance for new drivers is expensive anywhere, especially for teens and drivers younger than 25. In New York City, teen drivers pay an average of $680 per month for full-coverage car insurance and $610 for liability-only coverage.

  • Is car insurance cheaper in New Jersey or New York?

    Car insurance is much cheaper in New Jersey than in New York City. New Jersey drivers pay an average of $230 per month for full-coverage car insurance and $120 for liability-only policies.

    New York City drivers pay an average of $339 per month for liability coverage and $378 for full coverage.

  • Why is auto insurance so high in NYC?

    The cost of auto insurance is so high in New York City for various reasons, including its population density, crime rate, and traffic. It’s a very busy city, with so many people traveling in and around it each day, so the likelihood of getting into an accident is much higher than in smaller cities and suburban areas. Insurers recognize this and charge higher rates to account for that risk.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

  • Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
  • Property damage limits between $10,000 and $50,000
  • No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • Comprehensive coverage with a $1,000 deductible
  • Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

  1. New York State. "DATA.NY.GOV."
  2. Insurance Information Institute. "Auto insurance basics—understanding your coverage."
  3. New York State Department of Motor Vehicles. "New York State Insurance Requirements."
  4. Insurance Information Institute. "What is auto insurance?."
  5. Kelley Blue Book. "SR-22 Insurance: What is it and How Does it Work?."
  6. Insurance Institute for Highway Safety. "Older drivers."
  7. Insurance Information Institute. "Auto insurance for teen drivers."
  8. New York State Department of Financial Services. "Applying for Auto Insurance."
Janet Berry-Johnson
Janet Berry-Johnson

Janet Berry-Johnson, CPA is a freelance writer with a background in accounting and income tax planning and preparation. She's passionate about making complicated financial topics accessible to readers. She lives in Omaha, Nebraska with her husband and son and their rescue dog, Dexter. Visit her website at www.jberryjohnson.com.

Katie Powers
Edited byKatie PowersAuto and Life Insurance Editor
Photo of an Insurify author
Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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Daniel Roccato
Reviewed byDaniel RoccatoAdvisor
Headshot of industry expert Daniel Roccato
Daniel RoccatoAdvisor
  • 30+ years in financial services

  • Clinical Professor of Finance, University of San Diego

Dan is a well-recognized and widely quoted financial services expert, regularly appearing in a variety of national and local media as a subject matter expert.

Konstantin Halachev
Data reviewed byKonstantin HalachevVP of Engineering & Data Science
Headshot of Konstantin Halachev, VP of Engineering at Insurify
Konstantin HalachevVP of Engineering & Data Science
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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