Vehicle Insurance Purchase Prediction Using Machine Learning

Aim: The research intends to Comparative Analysis of vehicle insurance prediction with Random Forest and logistic regression. Materials and Methods: In this study, two groups Random Forest in comparison with Logistic Regression to improve Accuracy. To improve Accuracy. 100 dataset samples had been used for research study which contains 80% for training and remaining 20% for testing. For predicting vehicle insurance which were estimated by using a 10 N sample size for each, Results: The Random Forest improves the data of accuracy with (93.605%). accuracy against (84.583%). for Logistic Regression. With a significant value of p= e of p=0.002 (p is statistically significant for prediction of vehicle insurance). Conclusion: The Random Forest method for prediction of vehicle insurance significant improvement over Logistic Regression because of its higher accuracy.

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Publication Details

Journal
International Journal of Multidisciplinary Research and Growth Evaluation
Published
2025-01-01
DOI
https://doi.org/10.54660/.ijmrge.2025.6.2.761-765
Primary Topic
Insurance and Financial Risk Management
Type
article
Field-Weighted Citation Impact
0.00
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article

Vehicle Insurance Purchase Prediction Using Machine Learning

B N Renuka, N. Krishna, M. Rao, Tamma Sreya et al.
International Journal of Multidisciplinary Research and Growth Evaluation
Insurance and Financial Risk Management
article

Vehicle Insurance Purchase Prediction Using Machine Learning

B N Renuka, N. Krishna, M. Rao, Tamma Sreya, Sampathi Kalyan Chakravarthi
article en

Abstract

Aim: The research intends to Comparative Analysis of vehicle insurance prediction with Random Forest and logistic regression. Materials and Methods: In this study, two groups Random Forest in comparison with Logistic Regression to improve Accuracy. To improve Accuracy. 100 dataset samples had been used for research study which contains 80% for training and remaining 20% for testing. For predicting vehicle insurance which were estimated by using a 10 N sample size for each, Results: The Random Forest improves the data of accuracy with (93.605%). accuracy against (84.583%). for Logistic Regression. With a significant value of p= e of p=0.002 (p is statistically significant for prediction of vehicle insurance). Conclusion: The Random Forest method for prediction of vehicle insurance significant improvement over Logistic Regression because of its higher accuracy.

International Journal of Multidisciplinary Research and Growth EvaluationVol. 6(2)
Openalex Percentile: Top 91%
Insurance and Financial Risk Management
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