Back To Projects

Self-supervised DINOv2 versus Supervised CNNs for Insurance Claim Cost Predictions

Rohan V.

This study investigates whether vehicle insurance claim amounts can be predicted directly from images of damaged cars by comparing CNN models, the self-supervised DINOv2 model, and GPT-5.5 as a vision language model. Results showed that DINOv2 performed best, achieving an R² of 0.12 compared with 0.07 for ResNet152V2 and 0.08 for ResNeXt50, while GPT-5.5 tended to overestimate repair costs, particularly for severe damage.


Insurance companies handle millions of vehicle damage claims each year, creating a need for faster and more consistent ways to estimate repair costs. This study investigates whether insurance claim amounts can be predicted using only images of damaged cars. Three deep learning models were tested: ResNet152V2, ResNeXt50, and a self-supervised Vision Transformer called DINOv2 (small). All models used the same dataset of 1,337 vehicle damage images and training setup to ensure a fair comparison. Model performance was measured using mean squared error and R² score on normalised values. A quantitative comparison was also made using GPT-5.5 as a Vision Language Model (VLM) that used in-context prompting rather than task-specific fine-tuning. The results show that DINOv2 achieved the lowest error when compared to the Convolutional Neural Network (CNN) models. GPT’s estimates consistently overpredict costs, especially for severe damage. Overall, the findings suggest that the self-supervised DINOv2 features were more effective than the supervised CNN features tested here, with DINOv2-Small having achieved R² = 0.12 vs. 0.07 for ResNet152V2 and 0.08 for ResNeXt50.

Explore More!

Rohan V.
Ivan Felipe Rodriguez
PhD Candidate from Brown

Related Projects

Approaches to fraud detection on credit card transactions using artificial intelligence methods

In this paper, we study the problem of detecting fraudulent credit card transactions. We select the most relevant features using a heuristic approach, and fit three different model classes to a simulated dataset: Logistic Regression, Random Forests and Gradient Boosting Machines. We find that hyperparameter tuning has a big impact on the precision and recall of our classifiers. We also find that of the three classes, Gradient Boosting Machines were the best-performing model class, achieving 83% precision and 64% recall on unseen data.
Aryaman R.
Mentored by Yuan Lee
Using Machine Learning Models to Analyze the Aerodynamic Properties of Airfoils

This research posits that leveraging artificial intelligence could significantly reduce financial and computational costs while identifying optimal airfoil geometries.
Aaron W.
Mentored by Ronil Synghal
Backtesting and Machine Learning for a Self-Developed Futures Trading Strategy

This study investigates whether the poor backtesting performance of a discretionary futures trading strategy stems from important subconscious rules that were never formally documented. Testing ten years of Nasdaq-100 and S&P 500 futures data showed that adding an previously unwritten market-structure rule substantially improved performance, while machine learning found short-term price direction largely unpredictable but volatility expansion moderately predictable.
Anant S.
Mentored by Odysseas Drosis