If you are spending a hefty bill on your insurance coverage simply because you relied on some insurance agents, it is now high time to take advantage of the new technology and use online insurance purchases. Although this idea can be overwhelming, but in reality, making purchases using the Internet is really that simple. So, hopefully after reading this article, you will realize how using the Internet can save you big bucks.
Many people are now using the Internet to purchase not only auto insurance coverage but also other commodities or services such as books, cellular phones, airplane tickets, tropical getaways, and so on. If you have not taken the plunge yet, now is the time to do that.
So why do you think people are now using the Internet to get what they need? Is there something that they know that you do not know? Are they enjoying some benefits that the conventional methods have failed to offer?
Online insurance market: The truth
Many people would agree to me that the Internet has revolutionized the way we see and deal with our everyday activities. In fact, no one ever dreamed of sending messages that would arrive seconds across globe 150 years ago. The World Wide Web or the Internet has changed everything, including how we purchase things. What we have today is a gigantic shopping center.
With the introduction of personal digital assistants such as iPhone, iPad, or blackberry, anyone with access to this online shopping center could easily request insurance quotes from various insurance companies with just a click of a button. You do not need to contact an insurance agent, no more waiting in queues or waiting for a vacant customer service line to attend to your needs. In 2009 alone, there were about 40 million people requested insurance quotes using the Internet and nearly 10% of them ended up purchasing online.
Will you be able to save money if you purchase online insurance?
Well, the short answer is yes. Definitely, you can save money if you purchase online. One benefit that insurance companies get when they operate online is the reduced operating costs, because they no longer have to pay additional personnel to pay attention to the transactions. Additionally, being paperless saves a lot of storage and office space. And who needs printers, inks, or papers? And since all the transactions made online are handled by computers, the savings are usually passed on to the consumers by way of discounted rates. On top of that, being on a cutthroat industry, insurers are known to create some very enticing deals or benefits to keep their existing clients and lure potential policyholders.
Another way to save money is to pay for your insurance obligations annually instead of monthly. Some insurance providers may even give you additional price cuts if you allow them to make some automatic deductions to your bank or credit accounts. If you are unsure, contact your insurance agent for similar deduction structures.
Is your privacy protected by these online transactions?
There have been many issues going on around the Internet about websites that do not respect the individual’s right to privacy. While it is true that you need to provide identifying information when requesting for insurance quotes, but rest assured that this data is only used to provide you with near accurate estimates for your premium rates. Also, before using any website it is best to investigate its legality and reputation towards privacy.
