Internet is the Place for Auto Insurance
Almost every part of our lives has been impacted by the Internet in some fashion, but comScore, a company that specializes in analyzing trends in the online world released a study earlier this month that shows the 'net has become the place to shop for auto insurance, and not just for a few geeky members of society.
The numbers comScore amassed show that connected consumers made 32 million requests for online insurance quotes in 2007, and purchased 2 million policies. These numbers represent increases of 15% and 37%, respectively, since 2006. Since 2004, the total number of requests for online rate quotes has surpassed the one million mark. Why are these Numbers Increasing?
Originally, consumers logged onto the 'net to find information and compare prices, but in 2006, user habits changed. More and more users weren't just exploring comparison charts, they were requesting quotes and completing their auto insurance purchases online.
According to Kevin Levitt, vice president of comScore, "Consumers are demanding the freedom to choose their method for interacting with their auto insurer -- whether online, by phone, or in person.The rapid growth of the Internet demonstrates the importance of a multi-channel approach that includes the ability to request quotes, purchase policies and service accounts online."
One factor in the growth of online auto insurance sales may be the increase in options for online account management. Over the last two years, more and more insurers have implemented "e-servicing," the ability to handle almost all policy related issues, from changing coverage to making payments, over the internet, without having to wait on hold or deal with automated phone services that cause more frustrations than solutions. In fact, from 2006 to 2007, e-service visits increased by 15% with 20% of those visits having their destinations in policy management pages. Customers like control.
We may not be a culture of control-freaks, but it's clear that the general public likes to feel like they are in control of their insurance policies. As Mr. Levitt explains, "Consumers appreciate the freedom and flexibility of being able to manage their policies online."
Even better, putting this control in the hands of policy holders has resulted in a win-win situation. Insurance companies are able to offer more services for less money, and they are passing their savings on to their customers, in the form of lower rates for those who shop online.
The savings customers net from using the internet aren't insignificant, either. According to a British study done late last year, just the act of going online to compare the rates of one company against another can yield a savings of 25% over the insurance premium you would pay if you actually called the different insurers you were considering.
More control, more savings, more flexibility. Is it any wonder that every auto insurance ad on television is pushing a website address instead of a phone number?
Protecting yourself from a crash with auto insurance isn't just a good idea. In some states it's the law. Learn about the mandatory minimum coverage for your state.
Related Articles:
Affordable Health Insurance Self-Employed ? Don't Get Discouraged!
Self-employment offers a freedom that most other kinds of employment do not offer. If you are self-employed, you can set your own hours, set your own rates, and even work from the comfort of home in your pajamas if you want! Best of all, if you are self-employed, you are your own boss!
Auto Insurance Reviews Can Help You Select The Right Policy
Society benefits from auto insurance. The policy holder benefits. An injured party benefits. Choosing the right auto insurance depends on an informed and educated public. Auto insurance reviews provide the needed information, allowing members of the public to determine which insurance company provides the best coverage and service for their needs.
Taking Steps To Get Cheap Auto Insurance
It's a well known fact that people procrastinate and put off things that they don't like to do and aren't required to do right now. One of the things involved with this procrastination is switching auto insurance companies. You probably know that if you did some comparison shopping to find cheap auto insurance, you almost certainly would be able to do so, so what is stopping you from starting the process?
How To Select Affordable Health Insurance For Low Income Families
Possibly the best option for low income families searching for affordable health insurance is a subsidy. When it comes to health insurance, subsidies are federal- or state-sponsored health care programs for individuals who meet certain criteria. The federal or state government provides financial assistance to health care providers to begin and continue low cost or free health care to low income families.
10 Auto Insurance Myths You Should Know About
The truth about fallacies of many car owners believing that the insurance premium coverage for their new car is covered, and maybe the truth just might make you change course. (1) "No-fault insurance means, is it not my fault?" That means that your insurance company pays for your damages regardless of who's at fault. No they don?t!
It's Up To You To Manage Your Own Health Insurance
In the Marcus Welby days, people went to Dr Welby, and he decided what tests and treatments were necessary
How To Buy Health Insurance
It is essential that, you as a consumer understand as much as you can about health insurance, particularly the policies you are considering purchasing. Research first and research well. Learn what types of policies are available in your area and age group. Look into the A.M Best rating for the carriers you're considering. Ask your agent.
Pet Pampering and Pet Health Insurance Drive Pet Industry Sales to Another All Time High, According to the APPMA
Pampering our pets and the purchase of pet health insurance has driven the pet industry beyond its own projections in 2007. New figures released by The American Pet Products Manufacturers Association (APPMA) show total pet spending in 2007 topped $41 billion, almost double the $21 billion Americans spent in 1996.
Florida Health Insurance Consultant Comments on Insurance Bill Stalls, Says Overhaul is Needed
Florida lawmakers have hit a wall on the new health insurance measure for kids. According to insurance consultant Morgan Moran, the current session will likely ignore the new health insurance plans all together, since they cannot decide who will run the new Florida health care program.
Learn More About Auto Insurance Facts
With so many choices currently available in the auto insurance market, it can be quite difficult to know which products to choose. Understanding some basic facts about the insurance market can help you to make informed decisions. Following are five facts that you need to know about the auto insurance market.
Term Life Insurance | Health-Insurance Its Benefits For A Normal Person
Health insurance is something that most people don't think about very often and yet it is something that when comes foremost to mind when a loved one is sick Health Insurance coverage varies across the world, even across the different states in the United States of America
Health Insurance Limits: Tips When You Are Reaching Your Cap
You may think that since your health insurance has a one or two million dollar limit on the amount of insurance that it will pay out over the course of the life of the policy that you have nothing to worry about A cap of one or two million dollars might have seemed like a lot of money for insurance 10 or 20 years ago, but right now it is easy to go through that kind of money in just a couple of years