With the growth of digital platform to sell anything and everything, it was expected that with time this wave would hit the insurance industry also. People turned towards internet with everything from insurance to claims.
With more and more people using smartphones, insurance companies can reach out to their customers over internet easily. In fact, many insurance companies have gone online selling their policies to customers who prefer to buy auto insurance online.
But before you leap into this online trend, it is wise to think whether auto insurance online is a good option for you.
Benefits of auto insurance quotes online
One of the best reason to purchase auto insurance online is that you can pick an insurance policy you like and pay for it directly. Since there are no agents involved, insurance companies benefit from this since they don’t have to pay commission. Furthermore there are no paperwork or documentation necessary.
Such lack of processing automatically lowers the cost of a policy. Customers are enjoy lower premiums because of this savings.
Insurance companies provide discounts and offers to customers to stay competitive and also to encourage people to opt for online insurance purchases. Even credit card companies provide discounts and reward points for buying insurance which can further bring down the cost of buying insurance online.
Free from insurance agents
Most of the times insurance agents push people to buy unwanted policies so that they can enjoy good commissions which can turn out to be very inconvenient. Such agents can be more partial than you think of, hence buying cheap auto insurance online is the better option you can get. Plus you don’t have to deal with fake agents also.
Ofcourse, dealing with agents have their own pros such as getting your doubts cleared about hidden clauses or tips about smart investment which can’t be answered online properly or contacting call center. Such advantage won’t be available if you are not buying a policy from an agent.
Convenience and security
If you are purchasing auto insurance policy online, you can compare several policies at once and pick the best policy you like. You can also do all the paperwork online itself. Plus you are recheck whether you have filled all the information properly. Sometimes agents miss out to fill important information which you might be unaware of if you rely on them. Due to inaccurate information your claims might get rejected in future.
Also, its time consuming to visit the insurance office personally since sometimes you have to make multiple trips. Purchasing auto insurance online saves you a lot of time. There is no threat of getting your personal information leaked if you are opting the online way.
There is also a risk in buying auto insurance online if you are buying from a non-reputed company as it becomes easy for thieves to steal your information. Reputed insurance companies have all the required security in check. Also keep in mind not to share your policy details with anyone which claim to be representatives of insurance company. They should only speak with people listed in the company website or call the company customer support for any help.
People are always busy and it is very easy to forget when your premium is due. This is where buying online insurance helps since they send out timely reminders so that you miss out renewing your policy. This ensures that your insurance wont lapse. You don’t also have to follow up with your agents to know the status of your renewal.
Since you are paying online, you will also have several different payment options to choose from, as compared to buying from an agent where you can purchase only by cash.
There are many policy comparison websites where you can compare several different policies and choose the one that suits your requirements. You can also customize your policy before purchasing it. This is a much better option since you are can check all features of an insurance policy before buying it as compared to an agent who might not reveal extra unwanted policy features for his own agenda.
The advantage of buying auto insurance online is that it is completely cashless. In the event of claiming your insurance, you can make a cashless claim online where the insurer take care of the claims.
There are pros and cons in purchasing both online and offline insurance policies. If you planning to buy cheap auto insurance online make sure you consider all the scenarios and choose the best one that is right for you.