The market is abuzz with insurance companies with multiple policies to offer. This might also get overwhelming and leave potential buyers a bit confused. The advent of internet has facilitated our lives in more than one way so it is no wonder that now car insurance companies are also posting every detail regarding their policies, special offers and discounts online on their websites. This online facility has made it possible for potential buyers to compare various quotes and get the best deal with minimum premium and maximum advantages. Consequently, online car insurance is getting popular day by day.
Nonetheless, as every picture has two sides, online auto insurance comes with its own disadvantages. At the same time, the satisfaction that comes with a one on one meeting leaves us confused and we can’t decide between offline and online insurance. To help find the answer, we have listed few pros and cons of online insuranceoffers in order to reach at an informed decision.
It Lets Us Compare
The biggest advantage probably is that online insurance lets us get several quotes and make a comparison. We can get information regarding all the plans available in the market. We can visit several websites and make a quick evaluation. Even some companies provide tools to compare and select the policy with lowest premium.
Online motor insurance is easy as it givesus the luxury of getting it at the time of convenience while maintaining privacy of our home We can go to the official website of the insurance company at anytime, get the quotes and make payments online. Moreover, we can make changes in our plans with a click of the mouse.
Not only this online insurance is also fastest and secure way to get your insurance done. In the past we used to spend hours in calling different agents and comparing the quotes. Internet has reduced this time from hours to minutes. Hence, a lot of time and energy is saved.
In online insurance we don’t have to pay for agent’s commission or cost of paperwork or telephone calls. In addition, getting an online quote is also free of cost. Elimination of agents’ commission also allows companies to offer their online products at a cheaper rate than offline. Sometimes they are cheaper up to 30-40 percent. Keeping a track of insurance application or claim is also convenient without spending a penny.
Less Is Not More
The most prominent disadvantage of buying an online insurance plan is that it may not offer a full understating of the product you are interested in purchasing. It is very difficult for a common man to understand complex financial terms. So we may decide based on premium mentioned and insurance cover offered. But on the contrary there could be much more clauses that we must know and understand before making a final decision.
It Could Be Misleading
Similarly, some insurance companies might make false claims and promises in order to attract potential customers towards buying their auto insurance policy. Therefore, we need to be extra cautious while purchasing an insurance policy. We must look for the companies with authentic credentials.
In the same vein, the prices shown can be inaccurate. Actual price could be much higher after adding taxes or miscellaneous hidden taxes.
For some of us lack of personalized attention and human interaction can be bothersome. Even if data presented online is accurate, some of us might want to satisfy ourselves by talking to an insurance agent or some representative from the company to be assured of our choice.
Not assured of an insurance company’s credibility is also a major disadvantage. Chances of fraud or scams are very high as it is very easy to upload customers’ reviews and certificates etc. Buying an insurance company with weak financial credentials can result in severe consequences.
Online Vs. Offline….Which Way To Choose
As is evident both the options have their advantages and disadvantages. The choice depends on our personal preferences. If we prefer human interaction, face to face meetings to get the answers of all our queries than offline insurance is for us. While on the other hand if we are confident with the online procedure and can verify a company’s credentials, have sufficient time to conduct a thorough online search, than online car insurance is a viable option.
In either case, we must make sure to apprise one of our family members of the details. It will be useful in case of claim on our policy.
About the Author:
Timothy J Rosendahl….American Family Insurance Agent
Since starting working as American Family Agent, it has been incredibly humbling experience to become a part of Park City, Utah Community and experience the collaborative spirit of its members. As a qualified and experienced insurance agent I have been striving to build an insurance culture where securing a client’s trust comes first. Being able to ensure a sense of protection for my clients has made my work as an insurance agent most interesting and fulfilling. My work expertise ranges from personal insurance to home Insurance. I can be accessed at 1 435-654-3749 or Follow me on Google+ and Facebook