Buy Auto Insurance Online: Its Benefits And Drawbacks

2007-03-08 10:33:40

( Insurance )



How would you like to obtain tremendous savings on your auto insurance premium? Lower premiums can be easily obtained if you buy auto insurance online.

Purchasing auto insurance online provides you the convenience of obtaining quotes from a variety of car insurance agencies/brokers simultaneously in a matter of minutes, and at any time of the day. This eliminates the conventional way of shopping around for insurance quotes, which will normally take you days to complete because you need to wait for the reply of the car insurance agency.

Sometimes you will discover that when you buy auto insurance online, further savings can be obtained if you directly go through the insurance agency itself. There are other times, when brokers come out to be cheaper; other times, you get the same premium rates. It is therefore worthwhile to compare and shop around using different websites.

Obtaining auto insurance online is convenient because application forms are made available to you online. In most cases, you can even print your car insurance policy after the payment of your premium is received.

Most auto insurance companies will also give you the option to submit auto insurance claims online. This provides consumers with an added advantage of eliminating the hassles of having to line up at the claims department just to submit the paperwork for the claim.

There are some disadvantages and concerns that exist when you buy auto insurance online:

If you do not have a computer with Internet access, you cannot search for auto insurance quotes; however, this can easily be resolved by finding available access in public places such as an Internet café.

There is also the concern of the security of providing your personal information online, including your credit card details. Providing your personal information to a human insurance agent is in fact riskier than providing your information online. When you buy auto insurance online, the information that you provide is normally kept confidential with the aid of certain computer encryption technology software. You just need to ensure that the website where you buy your auto insurance guarantees this.

One final point to note when you obtain insurance online quotes is to make sure that the car insurance policy that you finally select should cover the minimum coverage amounts required by the law in the state where you belong.


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