Auto Insurance Quotes Online
The Internet has changed the auto insurance business so extensively that it no longer resembles what it was prior to the creation of the World Wide Web in 1992. Back then, when car insurance renewal time came around, an estimated sixty-three per cent of car owners ended up remaining with their insurer, according to the Insurance Institute of America. Today that figure is down to less than twenty-three per cent due to the abilitiy to obtain auto insurance quotes online.
Insurers have attempted to adjust to the growing preference for getting auto insurance quotes online by a number of methods. Specialized programs for low risk drivers, primarily those over 50, are common now. Year-to-year increases for members of this group are kept at about a percentage point above the inflation rate, which is low enough to keep the client from going through the trouble of shopping around.
The inevitable result of this type of reaction to the rate-squeeze caused by the proliferation of auto insurance quotes online has been a polarization of risk classes. Minimal risk classes - married male drivers age 50 and older, and female drivers age 40 and up - have had their car insurance rates remain steady or drop over the past decade, while rates in the high-risk young male class have skyrocketed. In consequence, the number of young men driving with no insurance or liability only has also increased.
But higher rates for young drivers aside, shopping for car insurance online is an eye-opening experience. Before the internet, consumers had to spend hours going through the phone book, punching their way through a voice menu only to wind up most times leaving their name and number on some agent or broker's answering machine. And of course there was the time spent handling the call backs, keeping track of the quotes, doing call backs, and on and on and on.
Surveys of those who do shop for car insurance online consistently rank "Convenience" as the number one reason people shop on the internet for car insurance. They love the ability to get an instant quote without having to trade voice mails, or even speak with anyone.
When you are at an online car insurance site, a dialog box will ask you all the right questions - the questions you didn't know you should have been asking. Typically these include; number of years driving, make and model of car, place of residence, whether or not the vehicle is used to commute to work, moving violations within the past X-amount of years, etc.
Playing with the answers is a fine way of learning what other factors are taken into account when determining your rate. Who knew that where you live is a significant issue? And what about that speeding ticket? How much is that costing you? For this reason, using the internet to obtain auto insurance quotes online has skyrocketed. - 2368
Insurers have attempted to adjust to the growing preference for getting auto insurance quotes online by a number of methods. Specialized programs for low risk drivers, primarily those over 50, are common now. Year-to-year increases for members of this group are kept at about a percentage point above the inflation rate, which is low enough to keep the client from going through the trouble of shopping around.
The inevitable result of this type of reaction to the rate-squeeze caused by the proliferation of auto insurance quotes online has been a polarization of risk classes. Minimal risk classes - married male drivers age 50 and older, and female drivers age 40 and up - have had their car insurance rates remain steady or drop over the past decade, while rates in the high-risk young male class have skyrocketed. In consequence, the number of young men driving with no insurance or liability only has also increased.
But higher rates for young drivers aside, shopping for car insurance online is an eye-opening experience. Before the internet, consumers had to spend hours going through the phone book, punching their way through a voice menu only to wind up most times leaving their name and number on some agent or broker's answering machine. And of course there was the time spent handling the call backs, keeping track of the quotes, doing call backs, and on and on and on.
Surveys of those who do shop for car insurance online consistently rank "Convenience" as the number one reason people shop on the internet for car insurance. They love the ability to get an instant quote without having to trade voice mails, or even speak with anyone.
When you are at an online car insurance site, a dialog box will ask you all the right questions - the questions you didn't know you should have been asking. Typically these include; number of years driving, make and model of car, place of residence, whether or not the vehicle is used to commute to work, moving violations within the past X-amount of years, etc.
Playing with the answers is a fine way of learning what other factors are taken into account when determining your rate. Who knew that where you live is a significant issue? And what about that speeding ticket? How much is that costing you? For this reason, using the internet to obtain auto insurance quotes online has skyrocketed. - 2368
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Are you in the need of auto insurance? The web has totally altered the landscape of the auto insurance industry. Get online quotes for car insurance and find out about low cost auto insurance at http://onlinequotesforcarinsurance.com today.
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