Online Insurance Buyers May Save up to 26%

Insurance shopping has changed greatly due to the development of the online insurance market. Today it is much easier to find a suitable policy and get affordable premium via Internet than actually visit insurance companies. But, according to the results obtained by the consumer group during their trials, time saving and great variety of insurers are no the only advantages of online insurance shopping. It appears, one can reduce the annual expenditure on insurance by more than a quarter.

The trial showed that purchasing insurance from individual insurers is also more profitable: they make special discounts for internet customers. There are no such advantages when buying a policy over the telephone.

For instance, one of the biggest discounts found by the group was at the Post Office. Internet buyers cut their premium by 17% while ordering online rather than via phone. At the same time, purchasing contents cover from Cornhill online, one can also get a 15% discount.

According to the group’s results more than 50% of the readers preferred to buy insurance online. Auto insurance policies dominate the list of insurance products bought via Internet

More than 94% of online insurance customers asserted this way of policy buying to be easy and very fast.

About a half of those, who purchased insurance policy online, said that were tempted by considerable discounts, while nearly 78% of people questioned explained their choice by its convenience and quickness.

Among other advantages of online insurance shopping named by the group are the great variety of companies to choose from and the ability to compare them in order to find the best policy.