Auto insurance coverage has always been a mandatory requirement in many US states. Before the inception of online car insurance comparison sites, drivers used to obtain coverage via licensed insurance agents. Insurance providers only dealt professional insurance agents who upon successfully selling an auto insurance product to a client, received a percentage commission. And no, the commission wasn’t added to the product’s retail price.
The onset of the internet age changed all that. Almost everything can be done online. You can get an auto insurance quote and purchase the actual policy within the click of a button anywhere, anytime. You can still choose to buy an auto insurance policy from an agent.
Buying Auto Insurance Directly Online
If you are keen enough, you’ll notice that there has been an increase the number of insurance commercials on TV. Almost every online streaming site, media outlet or cable channel is bombarding you with adverts telling you to compare quotes online.
It’s actually pretty easy, go to an auto insurance online comparison site, fill in the details and get your quotes. If you are pleased with one particular quote, you just have to fill a few additional forms and get a policy.
Advantages of Buying Online
Fast and Convenient
The convenience that comes with buying car insurance online is unmatched. You can go online and get a quote anytime, day or night. In addition to that, its super-fast compared to when dealing with an agent. Usually, when dealing with an agent, you have to leave your details and wait for them to call you back.
It’s Cheaper
Theoretically, buying online eliminates the need for a middle man. Therefore, you will get a lower rate as opposed to dealing with an agent who gets paid through commission.
Disadvantages
Buying online can be cheap and fast, but it has its downsides too. Information is limited, and you don’t have the convenience of asking questions that come up. Dealing with an agent comes with more insight and understanding of the product you are about to purchase.
Buying Coverage via an Agent
The auto insurance agent system is still intact across the US for people who prefer to go old school. You can get their contacts from online guides or via the telephone directory. There are two types of insurance agents:
• Captive agents
• Independent agents
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