Insurance Agency Singapore | Commercial Insurance and Personal Insurance

  • Products
    • Commercial Insurance
      • Work Injury Compensation
      • Public Liability
      • Foreign Worker Medical
      • Foreign Worker Bond
      • Fire/Burglary Insurance
    • Personal Insurance
      • Motor Insurance
      • Travel Insurance
      • Home Insurance
      • Personal Accident
      • Domestic Maid Insurance
  • Support
  • Contact Us
  • Blog
  • About Us

Buying Car Insurance Online Vs. Agent

19 October 2017 By admin Leave a Comment

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

By Daffa Zaky

See full story on fxdailyreport.com

Share this:

  • Facebook
  • Twitter
  • LinkedIn

Filed Under: Interesting Stuff Tagged With: car insurance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

  • Domestic Maids
  • Golf
  • Happenings
  • Health
  • Homepage
  • Industry
  • Interesting Stuff
  • Products
  • Tips
  • Uncategorized

Contact Us

  • 1 Soon Lee Street #02-43, Pioneer Center, Singapore 627605
  • Tel: 68978226
  • Fax 68978086
  • Business Hours:
  • Mon – Fri: 8am – 6pm

Our Location

At the west side of Singapore, our office sits on the second floor of the building.

1 Soon Lee Street
#02-43, Pioneer Center
Singapore 627605

Our Products

  • Fire/Burglary Insurance
  • Foreign Worker Bond
  • Foreign Worker Medical
  • Public Liability
  • Work Injury Compensation
  • Domestic Maid Insurance
  • Home Insurance
  • Motor Insurance
  • Personal Accident
  • Travel Insurance

Find Out More

We would love to hear your insurance needs. Tell us all about it by filling up our contact form.

If not, give us a call at +65 6897 8226
or email us at enquiry@credence.agency

Copyright © 2023 | Credence Agency