- Personal Finance
Buy insurance online
Online insurance is having more and more demand from consumers, especially due to price factor, but also because people begin to dominate the Internet tools and have more confidence in the services available online.
The big advantage of buying insurance online is the ability to achieve values much lower than you would get in a local insurance broker. You can reduce your insurance premium by 50% or more. The insurance carriers operating over the Internet do not have to pay commissions to brokers (intermediaries) and therefore they can make more competitive prices.
You can also do simulations using online applications for this purpose that these insurance companies make available on their websites.
By working with these companies you will not have to waste time in queues at the branch nearby. All operations can be conducted via the Internet: Access, changing data, changing patterns of insurance, etc.. And all the information on your insurance will be available 24 hours a day in your customer account.
For people who place great importance on personal contact at the time of hiring a service, the insurance companies over the Internet are obviously not a solution, and this is one of their major disadvantages.
Another disadvantage is that if there is a problem the customers have to contact the insurer and deal with everything necessary to solve the problem, as they hire their insurance through an intermediary, in case there are problems you only have to contact your broker and he will handle everything.
In my opinion, who realizes the minimum of the Internet and want to save money on their insurance premiums, of course that insurers operating over the Internet and telephone (the so-called low-cost) are undoubtedly the best option.
If on the other hand, you have not mastered the Internet and you don´t like to worry or to deal with paperwork in the case of any accident, then it is best to keep in touch with the local insurance brokers.