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Title: Online Insurance

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Online Insurance: Is online insurance right for you?

The Internet is a powerful tool for the savvy online consumer. You can review products, compare prices, research companies and purchase almost anything. Following this trend is the increased availability of insurance online. Insurance companies are providing coverage information, quotes and even contracts online. This includes automobile, homeowners, life, medical and even pet insurance. Insurance has traditionally been a high customer service field with direct in-person contact with your insurance agent. Because of the change in customer contact, the migration towards providing insurance online has not always been a smooth one. Instead, companies are finding some tools work and others only cause frustration or confusion. Indeed, the availability of insurance online is still fluctuating and developing. Below we have compiled a few of the ways you can utilize online insurance options and determine if it is the right tool for you.

Discovering Online Insurance!

Researching and obtaining insurance online is much easier today. Many websites now offer comparison tools that will provide quotes and coverage information (some of these sites are listed in the right column). Keep in mind if you choose a carrier from these searches, you will then be contracting with that carrier for your insurance, not the original site. This will either be done by forwarding you to the carrier's website or the comparison site will forward your information to the insurance company and they will then contact you. Many insurers still prefer to have a representative call you and discuss your coverage over the phone. Although not the same as meeting with a personal insurance agent, it allows them to make certain you understand the coverage provided. Also, because buying insurance online is new, many companies believe that individualized customer care is still the best way to get your business and a follow up call still provides some of this customer service.

The Pros
There are many benefits for utilizing online insurance:

The Cons
Be aware of these complications when purchasing insurance online:

Whether you choose to shop for insurance online or not, you should look at your insurance carrier websites. Insurance carriers now offer detailed information about coverage online. In fact, once you have settled on a carrier you can often answer coverage questions, pay bills, get updates on claims and find useful tip sheets and information on how to better protect yourself and your property. A primary example of this is your health coverage. Most health insurance carriers still prefer you to sign up through your employer or an agent. However, once you have your coverage, they offer information about doctors, medical options, prescriptions, and claims. Considering health care is one of the most complex types of insurance used, their increasing online presence is an invaluable tool. To explore online insurance options more, please see the links to the right.

When purchasing any product online you always want to make certain it is an authentic website representing a verifiable company with a good reputation. Here are some tips for a safe and rewarding online shopping experience:

 

Online Insurance
Comparison Sites

Insurance.com
www.insurance.com
InsWeb
www.insweb.com
Insure.com
www.insure.com

Insurance Company
Rankings

AM Best Company - Insurance Reports
www.ambest.com
Consumer Reports
(requires membership for ratings)
www.consumerreports.org
Standard & Poor's Ratings
www.standardandpoors.com
US News & World Report - Top Health Insurance Companies
http://health.usnews.com

State Insruance Regulators
www.consumeraction.gov


 

 

 

Sub title: Is online insurance right for you?

Author: Lawsonline.com

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Published: true

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