Online Auto Insurance Shopping Grows in Popularity
Online auto insurance shopping is growing in popularity, according to the ComScore 2011 Online Auto Insurance Report. Twenty percent of respondents purchased their policies online, up from 15 percent two years ago. However, 43 percent still said they went with a local insurance agent to purchase their car insurance policy, which is down from 49 percent in 2009. Read more survey results below.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
|
Written by
Shuman Roy
|
|
Reviewed by
Joel Ohman
|
UPDATED: Jul 19, 2021
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
Shopping for and purchasing auto insurance online is growing in popularity, according to the comScore 2011 Online Auto Insurance Report released last week.
In 2009, online insurance quote submission and purchasing saw a dramatic increase of 21 and 22 percent, respectively, from 2008.
The numbers held pretty steady in 2010, with quotes submitted down three percent, but purchases made online up one percent.
[Top auto insurance companies]
While the numbers aren’t much better than 2009, 32 percent of respondents who reported not having made an online auto insurance policy purchase in the past said they would be more likely to do so in the future.
And only 22 percent said they would be unlikely to do so, down from 39 percent in 2009.
Using a Local Agent Still Most Popular
However, 43 percent still said they went with a local insurance agent to purchase their auto insurance, which is down from 49 percent in 2009.
But 20 percent of respondents purchased their policies online, up from 15 percent two years ago.
So clearly there’s a shift in consumer sentiment to go online to both shop for and obtain auto insurance coverage.
Tip: It’s recommended that you compare insurance quotes from a variety of sources, including both online providers and in-person with a local independent insurance agent.
Using an independent agent allows you to receive multiple quotes from a variety of companies, while captive agents can only provide you with a quote from the single company they represent.