While the cost of home and car insurance is often criticised by home-owners throughout the UK, it appears as though these financial products have become more affordable in the wake of the online revolution. Take the average quote for annual automotive coverage, for example, which according to the AA has fallen by 10% during the course of the last year. This is the biggest drop since the insurance index began back in 1984, and it follows on from a depreciation of 6% in 2011.
The Advantages of Buying Insurance Online
While some experts have attributed this drop to the implementation of more stringent anti-fraud legislation, the process of purchasing insurance online has also helped consumers to save considerable sums of money. Consider the following advantages or purchasing insurance through this medium: –
Quick and Effective Price Comparison
The advent of price comparison websites has been particularly beneficial to consumers, as these resources enable individuals to search multiple providers in a quick and efficient manner. By comparing a host of prices in a single online space, consumers can gain a clear insight into the market within a matter of minutes and identify the best possible deals. In addition to this, enhanced levels of transparency within the market have also forced providers to establish more favourable rates.
Access to Real Time Prices and Discounted Offers
While the majority of price comparison sites operate in real time, as a consumer you can also maximise your potential savings by using web browser extensions. These tools have been made available through innovative firms such as Apple and Google, and they enable customers to identify live promotional offers and apply them to their transaction. These promotions often last for a restricted period of time, so the ability to highlight them quickly is extremely important for consumers.
Identifying Multi-Purpose Insurers for all of your Needs
The online medium offers you a unique overview of the insurance market, both in terms of and the type of providers who are in operation. This makes it far easier to identify reputable multi-purpose insurers, who can manage a number of individual claims under the banner of a single policy. This in turn enables you to make significant savings, as you have greater leverage with which to negotiate precise terms and annual premiums.
The Last Word
Whether you are in the need for automotive, home or building trade insurance, the Internet provides you with a unique opportunity to save money and maximise the value that you receive for your initial investment. This is something that cannot be ignored, especially when you consider the wider economic climate and the financial challenges facing households throughout the UK.