LOS ANGELES, March 31 /PRNewswire/ — In the recent days of technology, auto insurance companies are increasingly allowing consumers to purchase policies electronically online. The Internet has brought convenience to consumers and a reduction of overhead for the online insurers.
With lightning fast connections, insurance companies are electronically gathering information and obtaining signatures online for personal automobile policy applications.
Pioneering insurers have offered their products online early in the new millennium. Others still race to evolve their products as the new generation of Internet users mature. Professionals predict that in the near future, the majority of auto insurance policy transactions will be conducted online.
The convenience of utilizing the internet to conduct insurance transactions is increasingly gaining popularity year over year. Published statistics show the adoption of the internet for auto insurance purposes growing by 56% from 2006 to 2007.
A survey conducted by Auto Solutions Insurance Services, a California brokerage, shows that as consumers gain confidence providing personal information online, their willingness to conduct business online increases. Security is among the biggest factors for those refusing to enter personal information into a website.
Technology is increasing online security which in turn will have a large impact in the use of the Internet for business transactions. Many websites such as http://www.onlineautoinsurance.com/ are offering “information secure” rate comparisons from a variety of carriers without having to contact carriers individually.
“If there was ever a ‘match made in heaven’ it’s the Internet and auto insurance,” says Cesar Diaz, a personal lines broker. “New software allowing agents to obtain signatures online have allowed brokerages to enter the 160 billion dollar online market. A few years ago, agents were limited to marketing their products locally because physical signatures were required for policy issuance.”
It’s only a matter of time before the majority of consumers realize the convenience the Internet brings to consumers shopping for auto insurance online. Visit http://www.onlineautoinsurance.com/Companies/ for more information on online auto insurance companies.
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CONTACT: William Pirro, +1-909-868-0394, for OnlineAutoInsurance.com
Web site: http://www.onlineautoinsurance.com/