It's no secret that online shopping has driven up the competition and is making it possible for people to find cheap deals on everything, and it seems this effect has trickled down into the car insurance industry as well. Prior to the advent of the many insurance comparison sites that you can now find online, a consumer would typically meet with a local agent or call a hotline to discuss their options. Nowadays, that process is streamlined and there's much more transparency, making it easier than ever for people to find the absolute lowest price at any time.
On Demand 24 Hour Comparisons Worldwide
In the dark ages before the dawn of the great internet, there were hours when it was impossible to compare all available care insurance plans. Now you can visit any number of car insurance comparison sites at any hour of the day or night, regardless of where in the world you are or which language you speak. For example, Comparaencasa is a popular insurance comparison site for Spanish speakers. This makes the comparison process less urgent and therefore takes away the exclusivity factor that used to pressure consumers into buying overpriced plans.
Easier Access to Information
In addition to providing a number of comparison platforms, the internet is also an invaluable research tool that helps build more savvy consumers in every industry. People no longer get trapped into horrible contracts en masse, because most of us take the time look up our options online before making a significant commitment, like which car insurance provider we're about to be using for the next 6 months to a year or longer. Furthermore, regulatory authorities have taken advantage of this transparency to place limits on the amounts that insurance companies can charge policyholders, so the likelihood of being the victim of price gouging in this industry has gone down significantly in today's internet-centric era.
Mobile Apps and Text Notifications
Mobile apps and online communication are two of the best things that the internet has ever spawned, and together they make managing and comparing insurance plans much easier. Instead of having to call a hotline and speak to an agent about a status or to answer a specific question, consumers can now depend on simple text notifications and mobile app interfaces that provide access to critical account information and FAQ sections. It's even possible to open support tickets and handle inquiries from the comfort of your smartphone thanks to the gigantic network of computers we know as the world wide web.
Using the Available Knowledge and Tools to Your Advantage
What good are all of the advancements mentioned above if you don't put them to good use. Unfortunately, just because it's now possible to compare a multitude of options, there are still many people who don't want to spend the time or effort and would rather just opt for the most popular brand they can think of offhand. While that will still get you car insurance, and usually at a decent price, if you're the type who likes to shop around you should be using the single greatest shopping resource on the planet – the internet.