Monday, May 9, 2011

Internet Car Insurance



Is it almost time to renew your car insurance? Do you, like 23% of car owners, just accept the quote and stay with your insurer? Does it matter that the premium is 5 or 10 per cent more expensive than last years? Maybe just think that it isn't worth the hassle to do all the shopping around and researching through the maze of different companies that you can come across via the phone book or just driving around. You should know that many insurance companies will offer you really good rates in order to get your business. People who already signed up usually stay anyway.

What about the internet? Searching the Web could really save you a lot. Did you know that if you shop around online, you could save on average around $120 plus the discounts for shopping online? Current estimates state that more than 2 1/4 million people have made decisions to purchase their car insurance policies online. The Internet makes paying bills and finding competitive and comparative pricing incredibly easy which is causing an extreme growth in Internet sales.

Car insurance companies are really want to have your business, so they will become extremely competitive with their pricing in order to get you to sign on. With all the competition from the hundred plus companies in the UK and the United States, car insurance prices have remained level as a result. There are many different types of websites you can go to, whether you are looking for just a single insurance company site, a comparison site, or a site that recommends various companies for different drivers, you will be able to find it online. You will receive instant results and an unbelievable amount of advice and information. You'll be asked to fill in your relevant details, for example the number of years you've been driving, whether there are any convictions, number of years of "no claims" for your discount. The forms are very easy to fill out and answer, and any claims details that you might need to fill in can be found on your renewal notice.

Aside from your normal everyday car insurance, there are a lot of different categories of insurance that are coming into the market. Their are pay as you go options and multi-car policies. Policies like these used to be difficult to get unless you were in the car dealing business. It certainly seems to be time to re-assess what's available in the car insurance line and get yourself up to date on what's on offer. To spending a little bit of time on the Internet could get you going in the right direction.

Insurance companies these days are showing signs that prices aren't going to stay low forever, and this is caused by the rising costs of repairs and materials as well as personal injuries. Claims are accelerating. The average cost of accidental damage repair has risen, costing an additional 5% per year, despite the fact that there are fewer accidents. Not only are repair claims rising, but personal injury claims are rising fast as well, which has led to an increase of around 12% per year in the cost of settling these cases. Don't give your insurer the chance to use this as an excuse for a rising premium, get on line and get sorted!