Are insurance quotes cheaper online?

Getting an insurance quote online has become normal practice for many people with the advent of the Internet, and with the growth of smart phones seems to be the way that an increasing number of people will get insurance quotes for their car or auto or their home or homeowners insurance.

Insurance companies generally love the idea of people using online websites to get insurance quotes, largely because it allows them to obtain large volume business, potentially, all done automatically with algorithms and no need for any expensive human contact.

People can get insurance quotes online by the direct from an insurance website owned by the insurance company, or by way of a cost comparison site. Cost comparison sites present themselves as being a one stop shop for people to get insurance quotes that are comparably cheaper than doing it any other way.

They do this by collecting it large amount of personal information or data, obtaining quotes from a range of insurance companies, and then presenting the results in a table and by email.

Cost comparison sites like to give the impression that all you need to do is to use their website, and they will automatically present you with the best cheapest option for any type of insurance you are looking for. There is no doubt that at some level they do this, but there is a need for caution in several areas.

Insurance Quotes  Online

Cost comparison sites do differ, in that state seem to operate by way of a commission or some type of financial interest with a number of insurance companies. It seems to be the case that different cost comparison sites have different relationships with different insurance companies and are able to offer different quotations.

This means that cost comparison websites do not work on a like-for-like basis.

The other area where cost comparison sites that offer insurance quotes online need to be looked at is in the amount and level of personal information or data they collect from an individual.

Most of the reputable cost comparison sites have fairly strict privacy rules that they publish on their website, but there is still a huge potential risk for an individual’s most delicate and important private information being made available to other advertisers and who knows who else.

It is just something to watch for when getting an insurance quote online – to realise that you are giving away a huge amount of your personal information that could potentially be used by anyone to target you with advertising or for other reasons.