Las Vegas, NV (WiredPRNews.com) J.D. Power and Associates last week released the results of the 2011 version of its U.S. Insurance Shopping Study, which showed that increasing proportions of new policy-buyers are getting car insurance quotes online during the shopping process and are jumping ship to get covered by other insurers.
According to the report, two-fifths of the shoppers that were polled said they switched insurers during the one-year period preceding the survey. In 2010, one-third of respondents reported doing so.
Also, the proportion of those consumers who ended up opting to buy auto insurance online has grown since 2007, according to the report; but that portion remains overshadowed by those who finally decided to go through agents when it came time to purchase a policy. A little over half of respondents ended up going through agents, while under one-third made their final purchase over the Web.
Although J.D. Power and Associates reported that more and more consumers are getting quoted through the Internet, a comScore report released last month indicated that the number of quotes submitted over the Web actually decreased by 3 percent between 2009 and 2010. Between 2007 and 2010, however, the total annual volume of quotes submitted online increased by about 17 percent.
Sites devoted to generating sample rates have made it much easier for motorists to comparison-shop and see a full range of quotes, which is helpful, considering the wide fluctuation between carriers. According to the 2010 Nevada rate guide published by state regulators, for instance, sample six-month premiums for one example driver profile for a Las Vegas resident could run between about $883 and $4,854, depending on the carrier.
To learn more about shopping and purchasing insurance over the Web, readers can go to http://www.onlineautoinsurance.com/buy/ where visitors will have access to informative resource pages and a quote-comparison generator that can help motorists find the best rates for coverage.