Are You Buying Your Car Insurance Online in Denver?

Aug 1, 2021 | Personal Insurance

Why Are You Buying Your Auto Insurance Online in Denver?

Buying online is the new normal. More and more people are buying the things they need through online shopping. From home essentials, personal care to gifts and luxury goods, all you need is to go online and click, click, click. In just a few minutes, you are done shopping. All you need is to wait for a few days or sometimes just a few hours and your items will be delivered. 

Aside from the wide array of products available on the World Wide Web, there are still a lot of things you can buy online with just a few taps on your keyboard. One example is insurance. You can choose to purchase your home insurance, life insurance, and health insurance. And one of the most popular purchases is car insurance this is whether you’re in Denver, CO or anywhere else in the world.

Auto Insurance

Auto insurance is mandated by almost every state. It can protect you from financial losses in cases of theft and accident. It provides a wide variety of coverage to protect you and others. There are several types of car insurance coverage that you can avail of online. 

  1. Liability Coverage

If you are found to be at fault in an accident, this coverage will help cover any damage to the other driver’s property and body injuries. Medical expenses by the other party will be covered as well as damage to the other car. 

  1. Collision Coverage

This type of policy covers damages to your car as a result of a collision with another car or inanimate objects such as trees, fences, or posts. Physical injuries are not covered by this type. 

  1. Personal Injury Protection (PIP)

When you get injured in an accident or collision, personal injury protection covers the medical bills, procedures, and rehabilitation if needed. Also included in the coverage are lost wages and funeral expenses in case of death.

  1. Comprehensive Coverage

This type pays for car damage not caused by a collision. This is especially useful if you live in a disaster-prone or unsafe area. The list of damages included are:

  1. Vehicle theft
  2. Fire
  3. Fallen objects
  4. Earthquakes
  5. Floods
  6. Storm
  7. Vandalism
  8. Riot
  9. Windshield damage
  10. Gap Insurance

Gap insurance is for those with car loans or who are leasing a car. This would pay out the difference between the balance of your loan or lease and the value of your car.

Pros and Cons of Buying Online

Pros of Buying Car Insurance Online

  1. Convenience

You can purchase your car insurance online even from the comfort of your own home. No need to go to the insurance company to talk to an agent. Anywhere you have an internet connection, you can purchase online. 

  1. Easy Comparison

You can easily compare different types of coverage that are applicable to you. Browsing through the offers of different insurance companies will be a breeze. This will eliminate the persuasive power of an insurance agent. 

  1. Less Paperwork

If you have tried buying online, you will notice that there is almost no paperwork that needs to be submitted or filled out. Normally, only the basic details are needed and you are done. You need not keep bulky papers as well when you buy online. Everything will be digital that you can keep on your cloud. 

  1. Saves Time

Buying online saves you so much time that you would want to buy everything online from now on. There will be no more commute and endless meetings and discussions with your agents. Just go online, choose what coverage you want, pay and you’re done. 

  1. Discounts

Most companies give discounts for bundled coverages. Premium amounts are normally lower as there are no office expenses and agent commissions to be given.

Cons of Buying Car Insurance Online

  1. Prior knowledge on Car Insurance is Required

You will not be able to buy insurance if you do not know the first thing about car insurance. It would take a certain amount of time to do your research and know at least the basics. There are many types of coverages available and it would take time to learn about each one and decide if it is applicable to you or not. 

  1. Buying from Fraud Websites

As online shopping gets more popular, hackers are taking advantage. You may not be aware that the website you are buying from is fake. It might steal your identity and your credit card details once you are done purchasing online. Most hackers can spoof legit websites and use them to trick buyers to purchase from their site. This will compromise the details that they can use to steal your identity. 

  1. Lack of After Sales Assistance

After buying your insurance online, it will be hard for you to talk to someone regarding your concerns. Limited offline customer service is the norm of online companies. Questions will not be answered immediately and claiming can be tricky for some. If you need clarifications, it will be hard to get in touch with customer service as they automate their responses most of the time. 

  1. Availing of Bundled Offers

Oftentimes, you will be offered a discount if you avail of different coverages at the same time. Or maybe, they have already bundled different kinds of policies that you can purchase at a discount. However, you might not need them and waste money in the long run because you will not benefit from some of them. 

Is it safe to buy online?

To buy or not to buy online? That is the first question that comes to mind after comparing the pros and cons. You might think yes because of the convenience. Or maybe because you just don’t have the time to add this to your to-do list and purchasing online is the easiest option. You may be right. However, even if the disadvantages are fewer, they are more important than the advantages discussed above.

One thing we should not compromise is the risk of having your personal information used by fraudsters. Identity theft is rampant and you should always be careful with your details. Your credit card details must always be guarded as well. Imagine being robbed electronically and you wouldn’t know until your bank account is emptied or someone else is using your name. Buying insurance is also about trust. You need to trust your insurance company that they will protect you from financial loss when the time comes. Purchasing from the company thru an agent is the way to go. If you have a good relationship with your agent, you are guaranteed a more in-depth comparison of coverages and be given sound advice in terms of your needs. 

Most insurance agents are great with after-sales. They will be the ones to remind you of your due dates and even when your policy needs an update. It is very important that you update your coverage when your circumstances change as it will affect your claims in the future. 

Buying Auto Insurance: Online vs Offline

Traditionally, you are required to buy everything from a store or a sales office. But with technology today, buying online is easier and faster. Everything you need you can buy online. That is how advanced we are today with shopping. 

While it is true that buying online is convenient, there are still some things that are better purchased physically. For some, going to the supermarket browsing through the aisles is better than clicking on the tablet screen. Taking time to read the labels and seeing new products will definitely give you more reason to buy groceries yourself. Some people still love to go to their neighborhood store to support the businesses of their friendly neighbors. 

When it comes to insurance, it is wise to arm yourself with knowledge by researching online but purchasing through your agent. Talking with your insurance representative will help you better understand the coverages available. Aside from that, you will be able to ask pertinent questions and clear anything that you don’t understand. Updating your coverage in case of changes in your circumstances will also be a breeze if you have an agent to help you. 

Shopping for Auto Insurance

There are several factors to consider when you want to purchase auto insurance. The type of your car, your driving history, and your budget will all be part of your decision-making. And because there are many things to consider, you will need a trusted agent to make sure that you are buying the right car insurance for your needs. And if you bundle your auto insurance with other policies like life insurance and health insurance, you can get a substantial discount from them.

The Auto Insurance Experts from Denver, CO

Buying online will not be as successful as buying offline. You need well-trained, knowledgeable, and professional agents to provide you with the best combination of coverage for your car. At Advantage Insurance Solutions, you can get all the help you need from auto insurance experts. We not only handle Colorado insurance but also 40+ other US States. You can schedule an appointment and we will contact you at your convenience. Try us out! We won’t disappoint!