Millennials – those individuals born between 1980 and 1996 – have a reputation for being disrupters of the status quo. As a whole, these young adults have no problem challenging the norms in every aspect of society – including in the areas of insurance and finance.
Tradition aside, millennials are taking matters into their own hands by researching, shopping and comparing car insurance online. While there are some benefits to taking this approach, going about this process in the wrong way can also lead to some major problems down the road.
Continue reading to find out the lessons Waukesha drivers can learn from millennial behavior when it comes to getting online car insurance quotes.
Lesson #1: Online car insurance quotes save time and money.
Millennials now make up the largest portion of the U.S. population. As a generation shaped by the availability of technology, young adults do not shy away from the conveniences afforded by a more connected society. As a result, millennials are unlikely to purchase car insurance from a company just because their parents do, and more likely to take matters into their own hands.
It’s a lesson other drivers can learn from. Sticking with an insurance company just because you’ve been there for 10 years could actually hurt you in the long run. Not only does shopping and comparing rates force insurers to compete for your business, but it also helps shield you from ‘price optimization’ – a practice some companies engage in to raise rates on customers they believe are less sensitive to price increases.
Lesson #2: Where you get your online car insurance quote matters.
All online car insurance quotes are not the same. Whereas there are entire sites dedicated to providing quick quotes, this type of rapid feedback is often based on incomplete information. Not to mention, many companies will spit out low-ball quotes for bare bones coverage that does very little to protect you after an accident. Online car insurance quotes should not be considered if they are not provided by a highly rated, reputable Wisconsin car insurance company. After all, you need to know your insurer will come through for you if you need to file a claim.
Lesson #3: Shopping online is no replacement for a face-to-face meeting.
It is possible to know just enough about car insurance to hurt yourself if you shop for it alone. Going online to request a quote for car insurance should be a starting point for a longer conversation with an independent agent. Relying on an Internet quote alone can be dangerous and put you at risk of insufficient coverage. By working with a professional, you can find competitive coverage that more adequately fits your needs.
Instead of requesting car insurance information and sorting through the options on your own, consider requesting an online car insurance quote from the website of an independent agent in your town or the surrounding area. You will still have access to quotes from multiple insurance providers, only with the professional assistance and impartial guidance of a trusted agent.