Car insurance news
A study by Sainsbury’s Bank has found that increasing numbers of motorists in the UK are turning to online car insurance when reinsuring.
Figures show that there has been a rise of 73% in hits on Sainsbury’s website, with the most popular products proving to be car insurance, life insurance and pet insurance.
Kevin Barrett, director of Sainsbury’s Bank e-commerce, said: “The internet has become an important life tool, playing an increasing role in the way we conduct our daily affairs – whether it’s shopping, booking a holiday or sorting our finances.”
A separate study by Mintel also found a dramatic increase in people buying online motor insurance. They found that 15% of drivers chose to purchase online car insurance in 2004, almost double that of 2003, and estimate that by 2010, 50% of drivers will have spurned the telephone and turned to the web for their insurance needs.
It is thought that reasons for the rise in popularity of online car insurance include that it is now cheaper, quicker and easier than ever to buy online with website technology and faster connection speeds.