Technology's Impact on Car Insurance Costs

LOS ANGELES, Oct. 31, 2017 /PRNewswire-iReach/ -- Carinsuranceshoppingsource.com has released a new blog post presenting the impact of technology on car insurance.

Technology can have a major impact on the auto insurance industry. New ways to connect with clients can enable agencies to deploy technology that will help them gain a better understanding of their customers and measure costs more accurately.

Telematic devices have already made a big difference in the industry. By connecting their vehicle to a server monitored by the agency, drivers can give data about their driving patterns and habits. This data is then used by agencies to determine coverage prices with a higher degree of accuracy.

Furthermore, the agency will know when an accident happens and will have all the information necessary to assess who was at fault. This not only eliminates the risk of insurance fraud, but it also helps clients claim benefits in a more seamless way.

Are auto insurance prices going up?

Technology that allows for better connectivity between the drivers and agents can make auto insurance cheaper. However, adoption of telematics car insurance can be slow, as many car owners are uncomfortable with the amount of data they share.

Clients can see how much it would cost them to buy auto insurance for their vehicles by comparing online car insurance quotes at http://carinsuranceshoppingsource.com. The website has important connections in the insurance industry and clients can review multiple policies in just a few minutes.

"Technological advances may have a big impact on the car insurance industry. We have outlined the main developments that are taking place in the segment," said Russell Rabichev, Marketing Director of Internet Marketing Company.

Carinsuranceshoppingsource.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://carinsuranceshoppingsource.com.

Media Contact: Russell Rabichev, Internet Marketing Company, 800.475.3410, russell@internetmarketingcompany.biz

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SOURCE Carinsuranceshoppingsource.com



2017

Categories

Money, Business, Automotive


Tags

Automotive, Transportation, Trucking & Railroad, Banking & Financial Services, Insurance



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