It will help consumers save money on their auto insurance bills and help participating insurers to cost-effectively attract new customers. Auto insurance will further expand our financial services offerings. Clearly, this approach to selling automobile insurance represents a significant threat to independent agents' market share and it is one that should be watched closely. Moreover, the questions raised by this approach should be considered carefully. Some state insurance departments, for example, dictate the rates that must be charged for auto insurance or, at least, have a flex rating system to keep auto insurance rates within certain levels to protect companies from under-pricing themselves out of the business.
Price is only one element to consider when buying auto insurance.
First, there is the already-mentioned move to sell term life insurance over the Internet. If the traveler's ticket offer is not successful, the insurance program is not charged. Right now, it's travel insurance. Next, term life insurance.