What is an Online Insurance Marketplace?

In addition to being a comprehensive resource for all your car insurance questions, CarInsurance.com is also considered an online insurance marketplace. An online insurance marketplace is almost like a mall located on the Internet. It is a site that allows you access to the rates of many different insurers all at once so that you have the power to make an informed decision and buy the best, most affordable policy out there.

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Here are just a couple of the ways an online insurance marketplace benefit you over the traditional car insurance buying model:

• More choices. When you go to one car insurance company to get rates, you are only given the rate information for that company. With an online insurance marketplace, you can see the rates of several companies.
• Compare your risk. Each company may view your "risk" differently than the others. It is in your best interest to choose a company that decides you are lower risk than others might, and an online insurance marketplace allows you to compare that.
• Different limits and deductibles. Each car insurance company has its own insurance models. Using an online insurance marketplace to choose your car insurance policy allows you to see which companies offer the deductibles and limits you are looking for.