South Korea To Go Online With Car Insurance Quotes

September 24th, 2009 by Lloyd Pro Group Inc.

Its hard to believe that South Korea hasn’t gone online with Car insurance quotes yet. Here in the states we are spoiled. Anyone can type in “Atlanta Car Insurance“  and find dozen of websites that offer car insurance quotes.

South Korea is a democracy and is now giving their people the choice for the first time to be able to buy car insurance online or the traditional way through an insurance agency.

Reuters tells us that Samsung, AXA and Ergo are doing their best to get a share of the $9 billion dollars of premiums. Notice what the article has to say:

“SEOUL, Sept 24 (Reuters) – Auto insurance companies in South Korea, led by Samsung Fire & Marine Insurance , are scurrying to build a presence in the online market, in which French insurer AXA and Germany’s Ergo had already established a niche.

AXA  and Ergo  have been major beneficiaries of the shift to cheaper online car insurance policies from offline channels since 2001 in South Korea, where 18 million vehicles are registered. That means almost every household owns a car in the world’s No.7 insurance market.

Competition could intensify as online insurers continue to rely on customers to switch from offline products in the saturated car insurance market, valued at $9 billion by premiums.

Insurers who had stuck with offline sales are also broadening their range of online products, which are about 10-15 percent cheaper, to cover travel accidents, medical expenses and household injuries

Resources say that eventually the online auto insurance market could represent almost 30 percent of South Korea’s overall auto insurance market in five years.

Why is online car insurance growing in popularity?

  • First of all it allows you to shop several insurance companies at one time without having to tie up a whole lot of time on the phone.
  • For those that don’t like to talk on the phone it is also a good option
  • It is often less expensive

On the other hand there are many benefits to speaking with an Atlanta insurance agent, versus simply filling out a form and dealing with a faceless company.

When you speak with an Atlanta insurance company you get to communicate with a professional that will find out exactly what you are trying to protect. They will ask you questions to probe and find out any hidden liabilities that you might unintentionally leave exposed. Then they will give suggestions to protect you, your family and business that a simple online insurance form could never assist you with. Best of all, many these ideas will only cost a few more cents a day to add to your premium.

Lloyd Pro Group is a GA insurance agency that gives you the option to either fill out a form or to communicate by phone or email so that they can best assist you and your needs.

Feel free to call (770) 381-5000 now or click here for an online form.

Proudly serving our clients with Atlanta Home insurance through out Georgia Including: Duluth, Tucker, Lilburn, Lawrenceville, Buford, Norcross, Braselton, Gwinnett county, Decatur,Dekalb county, Stone Mountain, Lithonia, Conyers, Forrest Park, Jonesboro,Douglasville, Villa Rica, Austell, Hiram, Powder Springs, Lithia Springs, Smyrna, Marrietta, Vinings, Dunwoody, Roswell, Atlanta, and Cobb county Ga

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