Some Industries do not want to go online as they are comfortable with opaqueness. A short thread on "Should you buy Insurance online ".

1. So my car insurance renewal was due on Nov 5th , and I went to renew it online .

2. I went to PB for renewal and off course I got 30 + calls from them and different insurance companies in next 24 hours but thats a story for another day . I looked at the quotes from various Insurance companies.

3. I had a claim in the past year and so one DIGITAL Insurance company refused to offer me insurance and others offered me premium which was like 1.3-2x of my last year premium . Well ! I never thought making a claim is so expensive . Anyhow , while I was thinking of deciding,

4. I got a message on whatsapp from a agent who also must have got my number from somewhere you know and he asked me for my last policy and gave me a quote which was 20 % less from my last policy with the same specs .

5. I thought it was fraud so I asked for the detailed quote with coverage etc and he shared it . When I compared that quote with the the online quote of the same Insurance company I was shocked .

6. I found that all the premium breakups online where same as what I have in agent quote except that the agent got a whopping 70% discount . So I called the agent and he explained to me that this discount is from Insurance company .

7. Now the interesting thing is that this agent is not anyone known to me so I am his normal customer . So I bought the insurance 70% cheaper from an insurance agent . Will I ever buy an insurance product online ever ?? I don't think so.