These online practices are best for car insurance companies trying to sign up drivers

2018-03-14T10:06:55+00:00 January 10th, 2018|Automotive, Digital Sales Scan, Finance Industry, Insights & Best Practices|

If you own a car in the United States, you better have car insurance. Car insurance is compulsory in every state except for New Hampshire, and even there the consequences of getting into an accident without insurance can be disastrous for your wallet. With every auto-owner in America in need of insurance, WUA set out to find what car insurance companies are doing best to attract customers online.

For this Digital Sales Scan, respondents were instructed to imagine that they would like to get car insurance for their new car. The respondents were free to go online and find an insurance plan from any company that best fits their needs. Let’s take a look at what online practices impressed the respondents of our study most.

Liberty Mutual assures the customer of a swift, easy process in advance

Finding the right car insurance plan is more of a chore than it is anything else, so it helps to make the experience of getting insurance seem as painless as possible. This is something Liberty Mutual does well. No matter which car insurance website you go to, you will always be met with a ‘Get a Quote’ page that starts by asking for your zip code. What makes Liberty Mutual stand out is the texts and icons they have displayed on the lower-middle part of this page.

The Boston-based company, which ranked top of the list when it came to the look & feel of their website, tells drivers in advance what to expect when getting a car insurance quote online. Customer are assured beforehand that the questions they will be asked are simple, that the quote will be accurate, and that it will take under 10 minutes to complete. On top of that, potential customers are also told they can return later if they’re not ready to purchase. The accompanying icons help to convey that message, and encourages car-owners to go ahead with getting a quote.

Car Insurance Insights Update October 2017

Want more insights into the online car insurance market? We have a razor sharp image of the market position and results. For more information and results download the free WUA Car Insurance Insights Update October 2017.

In this update you will find:

  • Free results & top scores per aspect of the Digital Sales Model in this study (October 2017)

  • Who do customers choose for most? (October 2017)

  • Conversion: of the respondents that find a provider, how many choose that provider as their top choice? (October 2017)

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Step by step: State Farm provides a clear overview of the entire process

While Liberty Mutual left the most welcoming first impression on their website, State Farm was ranked best when it comes to getting customers to continue getting a quote on their website. One of the main reasons is that State Farm displays the eight steps that must be completed before getting a quote. At the same time, the site also displays the progress drivers are making when filling in the necessary information.

State Farm also takes a proactive approach during the quote process. Based on the address that the respondent punches in, State Farm displays the automobiles already registered at that address and offers a bundle insurance plan. The respondents of our study proved to be pleased by State Farm’s overview of the whole process, with a remarkable 89% of our respondents continuing forward on the website after first arriving to it.

Geico reels in customers with a good deal

A nice website will attract potential customers, but when it comes to car insurance, drivers simply want a good deal. In our study, Geico didn’t finish atop the rankings for the look & feel of their website, nor did they finish best in terms of brand. What Geico did rank best in was product offer, finishing with a score of 82.

Source: NerdWallet.com

According to Nerdwallet.com, customers of Geico have an average quote of $1,297 a year. Progressive customers on the other hand have an average quote of $2,821 per year. That’s more than double the price of Geico. The difference in price may be a key factor why respondents ranked Progressive, which finished highest in terms of findability, behind Geico in the category of preference. Geico’s low rates may also explain why the company finished best in this Digital Sales Scan.

WUA’s Digital Sales Scan

While our Digital Sales Scan displays a number of superb practices that other insurance companies should emulate on their own websites, there are many other insights we can extract from the data. WUA independently measures the customer journey of online markets to discover who provides the best online customer experience and the best practices across industries. Based on this data, WUA’s digital experts can create a custom-tailored report for your website to improve the customer journey step-by-step.

Each Digital Sales Scan report includes market best practices both inside and outside your industry, recommendations and customer feedback on each step of the customer journey, and screenshot analysis to help your team create a better website and drive conversion. Read more about the Digital Sales Scan here.

The Digital Sales Scan Report: Car Insurance 2017

WUA can create custom-made report including all Digital Sales theme scores and recommendations on problem areas for your website. It gives direct insight how to optimize the customer experience and increase conversion. Additionally, each report includes:

  • Discover all the providers that consumers are finding in your product market.

  • Know where you stand relative to consumer-expectations and experience that others in the market.

  • Know your major improvements and highest priorities for conversion optimization

  • Learn from best practices within and outside your industry and learn from the best

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