Money - The Hi-Tech Investor: Direct Line offers high-speed insurance on the net
Sunday 12 September 1999
Direct Line has high hopes for selling insurance online. The company expects 15 per cent of its motor business to come over the internet by the year 2003.
The new site has added an area called Quote and Buy, which gives online quotes. If visitors like the quotes, cover can be taken out directly with a credit or debit card.
Whether they will depends largely on how old they are, and where they live. Direct Line, like several other direct insurance companies, tends to be more expensive for younger people and for people living in cities.
For example, for pounds 15,000 of contents cover for a two-bedroom flat in Camden, north London, Direct Line's premium is pounds 183.75. A quote from telephone insurance broker, Berry Birch and Noble, comes to pounds 99.52 for the same cover with General Accident. Increasing the cover to pounds 30,000 costs pounds 322.35 with Direct Line against pounds 112.46 with GA through Berry Birch and Noble.
Move to the suburbs, and Direct Line becomes more attractive. Its quote to cover a four-bedroom, detached house in Middlesex is pounds 541.80, including contents cover of pounds 38,000. The same house would cost around pounds 1,000 to insure with several other companies.
Direct Line's web-based quote system is easy enough to use, and it lets visitors save their quotes and come back to them later. However, it is not as quick as the publicity suggests. Checking one quote and adjusting different options such as the sums insured, personal possessions or the type of security at a property can take closer to 20 minutes than two.
The company doesn't offer any extra discounts for taking out policies online, even though this saves it a fair amount of administration. Several general insurance companies do give reductions to internet users. They might only amount to a few pounds, but it does makes the process feel more rewarding.
Direct Line, www.direct-line.com
Stephen Pritchard can be contacted at: Hiemail@example.com
- 1 Game of Thrones season 6: Jon Snow theorists believe Ned Stark's son may have a twin sister
- 2 Artist takes LSD, draws herself over different stages of the 9-hour trip to show its effects
- 3 Miley Cyrus address Robin Thicke VMA controversy: ‘He wanted me as naked as possible, but I got the heat because I’m a woman’
- 4 iPhone 6s camera: features to include 4K video camera and flash for selfies
- 5 A pint of water every day is the key to losing weight, scientists say
Miley Cyrus address Robin Thicke VMA controversy: ‘He wanted me as naked as possible, but I got the heat because I’m a woman’
Most expensive city to live in for expatriates: Luanda, Angola takes number one spot with Hong Kong and Zurich in top three
If Surrey were Syria: Social experiment shows what it's like to live under siege
Irish tourist filmed fighting with shopkeepers in Turkey says they 'messed with the wrong man'
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal get peerages
Dresden riots: Protesters in Germany attack refugee buses shouting 'foreigners out'
France train shooting: US soldiers speak of the moment they stopped gunman and 'beat him until he was unconscious'
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...