27% Would Buy Car Insurance from Apple, Amazon and Google
Well known brands such as Apple, Amazon and Google make billions every year, but could they enter the car insurance market? Possibly…
Some people in the UK would buy car insurance from them anyway, with 27% of people admitting in a recent survey that if Apple, Amazon, or Google offered them a policy, they would take them up on the offer.
That actually wouldn’t be too much of a problem when you think about it, because most people have either an account with Apple, Amazon or Google. Some have all three.
Self Driving Car Insurance
Not only that, but as I have reported about before, all of these companies are looking to get into the self driving car market, with the race well and truly on to see who can get a decent car out there first.
Once they are selling Apple, Amazon and Google self driving cars, it will be natural to offer insurance with a purchase.
Does this mean the end for traditional car insurance companies you might be wondering? In my opinion…no, for the basic reason that the consumer market for car insurance is very price driven, where motorists like to shop around for quotes in order to get a cheap deal.