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Online motor insurance increases in popularity

Fri, 16 Dec 2005

The popularity of online Motor Insurance with consumers greatly increased during 2005, and the market is set for further growth over the next 12 months.

Research by Sainsbury's Bank predicts that between June 2005 and June 2006, 4.8 million people will apply online for a wide range of financial products, an increase of 23 per cent form the previous year.

The most popular online products include Motor Insurance, life insurance and credit cards.

Kevin Barrett, director of e-commerce at Sainsbury's Bank, has attributed the rise in consumer confidence with conducting their finances online to not only increased internet security, but also the emerging on-demand culture.

"The internet has become an important life tool, playing an increasing role in the way we conduct our daily affairs, whether it's shopping, booking a holiday or sorting our finances," he said.

"The web plays a crucial role in the financial services industry, helping to provide customers with a convenient way to manage their finances. Society now operates 24 hours a day, seven days a week and as such the 09:00 GMT to 17:00 GMT traditional banking model is being left behind."


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Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.