All of the following statements about the online insurance industry are true except:
A)the Internet has lowered search costs, increased price comparison, and decreased prices to consumers for all forms of insurance.
B)websites of almost all the major firms provide the ability to obtain an online quote.
C)According to comScore, the online channel is consumers' preferred method for shopping for auto insurance policies.
D)the industry has been very successful in attracting visitors searching for information.

Question

Quizplus · Accepted Answer

The Internet has not decreased prices to consumers for all forms of insurance; while it has lowered search costs and increased price comparison, prices can vary based on other factors.

All of the Following Statements About the Online Insurance Industry