Online Insurance is a booming industry. Most companies allow you to insure over the internet as it makes buying insurance easy and convenient. Additionally, it is based on a "good faith" model. If any information given by either party is false, the contract is rendered null and void. For most people their insurance payouts are essential, so lying on the application and then having a claim refused because of irregularities in the policy could be catastrophic. Online insurance has also seen a tremendous rise in insurance quotation websites. These can be very helpful when shopping for insurance as they allow you to enter your details into a single form and then they supply you with a list of quotes from different insurance companies. Although this is incredibly convenient, it is advisable to consider using multiple online insurance quotation companies. The reason is that many online insurance quotation companies only provide quotes for insurance companies that belong to one or two insurance groups, rather than providing quotes independently from multiple insurance groups.