If you are looking for a new insurance plan, it is important to do your research carefully. There are many good insurance companies out there, but there are many that will just end up costing you money. Doing research will help you make an informed decision; however, you still need to have an effective way of recording your research so the information you get will be easy to analyze.
Excel can be very helpful for recording the results of research. You can use the excel structure to record the information you find and display it in an easy to read way. In one row you can display all the names of the insurance companies you’ve researched (21st Century Insurance, Geico, etc.), and in the columns you can display the characteristics that you are looking for (price, total coverage, deductible, etc.). It will be easy to see what each company has to offer.
You can do many more things with Excel that you couldn’t with a regular list. For instance, you could order the insurance companies by name, you could order the companies by cost per month, put the insurance companies that offer monthly payments at the top, and otherwise customize organization. With the sorting, randomizing, and visual functions that Excel has available, you can determine which insurance company is best for your needs.
This will work any time you need to compare, sort, and compile data. You could use it for tracking differences between car companies, homes, or universities too. With Excel, it is easy to track information and display it in a way that makes information more visual, aiding good decision making. After all, visual information is much easier for many people to read and understand.