If I have a function, the inverse function, by definition will be a reflection of the original function in the line $y=x$, so if I wanted to find the point of intersection, instead of solving it with equating both of the functions to equaling each other, could I assume that the point of intersection, between the two functions, will always be at the point $y=x$?
This would enable me to solve problems much easier, instead of having to solve quartic equations, for example.
Not necessarily. If $f(x)=-x$, this implies that $f^{-1}(x)=-x$, (since $f(f(x))=f(-x)=x$), so the graphs of $f$ and $f^{-1}$ intersect everywhere.
Another example is $g(x)=-\frac{1}{x}$, which is also its own inverse, but doesn't intersect $y=x$ at all.