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InsurQuote Powers ReliaQuote.com's New Auto Insurance Offering

17 February 2000

InsurQuote Powers ReliaQuote.com's New Auto Insurance Offering

    PROVO, Utah--Feb. 16, 2000--

InsurQuote's TransAct Product Provides ReliaQuote.com with
Value-Added Shopping Service for Consumers and a New Revenue
Opportunity in Auto Insurance

    InsurQuote Systems Inc., the leading provider of integrated insurance rating, today announced that it will provide ReliaQuote.com consumers with instant auto insurance quotes, through InsurQuote's TransAct software.
    Under this agreement, ReliaQuote.com will use TransAct and its QuoteSearch technology to provide consumers with instant rating and online policy information. ReliaQuote.com will then use InsurQuote's backbone technology to connect the consumer to an insurance company or call center that can complete the insurance policy.
    "ReliaQuote.com has quickly established itself in life insurance sales," commented Steve Snow, InsurQuote vice president of consumer sales. "InsurQuote's auto insurance technology will now enable ReliaQuote.com to provide their consumers with a valuable service in the auto sector without having to build up technology or establish carrier relationships."
    "Through InsurQuote's software, we are able to quickly provide comparative auto insurance quotes to compliment our existing product portfolio of life, home and renters insurance," said Will Jerro, ReliaQuote.com president. "We chose the InsurQuote product from other offerings because of its ease-of-use for the consumer and the relationships InsurQuote has established with insurance carriers."
    "Adding competitive auto quotes from a variety of insurance companies lets our users know they are getting the best deals, along with the best service when they are using the ReliaQuote.com site," added Jerro.
    InsurQuote's TransAct product allows consumers to shop and compare insurance rates within the pre-existing framework of ReliaQuote.com. InsurQuote will initially provide ReliaQuote.com with content for nine states, with coverage to additional states increasing rapidly over the next few months.

About InsurQuote

    InsurQuote Systems Inc. is the leading provider of integrated insurance rating solutions to the agency, company and consumer markets. These solutions utilize InsurQuote's sophisticated comparative rating engine that enables the comparison of multiple carriers for auto, home and commercial insurance products. In the emerging online insurance shopping environment, InsurQuote leads the way combining a nationwide comparison of auto insurance rates with a complete e-commerce fulfillment solution. Headquartered in Provo, Utah, InsurQuote also has offices in Beachwood, Ohio, College Station, Texas and San Francisco, Calif. The company services thousands of insurance agencies, companies and consumer organizations nationwide. The InsurQuote Web site is available at www.insurquote.com http://www.insurquote.com.

About ReliaQuote.com

    ReliaQuote.com, the No. 1 rated Internet based insurance service, provides consumers with access to valuable insurance shopping resources for life, auto, home and renters insurance. The ReliaQuote.com Web site provides free comprehensive information, news, tools and instant insurance quotes. Since its inception in 1998, the company has helped tens of thousands of people shop for and save money on insurance products. ReliaQuote.com has received numerous accolades including being named "Forbes Favorite" life insurance Web site in Forbes Magazine's Fall 1999 Interactive Money Guide - "Best of the Web." In addition, SmartMoney rated ReliaQuote.com the No. 1 Online Insurance Broker in September of 1999. ReliaQuote.com's headquarters is located in McLean, VA and the Web site address is www.reliaquote.com http://www.reliaquote.com.