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lowestpremium.com Asks: Are You Paying Too Much for Auto Insurance?

28 March 2000

lowestpremium.com Asks: Are You Paying Too Much for Auto Insurance?
 lowestpremium.com Challenges Bay Area Drivers to See How Much They Can Save
                              On Auto Insurance


    SAN FRANCISCO, March 28 Motorists in the Bay Area have the
benefit of a new Web service offering a fast, convenient way to shop for,
purchase and -- above all -- save money on auto insurance -- lowestpremium.com
( http://www.lowestpremium.com ). Consumers are saving an average of $500 with
the whole process accomplished from the comfort of home or office in the time
it takes for a coffee break.
    "Every driver believes he or she is paying too much for auto insurance,
and the odds are they're right, by an average of almost five hundred dollars a
year," said Mark Folk, lowestpremium.com CEO and a former senior executive of
one of America's largest auto insurers.
    lowestpremium.com collects user information provided by consumers after
filling out the easy-to-use online application. The online service, which has
access to the rates of over 200 companies offering insurance in California,
utilizes proprietary technology that instantly displays the 10 lowest quotes
to the customer. Once the desired quote is selected from the list provided,
lowestpremium.com electronically forwards the necessary information to a local
insurance agent, who contacts the consumer directly and completes the process.
    "Many of the insurance companies whose rates are represented on
lowestpremium.com are household names," said Folk. "Since we launched our
company in Fresno in November, we have been pleased by the tremendous
response. Clearly consumers prefer to have the average annual savings of
$500 in their bank accounts, rather than paying it to their former insurer!"
    lowestpremium.com ( http://www.lowestpremium.com ) is the URL and service
mark for the Lowest Premium Insurance Services, Inc. Lowest Premium Insurance
Services, Inc. is a licensed insurance agent/broker in the state of California
(License Number 0C69128).