Shopping for Auto Insurance ... Past, Present and Future
19 September 2000
Shopping for Auto Insurance ... Past, Present and Future
COLUMBUS, Ohio--Sept. 19, 2000--According to a recent nationwide Bruskin Research survey sponsored by lowestpremium.com, 75 percent of Americans respond to their auto insurance renewal notifications by simply paying the bill - no questions asked. Many don't realize that the auto insurance industry is highly competitive, resulting in far-ranging pricing for like policies that generates savings most consumers are unaware of. If only they would shop ...The Past ...
To get an auto insurance policy, motorists had to hunt through the phone book for local agents or gather recommendations from friends. Then, they had to call each of the agents, set up an appointment or give all their information over the phone, and wait to receive a premium quote - the ultimate game of phone tag.
The Present ...
Insurance companies such as Geico and Progressive have entered the scene, touting that they are different because they provide consumers quotes quickly or they provide rates of competitors. But both Geico and Progressive sell insurance; they are not objective shopping sources and don't always provide the lowest rate.
The Future ...
The future actually is now. Consumers are empowered to shop for auto insurances rates - quickly and easily - thanks to the Internet and lowestpremium.com, an Internet company that provides consumers with the broadest access to the lowest auto insurance rates, empowering them to realize significant savings from reliable and trusted national insurance providers.
lowestpremium.com is not an insurance company, so customers shop with the confidence of knowing they will receive access to unbiased low rates from multiple companies.
--Consumers fill out a fast online form (it takes approximately 10
minutes).
--They instantly receive up to 10 of the lowest insurance quotes
from reliable and trusted national insurance companies.
--Then, they simply click on the quote they like best. Within
hours, a local insurance agent calls them to finalize the
policy.
The Savings ...
According to Forrester Research Inc., the No. 1 reason consumers will shop online for auto insurance is cost savings (April 2000 report, "P&C Insurance Death Spiral"). According to the Bruskin survey, 57 percent of consumers say they would shop if they could save up to 25 percent on their auto insurance. The average savings for consumers who use lowestpremium.com is 41 percent, or about $400.
About lowestpremium.com
lowestpremium.com is an Internet company that provides consumers with the broadest access to the lowest auto insurance rates, empowering them to realize significant savings from reliable and trusted national insurance providers. lowestpremium.com sifts through insurance providers, including leading companies such as Allstate, Farmers, Progressive, Traveler's, Safeco and Hartford, to identify several of the lowest quotes, then selects local agents who are pre-screened for their commitment to high-quality customer service. lowestpremium.com's web site is easy to use, and once a customer has provided basic information that is readily at hand, lowestpremium.com does all of the work by gathering and comparing prices for auto insurance. Quotes are also available by calling, toll-free: 800-660-2459.
SOURCE: lowestpremium.com