YouZoom.com Expands Online Insurance Offering to Arizona; Arizona Drivers Now Can Comparison Shop, Purchase Auto Coverage Online
19 September 2000
YouZoom.com Expands Online Insurance Offering to Arizona; Arizona Drivers Now Can Comparison Shop, Purchase Auto Coverage Online
SAN DIEGO--Sept. 19, 2000--YouZoom.com has expanded its online insurance offering to give consumers in Arizona the ability to comparatively quote and instantly purchase auto insurance online. YouZoom is now the only company in Arizona closing insurance transactions entirely over the Internet on behalf of multiple insurance companies, according to President and CEO Kieran Sweeney."YouZoom's complete Internet offering -- multiple quality products to choose from, instant purchasing, a local agent and around-the-clock service -- has been very well received by California consumers," Sweeney said. "We are excited about offering consumers in other states the same unprecedented ease and convenience when shopping for insurance. Drivers in Arizona can go online to compare prices and buy insurance in a matter of minutes, while still maintaining a relationship with a professional insurance agent or broker who can answer questions and help when needed."
YouZoom is building a network of independent agent and broker Web sites where consumers can compare prices, purchase insurance, and manage many aspects of their insurance policies online. Arizona represents the first step in YouZoom's national expansion, with several additional states to be added later this fall. Other property and casualty insurance products, as well as life insurance, also will be added to the service.
A recent report from IDC confirmed YouZoom's belief that the Internet is changing the way consumers shop for and buy insurance. According to IDC's market forecast for online sales of personal property and casualty insurance, the Internet will influence 37 percent of all premiums purchased by 2004. YouZoom Network agents/brokers are uniquely positioned to fulfill the growing demand for online sales and service, Sweeney said.
To access Network agents/brokers, consumers can go directly to a locally marketed YouZoom Network agent's site, or can be referred there by visiting www.youzoom.com.
YouZoom is an affiliate of Arrowhead General Insurance Agency Inc., which at $380 million in annual premium revenue, is one of the nation's largest privately held general insurance agencies. Arrowhead represents three of the world's leading insurance groups and more A-rated carriers than any other general insurance agency in the United States.