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FinanCenter.com Auto Insurance Study Finds One Ticket Can Increase Rates By 16%

20 September 2000

FinanCenter.com Auto Insurance Study Finds One Ticket Can Increase Rates By 16%

    TUCSON, Ariz., Sept. 20 A recent sampling of online auto
insurance providers taken by FinanCenter.com has found that a poor driving
record is a significant factor in higher rates.
    For example, FinanCenter.com has discovered that a single citation can
result in an insurance rate increase of between 11 and 16 percent.  The lower
the initial rate, the greater the increase.
    Other factors on which FinanCenter.com has also observed that rates are
highly dependent upon include vehicle make, home address, age, and marital
status.

    Annual Rates for Auto Insurance Graphic
 http://www.financenter.com/corporate/press/releases/images/09192000_autinsrates.gif

    "We encourage customers to reappraise their insurance policies.  The Web
makes shopping a breeze, and online insurance sites are presently offering the
best rates," said FinanCenter.com President and CEO Sherri Neasham.
    Each month market researchers at FinanCenter.com anonymously shop national
online auto insurance providers (17 in August), comparing the rates and
features.  Consumers can set their priorities and sort through options to find
the best fit of rates and features at
http://financenter.com/compare/insurance/autoins.fcs.

    About FinanCenter.com: FinanCenter.com, the number one
business-to-business source of interactive personal finance tools, currently
offers comparisons of 40 different types of products and services,
135 self-help calculators, and 9 categories of educational guides to help
consumers make informed decisions quickly and easily.  FinanCenter.com's
clients and partners include America Online, Yahoo!, USA Today, Citibank, GE
Financial Services, Nasdaq, The Motley Fool, PricewaterhouseCoopers, Principal
Financial Group, and many others.
    FinanCenter.com's demonstration site, http://www.financenter.com , was named the
Best Calculator Site by Forbes Magazine, one of the Top 50 Web Sites by
Yahoo!, Editor's Choice by Snap.com, and Cool Web Site of the Day by CNBC.

    For more information please contact Glenn Weyant, Public Relations
Specialist of FinanCenter.com, 520-615-6646, gweyant@financenter.com