Electric Insurance Joins Intuit's Quicken InsureMarket
28 December 1998
Electric Insurance Joins Intuit's Quicken InsureMarket Offering Online Auto Policies in 6 States
MOUNTAIN VIEW, Calif.--Dec. 28, 1998--Online Insurance Leader Quicken InsureMarket Now Provides More
Rate Quotes For Drivers To Compare, More Purchase Options
Than Other Online Insurance Sites
By joining the Quicken InsureMarket(R) service (http://www.insuremarket.com) from Intuit Inc., Electric Insurance Company provides consumers in six states with the utmost in online shopping choice and convenience for purchasing auto insurance to date.
Electric Insurance Company of Beverly, Mass., recently joined Quicken InsureMarket offering real-time auto insurance rate quotes and online policy purchase services in Alabama, Colorado, Connecticut, Indiana, Washington and Wisconsin. Early next year additional states are expected to be added, including California, Florida, Illinois, Ohio, Virginia and New York.
This is a key development for consumers because it creates the first site where a driver can enter information and receive quotes from more than one company for policies available for online purchase.
"The Internet makes it possible to introduce many innovations in products and services for consumers, and Electric Insurance is committed to leading the way in delivering these enhancements to a nationwide consumer audience," says Steven Paul, Electric Insurance Marketing Manager. "Giving consumers the ability to do business with Electric Insurance online gives us another opportunity to showcase our company's competitive prices and extraordinary customer service, the keystones to our success as a company. We're proud to be working with Intuit and Quicken InsureMarket to make the Internet's potential a reality in helping consumers save time and money."
"We are building a marketplace that enables comparison shopping and purchasing so consumers do not have to go searching from site to site, entering the same information time and time again in order to seek savings on their insurance," says Steven Aldrich, president of Intuit Insurance Services, Inc. (IIS).
Quicken InsureMarket is the leading insurance site on the Internet, with participation from major, national insurance carriers, and the ability to offer real-time rate quotes and online payment options, which can speed the process of buying insurance. The full-service site also features a library of educational material so consumers can learn more about insurance, as well as interactive insurance planning tools and information from independent insurance experts. Visitor traffic at Quicken InsureMarket has expanded rapidly, reaching 4 million unique sessions for the year-to-date, as of October 31, 1998, which is four times greater than the 1 million sessions for 1997 as a whole.
Intuit's IIS subsidiary or its designated employees are licensed as insurance agents for life and health in 50 states and Washington, D.C., and as agents for property and casualty in 50 states and Washington, D.C. IIS also associates with licensed resident agents in those states where insurance transactions must be conducted with or through resident agents.
About Electric Insurance
A direct writer of auto and homeowners insurance, Electric Insurance Company was founded more than 30 years ago to provide quality, economical insurance products to employees of General Electric Company. Electric Insurance has expanded to service the insurance needs of the general public and now sells insurance products in 47 states. As a direct writer, Electric Insurance offers its policyholders the benefit of dealing first-hand with their insurance company, providing additional opportunity for cost savings. In addition, the company continues to invest in state-of- the-art technologies to expedite processes, reduce costs and enhance customer services.
About Intuit
Quicken InsureMarket is part of Quicken.com (http://www.quicken.com), which provides individuals with information and software tools to help them make better financial decisions. It then provides links to leading financial service providers so consumers can implement those decisions more conveniently than ever. Quicken.com content is also offered at some of the most widely accessed sites on the Internet, as the exclusive provider of personal financial tools on such sites as CNNfn (http://www.cnnfn.com/quickenonfn) and Excite (http://quicken.excite.com). Quicken InsureMarket is also a primary source of content and programming on the Insurance Center on America Online (keyword: Insurance).
Intuit Inc. , a financial software and Web-based services company, develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling tax preparation software; and QuickBooks, the most popular small business accounting software. Intuit's Quicken.com (www.quicken.com) offers a complete set of personal finance news, information, and tools, including the leading mutual fund and insurance sites. Intuit's products and services enable individuals, small businesses, and financial professionals to better manage their financial lives and businesses.
Intuit, the Intuit logo, Quicken, InsureMarket, QuickBooks, QuickBooks Pro, TurboTax, MacInTax and ProSeries, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Quicken.com, BankNOW, QuickenMortgage and Quicken Financial Planner, among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.
