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Quotesmith.com Signs Deal To Provide XOOM.com's 8 Million Members With Instant Insurance Quotes

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 6/1/1999


Quotesmith.com Signs Deal To Provide XOOM.com's 8 Million Members With Instant Insurance Quotes

 

 

DARIEN, Illinois (June 1, 1999) -- Quotesmith.com, Inc., a provider of instant insurance quotes from over 300 insurance companies on the Internet, today announced an agreement with XOOM.com, Inc. (NASDAQ: XMCM) to provide Quotesmith.com's proprietary high-speed insurance price comparison technology to XOOM.com's more than 8 million members.

"We are extremely pleased to bring our over 300-company instant insurance price comparison service to XOOM.com and its 8 million-plus registered members," remarked Quotesmith.com President and founder Robert Bland. "The result of this deal will be an ultra-fast and easy way for XOOM.com members to get live, real-time access to the widest array of insurance quotes available anywhere on earth. It also provides XOOM.com members with the freedom to apply with any company at any time without having to speak to commissioned salespeople."

"Quotesmith.com's insurance price comparison technology represents another great free service for XOOM.com members," said Kirsten Lambertsen, Licensing Director at XOOM.com. "Quotesmith.com's instant insurance quotes and comprehensive insurance policy information should greatly simplify and speed up the insurance selection process for our members. Its customer-driven search engine delivers an unmatched level of accuracy and breadth of market coverage across several lines of insurance".

About Quotesmith

Quotesmith.com has pioneered and brought to market a unique Internet insurance price comparison service which provides instant quotes from over 300 leading insurance companies on several lines of insurance including auto, life, medical, dental, Medicare supplement and fixed annuities. Visitors to the Quotesmith.com site can easily and quickly access up-to-the-day accurate insurance pricing information and request applications from the insurance companies of their choice without having to deal with a commissioned insurance salesperson.

Quotesmith.com (formerly Quotesmith Corporation) was founded in 1984 and is privately held. From 1984 to 1993 Quotesmith established itself as the No. 1 online insurance quotation vendor to the insurance agent & broker community. In 1993 Quotesmith halted its agent & broker automation activities and began providing quotes directly to information-hungry consumers and business owners by mail. In 1996 Quotesmith began providing real-time insurance quotes on the Internet. In November 1998 the company changed its name to Quotesmith.com, Inc.

The April 19, 1999 edition of Forbes said, "Quotesmith.com has the most effective way to bring comprehensive, objective insurance purchasing information to consumers and has made it easy for them to complete the purchase." In its July 1998 issue, Money magazine named Quotesmith.com, the Super-Deal "place to buy insurance online." Also in July 1998, SmartMoney Interactive, the online arm of SmartMoney magazine, rated Quotesmith.com, "The #1 site for online insurance quotes." In January 1998 Quotesmith.com was named "Unquestionably the number one rating service on the Internet" by FBO Newsletter, a Raleigh, North Carolina publication.

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This communication appears as a matter of information only and is not an insurance solicitation. Accordingly, no employee of Quotesmith.com, Inc. is recommending or endorsing any specific insurance company, coverage or policy type within this communication. Some insurance companies appear at Quotesmith.com for purely informational purposes only and pay no compensation to Quotesmith.com and some insurers pay commissions to Quotesmith.com based upon premium volume. Quotesmith.com is a service mark of Quotesmith.com, Inc. All other names are trademarks of their respective owners. South Dakota agent #333509159, California agent #0827712, #OA13858. CA & UT dba Quotesmith.com Insurance Services. UT #90093. Copyright 1999. All rights reserverd. Quotesmith.com, Inc.


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