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Quotesmith.com Expands Instant Health Insurance Quote Capability To all 50 States; Unparalleled Selection and Savings Now Offered Coast to Coast

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 9/7/2000


Quotesmith.com Expands Instant Health Insurance Quote Capability To all 50 States; Unparalleled Selection and Savings Now Offered Coast to Coast

DARIEN, Ill., Sept. 7 /PRNewswire/ -- Quotesmith.com (Nasdaq: QUOT), the buyer-driven insurance exchange which provides instant auto, life and health quotes from more than 300 leading insurance companies and allows insurance shoppers to buy from the company of their choice, today announced that it has expanded its health insurance market coverage so that individuals, families and small business owners can now obtain instant, real-time health insurance quotes in all 50 states, plus Washington, DC.

"Information relief is here for beleaguered health insurance shoppers. Now everyone in the U.S. can instantly comparison shop for health insurance at Quotesmith.com," remarked Quotesmith.com Chairman and founder, Robert Bland. "Continuing our 17-year history of making the complicated simple, this milestone demonstrates our ability to provide the most useful single-source insurance content experience on the Internet. Health insurance is expensive and confusing; shopping for health insurance can be a daunting task. Our mission is to simplify and speed up the process of finding and saving money on health insurance."

Quotesmith.com announced that it is now providing instant quotes across a wide range of health insurance plans, including traditional, short-term medical, HMOs, PPOs and Blue Cross and Blue Shield. Boasting the largest stable of instant insurance quotes available from any single source, Quotesmith.com also announced that it is now providing instant individual and family quotes for 96 insurers, Medicare supplement quotes for 70 insurers, dental quotes for 38 insurers, small group medical quotes for 34 insurers, short-term medical quotes for 11 insurers, life insurance quotes for 123 insurers, and access to instant auto insurance quotes from leading insurers including Progressive, State Farm and Allstate.

Many industry observers believe that the population and influence of emerging e-health consumers is poised for massive growth. According to industry sources, total premiums for health insurance amounted to $650 billion in 1999, making the health insurance sector the largest sub-segment of the gigantic $1.1 trillion U.S. insurance market.

"Quotesmith.com is ideally poised to lead the coming insurance Internet revolution because we provide more quotes from more companies than anybody else. We provide guaranteed-accurate quotes from every insurer listed at our site and we provide six-day-a-week service to help our customers obtain the coverage they want," continued Bland. "We understand health insurance shoppers and their desire to collect unbiased pricing and coverage information prior to making a purchase decision. We're merging our vast insurance content capabilities with those of forward-thinking insurers to create the fastest and smoothest insurance purchase experience possible."

About Quotesmith.com

Founded in 1984, Quotesmith.com owns and operates the industry's largest and most comprehensive insurance price comparison service. The Quotesmith.com Insurance Commerce Platform allows insurance shoppers to instantly view the best prices being offered by more than 300 leading companies, achieve maximum savings and have the freedom to buy from the company of their choice. All of the company's quotes are backed by a $500 cash guarantee of accuracy. Quotesmith.com also provides personalized customer service assistance and policy placement services for its customers. Quotesmith.com generates revenues from the receipt of commissions and fees paid by insurance companies. Shares of Quotesmith.com trade on the Nasdaq Market under the symbol "QUOT."

Cautions about Forward-Looking Statements

This announcement may contain forward-looking statements that involve risks, assumptions and uncertainties pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. This announcement also contains forward-looking statements about events and circumstances that have not yet occurred and may not occur. Expressions of future goals and similar expressions including, without limitation, "may," "will," "believes," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential" and "forecast," reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Reported Web site activity and/or quotes are not necessarily indicative of any present or future revenue. The Company will not necessarily update the information in this press release if any forward- looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, Quotesmith.com's limited e-commerce operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, the evolving nature of its business model, the increasingly competitive online commerce environment, dependence on continuing growth of online commerce and risks associated with capacity constraints and the management of growth. More information about potential factors that could affect the company's financial results is included in the company's Annual Report on Form 10-K for the year ended December 31, 1999, which is on file with the United States Securities and Exchange Commission.

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 or fees to Quotesmith.com based upon premium volume or traffic activity produced by Quotesmith.com. Quote availability by state of residence or any other factor is subject to change without notice.

Quotesmith.com is a service mark of Quotesmith.com, Inc. All other names are trademarks of their respective owners. Published by South Dakota agent #333509159, California agent #0827712 and #OA13858, UT #90093. California and Utah dba Quotesmith.com Insurance Services. SOURCE Quotesmith.com

 

CONTACT: Willard Hemsworth at Quotesmith.com, 630-515-0170, ext. 213, email, whemsworth@quotesmith.com/

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