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Instant Auto Insurance Quotes Now Available At Quotesmith.com

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 10/15/1998

Instant Auto Insurance Quotes Now Available At Quotesmith.com


DARIEN, Illinois (October 15, 1998) -- As more and more people search for ways to get quick, unbiased and hassle-free insurance quotes on the Internet, Quotesmith.com, a provider of instant insurance quotes from over 300 insurance companies on the Internet, has announced the immediate availability of instant automobile insurance quotes at Quotesmith.com through a linking agreement with Progressive Corporation (NYSE: PGR), the fifth largest auto insurer in the country.

"The addition of instant auto insurance quotes at quotesmith.com will greatly simplify and speed up the information-gathering process for auto insurance shoppers," remarked Quotesmith.com president and founder Robert Bland. "Progressive Corp. has hit a home run through the successful development and bringing to market of this unique, consumer-oriented and easy-to-use quotation service that is unmatched by any other company. Progressive's quick quote service will, in our opinion, forever change - and improve - the way automobile insurance is bought in America. And we're delighted to offer a link to Progressive's service for free at Quotesmith.com."

Nat Leonard, Internet Business Unit Manager at Progressive, said, "The comprehensive, unbiased instant quote and information-first philosophies at Quotesmith.com fit perfectly with our Internet strategy of providing a free and easy way for our customers to view and compare the auto insurance premiums of several leading insurance companies all in one place. And, if consumers are satisfied with the Progressive quote, they can purchase their policy immediately on-line."

About Quotesmith.com

Quotesmith.com provides an instant insurance price comparison service which now includes instant quotes from over 300 leading insurance companies on several lines of insurance including auto, life, individual & family medical, final expense whole life, fixed annuities and medicare supplement insurance. In addition to providing up-to-the-day accurate policy pricing and coverage information that is not available from any other single source, Quotesmith.com also provides underwriting guidelines and the latest independent ratings from A.M. Best, Duff & Phelps, Moody's, Standard & Poor's and Weiss Ratings, Inc. along with every quote.

In January 1998 Quotesmith.com was named "unquestionably the number one rating service on the Internet, by a very wide margin" by FBO Newsletter, a Raleigh, North Carolina publication. In its July 1998 issue, Money magazine named Quotesmith, "the Super-Deal" place to buy insurance online. Also in July 1998, SmartMoney Interactive, the online arm of SmartMoney magazine, rated Quotesmith, "The #1 site for online insurance quotes." Quotesmith.com was founded in 1984 and is privately held.

About Progressive

With 1997 revenues exceeding $4.5 billion, Cleveland-based Progressive Corporation is the fifth largest automobile insurer in the U.S, serving the insurance needs of over 4 million motorists nationwide and in Canada. And, with a network of over 30,000 Independent Agents, Progressive is the nation's largest writer of private passenger auto insurance through Independent Agents. Progressive's core business is writing insurance for private passenger automobiles, recreational vehicles and small fleets of commercial vehicles. Progressive is redefining auto insurance with their competitive rates and 24 hour, 7 days a week claims and customer service. Progressive's common stock is traded on the New York Stock Exchange under the symbol PGR

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Progressive's comparative auto insurance premium quotations are based upon publicly-filed rates. All company information has been obtained by Progressive from published reference materials and state insurance departments. Progressive makes no warranties concerning the information for other companies. Progressive has used reasonable care in providing premium quotations, however other factors may influence rates. 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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