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Press Releases

March 12, 2004

ComparisonMarket Survey Demonstrates Significant Savings From Consumers Who Shop Online

CLEVELAND, OH - May 12, 2004 - ComparisonMarket, Inc., owner and operated of Insurance.com, the largest online auto insurance agency in the United States, announced today a survey showing that its customers have saved $600 or more a year on auto insurance. Through its marketing partnerships with AOL, MSN, Yahoo, eBay and Google, Insurance.com has sold more than 100,000 auto insurance policies, resulting in millions of dollars saved by consumers.

"Insurance.com is different from most insurance websites not only by helping consumers save money, but by providing online convenience throughout the process," said Dave Roush, CEO of ComparisonMarket. "And while most other sites refer leads to a sales force or agent for follow-up, we let the consumer drive the transaction, either online or by phone, straight to purchase."

Through a simple online process, visitors to Insurance.com can obtain and compare accurate quotes from any of more than a dozen leading insurance carriers - including Liberty Mutual, Safeco, The Hartford and Travelers. When ready to purchase insurance, users have the option of completing the transaction online or talking directly to a licensed agent.

Roush added, "Based on information from consumers who became policyholders and provided data regarding their savings, they've seen savings of $600 or more on annual premiums. Clearly, there is an opportunity for many customers to save money on their auto insurance premiums."

About ComparisonMarket
ComparisonMarket, Inc., based in Solon, Ohio, owns and operates Insurance.com. The Insurance.com website enables consumers to instantly compare and buy competitive auto insurance quotes directly from any of more than a dozen leading insurance companies. When ready to purchase, users have the option of completing the transaction online or talking directly to an unbiased licensed agent. Other products include life, health and home insurance as well as travel, dental and pet health insurance.

In addition to Insurance.com, ComparisonMarket provides private labeled solutions to financial institutions, affinity groups and online marketplaces to offer their customers real choice and savings opportunities on auto insurance.

Dave Roush, CEO
ComparisonMarket, Inc.