Walmart Jumps into Auto Insurance Business
April 30, 2014—Walmart has partnered with AutoInsurance.com to provide consumers with an online auto insurance price comparison service, the company announced Wednesday.
AutoInsurance.com provides customers with multiple quotes from many of the leading national insurance carriers, including Progressive, Esurance, Safeco, The General and others within minutes.“Our business is driven by a commitment to taking products and services that are complex and pricey and making them easy and affordable,” said Daniel Eckert, senior vice president of services for Walmart U.S. “Our customers too often have to settle for auto insurance policies that aren’t the best fit and cost more than they want to spend. With AutoInsurance.com, we're helping our customers save money on one of their largest household expenses in a new, quick and easy way.”
The launch of this service stems from a successful pilot that took place in Pennsylvania last year. The service is available immediately in Arkansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Tennessee and Texas, with plans to be offered nationwide in the coming months.
“Today, nearly 90 percent of people comparison shop online for products and services like airline tickets, but our survey data shows that only one in five comparison shop for auto insurance,” said Joshua Kazam, founder of AutoInsurance.com. “We want to make comparison shopping for auto insurance much simpler and faster for everyone who wants to save money on their premiums. We believe strongly in the power of comparing. It’s how you know you got a great deal on auto insurance.”