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Walmart Makes Leap Into Auto Insurance Business

By partnering with insurance comparison service Autoinsurance.com, mega retailer aims to save its customers money on one of their largest household expenses.

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Walmart has announced that it will be partnering with Autoinsurance.com to bring customers an insurance comparison service, aiming to save them money on policies.

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Autoinsurance.com provides customers with quotes from numerous national insurance carriers, such as Progressive, Esurance, Safeco and The General. The service is available immediately in Arkansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Tennessee and Texas, with plans to go nationwide in the short-term future.

This partnership stems from a successful pilot that took place in Pennsylvania last year. According to Walmart, those who purchased policies from Autoinsurance.com reported that their insurance spending was reduced by an average of $1,168.

“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.”

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Added Joshua Kazam, founder of Autoinsurance.com, “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. 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.”


More information:

Access Walmart’s service

Autoinsurance.com

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