MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 16, 1999--
Intuit Inc. (NASDAQ: INTU) announced today that its Quicken InsureMarket(R) Web site (http://www.insuremarket.com) features a new service that gives consumers greater flexibility to use the Internet to shop for auto insurance online,
A group of 74 independent insurance agencies in 28 states that are part of the Agency Peak Performance EXchange (APPEX) network can participate in Quicken InsureMarket. The states include California, New York, Florida, Texas, New Jersey, Georgia and Colorado. The agencies represent major national insurance carriers, including The Hartford, Safeco and CNA.
"Consumers can use Quicken InsureMarket to shop for auto insurance when they want, and buy it the way they want, either online or by talking with an agent," says Steven Aldrich, president of Intuit Insurance Services, Inc. (IIS). "We make it easier than ever for consumers to save time and money."
Quicken InsureMarket can provide real-time auto insurance rate quotes from more than 50 insurance companies nationwide. Rate quotes or policy purchase options, or both, are available in states where more than 80 percent of the nation's licensed drivers live.
"APPEX brings entrepreneurial and innovative insurance agencies together to explore ways to adopt new technologies or sophisticated management techniques to provide the most competitive service possible," says APPEX Executive Director Dotti Campbell. "The combination of Quicken InsureMarket and APPEX gives consumers a way to take advantage of the Internet without giving up the opportunity for personal service and professional help."
The APPEX network was formed by Marsh Berry, a Concord, Ohio, consulting firm for insurance agents and brokers. The group of APPEX agencies produced more than $3 billion in premiums last year.
Quicken InsureMarket is the leading insurance site on the Internet, with participation from major, national insurance carriers, and the ability to offer real-time rate auto, term life, and individual health insurance quotes and online payment options, which can speed the process of buying insurance. The full-service site also features a library of educational material so consumers can learn more about insurance, as well as interactive insurance planning tools and information from independent insurance experts. Visitor traffic at Quicken InsureMarket has expanded rapidly, reaching 5.3 million unique visitor sessions in 1998, more than five times greater than the previous year.
Intuit's IIS subsidiary or its designated employees are licensed as insurance agents for life and health in 50 states and Washington, D.C., and as agents for property and casualty in 50 states and Washington, D.C. IIS also associates with licensed resident agents in those states where insurance transactions must be conducted with or through resident agents.
Quicken InsureMarket is part of Quicken.com (http://www.quicken.com), which provides individuals with information and software tools to help them make better financial decisions. It then provides links to leading financial service providers so consumers can implement those decisions more conveniently than ever. Quicken.com content is also offered at some of the most widely accessed sites on the Internet, as the exclusive provider of personal financial tools on such sites as CNNfn (http://www.cnnfn.com/quickenonfn) and Excite (http://quicken.excite.com). Quicken InsureMarket is also a primary source of content and programming on the Insurance Center on America Online (keyword: Insurance).
About Intuit
Intuit Inc., a financial software and Web-based services company, develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling tax preparation software; and QuickBooks, the most popular small business accounting software. Intuit's Quicken.com (www.quicken.com) is the premier financial Web site, offering a complete set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.
Intuit, the Intuit logo, Quicken, InsureMarket, QuickBooks, QuickBooks Pro, TurboTax, MacInTax and ProSeries, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Quicken.com, BankNOW, QuickenMortgage and Quicken Financial Planner, among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.