Business Editors
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 30, 2000
Esurance Inc., a national Internet-based provider of personal insurance, today announced a strategic marketing partnership with leading online car service BestOffer.com. This partnerships facilitates distribution of Esurance's online auto insurance service, while enabling online car shoppers at BestOffer.com to get a quote, receive comparison quotes from providers in the same state and purchase auto insurance instantly online.
"This strategic partnership with BestOffer.com puts our service in front of customers at a time when they are likely to buy auto insurance or change insurance providers," said Jean-Bernard Duler, chairman and CEO of Esurance. "Just as BestOffer.com is changing the way people shop for used vehicles, Esurance offers a new way to research, buy and manage personal auto insurance."
Esurance is a complete quote-to-claims online insurance provider that combines the service of an agent-based insurance company with the competitive rates of a direct insurance provider. Esurance enables customers to get expert advice, instant quotes, comparison quotes from other providers and immediate coverage, but also lets them manage their policy online at their convenience. Esurance customers can instantly add a driver or car to a policy online, change their level of coverage and print out their policy or proof of insurance card, at any time.
"BestOffer.com felt Esurance was the perfect partner for us because its service accommodates the unique needs of the online consumer," said Jeff Reed, president of BestOffer.com. "They take the hassle out of the insurance process much like we take the hassle out of buying or selling a used car."
Esurance currently offers personal auto insurance in 24 states, including Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Minnesota, Missouri, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington and Wisconsin. Esurance is licensed to market policies in 48 states and plans to continue expanding its business to additional states this year.
About Esurance Inc.
Esurance Inc. is redefining the insurance experience by creating an easy and time efficient way to buy and manage personal insurance online. The company's unique Internet-based business model reduces the overhead of traditional insurance operations, while still performing the key functions of an insurance provider, including pricing, underwriting and claims handling. This direct Internet model eliminates agent commissions and paper-based processes, creating cost savings, which are passed on to customers in the form of low rates for top-rated insurance policies. Through its online service (www.esurance.com), Esurance offers consumers expert advice, quote comparisons and instant coverage, as well as convenient, 24x7 policy management and superior claims handling. The company was the first Internet-based provider to offer real-time quote capability and fulfillment service to more than half of the nation's driving population. Founded in 1998, Esurance is backed by leading venture capitalists including Redpoint Ventures, Global Retail Partners, Trinity Ventures and 21st Century Internet Venture Partners.
About BestOffer.com
BestOffer.com is a better way to buy or sell a used car. Only BestOffer.com combines online technology with off-line automotive expertise, quality assurance and friendly customer service to create a complete solution for consumers, taking the pain out of the process of buying or selling a used car. BestOffer.com is a privately held company, with key investment partners including Bessemer Venture Partners, Draper Fisher Jurvetson and idealab! Capital Partners. For more information on the company visit the Web site at www.bestoffer.com or visit the press site at www.bestoffer.com/press.
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