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Walmart Works With AutoInsurance.com to Drive Into South Carolina with New Auto Insurance Comparison Shopping SiteFORT LEE, N.J. --(Business Wire)-- Walmart and AutoInsurance.com today announced the continued national expansion of the first-of-its-kind auto insurance comparison site into 11 new states, including South Carolina. This comes on the heels of an overwhelming customer response to the service in the eight states launched earlier this year. Customers who have used the site to compare and purchase new auto insurance policies and have reported their savings reduced their annual premiums by more than $1,000 on average.1 In addition to savings for previously insured customers, an extraordinary 33 percent of new policyholders were previously uninsured.2 "AutoInsurance.com represents a huge opportunity to make a difference in the lives of a lot of South Carolinians. Currently, drivers in the state pay over $1,440 per household in premiums each year and more than 250,000 are uninsured,"3 said Joshua Kazam, founder of AutoInsurance.com. Kazam added "And, by providing affordable options that help reduce the number of uninsured motorists, AutoInsurance.com may also make a positive impact on insurance rates in South Carolina, where the number of uninsured drivers increases costs for everyone." Comparison Shopping for Auto Insurance - In One Place Traditionally, auto insurance plans have been difficult to compare, requiring customers to visit multiple websites and turn over their personal information to each. AutoInsurance.com solves that problem. By building a fast, easy-to-use website, customers can compare and buy real policies from many leading national insurance carriers all in one place. And, unlike lead generation services, AutoInsurance.com does not sell customers' information. Here's how it works:
In addition to South Carolina, the service will now be available in Alabama, California, Georgia, Illinois, Indiana, Kentucky, New Mexico, Ohio, Oregon and Washington. In total, AutoInsurance.com will now cover more than half of the U.S. population. "Walmart is proving once again that when we offer services that are simple to use and save money, our customers win big," said Daniel Eckert, senior vice president of services for Walmart U.S. "Our customers have told us that auto insurance is one of their largest household expenses, but one of the toughest to do anything about. We're so excited to work with AutoInsurance.com as they expand this service and give South Carolinians an easy way to save big money on auto insurance." Helping South Carolinians Save According to a survey commissioned by AutoInsurance.com, only 20 percent of Americans say they comparison shop for auto insurance.4 "Nationwide, 34 percent of consumers spent more than one hour researching auto insurance during the past year," said Kazam. "Customers tell us that shopping around for auto insurance is too complex and time consuming, which leaves them settling for policies that aren't necessarily the best fit and cost more than they want to spend. AutoInsurance.com can help South Carolinians do better." About AutoInsurance.com AutoInsurance.com is a first-of-its-kind service that helps customers compare, buy and save on auto insurance policies from multiple national insurance carriers online or by phone. Tranzutary Insurance Solutions LLC, of DE which operates as AutoInsurance.com, is a licensed property and casualty insurance agency in 50 states. About Walmart Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online, and through their mobile devices. Each week, more than 250 million customers and members visit our 11,053 stores under 71 banners in 27 countries and e-commerce websites in 11 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs approximately 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook (News - Alert) at http://facebook.com/walmart and on Twitter (News - Alert) at http://twitter.com/walmart.
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