Online motor insurance search engine allows greater transparency

Released on = April 25, 2007, 8:26 am

Press Release Author = The Motor Insurance Supermarket

Industry = Financial

Press Release Summary = Motor broker 4 Insurance has created
www.motorinsurancesupermarket.com, a fully transactional website that allows
customers to search and buy policies online from companies such as Zurich, Norwich
Union, NIG and Churchill.

Press Release Body = An independent broker has launched an online motor search
engine with a panel of more than 300 insurers and schemes in the UK.

Motor broker 4 Insurance has created www.motorinsurancesupermarket.com, a fully
transactional website that allows customers to search and buy policies online from
companies such as Zurich, Norwich Union, NIG and Churchill.

Wayne Lee, director of 4 Insurance and creator of the search engine, said the
offering was unique: "The sole purpose of this new product is to find the most
competitive and best quality insurance policy to meet customers' needs.

"We will be one of the UK's largest insurer comparison sites, with online and
handling capabilities that are completely controlled and totally transparent."

Insurers have full online access to upload, change and remove policies. "For
example, if an insurer wanted to add changes to its young driver policy, it can
externally upload the new rates on the server at its convenience," Mr Lee explained.

The online product will offer individual schemes - such as female motor and
convicted drivers' insurance - and give tips on how to get the cheapest car
insurance during the quotation process.

Each specific scheme is pre-programmed into the quote system, and sent to the
insurer that offers the individual scheme.

"We are the first insurance company to offer flexible online payments for
customers," added Mr Lee. "Once they have taken out the policy, customers can log
onto the administration page and modify the payment days by up to 30 days. Also, we
have included a unique breakdown cover with RAC. Normally, the cover would cost £140
but we have negotiated
a price of £69 for full breakdown cover anywhere in Europe."

The site provides links for legal cover, and information about the Driver and
Vehicle Licensing Agency and the Pass-Plus scheme to reduce premiums. It also gives
customers the opportunity to claim online.

Mr Lee added that the product was set-up solely for motor insurance: "At the moment,
there are no plans to cross-sell with other products. The aim of the new offering is
to make it easier for customers to gain a motor quote. The website is simple to
navigate and will offer competitive quotes for any motor scheme."

Motorinsurancesupermarket.com is due to launch a television advertising campaign in
the middle of June.

Web Site = http://www.motorinsurancesupermarket.com

Contact Details = Wayne Lee
92 Cannock Rd
Wolverhampton
West Midlands
WV10 8PW
01902 83 4444
enquiries@motorinsurancesupermarket.com

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