Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

Andesa Services has been awarded CERTIFIED EVERGREEN Status by Tugboat Institute


“The entire Andesa team is honored to have achieved Certified Evergreen status,” noted Andesa President & CEO Ron Scheese. “For more than 35 years Andesa has operated under a commitment to serve each other, our clients and our communities.”

Andesa Services, the leading provider of cloud-based Policy and Plan Administration solutions to life insurance, annuity carriers and benefit participants, is now a Certified Evergreen® company.

According to the Tugboat Institute, “Companies that are awarded Certified Evergreen status have undergone an extensive, rigorous assessment with the intention of continual improvement and enduring excellence around values, practices, and people. Once certified, these Evergreen companies join a select peer group of similarly purpose-driven organizations that attract top talent, valuable partners, and loyal customers. The Certified Evergreen mark calls out the commitment to excellence and longevity that these businesses share.”

“The entire Andesa team is honored to have achieved Certified Evergreen status,” noted Andesa President & CEO Ron Scheese. “For more than 35 years Andesa has operated under a commitment to serve each other, our clients and our communities. Certified Evergreen is a continuation of the promise to those constituencies for the long-term. The Certified Evergreen benchmarking and process allows us to learn from similar organizations to help Andesa sustain our vision and commitments for generations to come.”

Certified Evergreen companies are those dedicated to maintaining operational independence and private ownership in the interest of those they serve and employ. They measure success by how well they deliver on their mission and they embody the values of Evergreen 7Ps™.

Purpose – Being passionately driven by a compelling vision and mission.

Perseverance – Having the ambition and the resilience to overcome obstacles and keep pursuing our goals indefinitely into the future.

People First – Engaging a workforce of talented associates who excel as a team and are motivated by the mission and the culture, in the belief that, by taking care of them, they will take care of the customers, suppliers, partners, communities and their families.

Private – Taking advantage of the ability of closely-held private companies to have a longer-term view, greater flexibility around strategies, and more operating flexibility than public or exit-oriented businesses.

Profit – Not mistaking profit as the purpose of the business; but recognizing it is essential to survival and independence, and the most accurate measure of customer value delivered.

Paced Growth – Having the discipline to focus on long-term strategy, balance short-term and long-term performance, and grow steadily and consistently from year to year.

Pragmatic Innovation – Embracing a continuous-improvement process built around taking capital-efficient, calculated risks to innovate creatively within constraints.

You can read more about Tugboat Institute at https://www.tugboatinstitute.com/about/ or learn more about Evergreen and what it means to be Certified Evergreen at https://www.tugboatinstitute.com/what-is-evergreen/.

About Andesa:

Andesa Services provides comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers. Andesa began as a pioneer in the field of COLI/BOLI policy administration. Today more than 30 years later, Andesa’s integrated approach to insurance and plan administration results in efficiency gains, reduced hardware costs, mitigated compliance risk and improved market response. The Company offers a comprehensive suite of services for policy and plan administration in a secure, private cloud environment. Andesa partners with numerous insurance companies, including 6 of the top 13 life and annuity carriers, along with several top producers. The Company’s highly experienced team of U.S.-based professionals provides insurers and producers large and small with administrative support for complex plan and product offerings.

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How To Select A Reliable Insurance Company


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“Drivers should carefully analyze not only the car insurance offers, but also who sells them”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

There are many car insurance companies available on the market and they all pretend they are the best. To find an insurer that can satisfy their needs, drivers will have to carefully analyze the insurance market. Before choosing an insurance provider, drivers should consider the following tips:


  • Coverage needs. Before looking for an insurer, analyze what is needed: type of coverage, available budget, deductibles, available discounts, bundling options, extra riders.
  • Sources for online quotes. The best places to find insurance offers are brokerage websites, insurance companies’ websites, local broker agents.
  • Get rid of scammers and crooks. The best way to do that is by checking the local Department of Insurance website. All insurers authorized to sell policies are listed there. Avoid offers from a company that is not listed there.
  • Check the insurance company’s financial stability Choose a company that is financially strong and capable of paying their customers, whenever they fill a claim. To find out which insurance company is financially strong, you can go to the websites of independent agencies and check their ratings.
  • Check the customer satisfaction rating. Each insurance company is rated in overall satisfaction, policy offerings, pricing, billing, and payment, customer support. It is recommended to work with an insurance company that has a high customer satisfaction rating.
  • Check for complaint ratios. There are various sources from where you can get this info. The best source is the Better Business Bureau (BBB) website. The BBB ranks companies from A+ to F and provides information on various information regarding the companies, like years since they are in business, management, contact information, customer complaints, and resolutions.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, free quotes and money-saving tips, please visit https://compare-autoinsurance.org/

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Investments & Wealth Institute Launches New Wealth Management Editor’s Choice eJournal


Investments & Wealth Institute launched a brand new Wealth Management Editor’s Choice eJournal and Wealth Management eJournal in collaboration with the Social Science Research Network (SSRN) Financial Economics Network (FEN).

WEALTH MANAGEMENT eJournal (EDITOR’S CHOICE)

The Wealth Management Editor’s Choice eJournal is the newest addition to the Investments & Wealth Institute’s premier academic publications. Edited by Inna Okounkova, Adjunct Professor, Columbia University, Editor-in-Chief, Journal of Investment Consulting, this quarterly publication is designed to curate and provide the latest industry news, articles, commentary, research, case studies, and working papers happening in the field of wealth management. Each issue is devoted exclusively to the world of wealth management topics and will highlight 5-6 academic papers that the Editor believes are important for the profession.

This quarterly eJournal is available at https://www.ssrn.com/link/Wealth-Management-Editors-Choice.html; subscribe at no cost by visiting: http://hq.ssrn.com/jourInvite.cfm?link=Wealth-Management-Editors-Choice.

WEALTH MANAGEMENT eJournal

The Wealth Management eJournal is a larger collection of papers, covering a range of topics related to wealth management and investment advisory, including asset allocation, asset pricing, traditional and alternative investments, new technologies for wealth management, impact and sustainable investing, investment portfolio management, risk management, tax and estate planning, and retirement planning. The eJournal is also edited by Inna Okounkova, Adjunct Professor, Columbia University, Editor-in-Chief, Journal of Investment Consulting.

The e-journal is available at https://www.ssrn.com/link/Wealth-Management.html.

In a world of information overload, the Wealth Management eJournal adds significant value to the wealth management community by curating the most important, timely, and original research from the global academic community. Additionally, the Wealth Management Editor’s Choice eJournal human editorial process follows a “less is more” approach and brings understanding and context to the latest academic developments. The goal is to create value beyond republishing information, allowing readers to focus on concise, useful, and actionable intelligence.

Private wealth clients have unique needs; these individuals require advisors with advanced skills and knowledge, which the Institute provides. The Wealth Management Editor’s Choice eJournal complements other wealth management educational offerings delivered by the Institute: the Certified Private Wealth Advisor® (CPWA®) certification program and the upcoming Wealth Advisor Forum, October 26-27, 2020, at the Swissôtel Chicago, Chicago, IL. The two-day event will focus on providing insight, effective strategies, and real-world tools to help financial professionals distinguish themselves among those that serve high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients.

About the Investments & Wealth Institute®

Established in 1985, the Investments & Wealth Institute, is a professional association, advanced education provider, and standards body for financial advisors, investment consultants, financial planners, and wealth managers who embrace excellence and ethics.

Investments & Wealth Institute administers three certifications, Certified Investment Management Analyst® (CIMA®), Certified Private Wealth Advisor® (CPWA®), and Retirement Management Advisor® (RMA®). Through its publications, live events, online courses, assessment-based certificate programs, and advanced certifications, the Institute delivers premier-quality, practical education to advanced practitioners in more than 39 countries.

SSRN’s MISSION

SSRN’s objective is to provide rapid, worldwide distribution of research to authors and their readers and to facilitate communication among them at the lowest possible cost. In pursuit of this objective, we allow authors to upload papers without charge. And, any paper an author uploads to SSRN is downloadable for free, worldwide.

FINANCIAL ECONOMICS NETWORK

The Financial Economics Network (FEN) hosts research content. You can subscribe to new content notifications through the SSRN User HeadQuarters at http://hq.ssrn.com.

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autopom! Offers Extended Auto Warranty Alternatives for Top Brands


From Fords and Chevrolets to Dodge trucks and Subaru SUVs, autopom! is offering a variety of affordable and accessible Vehicle Protection Plans suited for dozens of makes and models. Vehicle Protection Plans are similar to an extended auto warranty a driver may purchase from a manufacturer or dealership. However, Vehicle Protection Plans are sold by certified third-parties, like autopom!. This gives drivers the opportunity to speak with agents directly and receive high-quality customer service.

Vehicle Protection Plans from autopom! help cover the costs of unexpected car repairs. They also include roadside assistance, rental vehicle assistance, nationwide breakdown coverage, and repair shop choice. Some plans even include interest-free payment options.

“No matter the make of your car, it is guaranteed to need repairs. It is important for drivers to plan ahead and take steps now that will help protect their vehicle and their wallet,” explains Mike Jones, president and CEO of autopom!. “The last thing anyone wants is to be left without a car, or to deplete their savings to pay for one repair.”

Plan pricing varies by year/make/model and mileage. To request a free quote from autopom!’s BBB accredited and A+ rated agents, visit http://extended-vehicle-warranty.com/ or call 1.800.724.8141.

About autopom! autopom! is a BBB accredited, A+ rated marketer of vehicle protection plans offering vehicle service contracts in most states nationwide. In California, autopom! dba autopom! Insurance Services LLC (CA DOI Lic.#0I13220), sells mechanical breakdown insurance to California residents. When your original manufacturer warranty, extended auto warranty, or used car warranty is about to expire, autopom!’s team of licensed agents can help you find a protection plan designed to protect your vehicle and your budget. Learn more about autopom! and request a free quote by calling 1.800.724.8141 or by visiting http://extended-vehicle-warranty.com/.

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What Info Should Require From Insurance Agents Before Purchasing Coverage?


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“Always ask your insurance agent more details about coverage levels, coverage options, extra services and claim handling.” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Car insurance agents are salesmen and their duty is to connect the potential customer to their respective insurance companies. Those who want to avoid dealing with the agent when buying car insurance, there is always of getting online quotes from https://compare-autoinsurance.org/

Whenever working with an agent, it is important to ask the following:

  • If the policy covers the minimum state requirements. A good agent will have no problem providing this info. He will tell if the policyholder has the minimum coverage requirement. If not, the agent will recommend the client extra coverage.
  • Available discounts. The agent should be able to provide a list of all discounts offered by his representing company. He will also tell you more about the conditions needed
  • Electronic payment options. Allowing your carrier to get money from you each month is a great way to prevent coverage lapses.
  • What happens if the client is hit by an uninsured/underinsured driver? It is important to know if the client will be properly reimbursed, to cover the missing money for medical and repair bills.
  • How the company will handle an accident? Ask if the company will replace the damaged parts with new original manufacturer parts (OEM) or will opt for cheaper alternatives.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, free quotes and money-saving tips, please visit https://compare-autoinsurance.org/

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When should Drivers Shop Online For Car Insurance?


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“To keep up with the legislation changes and see if their insurers are still offering competitive insurance premiums, policyholders are recommended to check the insurance market once at every six months.”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that explains in what situations policyholders should check the insurance market for online car insurance quotes.

For more info and free quotes, please visit https://compare-autoinsurance.org/when-its-recommended-to-shop-for-online-car-insurance-quotes/

Insurance companies analyze multiple factors before they determine the premiums paid by a policyholder. Some of these factors are under the driver’s control, while others are not.

Policyholders should shop for online insurance quotes considering the following situations:


  •     Insurance rates change frequently. It’s common for an insurance company to adjust the insurance rates frequently. That’s why it’s important to check the insurance market at least once every six months. In some cases, the insurers will raise the price of insurance just before a dangerous period of the year arrives. For example, policyholders that live in the northern states, where the winter periods are severe, should consider buying coverage several weeks before the winter starts.
  •     Improved credit score. In many states, the credit score is an important factor that helps insurers to determine the insurance premiums. If a policyholder lives in one of these states and has improved his credit score, then he should contact his insurance company and see if they can obtain better insurance rates.
  •     Legislation changes. Each state has its own insurance laws and requirements. These laws and requirements can change quickly, so drivers are advised to check them regularly.
  •     Drivers have maintained coverage. It is important for new drivers and drivers that have a long coverage lapse history to keep their driving records clean for at least six months. These types of drivers are seen as high-risk and the first months of driving are crucial to have their insurance rates lowered.
  •     Important life events. The events that happen in a policyholder’s life can affect his insurance premiums. Events like getting married, moving to a better neighborhood, buying a safer car, or getting a job closer to the place they live, will lower the insurance rates.
  •     Renewal time is getting close. Many rival insurance companies will try to lure the policyholders that have insurance policies that are about to expire. To do so, the insurers are willing to offer generous discounts. Policyholders should carefully analyze these offers and check what they will gain and what they will lose if they switch their current insurance company.


For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Spring Issue of Financial Academic Journal Now Available


Spring Journal of Personal Finance

The academic research presented in the articles provide thought provoking concepts and facts that help me evaluate my practice and the methods I use to interact with my clients…IARFC Trustee Chair and CEO H. Stephen Bailey, MRFC®

The JPF editor, Dr. Benjamin F. Cummings, CFP®, RFC® is an Associate Professor at Utah Valley University. He has completed award-winning research on the use and value of financial advice and has been quoted in the media, including in MarketWatch and USA Today. His primary responsibilities include teaching behavioral finance in the Financial and Retirement Planning Ph.D. program and advising doctoral candidates on dissertation research. His research focuses on making retirement, charitable, tax and investment decision.

“The Spring issue of the Journal of Personal Finance includes some intriguing research covering a wide array of topics,” comments Dr. Cummings. “The articles really encourage its readers to think differently about financial planning. We hope you take some time to read this issue.”

The following six articles are included the 2020 edition, Volume 19, Issue 1:

  • Changes in Household Net Financial Assets After the Great Recession: Did Financial Planners Make a Difference
  • The Relationship Between Financial Advisors Designations and Misconduct
  • Financial Risk Tolerance Among White and Hispanic Households
  • Framing Longevity Income
  • Financial Capability as a Determinant of Health
  • The Impact of Financial Software Use on Financial Literacy Education – Evidence from China


“Personally, I read the Journal of Personal Finance from cover to cover,” comments IARFC Trustee Chair and CEO, H. Stephen Bailey, MRFC®. “The academic research presented in the articles provide thought provoking concepts and facts that help me evaluate my practice and the methods I use to interact with my clients. It has been a valuable benefit to our members throughout the years.”

Initiated in 2002, the Journal of Personal Finance has grown in scope, acceptance and recognition among practitioners and academicians. The JPF welcomes articles from practicing financial professionals and consultants about financial products and services, client relationships, retirement planning, long-term care, practice management, and firm operational efficiencies.

For members of the IARFC, the JPF is a benefit and a source of continuing education credits. Members can take the IARFC Journal of Personal Finance Online CE quizzes. Two hours of IARFC CE will be awarded to members who achieves a score of 70% or higher per quiz.

To order a hard copy or electronic version of the Journal of Personal Finance, to find out more information or to review article submission guidelines, go to https://www.iarfc.org/publications/journal-of-personal-finance/submission-guidlelines or contact the editor. Register to take the CE quiz at the IARFC Store.

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NFP Integrates Brokerages Across Canadian Market as ‘NFP’


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“We are thrilled to come together under the NFP brand and unify our operations in Canada,” said Greg Padovani, president of NFP in Canada.

NFP Canada Corp. (NFP), a leading insurance broker and consultant that provides employee benefits, property and casualty (P&C), retirement and individual solutions through its various licensed Canadian insurance brokerages, today announced that several of its Canadian insurance brokerages, including Capital Benefit Financial Group, Corporate Benefits Analysts Insurance Agency, Consortia Group, PBL Insurance Limited, Dalton Timmis Insurance Group, Inc., Mass Insurance Brokers Limited, McLean Hallmark Insurance Group Ltd., Elective Benefits Services, and Indemnis Trade Risk Management Limited, are adopting the NFP business name in each of the provinces and territories of Canada where permitted by law.

This implementation marks the latest in a series of strategic initiatives of NFP Corp. across North America. The integration of employees, resources and operations under NFP positions the company to respond swiftly to shifting marketplace, technology and insurance needs, while advancing NFPs broader strategy to unite and expand its presence in Canada.

“We are thrilled to come together under the NFP brand and unify our operations in Canada,” said Greg Padovani, president of NFP in Canada. “The integration of these well-established firms creates a platform for NFP that has the size, scale, and capabilities to provide a full range of insurance solutions to Canadian corporations and individuals that differentiates us in the dynamic P&C, group benefits, group retirement, private client, and personal and commercial insurance markets.”

“The ongoing integration of our acquisitions is a powerful step in presenting a united front to the marketplace while highlighting our commitment to the Canadian market,” said Doug Hammond, chairman and CEO of NFP Corp. “NFP first entered the Canadian market in 2008. Today, NFP in Canada is 750 employees strong with more growth to come. I couldn’t be more excited about what we’ve achieved and the potential for more in the years ahead.”

About NFP Corp.

NFP Corp. is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP Corp. enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP Corp. is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP Corp. empowers clients to meet their goals.

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Mercury Insurance Recommends Security Tips to Protect Your Home


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Before you rush out to purchase an elaborate home security system or guard dog to protect your property, you should know there are 11 simple things you can do to dramatically reduce the risk of loss.

A home burglary takes place in the United States every 25.7 seconds. According to the Federal Bureau of Investigations, thirty-six percent of these burglars gain access to their victim’s home by simply walking across the welcome mat and through the front door.

Before you rush out to purchase an elaborate home security system or guard dog to protect your property, you should know there are 11 simple things you can do to dramatically reduce the risk of loss.

1. Purchase home insurance. With a variety of homeowner coverage options available, you can feel safe knowing your home and belongings are well insured in the event your home is burglarized.

2. Get back to basics. A Safeatlast study shows that 85 percent of burglars are amateurs simply looking for an easy target. It may sound like a no-brainer, but make sure all door and window locks are secured before you leave, including second story windows.

3. A trusted neighbor is an extra set of eyes, so let them know anytime you’ll be away from your home for an extended period. It’s always a good idea to have someone watching for any suspicious or unusual neighborhood activity.

4. Your house should look occupied at all times. Use light switch timers to turn lights on and off periodically. Also, leave drapes and blinds in the exact manner you do when home.

5. Change the locks immediately if you ever lose your keys. Remember, a significant number of burglars walk right through the front door.

6. Get a bit more creative when hiding your spare key. The welcome mat is no longer a safe haven. Consider leaving a spare key with a trusted friend or family member who lives nearby.

7. Stop mail and newspaper delivery when you’re away for an extended period of time. The accumulation of mail and newspapers is a surefire way to let burglars know your residence is unattended.

8. Keep all bushes, shrubs and trees trimmed. Burglars love to use lush landscaping as camouflage.

9. Don’t leave any valuables in plain view. Burglary is often a crime of opportunity and window shopping is an easy way to pick a target.

10. Your home’s security can be compromised in 140 characters or less, so don’t broadcast your family vacation or upcoming business trip. This includes ‘tweeting,’ ‘updating,’ ‘checking in,’ or uploading vacation photos to social media sites until you’re home. In fact, Safeatlast shows 65 percent of home invaders aren’t strangers. Perhaps a friend on Facebook? Or a follower on Twitter?

11. Fight back by using social media to your advantage. Update your sites to give the impression that you are home. This can deter any potential outside interest in your property.

Employing these simple, precautionary measures and combining them with the protection you get from Mercury’s homeowner insurance can help provide peace-of-mind that comes from knowing your home is protected.

Note: This article was originally published on Mercury’s blog.

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How To Compare Discounts And Select The Best One


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“Getting car insurance discounts will help save considerable amounts of money. But you must choose wisely the discounts and its provider,” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that explains how to compare car insurance discounts and save lots of money.

For more info and free quotes, visit https://compare-autoinsurance.org/how-to-compare-car-insurance-discounts/

Being eligible for discounts is a safe way to lower car insurance costs. With the right discounts, a policyholder can save hundreds of dollars each year. It is recommended to do some research about available discounts provided by the current carrier. We also recommend policyholders to periodically check the market offers and use http://compare-autoinsurance.org to compare prices.


  • First of all, an insured must check the prerequisites. And each company may have different requirements for the same discount. For example, one company may impose a 10.000 miles a year for a low mileage discount, while another one may impose 8.500 miles. The same thing is applicable to all discounts.
  • Next, compare the values of the discounts. If both discounts have the same requirements, then they should offer the same discount. If not, then go with the discount that saves more money.
  • Clients must also check the availability period of the discount. A discount may be greater in savings value, but if it lasts only 2 or 3 months, in the long run it would be a bad choice. Do some calculus and select the discount that will save the most money at the end of the availability period.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org

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