The American Express Property Casualty companies today announce auto insurance shopping via the Internet in California. The company is one of the first in the industry to offer a web-based interactive insurance quoting and buying experience.

“More than 40 percent of today’s auto insurance policyholders are accessing the Internet,” said Ken Ciak, president, American Express Property Casualty companies. “This new service lets customers use technology they are familiar with to easily research, comparison shop and purchase auto insurance right from their computer.”

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Customers will find the following services online at www.americanexpress.com/insuremyautohome :

Free real-time quotes, available in minutes, allow customers to compare American Express Property Casualty’s auto insurance rates to a customer’s current rate.
Free insurance analyzer tool enables customers to determine what type of coverage to select for their needs. No other insurance company provides this service online.
A secure web environment which keeps information private.
The ability to purchase auto insurance online.
American Express Property Casualty is investing substantial funds in order to offer consumers nationwide the ability to access policy and rate information online. The company plans to expand this new service in additional states throughout 2000.

The American Express Property Casualty companies entered the auto and home insurance market in 1986 when it began offering insurance products to its American Express card holders as a membership benefit through the American Express Assurance Company. In 1990, American Express Property Casualty opened up its offerings to non-card members and currently provides auto and homeowners insurance in 36 states.

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