How consumers hate and distrust insurance companies. Federal and state regulators have been kept busy trying to bring a fair deal to those who, by law, have to purchase insurance. One instance of that, of course, is insurance for their car in many states.
Well, regulators might have less to do if the invisible hand or the machinations of the marketplace take over the insurance game. Disruptor WalMart has entered that niche. It noticed how much a burden auto insurance has been to Everyman, ranging from agita in purchasing to ponying up the big bucks in paying.
So, as The Washington Post (great placement for this story) reports, WalMart has partnered with Autoinsurance.com to give online access to affordable insurance. The shopper clicks on and gets a price which is likely lower than going the agent route. And the price given is the final. There is no bait and switch. Here is the coverage in WaPo.
Currently, the service is available in eight states and will have a nationwide rollout in a few months. To check out this WalMart introduction to to autoinsurance.com or www.walmart.com/autoinsurance.