Financial Uncertainty Equals Consumer Caution

The nation's leading independent on-line insurance rate comparison service, the Insurance Bureau -- www.InsuranceBureau.com -- today reported a significant increase in traffic, which it attributes to consumers searching for ways to save on all types of insurance coverage.

Los Angeles, CA (PRWEB) October 30, 2008 -- Banks in crisis. Stock market volatility. Government bailouts and rescues. For most consumers, the past month has been a roller coaster ride of bad economic news, uncertainty over the financial future, and an immediate pinch in the pocketbook.

The nation's leading independent on-line insurance rate comparison service, the Insurance Bureau -- www.InsuranceBureau.com -- today reported a significant increase in traffic, which it attributes to consumers searching for ways to save on all types of insurance coverage.

"People are looking for ways to maintain their insurance coverage standards. But, at the same time, they want to save money as costs for other necessities climb and economic issues hit home," said Eric Oster, Vice President and COO of the Insurance Bureau.

"These concerns," said Oster, "have resulted in an unprecedented increase in free on-line rate comparison activity by consumers seeking to change insurance companies if they are able to save even $50 per term. In the past," he continued, "consumers were reluctant to switch carriers unless they could see savings of at least $100 per term."

About InsuranceBureau.com - InsuranceBureau.com is a trusted online source for free insurance quotes and credible, reader-friendly industry information. Consumers can also use the site to browse an extensive library of articles on obtaining the most optimal insurance policies for personal and professional needs. InsuranceBureau.com covers all types of insurance, including auto, home, health, life, business, long-term care (LTC), disability, annuity, and renters insurance.

For information: http://www.insurancebureau.com or

Contact: eoster@itsolinc.us

Phone: (800) 647-2164

Contact: Eric Oster

InsuranceBureau.com

Phone: (800) 647-2164

Fax: (866) 380-0219

[E-Mail Address

http://www.insurancebureau.com

Editors: Mr. Oster is available for interviews to discuss current insurance industry trends and practices, as well as insurancebureau.com operations and benefits. Please contact John Juneau at 310-320-8832 ext. 202 to arrange an interview.

###