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Wal-Mart brings one-stop shopping to car insurance

NEW YORK (AP) - Wal-Mart is bringing one-stop shopping to another area: auto insurance.

The discounter has teamed up with AutoInsurance.com to let shoppers quickly find and buy insurance policies online in real time to cut down costs. The service is available immediately in eight states and will be available nationwide in the next few months.

AutoInsurance.com, a division of Fort Lee, N.J.-based Tranzutary Insurance Solutions LLC, a licensed property and casualty insurance agency, was created after Wal-Mart realized there was an opportunity for a quicker service where shoppers can buy and save on car insurance that provides the final price.

The Bentonville, Ark.-based discounter will be AutoInsurance.com's exclusive retail partner and receive promotion payments in its role as marketer. AutoInsurance will earn a commission every time a policy is sold.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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