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Oklahoma Walmart stores to offer online car insurance policies

Walmart, the world’s largest retailer, has teamed up with AutoInsurance.com to let shoppers quickly find and buy insurance policies online to cut down costs. Oklahoma is one of eight states where policies are available immediately.
By ANNE D’INNOCENZIO, Associated Press Published: May 1, 2014
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— Walmart is bringing one-stop shopping to another area: auto insurance.

The world’s largest retailer 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 — Arkansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Tennessee and Texas. It will be available nationwide in the next few months.

Shoppers can log on to AutoInsurance.com or access the site through Walmart’s website at www.Walmart.com/autoinsurance.

AutoInsurance.com, a division of Fort Lee, N.J.-based Tranzutary Insurance Solutions LLC, a licensed property and casualty insurance agency, was created after Walmart realized there was an opportunity for a quicker service where shoppers can buy and save on car insurance that provides the final price — with no bait and switch tactics. Walmart says car insurance is among the biggest monthly expenses for customers, and for some, it can outpace health care costs.

In a briefing with the media Tuesday, Daniel Eckert, senior vice president of services for Walmart U.S., said 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.

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