Esurance Awards Insurance Shopper With $25,000 ETRADE Brokerage Account; Ongoing Promotion Rewards Shoppers Who Receive Online Auto Insurance Quotes

Business Wire, July 6, 2000

Business Editors and Internet/Insurance Writers

SAN FRANCISCO--(BUSINESS WIRE)--July 6, 2000

Esurance Inc., the leading Internet-exclusive provider of personal insurance, today announced the winner of the first-ever Esurance $25,000 E*TRADE Account Giveaway, a promotion designed to introduce online insurance shoppers to the complete quote-to-claims Esurance service.

Chris M. Fenton, a network engineer from Sunnyvale, Calif. was the winner of the $25,000 grand prize. Fenton first found out about Esurance at the company's launch party in December. He then visited the online service a few months later when shopping for auto insurance and decided to purchase a policy after receiving an online quote that would save him money. For requesting a quote, Fenton was immediately entered into the drawing for a $25,000 E*TRADE account.

"The whole quote process was a piece of cake," said Fenton. "I saved approximately $200 on the six-month policy for my two cars and was able to buy it instantly online."

Fenton discovered, like many Esurance customers, that buying insurance doesn't have to be a painful and difficult process. Esurance is a complete quote-to-claims online insurance carrier that combines the service of an agent-based insurance company with the competitive rates of a direct provider. Esurance enables customers to get expert advice, instant quotes and immediate coverage, but also lets them manage their policy online at their convenience. Esurance customers can add a driver or a car to a policy, change their level of coverage and print out their policy or proof of insurance card, at any time.

"The Esurance $25,000 E*TRADE Account Giveaway was a great opportunity to introduce consumers to our convenient service," said Keith Phillips, vice president of marketing, Esurance, Inc. "We're thrilled with the overwhelming number of individual insurance shoppers who participated in the contest. Individuals, like Chris Fenton, who want convenience, value and the ability to take control of their financial futures." Esurance will launch the next $25,000 E*TRADE Account Giveaway in early July.

Esurance currently offers auto insurance in 21 states, including Arizona, California, Colorado, Connecticut, Florida, Iowa, Illinois, Indiana, Louisiana, Maryland, Michigan, Missouri, Ohio, Oregon, Minnesota, Pennsylvania, South Carolina, Tennessee, Virginia, Washington and Wisconsin.

About Esurance, Inc.

Esurance is the leading Internet-exclusive provider of personal insurance. Through its online service (http://www.esurance.com), Esurance offers consumers expert advice, quote comparisons and instant coverage, as well as convenient, 24x7 policy management and superior claims handling. The San Francisco-based company was the first to offer this real-time quote-to-claims service to more than half the nation's driving population. Founded in 1998, Esurance is backed by top-tier venture capitalists including Redpoint Ventures, Global Retail Partners, Trinity Ventures and 21st Century Internet Venture Partners.

About E*TRADE

E*TRADE is a global leader in online personal financial services, offering value-added investing and research features, premium customer service and a redundant, proprietary Stateless Architecture(SM) infrastructure. E*TRADE Securities Inc. (Member NASD/SIPC), and its parent company, E*TRADE Group, Inc. have offices in Northern California and in other major business centers in the U.S. and worldwide. E*TRADE is a registered trademark of E*TRADE Securities, Inc. System response and account access time may vary due to market conditions, system performance and other conditions.