ENCINO, Calif., Nov. 9, 2016 /PRNewswire/ -- Answer Financial®, one of the largest personal auto and home insurance agencies in the U.S., announced today the introduction of its exclusive Rate TrackerTM service, a patent-pending technology offered as a benefit to Answer customers. Rate Tracker 1 monitors insurance prices on behalf of customers and sends periodic alerts to let them know if they still have a competitive rate or could save money with another insurance company on Answer's comparison platform. Answer represents more than 20 insurance partners - including Progressive, MetLife, Esurance, and Safeco - providing quote comparisons and sales services, both online and over the phone with a US-based insurance expert.
"Insurance is one of the largest expenses for most households," said Darren Howard, Chief Marketing Officer for Answer Financial. "Our customers are busy with life, work, family - so they may not have time to regularly shop around for insurance. Now with Rate Tracker, Answer makes their lives easier by tracking prices for them." Rate Tracker is a game changer in the way people shop for auto insurance, by automating a complex and time-consuming process. Rate Tracker builds upon Answer's proprietary comparison technology and established insurance carrier relationships, working in the background to check prices before a customer's current auto insurance policy renews. If an opportunity for potential savings is found, the customer is alerted with an email and a push notification through Answer's policyholder app, Answer MobileTM. If Rate Tracker finds the current policy is still the most competitive, the customer is informed that they still have a great rate, giving them peace of mind and confidence that they are not overpaying for their car insurance. "Rate Tracker has been a homerun with our customers. It's blowing away our expectations with about 90% of people signing up for the service when they buy a policy," said Howard.