GM Offering Free Insurance For New Vehicles

[William Maley]

GM Offering Free Insurance For New Vehicles

William Maley - Editor/Reporter - CheersandGears.com

July 8, 2011

If you happen to live in either Washington or Oregon and are thinking about buying a new General Motor's vehicle, GM has just sweeten the offer.

GM has teamed up with insurance company, MetLife to offer a free year (or up to the first 15,000 miles) of car insurance to anyone who buys a 2011 or 2012 Buick, Cadillac, Chevrolet, or GMC vehicle in the two states. The program only covers private buyers, no fleets may apply. GM says the program is a pilot and if it's successful, they will offer the program in other states.

If this peaks your interest, you might want to hurry. GM says the program will end of September 6th.

GM Offers Auto Insurance as Standard Feature in Oregon and Washington

Pilot program for new Chevrolet, Buick, GMC and Cadillac vehicles runs through Sept. 6

DETROIT – Drivers in Oregon and Washington who take delivery of a new 2010, 2011 or 2012 Chevrolet, Buick, GMC or Cadillac car, truck or crossover between today and September 6 will receive a one-year insurance policy from MetLife Auto & Home at no additional cost.

The offer is designed to streamline the car-buying experience and add value by addressing affordability – one of the bigger challenges facing many vehicle buyers today.

"We want to give residents of Oregon and Washington another reason to discover Chevrolet, Buick, GMC and Cadillac vehicles," said Chris Perry, U.S. vice president of General Motors Marketing. "We have new products like the Chevrolet Cruze, Buick Regal, GMC Terrain and Cadillac CTS Coupe that are now even more appealing with a year's worth of insurance."

The auto insurance includes both liability and physical damage coverage and exceeds requirements in the two states.

"This offer enhances the vehicle's value proposition because our policy is considered one of the most comprehensive in the industry," said Bill Moore, president of MetLife Auto & Home. "Our new car replacement feature is a benefit not found in most auto policies."

The policy covers the vehicle and anyone who drives it with the owner's permission for a full year from the date of purchase, as long as the original purchaser continues to own or lease the vehicle. The policy is not available on vehicles purchased or leased for certain commercial or fleet purposes.

Under MetLife Auto & Home's auto policy, if a new car is damaged beyond repair within the car's first year or first 15,000 miles, whichever comes first, MetLife Auto & Home will repair or replace the vehicle with a new vehicle, without deducting for depreciation. Many auto insurers subtract miles driven at the time a vehicle is damaged resulting in thousands of dollars in out-of-pocket expenses.

GM is testing auto insurance as a standard feature to determine consumer appeal. It is available only to Oregon and Washington residents with valid driver's licenses who title their vehicle in those states. The vehicle owner can seek to renew the insurance at the end of one year or go elsewhere for coverage.

Complete program details and limitations are available at www.chevyinsurancebreak.com, www.buickinsuranceoffer.com, www.gmcinsuranceoffer.com and www.cadillac.com/insuranceoffer.com

[the_yellow_dart]

Since when is insurance limited by miles?

Also, how is 15k enough for a year?

[Drew Dowdell]

At the rate I am driving, 15,000 miles is enough for 4 years.

[Robert Hall]

Interesting idea...will be interesting to see how long it lasts or if it gets expanded to other states. 15k is reasonable, I think. In the last 11 years I think I exceeded 12k in one year only once...this year is trending much lower since my commute is now under 20 miles/day instead of 50 miles/day.

[William Maley]

Since when is insurance limited by miles?

Also, how is 15k enough for a year?

I fixed it. I missed some key words in the Press Release.

if a new car is damaged beyond repair within the car's first year or first 15,000 miles, whichever comes first