General Motors to Transform Auto Insurance Industry with OnStar Insurance | Financial Buzz

General Motors to Transform Auto Insurance Industry with OnStar Insurance

General Motors Company (NYSE: GM), OnStar brand has allowed customers to drive with confidence as it offers services that provide peace of mind on the road.  GM reported today its focus on safety and to deliver world class customer experience with OnStar Insurance.  OnStar insurance Services will be the exclusive agent for OnStar Insurance.  “OnStar Insurance will promote safety, security and peace of mind,” said Andrew Rose, president of OnStar Insurance Services. “We aim to be an industry leader, offering insurance in an innovative way. GM customers who have subscribed to OnStar and connected services will be eligible to receive discounts, while also receiving fully-integrated services from OnStar Insurance Services.”

OnStar Insurance Services plans to develop a digital insurance experience that is secure, fair, personalized and easy to use.  OnStar Insurance Services will initially offer OnStar Insurance to GM employees in q4 2020 with Arizona residents and the general public in early 2021. 

Insurance policies sold through OnStar Insurance Services Inc. (“OnStar Insurance Services”) are underwritten and issued by member companies of American Family Mutual Insurance Company, S.I. (collectively, “Insurers”). Insurers are not affiliated with OnStar Insurance Services or its affiliates. Insurance policy prices, coverages, features, terms, benefits, exclusions, limitations, and discounts vary among these Insurers and are subject to qualifications. Privacy policies also vary. OnStar Insurance Services, Inc. assumes no responsibility for any claims and makes no representations regarding the terms and conditions of any policies issued by the Insurers. The Insurers are solely responsible for any claims, and coverage is subject to policy terms and conditions.