GM offering free insurance with new vehicle purchase - in Oregon and Washington

[webby]

GM offering free insurance with new vehicle purchase - in Oregon and Washington

Those in the market for a 2011 Cadillac CTS-V Sport Wagon might not worry about insurance costs, but that doesn't mean other folks shopping in the General Motors catalog of vehicles aren't concerned about their premiums. GM has decided to lend a helping hand on that front, by offering one free year (or 15,000 miles) of car insurance through MetLife.

GM's brass has decided to test out the program with car shoppers located in Oregon and Washington. Anyone who buys a 2010, 2011 or 2012 General Motors vehicle in either of those states is eligible to participate in the program, with the exception of of those folks adding vehicles to their commercial fleets. The program includes all vehicles in the Buick, Cadillac, Chevrolet and GMC lineups.

Sound like a sweet deal? It should certainly save new car shoppers a bundle of cash over the course of that first year of ownership. If you're lucky enough to live in one of those two states, you have until September 6 to pick up a new insurance-paid ride.

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[KennyGS]

I'll bet there are other rules, requirements and exceptions.

 

[webby]

press release

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.

Terms from the 1st link

1. 
   The program applies to eligible new 2010, 2011 and 2012 model year vehicles only;
2. 
   The program is currently available only to residents of the States of Oregon and Washington, regardless of where the vehicles are purchased or leased; a participant must have a valid driver's license;
3. 
   The program is not available to purchasers/lessees who: (i) use a GM Fleet Account Number to purchase a vehicle; (ii) transport goods or people for a fee, (iii) use the vehicle in a commercial fleet; or (iv) allow the vehicle to be driven by the purchaser/lessee's employees;
4. 
   The policy limits applicable to the insurance coverage and deductibles from MetLife Auto & Home are as follows. Questions should be directed to MetLife Auto & Home;
   
   
   
   
   Standard Liability Coverage Package:​
   Bodily Injury and Property Damage Liability $100,000/$300,000/$50,000
   Personal Injury Protection - Oregon Only $15,000 per person
   Personal Injury Protection - Washington Only $10,000 per person
   Uninsured/Underinsured Motorist - Oregon Only $100,000/$300,000/$50,000
   Underinsured Motorists - Washington Only $100,000/$300,000/$50,000
   
   
   Standard Physical Damage Coverage Package:​
   Comprehensive (Other than Collision) $500 Deductible
   Collision $500 Deductible
5. 
   The program may be discontinued at any time, however, the insurance provided under the program, once an eligible vehicle has been delivered, may not be terminated by GM;
6. 
   Customers may be asked to provide personal information to MetLife Auto & Home, in order to enable it to rate their policies, so it can dispatch a bill to the auto manufacturer. MetLife Auto & Home may use information provided by Consumer Reporting Agencies, such as credit, driving record and claim history. This information gathering process does not impact the customer's eligibility for the program, as coverage is issued to all eligible purchasers of qualifying automobiles who are licensed residents of Oregon or Washington;
7. 
   The customer may refuse the insurance, but he/she may not refuse the insurance and receive a credit against the cost of the vehicle equal to the cost of the insurance;
8. 
   Eligible customers will be offered replacement policies at the end of one year at a premium to be determined by the insurer, but it is each customer's responsibility to obtain replacement coverage at the end of the policy term. The insurance policies will not be automatically renewed or replaced;
9. 
   Coverage is not guaranteed to be issued by any particular carrier after the program policy term, or at any particular premium;
10. 
    The customer will have to pay the cost of insurance beyond the first year;
11. 
    The insurance is provided by Metropolitan Property and Casualty Insurance Company, or one of its affiliates (collectively operating as "MetLife Auto & Home®"): Economy Fire & Casualty Company, Economy Preferred Insurance Company, Economy Premier Assurance Company, Metropolitan Casualty Insurance Company, Metropolitan Direct Property and Casualty Insurance Company (CA Certificate of Authority: 6730; Warwick, RI) Metropolitan General Insurance Company, Metropolitan Group Property and Casualty Insurance Company (CA COA: 6393; Warwick, RI), and Metropolitan Lloyds Insurance Company of Texas, all with administrative home offices in Warwick, RI. Coverage, rates and discounts are available in most states to those who qualify;
12. 
    The terms and conditions of the coverage provided are specified in the policy and all applicable endorsements, which prevail over any advertised description of the program of the insurance provided thereunder;
13. 
    Customers must take retail delivery of an eligible vehicle by 9/6/11; and
14. 
    In the state of Washington, if the vehicle is replaced for any reason, credit for any unearned premium cannot be transferred to the replacement vehicle.

 

[KennyGS]

Thank you very much sir.

The policy is better than I would have guessed, although some people may feel the comprehensive and collision deductibles are too high.

I'm impressed.

 

[LizBot]

I don't know if it will sell...

 

[webby]

I don't know if it will sell...

it's not just that car...

Anyone who buys a 2010, 2011 or 2012 General Motors vehicle in either of those states is eligible to participate in the program, with the exception of of those folks adding vehicles to their commercial fleets. The program includes all vehicles in the Buick, Cadillac, Chevrolet and GMC lineups.

 

[EJ8*]

Probably won't sell much more just because of the free insurances