GMAC Auto Insurance: Deal of the Week

Written by John Krystof on March 6, 2013

Frequently, discounts or savings in car insurance often depend on the driver, his location, and driving record. As a result, it’s hard to say a particular company has a “deal” in auto insurance because one driver can get a really low rate while a second driver could be hit with a high premium due to a bad history with tickets.

 

However, once in a while a car insurance company comes out with a new campaign that represents a significant market mover in terms of pricing competition. GMAC is one such example. However, there’s a catch.

 

Additionally, the GMAC program can be graduated for drivers who can cut back a bit but not as extreme as 2,500 miles every half year. Instead, drivers who can keep their mileage between 7,500 and 10,000 miles per year can realize a 26 percent decrease in their insurance cost charged by GMAC. This option is a viable alternative for those who would otherwise be driving 15,000 miles annually.

Not everyone likes the idea of a company tracking their travel, but for those who see an advantage, an insurance savings of 26 to 54 percent represents real money kept in the wallet.

Posted Under: Auto Loans, Insurance Rates
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About John Krystof

John Krystof writes about personal finance and money matters for RateZip.com. He was born and educated in Central Europe, but presently resides in New York City.


Mar6

Frequently, discounts or savings in car insurance often depend on the driver, his location, and driving record. As a result, it’s hard to say a particular company has a “deal” in auto insurance because one driver can get a really low rate while a second driver could be hit with a high premium due to a bad history with tickets.

 

However, once in a while a car insurance company comes out with a new campaign that represents a significant market mover in terms of pricing competition. GMAC is one such example. However, there’s a catch.

 

Additionally, the GMAC program can be graduated for drivers who can cut back a bit but not as extreme as 2,500 miles every half year. Instead, drivers who can keep their mileage between 7,500 and 10,000 miles per year can realize a 26 percent decrease in their insurance cost charged by GMAC. This option is a viable alternative for those who would otherwise be driving 15,000 miles annually.

Not everyone likes the idea of a company tracking their travel, but for those who see an advantage, an insurance savings of 26 to 54 percent represents real money kept in the wallet.

About John Krystof
John Krystof writes about personal finance and money matters for RateZip.com. He was born and educated in Central Europe, but presently resides in New York City.