GMAC Insurance today announced the company will reduce its auto insurance rates in Ohio, effective immediately. Drivers can expect to save an average of 10.22 percent when purchasing GMAC Insurance coverage. There are 246 Ohio-based independent agencies that sell GMAC auto insurance.
In addition the company said that the GM Loyalty Discount has increased, which means policies with only GM vehicles now get up to 15 percent off liability coverage.
“With lower claims costs and favorable market conditions, we have reduced the rates that our independent agents offer,” said Scott Murphy, vice president of product and pricing, GMAC Insurance — Personal Lines. “Given our long-term commitment to our customers and agents in Ohio, we believe this is the right thing to do for both new and existing customers.”
According to a written statement, GMAC said the rate reduction is a statewide average that will affect individual customers differently. Overall premium changes for individual motorists will vary depending on factors such as the coverages they carry, the discounts for which they qualify, where they live, the kind of car insured, who drives it and how much it is driven.
Source: GMAC Insurance
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