Opinion on GMAC Insurance

[RogueRafter]

We just switched from Progressive (who I wouldn`t recommend to ANYONE) to GMAC Insurance. They gave us an amazing deal. Liability protection on a 1978 Motorhome and a 1986 Toronado and Full Coverage on a 2000 Solara with 1,000 deductible for $300 total per six months.. Just curious as to if anyone else had experiences with GMAC?

 

[NCAgent]

We just switched from Progressive (who I wouldn`t recommend to ANYONE) to GMAC Insurance. They gave us an amazing deal. Liability protection on a 1978 Motorhome and a 1986 Toronado and Full Coverage on a 2000 Solara with 1,000 deductible for $300 total per six months.. Just curious as to if anyone else had experiences with GMAC?

They are good here in NC as well. They specialize in vehicles and toys for people so I am not surprised that you got a low rate.

I insured a guy's 30 year old classic porsche for less than 200/year, with a guaranteed value over 20k. So it does happen, you just have to find the right market for those odds and ends. I forgot to mention that it was with Hagerty. However, things happen like that happen when you find the right market for your stuff.

 

[RogueRafter]

Glad to hear that. We have a pretty different combination of vehicles. 1978 Barth Motorhome and a 1986 Oldsmobile Toronado... Hard to find parts for, but they are still awesome vehicles.

 

[Guest]

I use them often and have my car with them

 

[PDX_Agent]

Rogue, just make sure you are eyeballing the renewal premium over the next year or so. GMAC just came back into oregon with a new "rock bottom rate" and it looks like it will be very, very difficult for them to maintain the low rate.

I wager loss ratio issues soon and 12-18 months down the road they are having rate increase after rate increase and finally a moratorium. Just like they did before

 

[Soaringagent]

How is GMAC for agents in California?

 

[JCK818]

They are never that competitive. Not even close

 

[RogueRafter]

Rogue, just make sure you are eyeballing the renewal premium over the next year or so. GMAC just came back into oregon with a new "rock bottom rate" and it looks like it will be very, very difficult for them to maintain the low rate.

I wager loss ratio issues soon and 12-18 months down the road they are having rate increase after rate increase and finally a moratorium. Just like they did before

I will keep an eye on that. Thanks for the heads up.

 

[Sales71]

How is GMAC for agents in California?

i did a quote online for myself I do not represent them came back twice of what i pay now. I guess GMAC In CA is not competitive..

 

[pbbaseball]

great for those with excellent credit here in NC