Free Insurance Promotion From GM Catching Grief
GM rolled out a test project where they are offering one year of free GM insurance coverage on 2010 and newer models. The offer is only available in Oregon and Washington a this time. The program is facing some backlash from, you guessed it, insurance agents.
The complaints are coming from the Independent Insurance Agents & Brokers of America, which has expressed concerns about licensing and regulation. Also the group is concerned about you, the consumer. ”If you have more than one car, what happens to the provisions of your own auto policy where you don’t have automatic coverage unless all your vehicles are insured with that company?”, said John Timm, president of the Independent Agents and Brokers of Oregon.
This is just an opinion, but why doesn’t the group just openly say that they want their cut and stop couching their complaints as concern for the people who are getting a break from insurance premiums. MetLife is underwriting the plans and has approval of the insurance regulators in both states. Doesn’t it make sense that these concerns have already been addressed?
For more info about the offer, check out our original post on the subject: Buy a New GM and Get Free Insurance For a Year.