ARCA:KOL - Post Discussion
Post by
Loony on Dec 09, 2020 6:27am
Biden+GM+Onstar+Mob= Made in DETROIT
GM to Sell Car Insurance, Using Data on Your Driving to Set Prices
The Detroit auto maker aims to leverage the reams of data generated by its cars to establish an auto-insurance business
GM in recent years has been exploring a way to return to the insurance business by using data from its customers’ vehicles. A GMC car dealership in New Jersey.
PHOTO: ANGUS MORDANT/BLOOMBERG NEWS General Motors Co. is launching a car-insurance business based on the idea its vehicles can remotely track drivers’ behavior and set insurance rates accordingly.
The Detroit-based auto maker will offer insurance plans branded under its OnStar connected-car service, which comes installed on all GM vehicles in North America, the company said Wednesday. Customers who sign up agree to have their driving habits tracked, and those who obey the speed limit, avoid sudden stops and practice other good-driving behavior will be rewarded with cheaper rates, GM said.
For much of its history, GM offered insurance to drivers, ending the business when it unloaded its GMAC financial-services arm in stages to raise cash around the time of its 2009 bankruptcy.
https://www.wsj.com/articles/gm-wants-to-not-only-sell-cars-but-insure-them-too-11605708000
If you like the MOB spying on you, buy a DETROIT GM.
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