#Onstar rates driver

“We know your vehicle better than anybody else and, if you consent, we will use your information on how you drive your vehicle to demonstrate that you’re a better driver and thus lower your” prices. “You’ll have the opportunity over time to have greater control over your pricing,” Rose said. The average American is expected to pay about $1,463 for insurance in 2020, according to policy comparison site Insurify. Taking on CVS, Walgreens: Amazon launches its online pharmacy for medications and prescription refills The most home for your money: These 10 suburbs offer the best value proposition But he said the savings will be “significant.” OnStar Insurance President Andrew Rose declined to provide an estimate for how much the average driver might save since it’s dependent on so many variables, including the kind of car they drive, their road habits and their location. The automaker said it will eventually tie auto insurance rates directly to the consenting driver's performance based on driving data wirelessly collected from the vehicle, rather than educational history and other personal factors. Tesla recently began selling insurance to its vehicle owners in California with plans to expand to other states, and several other automakers have partnered with insurance companies to offer policies to their customers.īut GM is expected to sell its own insurance policies to all vehicles, including non-GM cars, trucks and SUVs, as well as homeowners and renters insurance, through its new agency, OnStar Insurance Services. The name comes from the brand GM has long used on the safety-and-security communication system embedded in its vehicles. General Motors announced Wednesday that it is launching OnStar Insurance with plans to make it available to the general public by early next year and go nationwide by the end of 2021.

Vehicle owners could soon buy insurance directly from car companies that are promising lower rates to motorists who drive safely. Watch Video: Car insurance policies are changing: What to know