GMAC Auto Insurance Transferred to American Capital
The ownership of GMAC Insurance property and casualty division was fully transferred to American Capital Acquisition Corp. on Tuesday. The GMAC division includes commercial vehicle, motorcycle, RV and standard auto insurance offerings.
As a part of the deal, GMAC Insurance Personal Lines will retain the rights to use the name GMAC Insurance in association with its remaining insurance operations. GMAC Insurance Personal Lines has been operating since 1925 and has a Top 20 auto insurance company position. Currently, the company operates in 47 states, as well as the District of Columbia.
What Will Happen to Your Policy?
If you have an auto insurance policy with GMAC, the transition will not have an impact on existing policies and coverage options. The company has assured customers that procedures such as customer service, sales and claims operations for those who already have existing policies will also remain in full force. In other words, customers can expect no significant changes to occur.
If youre concerned about your GMAC Insurance policy and think that it may be time to shop around for a new policy, youre in luck. By visiting Go Insurance Rates, you get the ability to connect with several auto insurers in your area to find accurate low-cost quotes in minutes.