GPS, Security Feature OnStar Leads To Lower Auto Insurance Quotes

InsuranceAgents.com discusses the impact OnStar has on car insurance quotes. End Quote

Generally speaking, fancy gadgets and high-tech accessories add to auto insurance quotes because they are riskier to insure.

Chicago, IL (1888PressRelease) October 08, 2009 - Generally speaking, fancy gadgets and high-tech accessories add to auto insurance quotes because they are riskier to insure as a result of their susceptibility to theft. However, OnStar is an exception to the rule for its unique functions, according to an article recently published on InsuranceAgents.com

The article titled ‘How OnStar Affects Your Car Insurance Quotes’ states that some insurance companies are using a vehicle’s OnStar to determine auto insurance rates for the driver and the result could be substantial savings. Most insurance providers base their rates on statistics and averages and if a driver accumulates less miles than the average then they should be eligible for savings on auto insurance.

“How do you prove to your insurance company that you don’t drive that much and thus should be eligible for lower car insurance quotes? That is where OnStar comes in,” the article states. “Your insurance company can use your OnStar as a barometer for how much or how little you drive.”

The article lists a useful breakdown of the relationship between annual miles driven and potential savings.

• Driving less than 5,000 miles a year could equal up to 40 percent in savings
• Driving less than 10,000 miles a year could equal up to 25 percent in savings
• Driving less than 15,000 miles a year could equal up to 15 percent in savings

However, these numbers vary depending on the insurance company and some insurance companies do not even recognize OnStar as a determiner of discount eligibility. Talk to an auto insurance agent today about OnStar and the auto insurance savings associated with it.

Staff contribution: Kyle Fitzsimmons

http://www.insuranceagents.com/onstar.html

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