Vehicle owners could soon buy insurance directly from car companies that are promising lower rates to motorists who drive safely.
General Motors announced Wednesday that it is launching OnStar Insurance with plans to make it available to the general public by early 2021 and go nationwide by the end of 2021. The name comes from the brand GM has long used on the safety-and-security communication system embedded in its vehicles.
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.
But 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.
CONTINUE READING HERE: USATODAY.COM