No longer will insurance costs be a factor for new car purchases in Oregon and Washington.
Anyone who purchases a new 2010, 2011 or 2012 Chevrolet, Buick, GMC or Cadillac car, truck, SUV or crossover between today and September 6 will receive a year of free insurance coverage from General Motors (GM) through MetLife.
GM is testing the waters with “standard” auto insurance in Oregon and Washington to see if customers bite -- if the program does well enough, there could be potential for a similar program to be rolled out nationwide. GM say’s that part of the reason for the insurance offer is to streamline the new car-buying process.
The insurance, which is offered through MetLife covers both liability and physical damage, and it also exceeds Oregon and Washington’s requirements. The policy will not only cover the vehicle, but also anyone who drives it with the owner’s permission for up to a year from the date of purchase. After the first year with free MetLife insurance, owners have the option of renewing their coverage or going with another insurance company of their choice.