GMAC Insurance

Founded in 1939 as a subsidiary of General Motors Acceptance Corporation and America’s only provider of automobile insurance that arose from the automotive industry, GMAC Insurance is one of the nation’s largest providers of automobile insurance with nearly $1.5 billion in annual written premiums on 1.2 million policies written to insure 2 million vehicles.

In 2006, a consortium of investors including Citigroup, The PNC Financial Services Group, Aozora Bank and Cerberus Capital Management purchased 51 percent of GMAC from General Motors, ensuring the company has the operating capital to remain a strong contender in the auto and home insurance arenas.

GMAC recently recieved an A- \"Excellent\" rating from A.M. Best based on its ability to pay potential claims. But A.M. Best in February placed the rating under review pending the outcome of potential negative consequences from risks involving GMAC\'s mortgage company, Residential Capital.

GMAC Insurance Personal Lines is a $1.5 billion company providing automobile and home insurance in 47 states. Feel free to use Insurance-Website and browse the various coverages offered by GMAC and other companies. Your privacy and security are assured.