How Insurance Website Works

Saving On Insurance Has Never Been So Easy...

START MY QUOTE HERE
Zip:
Quote Type:
Are You Insured?      

In addition to saving you money on your insurance needs, Insurance-Website is providing its own rating for each insurance company based on insurer information provided to the National Association of Insurance Commissioners by respective state insurance agencies across the nation.

Insurance-Website is providing its own rating for each insurance company based on insurer information provided to the National Association of Insurance Commissioners by respective state insurance agencies across the nation. Insurance-Website uses a unique, weighted formula based on each subsidiary’s reported equity, complaint ratio and A.M. Best rating to help you better determine which ones provide the combination of financial strength and customer service necessary to help reduce the chances of encountering problems with a potential insurance claim. Final ratings are based on a scale from 0 to 10 with 0 being the worst possible rating and 10 the best. Parent company ratings are based on the aggregate averages of subsidiary companies whenever the parent company does not directly engage in insurance underwriting.

Disclaimer: Insurance-Website does not sell insurance and in no way is affiliated with any insurance company, agency or brokerage or the A.M. Best ratings service.

Testimonials
"I always found insurance confusing. After reading about it here, I felt a lot better about buying it. This site made it so simple and easy."
"I always felt like the insurance agents had the upper hand until I came here. Now I know exactly what I want and got a good deal."
"After paying for getting a tooth pulled last summer, I wanted to get some dental insurance. I found a great deal and don’t have to worry about any more surprises."

GMAC Insurance Group

Address:
200 Renaissance Center
Detroit, MI 48265
Phone: 800-200-4622
Website: www.gmacfs.com
Insurance Lines: Auto

GMAC Insurance Group

Founded in 1939 as a subsidiary of General Motors Acceptance Corporation and America's only provider of automobile insurance who arose from the automotive industry, the GMAC Insurance Company is one of the nation's largest providers of automobile insurance with nearly 2 million vehicles insured. In 2006, a consortium of investors, including Citigroup, the PNC Financial Services Group, Aozora Bank and Cerberus Capital Management, purchased 51 percent of the GMAC Insurance Company from General Motors. GMAC became a "bank holding company" in December 2008 and since has agreed to provide auto financing and other services for Chrysler customers as well as General Motors.

GMAC Insurance Subsidiaries

SubsidiaryA.M. BestEquity ($ millions)Complaint RatioI-W Score
GMAC Insurance Company OnlineA- 10.03 4.38 2.8

Insurance-Website rating: Based on combination of the A.M. Best rating, equity score and complaint ratio for each subsidiary company. An Insurance-Website rating of 10 is best and 1 is worst.

Equity: Determined by subtracting insurer liabilities from insurer assets as reported to the National Association of Insurance Commissioners for 2008.

A.M. Best rating: Financial strength ratings as of May 2009 with A++ being the best and F the worst.

Complaint Ratio: A score of 1 indicates the national mean with higher scores indicating more complaints and lower scores indicating fewer complaints filed against the insurer during 2008 as reported to the National Association of Insurance Commissioners.