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GMAC Auto Insurance Ratings and Company Information
Best Insurance Reports: A-
Url of page where rating was collected: Click Here to Visit
Best Rating: A.M. Best rating: A- (excellent)
Type of Insurance Company: Stock
Name of Parent Company:
New South Insurance Co.
CIM Insurance Corp.
MIC General Insurance Co.
Company History: Founded in 1919 as a subsidiary of General Motors, GMAC currently operates in approximately 40 countries. 51 percent of GMAC was recently sold to an investor group led by Cerberus Capital Management, L.P.
Principle Sales Methods: 14,000 independent agents nationwide.
Auto Business: GMAC sells Auto, Commercial Auto and Motorcycle policies.
Company Financial Status:
Ticker Symbol: GMAC
Assets & Premiums: Premiums: $1.3+ Billion (15th largest underwriter of personal lines insurance in the U.S.)
Assets: $100+ Billion
Lines of Insurance:
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY