We didn’t want to mention it when we wrote about GM’s buy a car, get free insurance deal. If we would have said it, it would have been the nasty B-word all over again. The rest of the media showed less compunction. “The worse you drive, the bigger the deal” headlined MSN Money. The deal can be staggering under the right or wrong circumstances, says MSN Money:
“For a busy Seattle family with two teenage boys — one of whom has a speeding ticket? We ran comparison quotes on a shiny new 2011 Chevrolet Tahoe LTZ. The lowest premium we found was $4,890 a year; the highest was $10,300.”
MSN interviewed Jessica Caldwell of Edmunds.com (video here, no embed,) and she had this to say:
“It looks like anyone can qualify. So if you are that 22 year old living at home, and your mom and dad have disposable income and want to buy a Camaro, sign up for it.”
So is that what he meant when GM spokesman Tom Henderson said that many potential new car buyers found it difficult to afford insurance for a new vehicle?