| 9:15 AM EST

OnStar Offering Insurance

Leveraging connectivity for advantage
#GeneralMotors #Tesla

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

What

OnStar, the connectivity service that General Motors launched in 1996, is entering the insurance business. OnStar Insurance Services, which will launch in Arizona and then be rolled out to the general public in early 2021, is taking advantage customer’s use of OnStar services.

Quote

“GM customers who have subscribed to OnStar and connected services will be eligible to receive discounts, while also receiving fully-integrated services from OnStar Insurance Services,” said Andrew Rose, president of OnStar Insurance Services.

Observation

Tesla has rolled on an insurance platform. Traditional insurance companies are offering drivers the possibility of getting driver discounts by plugging a dongle into their OBD II ports that transmit driving information to the carrier.

So like the case of Tesla, OnStar-equipped vehicles have the modem ready, so there’s no need for the dongle.

Those who drive carefully are going to benefit. And so is GM, presumably, as it has the opportunity to monetize the data that is associated with accumulating lots of data about drivers—drivers who have opted in to the program.

The future for OEMs: Data monetization.

RELATED CONTENT

  • Tesla Offers Free Autopilot Trials

    Tesla Inc. has begun offering free two-week trials of its semi-autonomous Autopilot technology to owners of its Model 3, S and X electric vehicles who haven’t already purchased the system.   

  • Bosch Invests in DeepMap Startup

    Robert Bosch GmbH has made an unspecified investment in DeepMap Inc., a Palo Alto, Calif.-based startup specializing in mapping technologies for autonomous vehicles.

  • Manufacturing Execution in the Age of IoT

    The latest wave of manufacturing execution systems takes advantage of the Internet of Things, leading to simpler and faster implementations and truly real-time data analysis, decision-making, and problem resolution.