Shaq Explains Why He Signed With General Insurance Company

Basketball Hall of Famer Shaquille O’Neal learned lots about funds when he tried to return a automobile he bought with grant money because he couldn’t afford insurance on the vehicle.

That’s why Shaq is the spokesman General Insurance Companyin response to MoneyWise.

About Rashad Bilal and Troy Millings podcast in July 2021, the star spoke about not knowing concerning the extra costs of automobile insurance when she bought a used Ford Bronco in college. The truck cost $1,500, and he received a federal Pell Grant (Federal Pell Grants(a government grant that’s required for college kids with exceptional financial need who haven’t yet earned a primary bachelor’s degree) an $1,800 payment that was used to buy a automobile.

“In college, everyone had a car except me,” Shaq said. However, the automobile salesman informed Shaq that he would want insurance to drive.

Shaq’s response: “What is insurance?”

After learning concerning the insurance costs, which he learned might be as much as $300 a month, he tried to take the Bronco back to the dealership. That’s when the dealer who took care of it told him about The General Insurance Company, which offered Shaq a reasonable monthly rate.

All went well. Fast forward a number of years, and Shaq had left Louisiana State University and was having fun with a legendary (and really lucrative) NBA profession. Car insurance was no problem, but he remembered the charm of the corporate.

“The reason I’m doing ads for The General now is, number one, they took care of me when I was young, but it’s affordable insurance,” he said. “It’s a really high-quality insurance company, like all the other companies, but we decided we weren’t going to charge people too much.”