Lower Your 1992 Pontiac Grand Am Insurance Quotes

Finding affordable auto insurance can be challenging for people who are new to comparing rates online. Consumers have so many choices that it can be a challenge to find the best price.

You should take the time to shop coverage around once or twice a year because rates are adjusted regularly by insurance companies. Just because you had the lowest price on Grand Am insurance on your last policy you can probably find a lower rate today. So ignore everything you know about auto insurance because we’re going to show you the only way to reduce your cost while increasing coverage.

Finding affordable coverage is easy if you know what you’re doing. If you currently have a car insurance policy, you will be able to reduce your rates substantially using these methods. Although drivers can benefit by having an understanding of the methods companies use to market on the web.

Lots of discounts mean lots of savings

Auto insurance companies don’t always publicize every discount in a way that’s easy to find, so we break down both well-publicized and the more hidden insurance coverage savings.

  • Good Student – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last until age 25.
  • Military Discounts – Having a family member in the military may qualify for rate reductions.
  • Low Mileage Discounts – Keeping the miles down on your Pontiac can earn lower rates on the low mileage vehicles.
  • Accident Forgiveness – A handful of insurance companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims for a set time period.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could cut 10% or more off the personal injury premium cost.
  • Pay Upfront and Save – By paying your policy upfront instead of paying each month you could save up to 5%.

As a disclaimer on discounts, most credits do not apply the the whole policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, you won’t be that lucky.

To see a list of companies offering insurance coverage discounts, click here to view.

Pontiac Grand Am insurance rates can be determined by these details

An important part of buying insurance is that you know the factors that go into determining the price you pay for car insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that can help you get much lower annual insurance costs.

Listed below are a few of the “ingredients” companies use to determine your rates.

  • Your spouse saves you money – Getting married can actually save you money on your policy. Marriage translates into being more mature than a single person it has been statistically shown that drivers who are married are more cautious.
  • Bad driving skills means higher rates – Careful drivers have lower premiums than people who have multiple driving citations. Just one speeding ticket can boost insurance rates by as much as thirty percent. If you have severe violations such as reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to drive a vehicle legally.
  • Equipment add-ons that lower car insurance rates – Owning a car with a theft deterrent system can get you a discount on your car insurance. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent auto theft.
  • How your age affects price – Teenage drivers are known to be careless and easily distracted in a vehicle so they pay higher car insurance rates. Mature drivers are more cautious drivers, statistically cause fewer accidents and are safer drivers.
  • Multi-policy discounts can save money – The majority of insurance companies provide better rates to customers who have multiple policies with them such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even with this discount, it’s in your best interest to compare other company rates to ensure the best deal. Consumers may find better rates by splitting coverages up.
  • Protect yourself with liability coverage – Liability insurance is the coverage that protects you when a jury decides you are liable for personal injury or accident damage. It will provide legal defense coverage starting from day one. Liability insurance is quite affordable compared to physical damage coverage, so drivers should carry high limits.
  • Safer occupants lowers premiums – Vehicles with good safety scores get lower rates. These vehicles result in less severe injuries and any reduction in injury severity means less money paid by your insurance company and lower rates for you. If your Pontiac Grand Am is rated at least four stars on Safercar.gov it may be receiving lower rates.
  • More miles equals more premium – The more you drive in a year’s time the higher your rate. Most insurance companies rate vehicles based on their usage. Autos not used for work or commuting qualify for better rates compared to those used for work or business. Ask your agent if your car insurance policy is rated on the correct driver usage. If your policy improperly rates your Grand Am may be wasting your money.

Situations that might require an agent

When it comes to buying coverage for your personal vehicles, there really is no best way to insure your cars. Every insured’s situation is different.

For example, these questions might point out whether your personal situation might need professional guidance.

  • Does my liability insurance cover pulling a trailer or camper?
  • Where can I find DUI or SR-22 insurance?
  • Does insurance cover damages from a DUI accident?
  • Is business equipment covered while in my vehicle?
  • Do I need medical payments coverage since I have good health insurance?
  • Can I rate high risk drivers on liability-only vehicles?
  • When do I need to add a new car to my policy?
  • When should I not file a claim?
  • Does my policy cover me when driving someone else’s vehicle?
  • Do I really need UM/UIM coverage?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Do drivers who switch really save?

Car insurance companies such as State Farm, Allstate and GEICO constantly bombard you with ads on TV and radio. They all seem to have a common claim that you’ll save big if you switch your coverage to them. How does each company make the same claim?

Different companies have a certain “appetite” for the type of customer they prefer to insure. For example, a desirable insured might be profiled as a mature driver, is a homeowner, and drives newer vehicles. Any driver who matches those parameters receives the best rates and most likely will pay quite a bit less when switching companies.

Drivers who are not a match for the requirements will be charged higher rates and this can result in the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save money. That’s the way companies can truthfully make those claims. That is why it’s extremely important to get as many comparisons as possible. You cannot predict which company will provide you with the cheapest Pontiac Grand Am insurance rates.

Insurance coverage basics

Understanding the coverages of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like falling objects, fire damage, theft and hitting a deer. The highest amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability car insurance

Liability coverage protects you from damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims like bail bonds, funeral expenses, structural damage and court costs. How much coverage you buy is a decision to put some thought into, but buy as high a limit as you can afford.

Coverage for medical expenses

Med pay and PIP coverage provide coverage for short-term medical expenses like hospital visits, pain medications, X-ray expenses, surgery and EMT expenses. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers

This protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 1992 Pontiac Grand Am.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Auto collision coverage

This covers damage to your Grand Am resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like scraping a guard rail, colliding with a tree, driving through your garage door, rolling your car and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

More choices the merrier

Lower-priced 1992 Pontiac Grand Am insurance is definitely available online and with local insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies do not offer online price quotes and these regional insurance providers work with independent agents.

We’ve covered some good ideas how you can lower your insurance rates. The most important thing to understand is the more price quotes you have, the better likelihood of reducing your rate. Consumers may even find the lowest premiums are with a company that doesn’t do a lot of advertising.

Consumers change insurance companies for a number of reasons such as delays in responding to claim requests, high prices, lack of trust in their agent and even being labeled a high risk driver. Regardless of your reason for switching companies, finding a great new company can be less work than you think.

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