Are you a victim of an underperforming, overpriced auto insurance policy? Believe me when I say there are a lot of people just like you who feel imprisoned by their auto insurance policy.
Lots of car insurance companies contend to insure your vehicles, and it can be difficult to compare rates to get the best price available.
It’s a great practice to shop coverage around periodically since insurance rates go up and down regularly. Even if you think you had the best rates for Grand Am insurance six months ago other companies may now be cheaper. There is a lot of bad advice regarding auto insurance online, so with this article, you’re going to get the best ways to buy auto insurance cheaper.
Companies offering auto insurance do not advertise all their discounts very clearly, so the following is a list of both well-publicized and also the lesser-known savings tricks you should be using.
Consumers should know that some of the credits will not apply to your bottom line cost. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, companies wouldn’t make money that way.
To see a list of providers with the best auto insurance discounts, click here to view.
When it comes to choosing the best insurance coverage coverage, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether or not you would benefit from professional advice.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier
Insurance coverage companies such as Progressive, Allstate and GEICO constantly bombard you with ads on television and other media. They all seem to have a common claim that you can save if you switch to their company. How does each company make almost identical claims? It’s all in the numbers.
All the different companies are able to cherry pick for the type of customer that makes them money. For example, a desirable insured might be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. A driver who meets those qualifications gets the lowest rates and is almost guaranteed to save quite a bit of money when switching.
Potential customers who don’t qualify for the “perfect” profile will have to pay a more expensive rate and this can result in the customer not buying. The ads say “customers that switch” not “everyone that quotes” save money. This is how companies can truthfully make the claims of big savings. Because of the profiling, drivers must get as many quotes as possible. It’s not possible to predict which company will give you the biggest savings on Pontiac Grand Am insurance.
Having a good grasp of your policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverage types offered by insurance companies.
Liability coverage protects you from damage that occurs to other people or property that is your fault. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability can pay for things like structural damage, pain and suffering, repair costs for stationary objects, attorney fees and emergency aid. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.
Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things such as a tree branch falling on your vehicle, damage from a tornado or hurricane, hitting a bird, theft and fire damage. The most your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 1993 Pontiac Grand Am.
Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for chiropractic care, dental work and pain medications. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Collision coverage will pay to fix damage to your Grand Am from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as backing into a parked car, damaging your car on a curb, hitting a mailbox, sideswiping another vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.
As you go through the steps to switch your coverage, do not reduce needed coverages to save money. Too many times, an accident victim reduced collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage at a price you can afford.
We’ve covered a lot of ways to get a better price on 1993 Pontiac Grand Am insurance. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. You may even find the lowest rates come from a lesser-known regional company. These smaller insurers often have lower prices on specific markets as compared to the big name companies such as Allstate and Progressive.
Additional detailed information can be found in these articles: