Shoppers have a choice when shopping for the lowest priced Pontiac Grand Prix insurance. They can either waste time contacting agents to get rate comparisons or use the internet to find the lowest rates.
There is a right way and a wrong way to buy auto insurance and we’ll show you the quickest way to get price quotes for your Pontiac and find the best price possible.
It’s a good habit to compare rates once or twice a year because rates are usually higher with each renewal. Even if you think you had the lowest rates on Grand Prix insurance six months ago you can probably find a lower rate today. There is too much inaccurate information about auto insurance on the internet, so by reading this article, you’re going to learn some good information on how to put money back in your pocket.
If you are insured now or are shopping for new coverage, you will benefit by learning to reduce the price you pay while maintaining coverages. The purpose of this post is to help you learn how car insurance quotes work. Drivers only need an understanding of the proper way to compare company rates online.
The price of auto insurance can be rather high, but there could be available discounts to help bring down the price. Most are applied at the time you complete a quote, but some may not be applied and must be manually applied before you will receive the discount. If you don’t get every credit available, you’re just leaving money on the table.
As a disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the cost of specific coverages such as comprehensive or collision. Just because you may think all the discounts add up to a free policy, companies don’t profit that way. Any amount of discount will bring down your overall premium however.
To see a list of insurance companies with discount insurance rates, click here to view.
When buying the best car insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.
Here are some questions about coverages that could help you determine if you could use an agent’s help.
If you’re not sure about those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, free and may give you better protection.
Consumers constantly see and hear ads for the lowest price auto insurance from the likes of State Farm, GEICO and Progressive. All the companies have a common claim about savings if you change your coverage to them.
How do they all make almost identical claims? It’s all in the numbers.
All the different companies can use profiling for the right customer they prefer to insure. For example, a desirable insured might be profiled as between 25 and 40, a clean driving record, and has a high credit rating. A propective insured who meets those qualifications receives the best rates and therefore will cut their rates substantially.
Drivers who don’t measure up to this ideal profile will be quoted a higher premium and this can result in the driver buying from a lower-cost company. The ad wording is “customers that switch” not “everybody who quotes” save money. That’s the way insurance companies can confidently make the claims of big savings.
This emphasizes why drivers should get quotes from several different companies. It’s impossible to know which company will give you the biggest savings on Pontiac Grand Prix insurance.
Learning about specific coverages of insurance helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.
Comprehensive auto coverage – This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like rock chips in glass, damage from a tornado or hurricane and theft. The most 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.
Collision – Collision insurance pays for damage to your Grand Prix resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as hitting a parking meter, scraping a guard rail and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.
Auto liability – This provides protection from injuries or damage you cause to other people or property in an accident. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage protects against claims such as legal defense fees, court costs, medical services, attorney fees and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.
Medical payments and PIP coverage – Med pay and PIP coverage kick in for short-term medical expenses for dental work, pain medications and nursing services. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Pontiac Grand Prix.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently the UM/UIM limits are set the same as your liablity limits.
We just showed you many ideas to save on 1994 Pontiac Grand Prix insurance. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. You may be surprised to find that the best price on auto insurance is with a smaller regional carrier.
People change insurance companies for many reasons like delays in paying claims, denial of a claim, questionable increases in premium or even policy cancellation. Regardless of your reason for switching companies, choosing a new company is pretty simple and you could end up saving a buck or two.
Affordable insurance is attainable both online and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. A few companies do not offer online quoting and these smaller companies work with independent agents.
Much more information about auto insurance is available on the following sites: