2005 Pontiac GTO Car Insurance Rates

Expensive auto insurance can empty your savings account and make it impossible to make ends meet. Shopping your coverage around is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income.

There are many insurance companies to buy insurance from, and although it’s nice to have a choice, it makes it harder to find a good deal.

It’s a great practice to price shop coverage before your policy renews since rates change frequently. Even if you got the lowest price on GTO insurance on your last policy the chances are good that you can find a lower rate today. Forget all the misinformation about auto insurance because you’re about to learn the easiest way to eliminate unnecessary coverages and save money.

Pay less for Pontiac GTO insurance

The price of auto insurance can be rather high, but you can get discounts to help bring down the price. Certain discounts will be applied when you get a quote, but lesser-known reductions have to be inquired about before they will apply.

  • Federal Employees – Active or retired federal employment could cut as much as 10% off on GTO insurance with a few insurance coverage companies.
  • Safe Drivers – Insureds without accidents may save up to 50% more on GTO insurance than their less cautious counterparts.
  • Early Signing – A few companies offer discounts for switching to them prior to your current policy expiration. This can save 10% or more.
  • Passive Restraint Discount – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Braking Control Discount – Anti-lock brake equipped vehicles can avoid accidents and qualify for as much as a 10% discount.
  • Good Student – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.

Keep in mind that some credits don’t apply to the entire cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. Just because it seems like all those discounts means the company will pay you, insurance coverage companies aren’t that generous. But any discount will bring down your premiums.

To see a list of providers with discount insurance coverage rates, click here.

Finding Car Insurance Deals

There are several ways to compare rate quotes from local car insurance companies. By far the easiest way to find the cheapest 2005 Pontiac GTO insurance rates is to perform an online rate comparison. This can be accomplished in a couple of different ways.

  1. The easiest and least time consuming way to find low rates is a comparison rater form like this one (opens in new window). This type of form eliminates the need for separate quotes for each company you want a rate for. Completing one form will get you price quotes instantly.
  2. A less efficient way to shop for car insurance online is to take the time to go to each company website and complete a new quote form. For examples sake, we’ll pretend you want comparison quotes from State Farm, Allstate and Geico. You would have to visit each site to input your insurance information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.

Whichever way you use, ensure you are comparing exactly the same quote information for each comparison quote. If you use different values for each quote it’s impossible to make an equal comparison. Quoting even small variations in limits may cause a big price difference. And when price shopping your coverage, getting more free quotes provides better odds of finding better pricing.

Factors determining your Pontiac GTO insurance premium

An important part of buying insurance is that you know the different types of things that help determine insurance rates. Having a good understanding of what influences your rates allows you to make educated decisions that will entitle you to big savings.

  • Credit scores impact insurance rates – Having a bad credit score is a big factor in determining what you pay for insurance. If your credit history is lower than you’d like, you could save money insuring your 2005 Pontiac GTO by improving your rating. Consumers who have good credit tend to be less risk to insure than drivers with poor credit.
  • A lapse in coverage is a bad thing – Driving with no insurance is against the law and you will pay a penalty because you let your coverage lapse. And not only will your rates increase, but being ticketed for driving with no insurance might get you a license revocation or jail time.
  • Better crash test results mean better rates – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles have better occupant injury protection and any reduction in injury severity means lower claim amounts and more competitive rates for policyholders. If your Pontiac GTO scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Pay less after the wedding – Having a wife or husband actually saves money on your policy. Having a spouse translates into being more mature and it’s statistically proven that being married results in fewer claims.
  • Discounts for multiple policies – Many insurers give discounts to people who buy several policies from them. It’s known as a multi-policy discount. Discounts can add up to five, ten or even twenty percent. If you currently are using one company, you may still want to compare other company rates to ensure the best deal. You may still find better rates by buying insurance from a different company.
  • A clean driving record saves money – Drivers with clean records tend to pay less for car insurance compared to drivers with tickets. Only having one citation may increase your cost by as much as thirty percent. Drivers who have flagrant citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to keep their license.

Tailor your coverage to you

When it comes to buying the best insurance coverage for your vehicles, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions may help you determine if your situation would benefit from professional advice.

  • How can I get high-risk coverage after a DUI?
  • What happens if I owe more than my 2005 Pontiac GTO is worth?
  • Are split liability limits better than a combined single limit?
  • Should I carry comprehensive and collision coverage?
  • Is my Pontiac GTO covered if I use it for business?
  • Will filing a claim cost me more?
  • Does coverage extend to a rental car in a foreign country?
  • Is my state a no-fault state?
  • Am I getting all the discounts available?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Specific coverages for a Pontiac GTO

Having a good grasp of a car insurance policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types found on most car insurance policies.

Comprehensive or Other Than Collision – This covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as a broken windshield, damage from getting keyed and damage from flooding. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability – Liability insurance protects you from injuries or damage you cause to people or other property in an accident. It protects YOU from legal claims by others, and doesn’t cover 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 limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims such as pain and suffering, medical services, medical expenses, emergency aid and court costs. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as nursing services, surgery and EMT expenses. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

UM/UIM Coverage – This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2005 Pontiac GTO.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as crashing into a building, rolling your car and driving through your garage door. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Stretch your dollar

When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. In many cases, an insured cut liability limits or collision coverage and found out when filing a claim that it was a big error on their part. Your strategy should be to get the best coverage possible at the best price.

Discount 2005 Pontiac GTO insurance is attainable on the web and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance coverage companies do not offer the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

More information can be found below: