Searching for the cheapest car insurance rates for your Pontiac Grand Am? Tired of scraping the payment together to insure your Pontiac every month? Your situation is no different than most other car owners. There is such a variety of auto insurance companies to buy insurance from, and even though it’s nice to be able to choose, it can be more difficult to compare rates.
Smart consumers have a good feel for the different types of things that help determine the price you pay for auto insurance. When you know what positively or negatively impacts premium levels enables informed choices that will entitle you to big savings.
The following are a few of the “ingredients” auto insurance companies consider when setting prices.
Properly insuring your vehicles can get expensive, but there could be available discounts to cut the cost considerably. Larger premium reductions will be automatically applied at the time of quoting, but a few must be specifically requested in order for you to get them. If you aren’t receiving every discount possible, you are throwing money away.
A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Most only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like you could get a free insurance coverage policy, you won’t be that lucky. Any qualifying discounts will reduce the amount you have to pay.
Companies who might offer these discounts include:
Before buying, ask all companies you are considering which discounts you may be entitled to. Some discounts may not apply in your area.
Consumers can’t ignore all the ads that promise big savings by companies like Progressive, Allstate and Geico. They all seem to make the same claim about savings if you switch to them.
But how can every company make almost identical claims? It’s all in the numbers.
All the different companies have a certain “appetite” for the type of driver that is profitable for them. A good example of a preferred risk could possibly be a mature driver, has no prior claims, and has great credit. A customer who fits that profile will get the preferred rates and therefore will save a lot of money.
Potential customers who don’t meet this ideal profile will be quoted higher rates and ends up with the driver buying from a lower-cost company. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. This is how companies can truthfully make those claims.
This emphasizes why it’s extremely important to get quotes from several different companies. Because you never know which insurance companies will fit your personal profile best.
When it comes to buying the right insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions can aid in determining if you might need an agent’s assistance.
If you can’t answer these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.
Learning about specific coverages of a auto insurance policy aids in choosing the right coverages for your vehicles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on most auto insurance policies.
Comprehensive auto insurance – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as vandalism, hitting a deer, damage from a tornado or hurricane and rock chips in glass. The maximum payout a auto 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.
Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Pontiac Grand Am.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Liability coverage – Liability insurance will cover damage or injury you incur to other people or property that is your fault. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage protects against claims like structural damage, attorney fees and court costs. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.
Coverage for medical expenses – Med pay and PIP coverage reimburse you for expenses for things like hospital visits, EMT expenses, surgery, dental work and doctor visits. They are used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision coverages – Collision insurance covers damage to your Grand Am caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for things like sustaining damage from a pot hole, crashing into a ditch and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.
While you’re price shopping online, make sure you don’t buy less coverage just to save a little money. In too many instances, consumers will sacrifice collision coverage and learned later they didn’t have enough coverage. The proper strategy is to purchase a proper amount of coverage at the best price.
Discount 1999 Pontiac Grand Am insurance can be found from both online companies and with local insurance agents, and you should compare price quotes from both to have the best rate selection. Some car insurance companies do not offer online price quotes and most of the time these smaller companies sell through independent agents.
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