Cheaper 2004 Pontiac Grand Prix Insurance Rates

Are you sick and tired of robbing Peter to pay Paul to pay your car insurance bill each month? You are no different than most other car owners. Insurance companies such as State Farm and Geico all promote huge savings with fancy advertisements and consumers find it hard to ignore the propoganda and take the time to shop coverage around.

If you are insured now or are just looking to switch companies, you can use these techniques to get lower rates while maintaining coverages. Choosing the best insurance company for you is quite easy. Drivers only need an understanding of the proper methods to compare company rates on the web.

Discounts are basically free money

Companies don’t always publicize every discount in a way that’s easy to find, so we took the time to find some of the more common and the more hidden ways to save on insurance coverage. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates for Grand Prix coverage than their less cautious counterparts.
  • Claim Free – Good drivers with no accidents pay much less as compared to drivers who are more careless.
  • Good Student – This discount can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • Low Mileage – Keeping the miles down on your Pontiac could qualify for lower rates on the low mileage vehicles.

As a disclaimer on discounts, some credits don’t apply to your bottom line cost. Most only reduce individual premiums such as collision or personal injury protection. So when the math indicates adding up those discounts means a free policy, companies don’t profit that way.

Insurance companies who might offer these money-saving discounts are:

Check with every prospective company what discounts are available to you. Savings may not be available in your state.

Pontiac Grand Prix rates influenced by many factors

Consumers need to have an understanding of the different types of things that come into play when calculating the rates you pay for auto insurance. Having a good understanding of what impacts premium levels helps enable you to make changes that will entitle you to better auto insurance rates.

The list below includes a few of the “ingredients” that factor into prices.

  • Marriage pays dividends – Having a wife or husband helps lower the price on your auto insurance policy. Marriage is viewed as being more mature and statistics show married drivers get in fewer accidents.
  • Do you need the policy add-ons? – There are a lot of extra bells and whistles that can waste your money on your Grand Prix policy. Insurance for personal injury protection, accident forgiveness and membership fees may be costing you every month. These may sound like a good investment when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Your auto insurance rates can be influenced by your job – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as real estate brokers, architects and financial analysts have higher average rates in part from job stress and lots of time spent at work. Conversely, occupations like scientists, engineers and performers get better rates for Grand Prix coverage.
  • Bundling policies can get discounts – Some insurance companies provide better rates to policyholders who buy several policies from them such as combining an auto and homeowners policy. Discounts can be 10 percent or more. Even though this discount sounds good, it’s in your best interest to shop around to confirm you are receiving the best rates possible. Drivers may still find better rates by buying insurance from more than one company.
  • Equipment add-ons that lower auto insurance rates – Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your auto insurance. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart car theft.
  • Cautious drivers pay less – Your driving citation history impacts your car insurance rates tremendously. Careful drivers have lower premiums than their less careful counterparts. Just one citation can boost insurance rates forty percent or more. Drivers who have dangerous citations such as reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent a license revocation.
  • Proper usage rating affects rates – The more miles you rack up on your Pontiac each year the more you’ll pay to insure your vehicle. Most companies apply a rate determined by how the vehicle is used. Autos that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Verify your auto insurance policy is rated on how each vehicle is driven. Incorrect usage on your Grand Prix may be wasting your money.
  • You might want pay the small claims yourself – If you tend to file frequent claims, you can expect either policy cancellation or increased premiums. Auto insurance companies award cheaper rates to drivers who file claims infrequently. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

Which insurance is the “right” coverage?

When it comes to choosing coverage for your vehicles, there isn’t really a single plan that fits everyone. Each situation is unique so your insurance should reflect that These are some specific questions might help in determining whether your personal situation might need professional guidance.

  • Are rental cars covered under my policy?
  • Am I covered if I drive in a foreign country?
  • When should I drop full coverage on my 2004 Pontiac Grand Prix?
  • What can I do if my company won’t pay a claim?
  • If I drive on a suspended license am I covered?
  • Is my cargo covered for damage or theft?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is my custom paint covered by insurance?
  • Are rock chip repairs covered?
  • Do I pay less for low miles?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Slick advertising tricks that work

Consumers can’t get away from ads for cheaper car insurance from the likes of 21st Century, Allstate and State Farm. They all say the same thing about savings if you switch your coverage to them.

How does each company make almost identical claims? It’s all in the numbers.

Different companies have a certain “appetite” for the type of driver they prefer to insure. An example of a driver they prefer might be between 30 and 50, owns a home, and has a short commute. A customer getting a price quote who fits that profile will qualify for the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who don’t meet the requirements will be quoted higher rates and ends up with the customer not buying. The ad wording is “customers that switch” not “everyone that quotes” save that kind of money. That is how companies can truthfully advertise the savings. This emphasizes why you absolutely need to compare as many rates as you can. It’s impossible to know the company that will give you the biggest savings on Pontiac Grand Prix insurance.

Coverages available on your insurance policy

Knowing the specifics of a insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages found on the average insurance policy.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for short-term medical expenses for X-ray expenses, ambulance fees, pain medications and rehabilitation expenses. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2004 Pontiac Grand Prix.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision protection

This coverage will pay to fix damage to your Grand Prix resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like damaging your car on a curb, colliding with a tree, sustaining damage from a pot hole, hitting a parking meter and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Liability auto insurance

Liability coverage will cover injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU against claims from other people. Liability 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. Your policy might show policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims such as repair costs for stationary objects, legal defense fees and medical expenses. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

Comprehensive coverages

This pays for 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 insurance covers claims such as a tree branch falling on your vehicle, hitting a bird and a broken windshield. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Spend less. Save more.

We’ve covered a lot of tips how to lower your 2004 Pontiac Grand Prix insurance rates. It’s most important to understand that the more you quote, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates come from some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate and Progressive.

Low-cost insurance can be purchased on the web as well as from independent agents, so you should compare both in order to have the best price selection to choose from. Some insurance companies don’t offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. In too many instances, an insured dropped collision coverage only to regret at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy a smart amount of coverage at the best price while not skimping on critical coverages.

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