Cheaper 2008 Pontiac Vibe Insurance Rates

Have you fallen victim to an underperforming, overpriced auto insurance policy? Believe me when I say you are not the only one feeling buyer’s remorse.

Many car insurance companies compete for your insurance dollar, and because of this it can be hard to compare car insurance companies to discover the definitive lowest rate possible.

You need to take a look at other company’s rates on a regular basis due to the fact that insurance rates are usually higher with each renewal. Despite the fact that you may have had the best rates for Vibe insurance a couple years back you may be paying too much now. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate one of the best ways to reduce your cost while improving coverage.

Elements that influence Pontiac Vibe insurance rates

Smart consumers have a good feel for some of the elements that play a part in calculating your insurance rates. Understanding what impacts premium levels enables informed choices that may reward you with big savings.

  • Policy add-ons can waste money – There are a lot of extra bells and whistles that can waste your money on your Vibe policy. Coverages like roadside assistance, 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 get rid of them and save.
  • Liability coverage protects you – Your policy’s liability coverage is the protection when a court rules you are at fault for causing damage or personal injury in an accident. It provides legal defense coverage which can be incredibly expensive. Liability insurance is quite affordable as compared to coverage for physical damage, so do not cut corners here.
  • Theft deterrents lower rates – Owning a car that has an advanced theft prevention system can help lower your rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.
  • Your spouse saves you money – Getting married actually saves money on insurance. Having a spouse usually means you are more mature it has been statistically shown that being married results in fewer claims.
  • Proper usage rating affects rates – The more you drive every year the higher your rate. The majority of insurers price each vehicle’s coverage based on their usage. Cars used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Double check that your insurance policy shows the correct driver usage, because improper ratings can cost you money. If your policy improperly rates your Vibe can cost quite a bit.
  • How’s your driving record? – Only having one citation can increase rates twenty percent or more. Good drivers get better rates than their less careful counterparts. Drivers with dangerous tickets like DWI, reckless driving or hit and run convictions are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to prevent a license revocation.

Discounts are basically free money

Properly insuring your vehicles can get expensive, buy you may qualify for discounts to help offset the cost. Certain discounts will be applied when you purchase, but a few need to be asked about in order for you to get them.

  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of 20% or more.
  • Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more for Vibe insurance than less cautious drivers.
  • Lower Rates for Military – Being on active duty in the military could mean lower rates.
  • Life Insurance Discount – Companies who offer life insurance give lower rates if you buy life insurance.
  • Student in College – Any of your kids who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Paperwork-free – A few companies will discount your bill up to fifty bucks for buying your policy online.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.
  • Bundle and Save – When you combine your home and auto insurance with one company you may save 10% to 20% off each policy.
  • Drive Less and Save – Low mileage vehicles could qualify for lower rates on the low mileage vehicles.
  • Accident Waiver – A handful of insurance companies allow you one accident before your rates go up if you are claim-free for a particular time prior to the accident.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, it just doesn’t work that way. Any amount of discount will reduce the cost of coverage.

Companies that possibly offer these discounts include:

Double check with each company how you can save money. Discounts may not apply in your state.

Which insurance is the “right” coverage?

When it comes to choosing adequate coverage, there really is no one size fits all plan. Every insured’s situation is different so this has to be addressed. For instance, these questions may help you determine if you would benefit from professional advice.

  • When can I cancel my policy?
  • Is extra glass coverage worth it?
  • How much liability insurance is required?
  • Do I need replacement cost coverage on my 2008 Pontiac Vibe?
  • Do I have newly-aquired coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • Is a fancy paint job covered?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Insurance coverage specifics

Knowing the specifics of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are typical coverages offered by insurance companies.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as rock chips in glass, fire damage, damage from getting keyed and falling objects. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability car insurance

This provides protection from damage or injury you incur to people or other property. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like attorney fees, legal defense fees, loss of income and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

Collision coverage protection

Collision coverage covers damage to your Vibe from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a building, colliding with another moving vehicle, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for short-term medical expenses such as doctor visits, EMT expenses and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

More choices the merrier

Cheaper 2008 Pontiac Vibe insurance can be bought both online and also from your neighborhood agents, and you should be comparing both in order to have the best price selection to choose from. There are still a few companies who may not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

While you’re price shopping online, make sure you don’t buy poor coverage just to save money. There are a lot of situations where someone sacrificed comprehensive coverage or liability limits only to find out they didn’t have enough coverage. Your strategy should be to purchase a proper amount of coverage at a price you can afford.

Much more information about auto insurance can be found at the links below