Baffled by the wide range of insurance companies in your area? Many other drivers are as well. There are such a large number of options that it can easily turn into a difficult situation to find the perfect company for you.
It’s a good habit to get comparison quotes yearly since insurance prices are constantly changing. Even if you think you had the best rate for Grand Prix insurance at your last renewal you will most likely find a better premium rate today. Forget anything you know (or think you know) about insurance because I’m going to teach you the right way to reduce your cost while increasing coverage.
When shopping for auto insurance there are multiple ways of comparing price quotes from companies that offer auto insurance in your state. The recommended way to find cheaper 2001 Pontiac Grand Prix rates is simply to get online rate quotes. This can be done in a couple of different ways.
To view a list of companies in your area, click here.
However you get your quotes, be certain you are entering nearly identical coverage data on every quote. If you use different coverage information it will be next to impossible to determine the lowest rate for your Pontiac Grand Prix. Just a small difference in limits could skew the results. It’s important to know that obtaining a wide range of quotes helps improve the odds of finding better pricing. Some insurance companies are not set up to provide online rate quotes, so it’s necessary to compare prices from them, too.
When it comes to buying adequate coverage, there really is not a best way to insure your cars. Everyone’s situation is unique.
For instance, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.
If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form.
Understanding the coverages of car insurance helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy.
Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as backing into a parked car, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for things like hitting a bird, rock chips in glass and falling objects. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Coverage for liability
This provides protection from damage or injury you incur to other people or property in an accident. It protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.
Liability coverage pays for things such as repair costs for stationary objects, attorney fees, medical services and emergency aid. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for surgery, rehabilitation expenses and prosthetic devices. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
Uninsured/Underinsured Motorist (UM/UIM)
This coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your 2001 Pontiac Grand Prix.
Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.