Lower Your 2005 Pontiac Vibe Car Insurance Cost

Trying to find better insurance rates for your Pontiac Vibe? Paying for pricey Pontiac Vibe insurance can sap your personal savings and possibly require you to analyze your spending habits. Numerous insurers battle for your hard-earned dollar, and it can be difficult to compare rates and get the best coverage at the best rate

Smart consumers take time to do price comparisons once or twice a year because prices change quite often. Even if you think you had the best rates on Vibe coverage last year you may be paying too much now. Forget all the misinformation about insurance because you’re about to find out the best way to properly buy coverages while reducing your premium.

If you have a current auto insurance policy or are looking for a new policy, you can use these tips to find better prices and still get good coverage. Choosing the best insurance company for you is quite easy. Vehicle owners just need to understand the proper way to shop for auto insurance on the web.

Insurance cost influencing factors

Many different elements are taken into consideration when premium rates are determined. Some factors are common sense such as your driving history, but others are more obscure like where you live or your vehicle rating.The best way to find cheaper insurance is to take a look at the different types of things that come into play when calculating your insurance rates. If you know what determines base rates, this allows you to make good choices that can earn you lower premium levels.

  • With age comes responsibility – Mature drivers are shown to be more cautious, file fewer claims and are safer drivers.Teen drivers are proven to be less responsible when at the wheel of a vehicle so they pay higher insurance rates.
  • What are your comp and collision deductibles? – Comprehensive and collision coverage deductibles state the amount of money you are willing to pay in the event of a claim. Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of covered claims are rearending another vehicle, vandalism, and having a roll-over accident. The more money you choose to pay out-of-pocket, the lower your rates will be on Vibe coverage.
  • Poor credit decisions can cost you – Your credit score can be an important factor in calculating your insurance rates. So if your credit rating could use some work, you may save money insuring your 2005 Pontiac Vibe by repairing your credit. Drivers with high credit ratings tend to be more responsible and file fewer claims than drivers with bad credit.
  • Car and home together may be cheaper – Most insurance companies afford lower prices to policyholders that have more than one policy in the form of a multi-policy discount. Even if you already get this discount, it’s always a smart idea to check prices from other companies to verify if the discount is saving money.
  • Cut prices and deter theft – Owning a car with advanced anti-theft systems can save you a little every year. Systems that thwart theives such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent your car from being stolen.
  • If you don’t need it don’t buy it – There are a ton of add-on coverages that may not really be needed on your insurance policy. Coverages like vanishing deductibles, accident forgiveness, and extra life insurance coverage could be just wasting money. You may think they are a good idea when you first buy your policy, but if you don’t need them remove them from your policy.
  • City traffic equals higher prices – Choosing to live in small towns and rural areas can be a good thing when buying insurance. People who live in big cities have more aggressive driving styles and longer commute times. Less people translates into fewer accident claims in addition to fewer liability claims.
  • Higher insurance rates for insurance lapses – Having a lapse in insurance coverage is a quick way to increase your insurance rates. Not only will rates go up, not being able to provide proof of insurance will get you a steep fine or even jail time. You could then be forced to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.

How to get insurance coverage quotes

There are several ways to compare insurance coverage quotes, and some are easier and takes less work. You could waste a few hours driving to insurance companies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

The majority of car insurance companies are enrolled in a marketplace where insurance shoppers complete one form, and at least one company then returns a price quote determined by their information. This system prevents you from having to do repetitive form submissions for each company. To enter your information into the quoting system, click here to start a free quote.

The only drawback to using this type of system is buyers cannot specifically choose the companies you will receive quotes from. So if you want to select specific providers to receive pricing from, we have assembled a list of low cost insurance coverage companies in your area. Click here to view list.

You can use whichever method you prefer to find lower rates, just double check that you are using identical deductibles and coverage limits with every price quote. If the quotes have different deductibles it’s impossible to decipher which rate is best.

Insurance coverage in the media

Drivers can’t avoid all the ads for cheaper insurance coverage from companies such as Allstate, GEICO and Progressive. They all seem to make the same claim of big savings if you move your policy.

How is it plausible that every one can make the same claim? Here is the trick they use.

All the different companies can use profiling for the driver that will add to their bottom line. One example of a preferred risk might be described as over the age of 45, owns a home, and drives less than 10,000 miles a year. Anyone who matches those parameters will get low rates and therefore will cut their rates if they switch.

Consumers who may not quite match these standards will probably be forced to pay higher premiums and this results in business going elsewhere. Company advertisements say “customers that switch” not “all people who quote” can get the lowest rates when switching. That’s why insurance companies can make it sound like they have such great car insurance rates. Because of these techniques, you absolutely need to get as many free auto insurance quotes as possible. It’s not possible to predict which insurance coverage company will have the best rates at this point in time.

Get cheap insurance coverage rates with discounts

Insurance coverage can be pricey, but discounts can save money and there are some available to help bring down the price. Many of these discounts will be applied automatically at the time of quoting, but a few need to be asked about before they will apply.

  • Driver’s Education for Students – Cut your cost by having your teen driver participate in a local driver’s education class as it will make them better drivers and lower rates.
  • Save with a New Car – Putting insurance coverage on a new car can get you a discount since newer vehicles have better safety ratings.
  • Seat Belts Save – Drivers who always wear seat belts and also require passengers to fasten their seat belts could save 15% off PIP or medical payments premium.
  • Save over 55 – Mature drivers can possibly qualify for a small discount on rates on Vibe coverage.
  • Smart Student Discounts – Excelling in school may save as much as 25% on a auto insurance quote. The good student discount can last well after school through age 25.
  • Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of 25 to 30%.
  • Multi-Vehicle Discounts – Buying coverage for more than one vehicle on a single policy qualifies for this discount.
  • Waiver for an Accident – Not a discount per se, but some companies like GEICO, Allstate and Liberty Mutual will let one accident slide without getting socked with a rate hike so long as you haven’t had any claims for a particular time prior to the accident.

While discounts sound great, it’s important to understand that many deductions do not apply to your bottom line cost. A few only apply to individual premiums such as liability and collision coverage. So when it seems like all those discounts means the company will pay you, you won’t be that lucky.

A list of companies and a summarized list of policyholder discounts are shown below.

  • Travelers includes discounts for new car, driver training, early quote, multi-policy, hybrid/electric vehicle, good student, and home ownership.
  • 21st Century discounts include driver training, good student, theft prevention, 55 and older, teen driver, anti-lock brakes, and air bags.
  • State Farm may include discounts for anti-theft, Drive Safe & Save, Steer Clear safe driver discount, multiple policy, and driver’s education.
  • GEICO offers discounts including military active duty, seat belt use, daytime running lights, multi-vehicle, driver training, emergency military deployment, and multi-policy.
  • SAFECO has savings for accident prevention training, teen safe driver, teen safety rewards, drive less, and anti-theft.
  • AAA may have discounts that include anti-theft, education and occupation, good driver, multi-car, and good student.

Check with every company which discounts you qualify for. All car insurance discounts might not be offered in your area.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage, there isn’t really a “best” method to buy coverage. Every situation is different so your insurance should reflect that Here are some questions about coverages that can help discover whether you would benefit from professional advice.

  • Does my insurance cover my expensive audio equipment?
  • Who is covered by my policy?
  • Should I put collision coverage on all my vehicles?
  • What if I don’t agree with a claim settlement offer?
  • What discounts do I qualify for?
  • What is UM/UIM insurance?
  • Which is better, split liability limits or combined limits?
  • Is a fancy paint job covered?

If you’re not sure about those questions but a few of them apply then you might want to talk 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. It is quick, free and can help protect your family.

Insurance coverage options for a 2005 Pontiac Vibe

Learning about specific coverages of your insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by insurance companies.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for bills for things like hospital visits, surgery, EMT expenses and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Liability

This will cover damage or injury you incur to people or other property. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things like bail bonds, medical services, loss of income, funeral expenses and structural damage. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Coverage for collisions

This covers damage to your Vibe caused by 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 coverage pays for things like driving through your garage door, hitting a parking meter, colliding with another moving vehicle, crashing into a ditch and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Comprehensive insurance

This will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as vandalism, hitting a deer, damage from getting keyed, hitting a bird and hail damage. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Pontiac Vibe.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Online plus local equals savings

As you restructure your insurance plan, you should never skimp on critical coverages to save a buck or two. In too many instances, an insured cut liability coverage limits only to regret at claim time that it was a big error on their part. Your aim should be to get the best coverage possible at a price you can afford, but do not skimp to save money.

In this article, we presented a lot of tips how to shop for 2005 Pontiac Vibe insurance online. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding cheaper auto insurance. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising. These companies may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.

Much more information about insurance coverage can be read on the following sites: