Trying to find lower insurance coverage rates for your Pontiac Grand Prix? Did you fall for a flashy sales pitch and buy high-priced insurance coverage? Trust us, you are not the only one feeling buyer’s remorse.
Insurance companies such as Progressive, GEICO and Farmers Insurance increase brand awareness with catchy ads and consumers find it hard to ignore the propoganda and effectively compare rates to find the best deal.
Companies don’t always publicize every policy discount very clearly, so the list below gives a summary of both well-publicized in addition to some of the lesser obvious credits that you can use to lower your rates.
You should keep in mind that most credits do not apply to your bottom line cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, nobody gets a free ride.
Larger insurance coverage companies and their possible discounts are outlined below.
If you want cheap insurance quotes, ask each company which discounts you qualify for. Some discounts might not apply in every state. If you would like to see a list of providers with the best insurance coverage discounts, click this link.
The most recommended method to compare insurance rates in your area is to understand most of the larger companies will pay a fee to give free rates quotes. To get started, all you need to do is provide a small amount of information including how much coverage you want, whether your vehicle is owned or leased, if you require a SR-22, and your occupation. That rating data is instantly sent to all major companies and you will get price comparisons with very little delay.
Lots of factors are part of the calculation when premium rates are determined. Some are obvious such as your driving record, although some other factors are not as apparent like your continuous coverage or your vehicle rating.It’s important that you understand some of the factors that help determine the price you pay for car insurance. When you know what positively or negatively determines base rates, this helps enable you to make changes that can help you get much lower annual insurance costs.
The following are a few of the “ingredients” that factor into your prices.
When choosing the right insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that can aid in determining if you might need an agent’s assistance.
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area.
Well-known car insurance companies like State Farm and Allstate endlessly run television, radio, and online ads. They all seem to convey the message that drivers can save some big amount just by moving your policy. It sounds good, but how can they all make almost identical claims? This is the trick they use.
Insurance companies can use profiling for the type of customer that will not have excessive claims. A good example of a desirable insured should be between the ages of 30 and 45, has a low-risk occupation, and has a short commute. A propective insured that hits that “sweet spot” receives the best rates and have a good chance to save money with a new company.
Insureds who do not meet this stringent profile may be required to pay higher prices and this results in business going elsewhere. The ads say “customers who switch” not “everyone that quotes” save that kind of money. That is how companies can truthfully make claims like that.
Each company has different criteria, so you really need to compare many company’s premium rates. It’s impossible to know the company that will give you lower auto insurance rates than your current company.
Understanding the coverages of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Shown next are the normal coverages found on the average insurance policy.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance provide coverage for bills for things like chiropractic care, doctor visits and EMT expenses. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible
Uninsured and underinsured coverage
This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Pontiac Grand Prix.
Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Usually these limits are set the same as your liablity limits.
Liability car insurance
Liability coverage can cover damages or injuries you inflict on a person or their property that is your fault. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage protects against things like legal defense fees, funeral expenses, repair costs for stationary objects, emergency aid and medical services. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.
This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like damage from getting keyed, fire damage, falling objects and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
This coverage covers damage to your Grand Prix caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as hitting a mailbox, crashing into a building and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Throughout this article, we presented some good ideas how to lower your 2008 Pontiac Grand Prix insurance car insurance rates. The key thing to remember is the more providers you compare, the better chance you’ll have of finding affordable insurance. You may even discover the lowest car insurance rates come from the smaller companies. Smaller companies often have lower premium rates on specific markets than their larger competitors like Progressive and GEICO.
When trying to cut insurance costs, it’s a bad idea to reduce needed coverages to save money. Too many times, consumers will sacrifice full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your aim should be to find the BEST coverage at the best cost while still protecting your assets.
Some insurance companies may not provide rates over the internet and many times these smaller companies only sell through independent insurance agencies. Discount 2008 Pontiac Grand Prix insurance is definitely available both online as well as from insurance agents, so you should be comparing quotes from both to get a complete price analysis.
Much more information about insurance is available at the links below