Searching for better car insurance rates for your Pontiac Grand Am? Having to pay for high-priced car insurance can deplete your family’s budget and possibly require postponing other expenditures. Comparing rates annually is free and is an excellent way to reduce premiums and put more money in your pocket.
Due to the abundance of companies and agents to choose from, it’s difficult to find the lowest cost car insurance provider.
You should take the time to compare premium rates before your policy renews since insurance prices change quite often. Even if you got the lowest price on Grand Am insurance last year you may be paying too much now. Forget all the misinformation about car insurance because I’m going to let you in on the secrets to the best methods to save money, get proper deductibles and limits, all at the lowest rate.
There are several ways you can shop for auto insurance but some are easier and takes less work. You can spend countless hours talking about coverages with agents in your area, or you could save time and use the internet for quick rates.
Many insurance companies belong to a marketplace that enables customers to send in one quote, and at least one company returns a rated price for coverage. This saves time by eliminating quotation requests for each company you want a rate for.
To compare rates using this form now click here to open in new window.
One minor caviat to comparing rates this way is buyers cannot specifically choose the companies you will receive quotes from. So if you want to choose individual companies for rate comparison, we have assembled a list of auto insurance companies in your area. Click to view list.
Whichever way you choose to compare rates, make darn sure you compare equivalent deductibles and coverage limits on every quote. If the quotes have differing limits it will be next to impossible to get a fair rate comparison. Just slight variations in coverage limits can result in a big premium difference. Keep in mind that more quotes provides better odds of finding more affordable rates. Not every company provides online quotes, so it’s important to compare price estimates from those companies as well.
Lots of things are part of the calculation when quoting car insurance. Some are obvious like your driving record, but others are more obscure like where you live or how financially stable you are.
Companies that sell car insurance don’t always publicize every available discount very clearly, so we took the time to find a few of the more well known as well as the least known ways to save on auto insurance.
One thing to note about discounts is that most discount credits are not given to the entire cost. Most only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like you could get a free auto insurance policy, insurance companies wouldn’t stay in business.
Large auto insurance companies and their offered discounts include:
Check with all companies you are considering how you can save money. Depending on the company, some discounts may not apply in your area.
When choosing proper insurance coverage, there really is no one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions may help you determine if you might need an agent’s assistance.
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier
Understanding the coverages of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average car insurance policy.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for immediate expenses like rehabilitation expenses, ambulance fees and dental work. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
Coverage for liability – Liability insurance provides protection from damage or injury you incur to other’s property or people in an accident. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage protects against things such as repair bills for other people’s vehicles, medical services, court costs and emergency aid. How much coverage you buy is up to you, but you should buy as large an amount as possible.
Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Pontiac Grand Am.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time these limits are identical to your policy’s liability coverage.
Collision – This coverage pays for damage to your Grand Am resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things such as hitting a mailbox, colliding with another moving vehicle, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also increase the deductible to bring the cost down.
Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like hail damage, a broken windshield and hitting a bird. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Cheaper insurance can be bought online and with local insurance agents, so get free car insurance quotes from both of them in order to have the best price selection to choose from. Some companies may not have online rate quotes and these regional carriers only sell coverage through independent insurance agencies.
When you buy car insurance online, it’s not a good idea to reduce coverage to reduce premium. In many instances, an insured dropped collision coverage and discovered at claim time that the small savings ended up costing them much more. Your goal is to buy the best coverage you can find at a price you can afford, but don’t skip important coverages to save money.
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