How Much Does 2004 Pontiac GTO Insurance Cost?

Trying to find cheaper insurance coverage rates for your Pontiac GTO? There isn’t a single person who looks forward to paying premiums for insurance coverage, in particular when they could find better rates elsewhere.

Many auto insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates to find the lowest cost out there.

Consumers should take time to price shop coverage on a regular basis due to the fact that insurance prices are usually higher with each renewal. Just because you found the best deal on GTO coverage at your last renewal you can probably find a better rate quote now. You can find a lot of misleading information regarding insurance coverage on the internet, but in this article, you’re going to get the easiest ways to put money back in your pocket.

If you currently have car insurance, you will be able to reduce your rates substantially using these tips. Finding the best rates is easy if you know what you’re doing. Nevertheless, consumers do need to learn how big insurance companies compete online and apply this information to your search.

Insurance premiums are influenced by these factors

Many factors are used when pricing auto insurance. Some are pretty understandable such as traffic violations, although others are less obvious like your continuous coverage or your vehicle rating.When buying insurance it’s important to understand a few of the rating criteria that are used to determine the level of your policy premiums. If you understand what impacts premium levels, this allows you to make educated decisions that can earn you big savings.

  • Reserve claims for larger damages – If you file claims often, don’t be surprised to see higher premiums or even policy non-renewal. Insurance companies give lower rates to people who do not rely on their insurance for small claims. Your car insurance is intended to be relied upon for claims that pose a financial burden.
  • Gender and car insurance costs – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. However, don’t assume that women are BETTER drivers than men. Males and females tend to get into auto accidents in similar numbers, but guys get into accidents with more damage. Men also tend to get higher numbers of serious violations such as reckless driving.
  • Age of drivers impacts costs – Young drivers are statistically shown to be easily distracted with other occupants in the car therefore insurance rates are much higher. Parents adding a first-time driver onto your insurance can break the bank. Mature drivers tend to be more responsible, tend to cause fewer accidents .
  • Tickets and citations cost more than a fine – Drivers with clean records get better prices compared to bad drivers. Having just one speeding ticket or other violation may increase your cost by as much as twenty percent. Drivers who have gotten license-revoking tickets like DUI, reckless driving or excessive speeding might be required by their state to maintain a SR-22 with their state DMV in order to prevent their license from being revoked.
  • Low comp and collision deductibles mean high rates – Physical damage coverage, also called comprehensive and collision insurance, insures against damage to your Pontiac. Examples of covered claims are running into the backend of another car, flood damage, and damage from a fallen tree branch. Your deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more expense the insured is willing to pay, the less your company will charge you for insurance on GTO coverage.
  • Companies want multiple policies – Most insurance companies provide better rates to customers who have multiple policies with them in the form of a multi-policy discount. Discounts can add up to ten percent or more. If you currently are using one company, consumers should still compare other company rates to confirm you are receiving the best rates possible. You may still save money by buying insurance from more than one company.
  • Maintain insurance coverage – Having a lapse in insurance coverage will be a quick way to drive up your policy premiums. In addition to paying higher premiums, the inability to provide proof of insurance may earn you fines and jail time. You may then have to file a SR-22 with your state DMV.

Discounts for lower-cost car insurance rates

Companies offering auto insurance don’t always list every available discount in a way that’s easy to find, so here is a list a few of the more well known and also the more inconspicuous credits available to you.

  • Telematics Data Discounts – Drivers who agree to allow their car insurance company to track when and where they use their vehicle by using a small device installed in their vehicle such as Drivewise from Allstate or Snapshot from Progressive might see lower rates if they show good driving skills.
  • Defensive Driver – Passing a driver safety course could possibly earn you a 5% discount and easily pay for the cost of the class.
  • Claim Free – Drivers who stay claim-free pay much less when compared with insureds who have frequent claims or accidents.
  • Student Driver Training – Have your child participate in a local driver’s education class in school.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better rates if you take out life insurance.
  • Good Student – Maintaining excellent grades may save as much as 25% on a insurance quote. Many companies even apply the discount to college students up to age 25.
  • Homeowners Savings – Just being a homeowner can help you save on car insurance due to the fact that maintaining a home requires personal responsibility.

As a sidenote, most credits do not apply the the whole policy. Most cut the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like all those discounts means the company will pay you, companies wouldn’t make money that way. Any qualifying discounts will reduce your policy cost.

Large car insurance companies and some of the premium reductions they offer can be read below.

  • State Farm offers discounts for multiple autos, accident-free, Steer Clear safe driver discount, Drive Safe & Save, driver’s education, safe vehicle, and defensive driving training.
  • Geico has savings for seat belt use, membership and employees, multi-policy, defensive driver, air bags, and five-year accident-free.
  • Liberty Mutual has discounts for newly retired, safety features, new vehicle discount, preferred payment discount, exclusive group savings, teen driver discount, and good student.
  • The Hartford may have discounts that include air bag, good student, driver training, bundle, and anti-theft.
  • MetLife discounts include defensive driver, accident-free, good driver, good student, and multi-policy.
  • Progressive may offer discounts for multi-vehicle, continuous coverage, good student, online signing, and online quote discount.

When quoting, ask each company which discounts you may be entitled to. Depending on the company, some discounts might not be available to policyholders in every state. To find companies who offer online car insurance quotes, follow this link.

You may need specialized insurance coverage

When buying the right insurance coverage, there is no cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions might help in determining whether you would benefit from an agent’s advice.

  • Is my cargo covered for damage or theft?
  • What is PIP insurance?
  • Where can I get insurance after a DUI in my state?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Will I lose any money if I cancel my policy before it expires?
  • Is my dog or cat covered if injured in an accident?
  • Does having multiple vehicles earn me a discount?
  • When should I remove comp and collision on my 2004 Pontiac GTO?
  • What is covered by UM/UIM coverage?
  • Am I covered when pulling a rental trailer?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

Insurance policy specifics

Understanding the coverages of your policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. These are the normal coverages found on the average insurance policy.

Medical expense coverage

Coverage for medical payments and/or PIP pay for immediate expenses for hospital visits, chiropractic care, rehabilitation expenses, EMT expenses and surgery. They can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Collision insurance

Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like hitting a mailbox, crashing into a ditch, rolling your car and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Liability car insurance

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

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims such as attorney fees, repair costs for stationary objects, pain and suffering and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive protection

This 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 can pay for things like damage from flooding, rock chips in glass, hail damage and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Pontiac GTO.

Due to the fact that 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 a good idea.

Have the Midas touch

In this article, we covered a lot of tips how to shop for 2004 Pontiac GTO insurance online. It’s most important to understand that the more companies you get rates for, the better chance you’ll have of finding cheap insurance. Consumers may even find the biggest savings come from an unexpected company. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.

As you go through the steps to switch your coverage, do not buy poor coverage just to save money. There have been many cases where drivers have reduced full coverage only to regret that the small savings ended up costing them much more. Your focus should be to purchase a proper amount of coverage for the lowest cost but still have enough coverage for asset protection.

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