Cheap 1998 Pontiac Grand Am Insurance Rates

Scraping up a payment for overpriced Pontiac Grand Am insurance can take a big chunk out of your personal savings and put the squeeze on your family’s finances. Comparing price quotes is a great way to cut your insurance bill. Big companies like Progressive, State Farm and GEICO constantly bombard you with advertising and consumers find it hard to separate fact from fiction and find the best price available.

Best discounts on Pontiac Grand Am coverage

Insurance can cost an arm and a leg, buy you may qualify for discounts to help bring down the price. Most are applied at the time of purchase, but a few need to be inquired about before you will receive the discount. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Employee of Federal Government – Active or retired federal employment can save as much as 8% on Grand Am insurance with certain companies.
  • Homeowners Pay Less – Being a homeowner can help you save on insurance because owning a home is proof that your finances are in order.
  • Low Mileage Discounts – Low mileage vehicles could qualify for lower rates on the low mileage vehicles.
  • Paperless Signup – A few companies will discount your bill up to fifty bucks simply for signing digitally online.
  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts can save up to 15% off your medical payments premium.

It’s important to understand that some of the credits will not apply to your bottom line cost. Most only cut the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears you can get free auto insurance, it just doesn’t work that way. But all discounts will help reduce your overall premium however.

Insurance companies who might offer these discounts are:

Before buying, ask every prospective company which discounts you may be entitled to. All car insurance discounts may not be available everywhere.

Pontiac Grand Am insurance rates can be determined by these details

It’s important that you understand the factors that help determine the rates you pay for insurance. When you know what positively or negatively influences your rates enables informed choices that may reward you with lower insurance prices.

  • Keep rates low by being claim-free – Car insurance companies provide better rates to people who file claims infrequently. If you frequently file small claims, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is designed for the large, substantial claims.
  • Liability insurance protects assets – The liability section of your policy will protect you when a jury decides you are liable for damages caused by your negligence. It provides legal defense coverage which can be incredibly expensive. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should carry high limits.
  • A lapse in coverage is a bad thing – Driving your car without having proper coverage is illegal and as a result your rates will increase for letting your coverage lapse. Not only will rates go up, getting caught without coverage will get you a license revocation or jail time.
  • Bundling policies can get discounts – Some companies provide better rates to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Discounts can add up to anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to compare other company rates to ensure the best deal.

Tailor your coverage to you

When it comes to buying the best insurance coverage, there really is not a cookie cutter policy. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that might point out if your situation might need professional guidance.

  • How much can I save by bundling my policies?
  • When can my company non-renew my policy?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do I need added coverage for expensive stereo equipment?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Who is covered by my policy?
  • Am I covered when delivering products for my home-based business?
  • When would I need rental car insurance?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Don’t be fooled by advertising claims

Consumers can’t get away from ads for car insurance savings by GEICO, State Farm and Progressive. They all seem to have a common claim about savings if you change to their company.

How can each company make almost identical claims? This is how they do it.

Different companies can use profiling for the driver that makes them money. An example of a preferred risk might be profiled as between 30 and 50, has no driving citations, and drives newer vehicles. Any new insured who fits that profile will get very good rates and as a result will probably pay quite a bit less when switching companies.

Drivers who don’t measure up to this ideal profile will have to pay higher premiums and this can result in the customer not buying. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that much. That’s the way insurance companies can state the savings.

Because of the profiling, it’s extremely important to compare many company’s rates. It is impossible to predict which insurance companies will provide you with the cheapest Pontiac Grand Am insurance rates.

Specifics of your insurance policy

Understanding the coverages of insurance helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. These are the normal coverages found on most insurance policies.

Auto liability – This coverage can cover damages or injuries you inflict on people or other property. This insurance protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as medical expenses, loss of income, repair bills for other people’s vehicles, legal defense fees and emergency aid. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Medical costs insurance – Med pay and PIP coverage reimburse you for expenses like ambulance fees, EMT expenses and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as damage from flooding, falling objects and hitting a bird. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – This coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Pontiac Grand Am.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Normally these limits do not exceed the liability coverage limits.

Collision coverages – This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like colliding with a tree, driving through your garage door, rolling your car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

In conclusion

Cheaper 1998 Pontiac Grand Am insurance can be bought on the web as well as from independent agents, so you should compare both to have the best rate selection. Some insurance coverage companies don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

When trying to cut insurance costs, it’s very important that you do not sacrifice coverage to reduce premiums. Too many times, consumers will sacrifice liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your goal should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

Additional insurance coverage information can be read on the following sites: