2004 Pontiac GTO Insurance Cost – 6 Tricks for Best Prices

Shoppers have options when shopping for the best price on Pontiac GTO insurance. They can either spend hours driving around to compare prices or leverage the internet to get rate quotes.

There are more efficient ways to buy car insurance and we’ll show you the absolute fastest way to get price quotes for a Pontiac and get the lowest price from both online companies and local agents.

If you have a current insurance policy or are just looking to switch companies, you can use this information to find better prices and still get good coverage. The purpose of this post is to let you in on how car insurance quotes work and some tricks to saving. Consumers only need to know the best way to compare company rates on the web.

Cut prices on 2004 Pontiac GTO insurance

Insuring your fleet can be pricey, but discounts can save money and there are some available to reduce the price significantly. Larger premium reductions will be automatically applied when you get a quote, but less common discounts must be asked about before being credited. If you aren’t receiving every discount you deserve, you are throwing money away.

  • Multiple Policy Discount – When you have multiple policies with one insurance company you could get a discount of at least 10% off all policies.
  • No Accidents – Claim-free drivers can save substantially compared to frequent claim filers.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts could cut 10% or more off your medical payments premium.
  • Government Employees – Simply working for the federal government can save as much as 8% on GTO insurance with a few car insurance companies.
  • Homeowners Discount – Simply owning a home may trigger a car insurance policy discount because owning a home shows financial diligence.
  • New Car Discount – Insuring a new car can be considerably cheaper due to better safety requirements for new cars.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Some only reduce the price of certain insurance coverages like comp or med pay. Just because you may think you could get a free car insurance policy, you won’t be that lucky. But all discounts will bring down the cost of coverage.

For a list of providers who offer car insurance discounts, click here.

Tailor your coverage to you

When it comes to buying adequate coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique.

For example, these questions might help in determining if your insurance needs could use an agent’s help.

  • Is my ex-spouse still covered by my policy?
  • What if I total my 2004 Pontiac GTO and owe more than it’s worth?
  • Will my rates increase for filing one claim?
  • When would I need additional glass coverage?
  • How high should deductibles be on a 2004 Pontiac GTO?
  • At what point should I drop full coverage?
  • Am I covered if my car is in a flood?
  • Is motorclub coverage worth it?
  • What is UM/UIM insurance?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form. It is quick, free and may give you better protection.

Coverages available on your policy

Having a good grasp of your car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be impossible to understand and coverage can change by endorsement.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive protection

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a bird, damage from flooding, vandalism and damage from getting keyed. The highest amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Auto liability

Liability insurance will cover damage that occurs to people or other property in an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like emergency aid, medical expenses and pain and suffering. How much coverage you buy is your choice, but consider buying as much as you can afford.

Auto collision coverage

Collision insurance pays for damage to your GTO from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims such as sustaining damage from a pot hole, hitting a mailbox and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like hospital visits, dental work, X-ray expenses and ambulance fees. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Make an honest buck

Cost effective 2004 Pontiac GTO insurance can be bought both online in addition to many insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies do not provide online price quotes and many times these small, regional companies only sell through independent insurance agents.

We covered many ideas to reduce insurance prices online. The most important thing to understand is the more times you quote, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.

When trying to cut insurance costs, you should never sacrifice coverage to reduce premiums. Too many times, consumers will sacrifice liability limits or collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your focus should be to buy enough coverage for the lowest price while not skimping on critical coverages.

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