8 Guaranteed Tips to Cut Pontiac GTO Insurance Costs

Shoppers have a choice when shopping for the lowest priced Pontiac GTO insurance. They can either waste time contacting agents trying to get quotes or use the internet to find the lowest rates. There is a better way to compare car insurance rates and we’ll show you the quickest way to get price quotes for your Pontiac and find the best price possible from local insurance agents and online providers.

It’s a great practice to do rate comparisons quite often because insurance rates are rarely the same from one policy term to another. Just because you had the best rates for GTO insurance two years ago the chances are good that you can find a lower rate today. So block out anything you think you know about car insurance because we’re going to show you how to use online quotes to save money, get proper coverage and the best rates.

Compare Quotes for Car Insurance

There are multiple methods you can shop for car insurance but there is one way that is easier and takes less work. You can spend countless hours driving to local insurance agents in your area, or you could save time and use online quotes to get pricing more quickly.

Most car insurance companies enroll in a system where prospective buyers enter their policy data once, and every company then gives them pricing for coverage. This eliminates the need for form submissions for every car insurance company.

To fill out one form to compare multiple rates now click here (opens in new window).

The one disadvantage to using this type of system is that you can’t choose which companies you want pricing from. So if you prefer to pick specific insurance companies to compare, we put together a list of the cheapest car insurance companies in your area. Click here to view list.

Which method you use is up to you, but make darn sure you compare apples-to-apples coverages and limits for every company. If you are comparing different limits and deductibles on each one it will be very difficult to decipher which rate is best. Having just a slight variation in coverage limits could mean much higher rates. It’s important to know that more quotes will increase your chances of finding better pricing.

Cut your premium with these eight discounts

Companies do not list all their discounts very clearly, so we researched both the well known and also the lesser-known discounts you could be receiving.

Payment Discounts – By paying your policy upfront rather than paying monthly you could save up to 5%.
Driver Safety – Taking a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
Fewer Miles Equal More Savings – Keeping the miles down on your Pontiac could qualify for discounted rates on garaged vehicles.
College Student – Youth drivers living away from home attending college and do not have a car can receive lower rates.
New Vehicle Savings – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
Accident Forgiveness – A few companies will forgive one accident before hitting you with a surcharge if your claims history is clear for a set time period.
Good Students Pay Less – Getting good grades can get you a discount of up to 25%. The good student discount can last until age 25.
Homeowners Savings – Owning a house can help you save on car insurance because owning a home is proof that your finances are in order.

Keep in mind that many deductions do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like liability and collision coverage. Just because you may think adding up those discounts means a free policy, companies wouldn’t make money that way.

For a list of companies with the best car insurance discounts, click this link.

What is the best insurance coverage?

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Every insured’s situation is different.

For example, these questions may help you determine if you might need professional guidance. insurance banner

Am I covered if I crash into my own garage door?
Will I lose any money if I cancel my policy before it expires?
Is my teen driver covered when they drive my company car?
Why am I required to buy high-risk coverage?
Are there companies who specialize in insuring high-risk drivers?
Do I need roadside assistance coverage?
Can my teen driver be rated on a liability-only vehicle?
Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Can you really save $444 a year?

Car insurance companies such as State Farm, Allstate and GEICO constantly bombard you with ads on TV and radio. They all seem to have a common claim about savings if you switch to them. How do they all make the same claim? This is how they do it.

All the different companies are able to cherry pick for the type of customer that is profitable for them. For instance, a profitable customer could be between 25 and 40, has no driving citations, and drives newer vehicles. A propective insured that hits that “sweet spot” gets the lowest rates and as a result will probably save a lot of money.

Drivers who don’t meet the requirements must pay higher rates which usually ends up with business going elsewhere. The ads state “customers that switch” but not “drivers who get quotes” save that much money. That’s the way insurance companies can confidently state the savings. This illustrates why it’s extremely important to compare many company’s rates. It’s just too difficult to predict which car insurance company will give you the biggest savings.

Coverages available on your policy

Having a good grasp of your car insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from flooding, hitting a bird, a broken windshield, a tree branch falling on your vehicle and damage from getting keyed. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Pontiac GTO.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision coverage – Collision coverage will pay to fix damage to your GTO resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as crashing into a ditch, sustaining damage from a pot hole, hitting a mailbox, driving through your garage door and colliding with a tree. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for immediate expenses for chiropractic care, pain medications, surgery and EMT expenses. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Liability car insurance – This will cover damage or injury you incur to a person or their property in an accident. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability 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 a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims like loss of income, medical services, legal defense fees and emergency aid. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Online plus local equals savings

When you buy insurance online, it’s a bad idea to reduce coverage to reduce premium. There have been many cases where drivers have reduced full coverage and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to get the best coverage possible at an affordable rate while still protecting your assets.

We just covered a lot of ways to compare Pontiac GTO insurance prices online. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the best prices are with an unexpected company.

Cheaper Pontiac GTO insurance is possible both online and also from your neighborhood agents, and you need to price shop both to have the best rate selection. Some insurance providers may not provide the ability to get a quote online and most of the time these small insurance companies sell through independent agents.