Cheaper 2001 Pontiac Grand Am Insurance Cost

Feel like you’re a prisoner to an underperforming, overpriced car insurance policy? Don’t sweat it because many drivers feel the same as you.

Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate constantly blast consumers with catchy ads and it is challenging if not impossible to see past the geckos and flying pigs and do the work needed to find the best deal.

It’s smart to compare prices at least once a year because car insurance rates change quite often. Even if you think you had the best deal on Grand Am insurance at your last renewal there is a good chance you can find better prices now. Forget anything you know (or think you know) about car insurance because you’re about to learn the best way to eliminate unnecessary coverages and save money.

If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using this information. Buying car insurance is easy if you know what you’re doing. But vehicle owners do need to know the way insurance companies price online insurance.

Compare car insurance rates

Performing a rate comparison is a ton of work if you don’t utilize the most efficient way to do it. You can spend your afternoon talking to insurance companies in your area, or you can utilize online quoting for quick rates.

Most of the larger companies belong to an insurance system that enables customers to complete one form, and at least one company then returns a price quote based on that information. This saves time by eliminating quote forms for each company.

To participate in this free quote system, click here to open in new window.

The only drawback to comparing rates this way is that consumers can’t choose which insurance companies you want to price. If you wish to select specific providers to compare prices, we have a listing of low cost car insurance companies in your area. View list of insurance companies.

Whichever way you choose to compare rates, do your best to enter nearly identical coverage limits for each price quote. If you have different coverage information it will be impossible to truly determine the lowest rate. Just a small difference in coverage limits could mean much higher rates. It’s important to know that comparing more company’s prices helps you find better pricing. Not every company does rate quotes online, so you also need to get prices on coverage from those companies, too.

Big brands don’t always mean big savings

Big name companies like State Farm, GEICO and Progressive consistently run ads on television and other media. They all state the claim that you’ll save big just by switching your policy. How does every company give you a lower rate?

Insurance companies require specific criteria for the type of insured that will generate a profit. For example, this type of insured may need to be between the ages of 30 and 45, has no driving citations, and drives a car with an anti-theft system. Anybody that meets those criteria receive the lowest rate quotes and will also pay quite a bit less when switching companies.

Insureds who don’t measure up to these stringent criteria will be quoted a more expensive rate with the end result being the customer not buying. The ads state “people who switch” not “everyone that quotes” save that much. That is how insurance companies can confidently advertise the way they do. Because of the profiling, drivers should get car insurance quotes from several different companies. It is impossible to guess which company will have the lowest car insurance rates for your situation.

Discounts for affordable insurance coverage rates

Insurance can cost an arm and a leg, but companies offer discounts that you may not know about. Certain discounts will be triggered automatically at the time of quoting, but some need to be inquired about before you will receive the discount.

  • Driving Data Discount – Drivers who elect to allow data collection to analyze driving habits by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease as long as the data is positive.
  • Clubs and Organizations – Having an affiliation with a qualifying organization may earn a discount on your next renewal.
  • Multi-policy Discount – When you combine your homeowners and auto insurance with one company you may earn nearly 15% which can help you find cheaper car insurance.
  • Defensive Driver Discount – Passing a course in defensive driver could save 5% or more and also improve your driving technique.
  • No Claims – Good drivers with no accidents have much lower rates when compared to drivers with a long claim history.
  • Passenger Safety Discount – Vehicles equipped with air bags may earn rate discounts of up to 25% or more.

A quick disclaimer, most of the big mark downs will not be given to the entire cost. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So when it seems like all the discounts add up to a free policy, you’re out of luck.

If you would like to view insurers who offer free insurance coverage quotes, follow this link.

You may need specialized insurance coverage coverage

When choosing adequate coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. For example, these questions can help discover whether or not you may require specific advice.

  • Does my 2001 Pontiac Grand Am qualify for pleasure use?
  • Should I drop comprehensive coverage on older vehicles?
  • Is a new car covered when I drive it off the dealer lot?
  • When would I need additional glass coverage?
  • Can I rent a car in Mexico?
  • How much liability do I need to cover my assets?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Coverage specifics

Knowing the specifics of a car insurance policy aids in choosing the right coverages and the correct deductibles and limits. Car insurance terms can be confusing and even agents have difficulty translating policy wording. These are typical coverages offered by car insurance companies.

Auto liability insurance

Liability coverage will cover damage or injury you incur to other people or property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as attorney fees, repair costs for stationary objects, loss of income, structural damage and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Comprehensive insurance

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as hitting a deer, rock chips in glass, hail damage and a broken windshield. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision insurance

This coverage pays for damage to your Grand Am resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like damaging your car on a curb, crashing into a ditch and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 2001 Pontiac Grand Am.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for bills such as surgery, funeral costs, hospital visits, chiropractic care and ambulance fees. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Shop. Compare. Save.

The cheapest 2001 Pontiac Grand Am insurance is possible on the web and from local agencies, and you need to price shop both in order to have the best chance of saving money. There are still a few companies who don’t offer the ability to get quotes online and usually these regional insurance providers sell through independent agents.

As you prepare to switch companies, make sure you don’t buy poor coverage just to save money. In many instances, an accident victim reduced liability limits or collision coverage only to regret they didn’t purchase enough coverage. The ultimate goal is to buy enough coverage for the lowest cost but still have enough coverage for asset protection.

More detailed auto insurance information can be found in the articles below: