Lower Your 2004 Pontiac Bonneville Insurance Rates

Have you had enough of not being able to afford to make your auto insurance payment? You are in the same boat as many other drivers.

Many insurance companies vie for your hard-earned dollar, and because of this it can be hard to compare insurers and uncover the absolute lowest price

If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these methods. Buying car insurance is not rocket science. But car owners do need to understand how insurance companies price insurance differently and apply this information to your search.

More discounts mean lower-cost premiums

Some companies don’t list every disount available in a way that’s easy to find, so the list below gives a summary of a few of the more common as well as the least known discounts you could be receiving when you buy car insurance online.

  • No Claim Discounts – Drivers who stay claim-free get the best insurance rates when compared with bad drivers.
  • Braking Control Discount – Cars equipped with ABS or steering control are safer to drive and will save you 10% or more.
  • Discount for Good Grades – Maintaining excellent grades could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.
  • Distant Student – Children living away from home attending college and do not have a car may be able to be covered for less.
  • Early Payment Discounts – By making one initial payment instead of monthly or quarterly installments you can avoid the installment charge.
  • Senior Citizens – Drivers over the age of 55 are able to get lower premium rates on Bonneville insurance.
  • Telematics Data Discounts – Insureds who allow data collection to monitor their driving habits by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates as long as they are good drivers.
  • Paperwork-free – Some of the larger companies will give a small break for buying your policy on their website.
  • Own a Home and Save – Owning your own home or condo can save a few bucks due to the fact that maintaining a home shows financial diligence.

As a sidenote, most of the big mark downs will not be given the the whole policy. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though it sounds like you could get a free insurance policy, you won’t be that lucky.

The best insurance companies and some of the discounts can be found below.

  • American Family offers discounts including mySafetyValet, multi-vehicle, early bird, accident-free, bundled insurance, and defensive driver.
  • Farm Bureau offers discounts for safe driver, youthful driver, driver training, multi-policy, multi-vehicle, renewal discount, and good student.
  • State Farm has discounts for safe vehicle, defensive driving training, Drive Safe & Save, student away at school, multiple autos, and good driver.
  • Travelers includes discounts for IntelliDrive, payment discounts, driver training, new car, and good student.
  • The Hartford offers premium reductions for good student, bundle, air bag, anti-theft, driver training, and defensive driver.
  • GEICO may have discounts that include federal employee, five-year accident-free, seat belt use, emergency military deployment, good student, multi-policy, and membership and employees.
  • Progressive discounts include online signing, online quote discount, good student, multi-policy, continuous coverage, and homeowner.

Before purchasing a policy, check with each company which discounts you qualify for. Some discounts listed above may not apply in your area. To locate insurance companies that have a full spectrum of discounts, click here.

How to get free car insurance quotes online

There are a variety of methods to compare car insurance prices but some are less labor-intensive and much quicker. You could spend the better part of a day talking to local insurance agents in your area, or you could use the internet to achieve your goal.

The majority of car insurance companies belong to a marketplace where insurance shoppers send in one quote, and at least one company returns a rated price based on the submitted data. This saves time by eliminating form submissions to every company.

To compare rates using this form now click here to start a free quote.

The only drawback to pricing coverage this way is buyers cannot specifically choose which carriers to get quotes from. So if you prefer to choose from a list of companies to compare prices, we have a page of the cheapest car insurance companies in your area. View list of insurance companies.

However you get your quotes, make darn sure you compare equivalent coverage information for every company. If you have different data you will not be able to find the best deal for your Pontiac Bonneville. Just a small difference in limits may result in large price differences. Just remember that comparing a wide range of rates increases your odds of finding the best price.

Informed drivers can cut insurance costs

Many things are part of the calculation when you quote your car insurance policy. Most are fairly basic like a motor vehicle report, but other criteria are more transparent like where you live or your commute time.

  • Premiums can be impacted by your employer – Occupations such as real estate brokerspolice officers and emergency personnel tend to have the highest rates due to intense work-related stress and lengthy work days. Other occupations such as professors, athletes and homemakers generally pay rates lower than average on Bonneville insurance.
  • Add-on coverages can add up – There are quite a few optional add-on coverages you can purchase on your car insurance policy. Things like coverage for rental cars, accident forgiveness, and term life insurance may be costing you every month. You may think they are a good idea when buying your policy, but your needs may have changed so remove them from your policy.
  • Bump up deductibles to lower rates – Insurance for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Pontiac. Some examples of claims that would be covered could be running into the backend of another car, damage caused by hail, and windstorm damage. Comprehensive and collision coverage deductibles define the amount you are required to spend in the event of a claim. The more expense you’re willing to pay, the less your company will charge you for insurance on Bonneville insurance.
  • Bad credit hurts insurance prices – Having a good credit score can be a huge factor in determining your rates. Therefore, if your credit rating can be improved, you could save money insuring your 2004 Pontiac Bonneville by improving your credit score. Insureds that have excellent credit scores tend to be better drivers and file fewer claims than drivers who have bad credit.
  • Safety ratings are a factor – Safe vehicles tend to have lower insurance rates. These vehicles reduce injuries and reduced instances of injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Pontiac has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
  • Car plus home equals more savings – The majority of car insurance companies provide a discount to people that purchase more than one policy. It’s known as a multi-policy discount. Even with this discount applied, you may still want to shop around to help ensure you have the lowest rates. Drivers may still save more without the discount by buying from different companies

It’s not one size fits all

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions can aid in determining if your insurance needs might need an agent’s assistance.

  • Does my policy cover my teen driver if they drive my company car?
  • Should I have a commercial auto policy?
  • Why is insurance for a teen driver so high?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • How many claims can I have before being cancelled?
  • Is extra glass coverage worth it?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Do drivers who switch really save $427 a year?

Big name companies like Allstate and Progressive constantly bombard you with ads on TV and radio. They all seem to convey the message that people will save just by switching to them. That’s great but how can every company claim to save you money? Just pay attention to how they say it.

Companies give the cheapest rates for the type of driver that earns them the highest profit. A good example of a profitable customer might have to be between the ages of 30 and 50, has no prior claims, and drives less than 10,000 miles a year. A customer getting a price quote that fits those parameters will get the preferred rates and will most likely save a lot if they switch.

Potential insureds who do not fit these standards will be charged higher premium rates and this results in the prospect going elsewhere. The ads state “people who switch” not “everyone who quotes” will save that much if they switch. That is how insurance companies can advertise the way they do. This illustrates why you should get car insurance quotes from several different companies. It is impossible to guess which auto insurance company will have the lowest rates for your situation.

Auto insurance coverage breakdown

Learning about specific coverages of a auto insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on the average auto insurance policy.

Auto liability

Liability insurance provides protection from damage that occurs to other people or property by causing an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims like medical services, pain and suffering, attorney fees and funeral expenses. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Comprehensive coverages

This pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims like damage from flooding, theft and hail damage. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 2004 Pontiac Bonneville.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for bills like X-ray expenses, dental work and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Auto collision coverage

Collision insurance covers damage to your Bonneville from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as driving through your garage door, sustaining damage from a pot hole, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible to bring the cost down.

A penny saved is a penny earned

Lower-priced 2004 Pontiac Bonneville insurance can be purchased both online in addition to local insurance agencies, so you should compare both to have the best rate selection. Some insurance companies may not have the ability to get quotes online and most of the time these small insurance companies sell through local independent agents.

You just learned a lot of ways to lower your 2004 Pontiac Bonneville insurance auto insurance rates. The key concept to understand is the more price quotes you have, the better likelihood of getting affordable car insurance. Consumers could even find that the best auto insurance rates are with a company that doesn’t do a lot of advertising. Smaller companies can often provide lower premium rates in certain areas as compared to the big name companies such as Allstate or State Farm.

When searching for inexpensive car insurance quotes, it’s not a good idea to reduce coverage to reduce premium. There are a lot of situations where someone sacrificed liability limits or collision coverage to discover at claim time that they should have had better coverage. Your strategy should be to buy enough coverage at a price you can afford, not the least amount of coverage.

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