How Much Does 2004 Pontiac GTO Insurance Cost?

Are you overwhelmed by the dozens of auto insurance choices that you can choose from? Many other drivers are as well. People have so many choices that it can easily turn into a difficult mission to locate the lowest rates.

Insurance policy discounts

Some providers do not advertise every possible discount in a way that’s easy to find, so the below list has a few of the more well known and also the more inconspicuous savings tricks you should be using when you buy insurance online.

  • Low Mileage – Driving less can qualify you for substantially lower prices.
  • Senior Citizens – Drivers over the age of 55 may be able to get lower premium rates on GTO insurance.
  • Own a Home – Being a homeowner can save you money because of the fact that having a home is proof of financial responsibility.
  • E-sign – Some larger companies provide a small discount simply for signing digitally online.
  • Air Bag Discount – Cars that have air bags could see savings of more than 20%.
  • Telematics Devices – Policyholders that allow companies to track where and when they drive by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they have good driving habits.
  • Theft Deterent Discount – Cars that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Safety Course Discount – Taking time to complete a course in defensive driver could save 5% or more depending on where you live.
  • Active Military Service – Being on active duty in the military can result in better prices.

Just know that most credits do not apply to your bottom line cost. Most only apply to individual premiums such as physical damage coverage or medical payments. Even though it appears you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

To see a list of providers with discount rates, click here.

How to buy car insurance online

There are several ways of comparing price quotes from different insurance companies. The simplest method to find cheaper Pontiac GTO rates is to perform an online rate comparison. It’s really quite simple and can be done in just a few minutes using one of these methods.

  1. The most efficient method to compare a lot of rates at once is an all-inclusive rate comparison click here to open form in new window. This easy form saves time by eliminating a different quote for every prospective company. A single form will return price quotes from many national carriers. This is by far the quickest method.
  2. A slightly less efficient method to get comparison quotes is spending the time to visit each company website and complete a new quote form. For sake of this example, let’s say you want to see prices from Auto-Owners, Esurance and Liberty Mutual. In order to get each rate, you would have to visit each site and repeatedly type in your coverage information, which is why the first method is more popular. To view a list of companies in your area, click here.

The approach you take is up to you, just try to use identical coverage limits and deductibles for each quote you get. If you are comparing different coverage information you will not be able to truly determine the lowest rate. Just slight variations in insurance coverages or limits may result in large price differences. And when comparison shopping, comparing more quotes helps improve the odds of finding more affordable rates.

How do I know if I need professional advice?

When it comes to buying the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

These are some specific questions can help discover if your situation would benefit from an agent’s advice.

  • Do I need replacement cost coverage on my 2004 Pontiac GTO?
  • Am I missing any policy discounts?
  • Is my nanny covered when driving my vehicle?
  • What if I total my 2004 Pontiac GTO and owe more than it’s worth?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered if my car is in a flood?
  • Are split liability limits better than a combined single limit?
  • Why am I required to buy high-risk coverage?

If you don’t know the answers to these questions then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form.

Coverages available on your policy

Having a good grasp of insurance helps when choosing appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Pontiac GTO.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time these limits are set the same as your liablity limits.

Liability auto insurance – This coverage will cover damages or injuries you inflict on other people or property. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as medical services, structural damage and attorney fees. How much coverage you buy is up to you, but you should buy as much as you can afford.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for prosthetic devices, nursing services, ambulance fees and surgery. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like scraping a guard rail, driving through your garage door and rolling your car. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Comprehensive insurance – This will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as theft, damage from getting keyed, damage from flooding, hail damage and fire damage. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

More choices the merrier

Affordable 2004 Pontiac GTO insurance is available both online and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who may not provide rate quotes online and many times these small, regional companies only sell through local independent agencies.

When getting insurance quotes online, it’s very important that you do not reduce needed coverages to save money. In many instances, someone dropped collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy the best coverage you can find at the best price, not the least amount of coverage.

You just read some good ideas how to reduce 2004 Pontiac GTO insurance car insurance rates online. The most important thing to understand is the more providers you compare, the higher your chance of finding the cheapest insurance. You may be surprised to find that the lowest priced auto insurance comes from a smaller regional carrier.

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