Are you burned out from trying to scrape together enough money to pay high insurance coverage rates every month? You’re in the same situation as many other consumers.
Due to the abundance of choices, it’s difficult to find a more affordable insurer.
Consumers should take time to quote other rates before your next renewal because insurance coverage prices go up and down regularly. If you had the best quotes on Grand Prix insurance on your last policy a different company probably has better rates today. You can search a lot of insurance coverage on the web, but I’m going to show you the easiest ways to slash your insurance coverage rates.
The price of auto insurance can be rather high, but discounts can save money and there are some available that may help make it more affordable. Many discounts should be triggered at the time you complete a quote, but a few must be requested specifically before you will receive the discount.
Keep in mind that some credits don’t apply to the entire cost. Some only apply to individual premiums such as comp or med pay. So when the math indicates all the discounts add up to a free policy, you won’t be that lucky. Any qualifying discounts will cut your overall premium however.
The best car insurance companies and the discounts they provide include:
When getting a coverage quote, ask all the companies the best way to save money. Some credits may not apply to policyholders in your area. If you would like to choose from a list of companies that offer discounts, click this link.
There are several ways you can shop for car insurance but some are less time-consuming than others. You could waste a few hours talking about coverages with insurance agencies in your area, or you can stay home and use the internet to get the quickest rates.
All the larger companies belong to a marketplace that allows shoppers to send in one quote, and each participating company then gives them pricing for coverage. This system prevents you from having to do form submissions to every company. To find out how much you can save on car insurance click to open in new window.
The one disadvantage to doing it this way is buyers cannot specifically choose the insurers to get pricing from. So if you prefer to pick specific insurance companies to compare, we put together a list of car insurance companies in your area. Click here for list of insurance companies.
You can choose any of those ways to find more affodable coverage, but ensure you are comparing nearly identical coverage information for each price quote. If each company quotes higher or lower deductibles you will not be able to get a fair rate comparison. Even a minor difference in insurance coverages may result in large price differences. It’s important to know that obtaining a wide range of quotes gives you a better chance of getting a lower rate.
When choosing coverage, there is no best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For instance, these questions could help you determine if you might need professional guidance.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area.
Knowing the specifics of your policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Shown next are typical coverage types offered by car insurance companies.
Comprehensive coverage (or Other than Collision)
This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers things such as hitting a bird, vandalism, hitting a deer, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your 2008 Pontiac Grand Prix.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
Insurance for medical payments
Coverage for medical payments and/or PIP pay for short-term medical expenses for things like doctor visits, pain medications, ambulance fees and rehabilitation expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage
Liability insurance
This protects you from damage that occurs to people or other property in an accident. It protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.
Liability insurance covers things such as repair costs for stationary objects, pain and suffering, bail bonds, legal defense fees and medical expenses. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.
Collision coverage protection
Collision coverage pays for damage to your Grand Prix resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as scraping a guard rail, backing into a parked car, sustaining damage from a pot hole and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.
Throughout this article, we presented a lot of ways to lower your 2008 Pontiac Grand Prix insurance prices. The key concept to understand is the more you quote insurance, the better likelihood of getting inexpensive insurance. You may even discover the lowest prices come from a lesser-known regional company. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like State Farm or Progressive.
As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. There are many occasions where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.
Even more information can be read by following these links: