Are you sick and tired of not being able to afford to pay your car insurance bill each month? You are no different than many other consumers.
Many insurance companies vie for your hard-earned dollar, so it’s not easy to compare every insurer to discover the definitive lowest cost out there.
You should make it a habit to compare prices occasionally because prices are constantly changing. Just because you had the best price for G3 coverage last year you can probably find a better price now. There is too much inaccurate information about car insurance online, so with this article, you’re going to get some great ideas on how to reduce your car insurance bill.
Comprehensive Car Insurance Comparison
To find the best car insurance prices, there are several ways to compare quotes from local car insurance companies. The easiest way by far to find competitive Pontiac G3 insurance rates consists of obtaining rate quotes online. This can be done in several different ways.
The first (and easiest) way to find low rates is a comparison rater form click to view form in new window. This method keeps you from doing separate quotation requests for each company. Completing one form will get you rate comparisons direct from many companies.
A more difficult way to get quotes online requires a visit to each company website and fill out their own quote form. For instance, let’s assume you want to compare rates from USAA, Liberty Mutual and Travelers. To find out each rate you need to spend time on each company’s site and enter your policy data, which is why the first method is more popular. To view a list of companies in your area, click here.
The least recommended way to get comparison rates is to spend your day driving to insurance agents’ offices. The ability to buy insurance online eliminates the need for an insurance agent unless you prefer the professional guidance that only a license agent can provide. However, consumers can comparison shop your insurance online but still have the advice of a local agent and you’ll learn how to do that later.
Whichever method you choose, ensure you’re using apples-to-apples coverage limits with each company. If your comparisons have differing limits it will be next to impossible to decipher which rate is best. Having just a slight variation in limits could mean much higher rates. And when price shopping your coverage, comparing a large number of companies will increase your chances of finding better pricing.
Don’t pay full price with these discounts
Car insurance can cost a lot, but discounts can save money and there are some available to help offset the cost. Most are applied at quote time, but some may not be applied and must be inquired about prior to getting the savings.
- Homeowners Savings – Being a homeowner can save you money because owning a home is proof that your finances are in order.
- Military Discounts – Being on active duty in the military may qualify for rate reductions.
- Accident Forgiveness – Some insurance companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
- Good Student – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last until age 25.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
- Life Insurance – Select insurance companies reward you with better rates if you take out auto and life insurance together.
Consumers should know that most discount credits are not given to the overall cost of the policy. A few only apply to the cost of specific coverages such as collision or personal injury protection. Just because you may think it’s possible to get free car insurance, car insurance companies aren’t that generous. Any amount of discount will cut the amount you have to pay.
To choose companies offering car insurance discounts, click here.
Pontiac G3 insurance rates have many determining factors
An important part of buying insurance is that you know the rating factors that play a part in calculating the price you pay for car insurance. When you know what positively or negatively influences your rates enables informed choices that can help you get much lower annual insurance costs.
Shown below are a few of the “ingredients” car insurance companies consider when setting your rates.
- Pleasure use saves money – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. Almost all companies charge to insure your cars based upon how you use the vehicle. Autos used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Double check that your car insurance declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money. Incorrect usage on your G3 may be wasting your money.
- No coverage gaps is important – Driving your car without having proper coverage is illegal and car insurance companies will penalize you for letting your coverage have a gap. And not only will your rates increase, but not being able to provide proof of insurance will get you a steep fine or even jail time.
- High numbers of claims are not good – Insurance companies generally give cheaper rates to insureds who are claim-free. If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Auto insurance is designed for major claims that would cause financial hardship.
- What type of vehicle do you drive? – The type of car you are buying insurance for makes a huge difference in the rate you pay. The most favorable rates are generally reserved for economy passenger models, but other factors influence the final cost greatly. Because the Pontiac G3 is considered a sedan, rates will be about the same as compared to the average rate.
- Liability coverage protects you – Your policy’s liability coverage will protect you in the event that a court rules you are at fault for damages from an accident. Liability insurance provides legal defense coverage which can be incredibly expensive. Liability is cheap as compared to coverage for physical damage, so do not skimp.
- Consolidate policies to earn discounts – Most car insurance companies provide better rates to policyholders who consolidate policies with them in the form of a multi-policy discount. Even with this discount, it’s in your best interest to compare other company rates to ensure the best deal. You may still be able to find better rates by splitting coverages up.
- High deductibles save money – Your deductibles represent how much money you are required to spend out-of-pocket if you file a covered claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of claims that would be covered are colliding with a building, vandalism, and windstorm damage. The more money the insured has to pay upfront, the less your car insurance will be for G3 coverage.
Car Insurance through a local agent
Some consumers just want to buy from a local agent and there is nothing wrong with that. One of the great benefits of comparing insurance prices online is you may find lower rates and still have an agent to talk to. And supporting small agencies is definitely important in small towns and cities.
By using this short form, your information is sent to agents in your area who will compete for your coverage. You don’t have to leave your computer since price quotes are sent immediately to your email address. Now that’s easy! Get lower rates without the usual hassles of price shopping.
Two types of car insurance agents
When searching for an insurance agent, you must know there are a couple types of insurance agents that you can select. Agencies are either captive or independent.
Independent Agents (or Brokers)
These agents are not locked into one company so they can insure your vehicles amongst many companies and possibly get better coverage at lower prices. To move your coverage to a new company, they simply move the coverage in-house and you don’t have to find a new agent. When comparison shopping, you should always include price quotes from at a minimum one independent agency to have the most options to choose from.
Captive Agents
This type of agents have only one company to place business with and examples are Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to place coverage with different providers so they have no alternatives for high prices. Captives are very knowledgeable on their company’s products which can be an advantage.
To view a full list of car insurance agents, click here.
Selecting an insurance agent shouldn’t rely on just the premium amount. Any agent should be forthright in answering these questions:
- How are they compensated?
- Do they make recommendations based only on price?
- Are they properly licensed to sell insurance in your state?
- How long has their agency been in business?
- What is the agency’s Better Business Bureau rating?
- Is working in the agency their full-time job?
- Do they review policy coverages at every renewal?
Once you have received good answers and an affordable coverage quote, you’ve probably found a car insurance agent that will properly service your car insurance policy.
Online plus local equals savings
As you prepare to switch companies, make sure you don’t buy less coverage just to save a little money. In many instances, an accident victim reduced collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy a smart amount of coverage at the best price, not the least amount of coverage.
In this article, we presented many ideas to compare Pontiac G3 insurance prices online. The most important thing to understand is the more quotes you get, the better likelihood of reducing your rate. Consumers may even find the lowest premiums are with a small mutual company. Regional companies may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate and Progressive.
