Drivers have many options when trying to find the best price on Pontiac GTO insurance. You can either spend your time contacting agents trying to get quotes or utilize the internet to make rate comparisons. There is a right way and a wrong way to buy car insurance and you need to know the quickest way to quote coverages for a new or used Pontiac and obtain the lowest possible price.
It’s smart to check car insurance prices on a regular basis due to the fact that insurance rates are usually higher with each renewal. Just because you found the best price for GTO insurance six months ago you will most likely find a better rate today. Starting now, forget anything you know (or think you know) about car insurance because we’re going to show you the right way to properly buy coverages and cut your premium.
Finding affordable coverage is quite easy. If you have car insurance now, you stand a good chance to be able to cut costs considerably using this strategy. Vehicle owners only need an understanding of the most efficient way to compare rates online.
Discounts are great for lower rates
Companies that sell car insurance don’t always publicize all their discounts in an easy-to-find place, so here is a list both the well known and the more hidden discounts you could be receiving. If they aren’t giving you every credit you deserve, you are paying more than you should be.
- Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can get savings of 20% or more.
- Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
- Senior Citizens – Mature drivers may receive a discount up to 10% for GTO insurance.
- Seat Belt Usage – Drivers who require all occupants to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
- Own a Home – Being a homeowner can help you save on car insurance due to the fact that maintaining a home requires personal responsibility.
- Defensive Driving Course – Completing a course in driver safety could possibly earn you a 5% discount depending on where you live.
- Drive Less and Save – Driving fewer miles can earn a substantially lower rate.
As a disclaimer on discounts, most credits do not apply to the entire policy premium. Most cut the price of certain insurance coverages like liability and collision coverage. Just because you may think all those discounts means the company will pay you, it just doesn’t work that way.
To choose insurance companies with discount car insurance rates, click here to view.
Impacting insurance rates for a Pontiac GTO
It’s important that you understand the factors that come into play when calculating car insurance rates. Knowing what controls the rates you pay empowers consumers to make smart changes that can help you get lower car insurance prices.
The list below includes a few of the “ingredients” used by your company to calculate your rates.
- More than one policy can earn a discount – Many insurers provide better rates to insureds who buy several policies from them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. If you currently are using one company, it’s still a good idea to comparison shop to ensure the best deal.
- Frequent car insurance claims increase rates – Insurance companies give lower rates to people who are claim-free. If you file claims often, you can definitely plan on higher rates. Car insurance is designed for major claims that would cause financial hardship.
- More miles equals more premium – The higher the mileage driven in a year’s time the higher your rate. Most companies apply a rate determined by how the vehicle is used. Autos left parked in the garage receive lower rates than those used for commuting. Make sure your car insurance declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money. If your policy improperly rates your GTO may be wasting your money.
- Rates may be lower depending on your job – Did you know that where you work can have an impact on rates? Careers like real estate brokers, social workers and financial analysts are shown to have higher average rates attributed to high stress and lengthy work days. Conversely, jobs such as scientists, engineers and performers pay the least for GTO insurance.
Affordable insurance is out there
People leave their current company for any number of reasons including delays in responding to claim requests, extreme rates for teen drivers, questionable increases in premium or even being labeled a high risk driver. Regardless of your reason, choosing a new insurance company can be pretty painless.
Budget-conscious Pontiac GTO insurance is definitely available online and also from your neighborhood agents, and you should be comparing both to have the best rate selection. A few companies may not provide the ability to get a quote online and these regional insurance providers work with independent agents.
As you shop your coverage around, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped physical damage coverage and learned later that they should have had better coverage. Your focus should be to buy the best coverage you can find for the lowest price, not the least amount of coverage.
