Cheap 2002 Pontiac Grand Am Insurance Cost

Sick and tired of paying out the nose to pay insurance coverage each month? You are in the same boat as many other consumers. People have many insurance companies to choose from, and although it’s nice to have a choice, so many choices can make it hard to compare company pricing.

You should make it a habit to check insurance coverage prices quite often because insurance coverage prices change frequently. Just because you had the lowest price on Grand Am coverage on your last policy a different company probably has better rates today. There is a lot of wrong information about insurance coverage out there, but I’m going to show you some solid techniques on how to find cheap insurance coverage.

Discount insurance coverage quotes

Properly insuring your vehicles can get expensive, but you may be missing some discounts that could help you make your next renewal payment. Certain reductions will be credited at quote time, but a few must be requested specifically before being credited.

• Sign Early and Save – Some insurance companies give discounts for signing up early. Ten percent is about the average savings.
• Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks shop car insurance over the internet.
• Claim Free – Drivers who stay claim-free have much lower rates as opposed to accident-prone drivers.
• Safety Course Discount – Participating in a defensive driving class could cut 5% off your bill and easily pay for the cost of the class.
• Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save a little off the personal injury premium cost.
• Government Employee Discount – Active or retired federal employment could cut as much as 10% off on Grand Am coverage but check with your company.
• Save with a New Car – Buying a new car instead of a used car is cheaper because newer models have to meet stringent safety requirements.
• Theft Prevention Discount – Cars and trucks equipped with anti-theft or alarm systems can help prevent theft and will qualify for a discount on a car insurance quote.
• Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
• Military Deployment Discount – Having a family member in the military could trigger a small discount.

You can save money using discounts, but most discounts do not apply to your bottom line cost. Most only cut individual premiums such as physical damage coverage or medical payments. Even though the math looks like all those discounts means the company will pay you, companies don’t profit that way.

Popular insurance coverage companies and their possible discounts are detailed below.

• State Farm discounts include Drive Safe & Save, good student, multiple autos, defensive driving training, Steer Clear safe driver discount, multiple policy, and student away at school.
• Geico has discounts for membership and employees, good student, air bags, anti-theft, military active duty, emergency military deployment, and defensive driver.
• Allstate has savings for teenSMART discount, anti-lock brakes, auto/life discount, safe driver, premier discount, and anti-theft.
• SAFECO offers discounts including teen safety rewards, homeowner, drive less, anti-lock brakes, anti-theft, and safe driver.
• Farm Bureau includes discounts for youthful driver, driver training, multi-vehicle, 55 and retired, good student, and renewal discount.
• Progressive may have discounts that include continuous coverage, homeowner, online quote discount, multi-vehicle, online signing, multi-policy, and good student.
• AAA policyholders can earn discounts including AAA membership discount, multi-policy, good driver, multi-car, and good student.

If you want inexpensive car insurance quotes, ask each insurance company the best way to save money. All car insurance discounts may not apply to policies everywhere. If you would like to view insurers with the best discounts, click this link.

Informed consumers save more

When buying car insurance it’s important to understand the different types of things that are used to determine your policy premiums. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that may reward you with big savings. Many factors are used in the calculation when premium rates are determined. Some are obvious like a motor vehicle report, although others are not as apparent like where you live or how safe your car is.

• Certain jobs raise prices – Did you know your car insurance rates can be affected by your occupation? Occupations like fire fighters, business owners and stock brokers tend to have the highest average rates due to stressful work requirements and incredibly demanding work hours. On the flip side, occupations such as scientists, athletes and performers generally pay rates lower than average on Grand Am coverage.
• Multiple policies with one company – Some insurers afford lower prices for people who consolidate policies with them. It’s known as a multi-policy discount. The discount can add up to anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to get quotes from other companies to verify if the discount is saving money. You may still save more without the discount even if you have your coverage with different companies
• Low mileage costs less – The more you drive your Pontiac in a year’s time the higher the price you pay to insure it. The majority of insurers rate vehicles partially by how you use the vehicle. Vehicles that sit idle most of the time qualify for better rates than vehicles that are driven to work every day. Having an incorrect usage rating on your Grand Am can result in significantly higher rates. It’s a good idea to make sure your car insurance policy is showing the proper vehicle usage, because improper ratings can cost you money.
• Premiums for men may be higher – Over the last 30 years, statistics show women tend to be less risk to insure than men. The data does not necessarily mean that females are better at driving than males. Men and women cause fender benders at a similar rate, but the men get into accidents with more damage. Men also tend to receive more costly citations such as reckless driving. Youthful male drivers generally have the highest accident percentage so they pay the highest premiums.
• Better rates on cars with good safety ratings – Cars with five star safety ratings tend to have lower insurance rates. Highly rated vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates into fewer and smaller insurance claims and cheaper rates on your policy.

Tailor your insurance coverage coverage to you

When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Every situation is different so your insurance should reflect that For example, these questions can help discover whether or not you will benefit from professional help.

• What is the difference between comprehensive and collision coverage?
• Do I need motorclub coverage?
• Do I have coverage if my license is suspended?
• Why am I required to get a high-risk car insurance policy?
• Why does it cost so much to insure a teen driver?
• Am I covered if hit by an uninsured driver?
• Should I rate my 2002 Pontiac Grand Am as pleasure use or commute?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Car insurance coverages and their meanings

Learning about specific coverages of a car insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the normal coverages available from car insurance companies.

Auto liability insurance

Liability insurance will cover injuries or damage you cause to a person or their property. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as emergency aid, pain and suffering, bail bonds, funeral expenses and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but buy as much as you can afford.

Uninsured or underinsured coverage

This gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your Pontiac Grand Am.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Auto collision coverage

This coverage will pay to fix damage to your Grand Am resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like backing into a parked car, crashing into a ditch, hitting a mailbox, driving through your garage door and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for EMT expenses, prosthetic devices and funeral costs. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from getting keyed, fire damage, damage from flooding, hitting a bird and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

A penny earned…

Cost effective 2002 Pontiac Grand Am insurance is definitely available on the web as well as from insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not offer internet price quotes and many times these smaller companies only sell through independent agencies.

We just covered many ideas to compare 2002 Pontiac Grand Am insurance car insurance rates online. It’s most important to understand that the more companies you get premium rates for, the better your comparison will be. Consumers could even find that the lowest priced insurance coverage comes from a lesser-known regional company. Regional companies can often insure niche markets at a lower cost compared to the large companies like Geico and State Farm.

Much more information about insurance coverage can be read on the following sites:

• Tools for Teen Driving Safety (State Farm)
• Understanding Limits and Deductibles (Allstate)
• What Does No-Fault Insurance Cover? (Allstate)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)