2002 Pontiac Grand Prix Car Insurance Cost – 7 Savings Tips

Shoppers have a choice when shopping for the best price on Pontiac Grand Prix insurance. They can either spend hours driving around to get rate comparisons or use the internet to compare rates.

There are more efficient ways to shop for insurance and we’ll show you the absolute fastest way to compare rates on a Pontiac and find the lowest price from both online companies and local agents.

Verify you’re receiving every discount

Some providers do not advertise every available discount in a way that’s easy to find, so the list below contains both well-publicized and the more hidden discounts that you may qualify for.

• Active Service Discounts – Being deployed with a military unit can result in better prices.
• Good Student – Getting good grades could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
• Homeowners Discount – Owning a house may trigger a policy discount on insurance coverage since owning and maintaining a home requires personal responsibility.
• Low Mileage Discounts – Driving less may allow you to get lower premium rates on the low mileage vehicles.
• Defensive Driver Discount – Taking a course in driver safety could earn you a small percentage discount and easily pay for the cost of the class.
• Buy New and Save – Insuring a vehicle that is new can save up to 30% because newer vehicles are generally safer.
• Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to buckle up can save 10% or more off the PIP or medical payment premium.

Consumers should know that some credits don’t apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears it’s possible to get free car insurance, you won’t be that lucky.

Some of the larger companies that may offer policyholders these money-saving discounts are:

• State Farm
• Farmers Insurance
• Progressive
• Geico
• Auto-Owners Insurance
• The Hartford
• Farm Bureau
• USAA

Before you buy a policy, ask each company or agent which discounts can lower your rates. Some credits may not apply to policyholders in your state. If you would like to see a list of insurance companies that offer discounts, click here to view.

Where can I get cheap auto insurance?

There are several ways to shop for auto insurance, but there is one way that is less time-consuming than others. You could spend your day driving to local insurance agents in your area, or you could save time and use online quotes to get pricing more quickly.

Many of the larger companies enroll in a system where prospective buyers submit their information once, and each company returns a rated price determined by their information. This saves time by eliminating quote forms for each company.

To find out what other companies charge click here (opens in new window).

The one downside to doing it this way is that consumers can’t choose which providers you want to price. If you prefer to choose individual companies to compare prices, we have a listing of companies who write auto insurance in your area. View list of insurance companies.

It’s up to you how you get prices quotes, just be certain you are entering identical quote information for each price quote. If each company quotes different values for each quote it’s not possible to truly determine the lowest rate.

When should I discuss my situation with an agent?

When it comes to choosing adequate coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique.

These are some specific questions might help in determining whether or not you would benefit from professional advice.

• Exactly who is provided coverage by my policy?
• Is a new car covered when I drive it off the dealer lot?
• Should I have a commercial auto policy?
• Should I have combined single limit or split liability limits?
• What is an SR-22 filing?
• When can my company non-renew my policy?
• What if I owe more than I can insure my car for?
• Should I buy additional glass protection?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and can provide invaluable advice.

Auto insurance coverage information

Knowing the specifics of insurance helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Liability coverage

This coverage can cover injuries or damage you cause to other’s property or people. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things such as medical expenses, bail bonds, funeral expenses and emergency aid. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like funeral costs, EMT expenses and doctor visits. They are used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Collision protection

This coverage pays for damage to your Grand Prix resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like colliding with another moving vehicle, scraping a guard rail, crashing into a building, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive insurance

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like vandalism, fire damage and falling objects. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your Pontiac Grand Prix.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.

Smart shoppers get results

Budget-conscious 2002 Pontiac Grand Prix insurance can be bought online in addition to many insurance agents, so you need to shop insurance coverage with both to get a complete price analysis. A few companies may not have online quoting and these smaller providers provide coverage only through independent agencies.

Insureds leave their current company for many reasons like not issuing a premium refund, lack of trust in their agent, being labeled a high risk driver and delays in responding to claim requests. Regardless of your reason for switching companies, choosing a new insurance company is less work than it seems.

We just showed you a lot of information how to get a better price on 2002 Pontiac Grand Prix insurance. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced insurance coverage comes from an unexpected company.

To read more, feel free to visit these articles:

• What is a Telematics Device? (Allstate)
• Determing Auto Insurance Rates (Geico)
• Think You’re a Safe Driver? (State Farm)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)