2002 Pontiac Grand Prix Insurance Cost

Tired of trying to scrape together enough money to insure your Pontiac every month? You’re in the same situation as many other drivers. Multiple car insurance companies compete to insure your vehicles, and it can be difficult to compare rates and uncover the absolute lowest cost out there.

If you have insurance now or need new coverage, you can follow these tips to find the best rates and possibly find even better coverage. Finding affordable coverage is quite easy. Drivers only need to know the proper way to buy insurance online.

Factors that can influence Pontiac Grand Prix insurance rates

An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for insurance coverage. Having a good understanding of what determines base rates empowers consumers to make smart changes that could result in better insurance coverage rates.

  • Sex matters – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that women are better drivers. Men and women cause accidents at a similar rate, but the male of the species cause more damage. Men also tend to get cited for more serious violations such as DWI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and are penalized with high insurance coverage rates.
  • Occupation reflects on rates – Did you know your insurance coverage rates can be affected by your occupation? Jobs such as doctors, executives and stock brokers have the highest rates attributed to job stress and lots of time spent at work. On the other hand, occupations like actors, students and performers get better rates on Grand Prix coverage.
  • Your car’s features help determine rates – Driving a car with an alarm system can help lower your rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.
  • Where you live is a factor – Residing in less populated areas can be a good thing when insuring your vehicles. Fewer drivers means reduced accidents and also fewer theft and vandalism claims. City drivers regularly have much more traffic to deal with and longer commute times. Higher commute times translates into higher accident risk.
  • Marriage brings a discount – Getting married helps lower the price on your policy. Having a spouse means you’re more mature and responsible and it’s statistically proven that drivers who are married are more cautious.
  • Adjust deductibles and save – Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Pontiac. Examples of covered claims would be collision with another vehicle, vandalism, and windstorm damage. Physical damage deductibles are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more expense you’re willing to pay, the less your insurance coverage will be on Grand Prix coverage.
  • Do you have enough liability coverage? – Liability insurance will protect you if you are found liable for causing damage or personal injury in an accident. Liability provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not skimp.
  • Cautious drivers pay less – Even one citation can bump up the cost by as much as thirty percent. Drivers who don’t get tickets have lower premiums than people who have multiple driving citations. If you have severe violations like DUI or reckless driving may find they need to submit a SR-22 form with the DMV in their state in order to drive a vehicle legally.

Don’t overlook these discounts

Insurance can be prohibitively expensive, but there could be available discounts to cut the cost considerably. Certain discounts will be applied when you complete an application, but a few must be specially asked for prior to getting the savings. If you’re not getting every credit possible, you are paying more than you should be.

  • Passive Restraint Discount – Factory air bags can get savings of more than 20%.
  • Seat Belts Save – Drivers who require all occupants to buckle their seat belts could cut 10% or more off your medical payments premium.
  • Discount for Life Insurance – Some companies give a break if you buy life insurance.
  • Multiple Policy Discount – When you combine your home and auto insurance with one company you could get a discount of up to 20% off your total premium.
  • Sign Early and Save – A few companies offer discounts for switching to them before your current expiration date. It can save you around 10%.
  • Safety Course Discount – Taking a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.

Keep in mind that some credits don’t apply to the entire policy premium. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, you won’t be that lucky. But all discounts will help reduce your premiums.

To see a list of insurers who offer auto insurance discounts, click here.

Save 15 percent in 15 minutes? Is it for real?

Consumers can’t get away from ads that promise big savings from companies such as State Farm and Allstate. They all seem to have a common claim of big savings after switching your policy.

But how can every company make almost identical claims? It’s all in the numbers.

All companies have a preferred profile for the type of customer that earns them a profit. For example, a profitable customer might be between 30 and 50, has no tickets, and has excellent credit. A driver who meets those qualifications gets the lowest rates and as a result will probably save when they switch companies.

Consumers who don’t meet the requirements must pay higher prices and this can result in the customer not buying. The ad wording is “drivers who switch” not “everyone that quotes” save that much money. That is how insurance companies can confidently make the claims of big savings.

This illustrates why you need to get quotes from several different companies. You cannot predict which auto insurance company will provide you with the cheapest Pontiac Grand Prix insurance rates.

Is my situation unique?

When choosing coverage, there really is not a one size fits all plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that can help discover if your insurance needs may require specific advice.

  • Why am I required to get a high-risk car insurance policy?
  • When can my company non-renew my policy?
  • What if I total my 2002 Pontiac Grand Prix and owe more than it’s worth?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered when driving a rental car?
  • Does my 2002 Pontiac Grand Prix need full coverage?
  • Do I pay less for low miles?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It is quick, free and may give you better protection.

Car insurance coverages for a Pontiac Grand Prix

Learning about specific coverages of a auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages offered by auto insurance companies.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for short-term medical expenses for prosthetic devices, surgery and EMT expenses. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like rock chips in glass, fire damage, hitting a deer and hail damage. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2002 Pontiac Grand Prix.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages are set the same as your liablity limits.

Liability car insurance

Liability insurance will cover damage that occurs to other people or property that is your fault. It protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like repair bills for other people’s vehicles, funeral expenses, legal defense fees, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage

This coverage covers damage to your Grand Prix resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like crashing into a building, rolling your car, driving through your garage door, scraping a guard rail and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Knowledge is power

In this article, we presented a lot of tips how to reduce 2002 Pontiac Grand Prix insurance prices online. It’s most important to understand that the more providers you compare, the higher your chance of finding lower rates. Drivers may discover the best prices are with some of the lesser-known companies. They may have significantly lower rates on certain market segments than the large multi-state companies such as GEICO and State Farm.

Budget-conscious insurance is available from both online companies and with local insurance agents, so compare prices from both in order to have the best chance of saving money. There are still a few companies who do not offer the ability to get a quote online and these small insurance companies work with independent agents.

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