Cheap 2005 Pontiac GTO Car Insurance Cost

Trying to find lower car insurance rates for your Pontiac GTO? Baffled by the wide range of car insurance providers? people have such a large number of options that it can easily become a ton of work to find the lowest price.

If you have car insurance now, you stand a good chance to be able to cut costs considerably using these techniques. Pricing more affordable insurance coverage coverage is quite easy. Although drivers can benefit by having an understanding of how companies market insurance on the web because it can help you find the best coverage.

Save a ton by taking advantage of discounts

Companies don’t always list all possible discounts very clearly, so the following list contains both well-publicized as well as some of the hidden discounts that you can inquire about if you buy insurance online.

• Anti-lock Brake System – Vehicles with ABS and/or traction control can avoid accidents and the ABS can save up to 10%.
• Seat Belt Discounts – Drivers who require all occupants to buckle up before driving can save up to 10 percent (depending on the company) off PIP or medical payments premium.
• Responsible Drivers – Drivers who avoid accidents may save up to 50% more for GTO coverage as compared to drivers with claims.
• Low Mileage Discounts – Fewer annual miles on your Pontiac could be rewarded with substantially lower rates.
• No Accidents – Drivers who stay claim-free can earn big discounts when compared to policyholders that have many claims.
• Safety Course Discount – Completing a course teaching defensive driving skills could save 5% or more and easily pay for the cost of the class.
• Distant Student Discount – Any of your kids who are attending college and do not take a car to college may be insured at a cheaper rate.
• Homeowners Savings – Being a homeowner may earn you a small savings because maintaining a house is proof of financial responsibility.

One thing to note about discounts is that most discounts do not apply to the overall cost of the policy. Some only reduce individual premiums such as comprehensive or collision. So when the math indicates you could get a free auto insurance policy, companies wouldn’t make money that way.

Some of the insurance companies that may offer quotes with these discounts possibly include:

• State Farm
• Geico
• SAFECO
• Farmers Insurance
• AAA
• USAA

Before buying, ask every company which discounts you qualify for. Some of the discounts discussed earlier may not apply to policies in every state. To see auto insurance companies with significant discounts, follow this link.

First Step: Get free insurance quotes

When shopping for insurance there are multiple ways of comparing rate quotes from lots of insurance companies. The quickest method to find the cheapest 2005 Pontiac GTO insurance rates consists of shopping online. This is quite simple and can be completed in a couple minutes as outlined below.

1. The best way consumers can analyze rates is an all-inclusive rate comparison (click to open form in new window). This type of form eliminates the need for repetitive form submissions for every company. A single, simple form will return price quotes direct from many companies. This is perfect if you don’t have a lot of time.
2. A less efficient way to obtain and compare quotes online requires you to visit each individual company website to request a price quote. For example, let’s say you want to compare Liberty Mutual, State Farm and Allstate. In order to compare rates, you need to spend time going to each site individually and type in your information over and over, which is why most consumers use the first method.

   For a handy list of car insurance company links in your area, click here.

3. If you have time to kill, the last method to get price estimates to and from local insurance agencies. Doing it all online can eliminate the need for a local agent unless you have a need for the peace of mind that can only be provided by a licensed insurance agent. Some companies do allow you to price shop your coverage online and still use a local agent.

It’s up to you which method you use, but make sure you are using identical information for each comparison quote. If you are comparing unequal deductibles or liability limits you can’t possibly make an equal comparison. Quoting even small variations in limits could mean much higher rates. Keep in mind that comparing more rates from different companies increases your odds of finding the best price.

Pontiac GTO insurance premiums can be cheaper

When buying insurance coverage it’s important to understand the different types of things that aid in calculating insurance coverage rates. If you have some idea of what impacts premium levels, this enables informed choices that could help you find cheaper rates.

• Higher prices for stressful employers – Careers such as doctorsairline pilots and stock brokers generally pay higher premiums than the average policyholder because of intense work situations and lots of time spent away from family. Other occupations like scientists, athletes and homemakers have lower than average premiums for GTO coverage.
• Filing claims can cost you more – Car insurance companies award better rates to insureds who are not frequent claim filers. If you frequently file small claims, you can expect increased rates or even have your policy non-renewed. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
• How old are your drivers? – Older insureds have been proven to be more responsible, tend to file fewer claims and get fewer tickets.Beginning drivers tend to be inattentive and easily distracted with other occupants in the car so they pay higher insurance coverage rates.
• Having a spouse brings a discount – Walking down the aisle actually saves money on your insurance coverage policy. Having a significant other generally demonstrates drivers are more mature and responsible and statistics show drivers who are married are more cautious.

How much auto insurance do I need?

When choosing the right insurance coverage for your personal vehicles, there is no perfect coverage plan. Everyone’s needs are different.

For example, these questions can aid in determining whether you would benefit from professional advice.

• What is medical payments coverage?
• Do I have coverage when making deliveries for my home business?
• How high should deductibles be on a 2005 Pontiac GTO?
• Should I buy only the required minimum liability coverage?
• Does my policy pay for OEM or aftermarket parts?
• When can I cancel my policy?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance coverage basics

Understanding the coverages of auto insurance aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and coverage can change by endorsement.

Collision protection

Collision coverage pays for damage to your GTO caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like hitting a parking meter, backing into a parked car and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like ambulance fees, X-ray expenses, prosthetic devices and dental work. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your 2005 Pontiac GTO.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive protection

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, a broken windshield, hail damage and damage from flooding. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability coverage

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

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers things such as funeral expenses, loss of income, legal defense fees and medical services. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

The best insurance company isn’t always the cheapest

Budget-conscious 2005 Pontiac GTO insurance is available both online as well as from independent agents, so you need to shop insurance with both to have the best selection. Some auto insurance companies don’t offer rate quotes online and usually these smaller companies only sell through independent insurance agencies.

Insureds who switch companies do it for many reasons like poor customer service, high prices, denial of a claim or even high rates after DUI convictions. Regardless of your reason for switching companies, finding a great new company can be less work than you think.

As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where someone sacrificed comprehensive coverage or liability limits only to regret at claim time they didn’t have enough coverage. Your goal should be to buy a smart amount of coverage at the best possible price, not the least amount of coverage.

Much more information about auto insurance can be read at these links:

• Frontal Crash Tests (iihs.org)
• What is Covered by GAP Insurance? (Allstate)
• Auto Crash Statistics (Insurance Information Insitute)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Event Data Recorders FAQ (iihs.org)