2004 Pontiac Grand Am Insurance Quotes

If you’ve never shopped for insurance coverage online, you can be overwhelmed by the large number of online companies vying for business.

Parts of the Pontiac Grand Am rate equation

Consumers need to have an understanding of the rating factors that come into play when calculating the price you pay for insurance. When you know what positively or negatively influences your rates enables informed choices that may reward you with lower insurance prices.

The list below includes some of the items insurance companies consider when setting rates.

  • Never let your coverage lapse – Having an insurance coverage lapse is a guaranteed way to trigger a rate increase. Not only will rates go up, getting caught without coverage can result in a revoked license or a big fine.You may then be required to file a SR-22 with your state department of motor vehicles.
  • Your credit rating is important – Your credit score is a big factor in calculating your insurance rates. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower ratings. Therefore, if your credit is low, you could pay less to insure your 2004 Pontiac Grand Am by spending a little time repairing your credit.
  • Multiple policies with one company can save – Most insurance companies give discounts to policyholders who buy several policies from them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to comparison shop to ensure the best deal. You may still be able to find a better deal by insuring with multiple companies.
  • Safer cars cost less to insure – Vehicles with high crash test scores are cheaper to insure. These vehicles reduce injuries and any reduction in injury severity means lower claim amounts passed on to you as lower rates. If your Pontiac scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Too many insurance claims drive up costs – If you tend to file frequent claims, you can look forward to higher rates. Car insurance companies generally give better rates to people who do not file claims often. Insurance coverage is meant to be used in the event of larger claims.

Finding Insurance Deals

There are several ways to shop for Pontiac Grand Am insurance, and some are more efficient than others. You can waste a few hours (or days) talking to agents in your area, or you could use the web to maximize your effort.

Many companies belong to an insurance system where insurance shoppers only type in their quote data once, and each participating company returns a rated price based on that data. This system prevents you from having to do quote forms for every insurance company.

To compare 2004 Pontiac Grand Am rates using this form now click here to start a free quote.

The only drawback to doing it this way is that consumers can’t choose the providers to get pricing from. So if you want to select specific providers to compare prices, we have assembled a list of insurance companies in your area. Click here to view list.

However you get your quotes, compare apples-to-apples coverage limits for every company. If the quotes have higher or lower deductibles you will not be able to decipher which rate is best. Slightly different insurance coverages may cause a big price difference. Just keep in mind that getting more free quotes will enable you to find better pricing.

Advertising myths

Car insurance providers like State Farm, Allstate and Geico continually stream ads in print and on television. They all have a common claim about savings after switching to them. How do they all make the same claim? It’s all in the numbers.

All companies are able to cherry pick for the driver that makes them money. For example, a desirable insured could possibly be between the ages of 40 and 55, has no tickets, and chooses high deductibles. A driver who matches those parameters gets the lowest rates and therefore will save a lot of money.

Potential insureds who don’t meet this ideal profile will have to pay higher prices which leads to the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “everybody who quotes” save that much. That’s why insurance companies can claim big savings.

Because of the profiling, you need to get a wide range of price quotes. It is impossible to predict which insurance companies will provide you with the cheapest Pontiac Grand Am insurance rates.

These discounts can slash insurance rates

Car insurance can cost a lot, but you can get discounts that can drop the cost substantially. Certain discounts will be applied when you get a quote, but a few must be requested specifically prior to getting the savings.

  • Save over 55 – Mature drivers may qualify for a discount up to 10% on Grand Am coverage.
  • Paperwork-free – Certain companies will give a small break just for signing your application on their website.
  • Life Insurance Discount – Some companies give lower rates if you buy life insurance from them.
  • Good Students Pay Less – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Student Driver Training – Require your teen driver to successfully complete driver’s ed class if offered at their school.
  • Drive Safe and Save – Insureds without accidents may save up to 50% more on Grand Am coverage than drivers with accident claims.
  • Auto/Home Discount – When you have multiple policies with one company you could get a discount of 10% to 20% off each policy.

Drivers should understand that some of the credits will not apply to the entire cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like having all the discounts means you get insurance for free, insurance companies aren’t that generous. Any qualifying discounts will cut your premiums.

To see a list of providers offering insurance discounts, follow this link.

When might I need the advice of an agent?

When buying coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s needs are different.

For example, these questions might help in determining whether you would benefit from an agent’s advice.

  • Am I covered if I wreck a rental car?
  • What if I total my 2004 Pontiac Grand Am and owe more than it’s worth?
  • Is my teenager covered with friends in the car?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is other people’s property covered if stolen from my vehicle?
  • Are rental cars covered under my policy?
  • Do I need added coverage for expensive stereo equipment?
  • Should I have combined single limit or split liability limits?
  • Where can I find high-risk insurance?
  • Do I need PIP coverage since I have good health insurance?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

What insurance coverages do you need?

Knowing the specifics of your insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.

Coverage for collisions

Collision insurance pays for damage to your Grand Am resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as colliding with a tree, rolling your car, sideswiping another vehicle, driving through your garage door and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like funeral costs, surgery and EMT expenses. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like falling objects, theft, damage from flooding, a broken windshield and fire damage. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto liability insurance

Liability coverage can cover damage that occurs to other people or property. It protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like legal defense fees, medical expenses and attorney fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Pontiac Grand Am.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

More comparisons equals lower rates

In this article, we covered a lot of information how to compare 2004 Pontiac Grand Am insurance prices online. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the best prices are with a company that doesn’t do a lot of advertising.

Discount insurance is possible on the web as well as from independent agents, so compare prices from both to have the best chance of lowering rates. Some insurance companies don’t offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

Insureds who switch companies do it for many reasons like an unsatisfactory settlement offer, extreme rates for teen drivers, poor customer service and even high prices. Whatever your reason, finding a new company can be pretty painless.

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