2006 Pontiac GTO Insurance Quotes

Searching for low-cost insurance for a Pontiac GTO can be a lot of work, but you can follow these tips to make it easier. There is a right way and a wrong way to buy insurance coverage so we’re going to tell you the absolute fastest way to compare rates for a Pontiac and get the lowest possible price.

Auto Insurance Quote Comparison

Performing a rate comparison can be challenging if you don’t utilize the best way to get rate quotes. You can waste a few hours (or days) talking about coverages with insurance companies in your area, or you can stay home and use the internet to maximize your effort.

Most of the best insurance companies are enrolled in a marketplace where prospective buyers enter their policy data once, and each participating company then gives them pricing. This eliminates the need for quotation requests for each company.

To access this free quoting program, click here (opens in new window).

The one downside to getting quotes like this is that you can’t choose which companies to get quotes from. So if you prefer to pick individual companies to receive pricing from, we put together a list of low cost auto insurance companies in your area. View list of insurance companies.

However you get your quotes, double check that you are using exactly the same information with each company. If you use higher or lower deductibles it will be next to impossible to decipher which rate is best.

How to reduce 2006 Pontiac GTO insurance rates

Companies that sell car insurance don’t always advertise every discount in a way that’s easy to find, so the following is a list of both well-publicized and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • Bundle and Save – If you have multiple policies with the same company you may earn approximately 10% to 15%.
  • Drivers Ed for Students – Have your child successfully complete driver’s ed class in school.
  • Life Insurance – Larger companies have better rates if you take out a life insurance policy as well.
  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for GTO coverage than drivers with accident claims.
  • Discount for Good Grades – A discount for being a good student can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • Clubs and Organizations – Belonging to a civic or occupational organization could trigger savings on car insurance for GTO coverage.
  • No Accidents – Drivers with accident-free driving histories pay much less when compared with drivers who are more careless.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Some only apply to the cost of specific coverages such as medical payments or collision. Just because you may think you would end up receiving a 100% discount, you’re out of luck.

To see a list of insurers with discount car insurance rates, click here to view.

These factors can influence what you pay for Pontiac GTO insurance

Smart consumers have a good feel for some of the elements that play a part in calculating the price you pay for insurance coverage. When you know what positively or negatively influences your rates allows you to make educated decisions that may reward you with big savings.

  • Higher safety ratings means cheaper insurance – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles reduce injuries and better occupant protection translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Pontiac earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
  • Policy add-ons can waste money – There are many add-on coverages you can purchase when buying insurance coverage. Coverages like rental car reimbursement, better glass coverage and term life insurance may be wasting your money. They may seem good at first, but if they’re wasting money get rid of them and save.
  • Older drivers pay less – Teen drivers are known to be more careless in a vehicle so they pay higher insurance coverage rates. Mature drivers are viewed as being more responsible, tend to file fewer claims and tend to be better behind the wheel.
  • Rural vs Urban Areas – Living in small towns and rural areas has it’s advantages when buying insurance coverage. Urban drivers have congested traffic and longer commutes to work. Fewer people means reduced accidents as well as less vandalism and auto theft.
  • Never let your coverage lapse – Driving without insurance is illegal and your next policy will cost more because you let your insurance expire. Not only will rates go up, but not being able to provide proof of insurance will get you a license revocation or jail time.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.

Tailor your coverage to you

When it comes to buying coverage for your vehicles, there isn’t really a “best” method to buy coverage. Each situation is unique.

These are some specific questions might point out if your situation might need an agent’s assistance.

  • How much liability coverage do I need in my state?
  • When does my teenage driver need to be added to my policy?
  • Does my medical payments coverage pay my health insurance deductible?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is other people’s property covered if stolen from my vehicle?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.

Are insurance companies telling the truth?

Consumers constantly see and hear ads for cheaper car insurance from companies such as State Farm and Allstate. All the companies make the same claim that you can save if you switch your policy.

How do they all claim to save you money?

All companies can use profiling for the type of customer that is profitable for them. For instance, a preferred risk could possibly be over the age of 40, is a homeowner, and chooses high deductibles. A customer getting a price quote who fits that profile receives the best rates and therefore will save when switching.

Potential customers who don’t measure up to this ideal profile will have to pay a more expensive rate which usually ends up with the driver buying from a lower-cost company. The ads state “drivers who switch” but not “drivers who get quotes” save money. This is how insurance companies can make those claims. Because of the profiling, drivers should get as many comparisons as possible. It’s impossible to know which company will provide you with the cheapest Pontiac GTO insurance rates.

Auto insurance coverage information

Understanding the coverages of your policy can help you determine appropriate coverage and the correct deductibles and limits. Car insurance terms can be confusing and coverage can change by endorsement.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as dental work, X-ray expenses and surgery. They are utilized in addition to your health insurance program or if you do not have health coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Pontiac GTO.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Collision coverages – This coverage will pay to fix damage to your GTO caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like hitting a parking meter, backing into a parked car, driving through your garage door and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Auto liability – This can cover damage or injury you incur to other’s property or people in an accident. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of 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 liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims like structural damage, bail bonds and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive coverage (or Other than Collision) – This pays for 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 such as fire damage, damage from getting keyed and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Be a penny pincher

Insureds who switch companies do it for a variety of reasons including lack of trust in their agent, being labeled a high risk driver, delays in paying claims or high rates after DUI convictions. No matter why you want to switch, switching auto insurance companies is not as hard as you think.

Budget-conscious 2006 Pontiac GTO insurance can be bought on the web and also from your neighborhood agents, so you should compare both so you have a total pricing picture. Some insurance companies may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

Throughout this article, we presented a lot of techniques to compare insurance prices online. The most important thing to understand is the more providers you compare, the higher your chance of finding lower rates. You may be surprised to find that the lowest premiums are with the least-expected company.

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