2002 Pontiac Grand Am Insurance Cost – 10 Tips for Cheapest Prices

Looking for lower auto insurance rates for your Pontiac Grand Am? Are you baffled by the sheer number of auto insurance companies that you can choose from? You’re not alone. people have so many companies to choose from that it can easily turn into a difficult challenge to compare rates.

You need to compare prices once or twice a year because auto insurance prices are usually higher with each renewal. Even if you think you had the lowest quotes on Grand Am coverage at your last renewal you will most likely find a better rate today. There are lots of tips to save on auto insurance out there, but I’m going to show you a lot of great tips on how to slash your auto insurance rates.

If you are paying for car insurance now, you stand a good chance to be able to save some money using this information. The purpose of this article is to help you learn the best way to quote coverages. But drivers benefit from understanding the way insurance companies sell insurance online and take advantage of how the system works.

Do you qualify for these ten discounts?

Insuring your vehicles can cost a lot, but you can get discounts that you may not even be aware of. Certain reductions will be credited when you quote, but lesser-known reductions have to be requested specifically prior to getting the savings.

• Good Driver Discounts – Drivers who don’t get into accidents can pay as much as 50% less on Grand Am coverage than drivers with accidents.
• Theft Deterent System – Vehicles optioned with advanced anti-theft systems have a lower chance of being stolen and that can save you a little bit as well.
• Air Bags and Passive Restraints – Factory air bags or motorized seat belts can qualify for discounts of 20% or more.
• College Student Discount – who live away from home at college and do not have access to a covered vehicle could qualify for this discount.
• Life Insurance Discount – If the company offers life insurance, you could get a small discount if you purchase auto and life insurance together.
• More Vehicles More Savings – Having primary and secondary vehicles on a single policy can reduce rates for all insured vehicles.
• Good Grades Discount – Getting good grades can earn a discount of 20% or more. The good student discount can last up to age 25.
• Student Driver Training – Teen drivers should sucessfully take a drivers education course as it will make them better drivers and lower rates.
• Driver Safety – Passing a class that teaches defensive driving techniques is a good idea and can lower rates and make you a better driver.
• Employee of Federal Government – Active or former government employment may qualify for a discount when you quote car insurance on Grand Am coverage with a few car insurance companies.

While discounts sound great, it’s important to understand that most discount credits are not given to the entire cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. Just because it seems like you can get free auto insurance, company stockholders wouldn’t be very happy.

The best car insurance companies and a summarized list of policyholder discounts are shown below.

• Progressive may offer discounts for multi-policy, online quote discount, homeowner, good student, multi-vehicle, online signing, and continuous coverage.
• Farmers Insurance discounts include homeowner, youthful driver, business and professional, bundle discounts, alternative fuel, mature driver, and switch companies.
• Farm Bureau offers premium reductions for renewal discount, youthful driver, driver training, multi-vehicle, multi-policy, 55 and retired, and good student.
• State Farm may include discounts for Drive Safe & Save, good driver, anti-theft, multiple autos, and safe vehicle.
• Geico may have discounts that include emergency military deployment, anti-lock brakes, military active duty, membership and employees, defensive driver, driver training, and anti-theft.
• SAFECO policyholders can earn discounts including multi-car, anti-lock brakes, homeowner, bundle discounts, teen safety rewards, and teen safe driver.
• Liberty Mutual offers discounts for new move discount, hybrid vehicle, new vehicle discount, safety features, exclusive group savings, multi-car, and good student.

Double check with all the companies how many discounts you can get. Savings may not apply in your area.

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Compare quotes for car insurance

There are several ways to compare car insurance prices but there is one way that is easier and takes less work. You can waste hours driving to agents in your area, or you can utilize online quotes to achieve your goal.

Most car insurance companies enroll in a system where prospective buyers submit their information once, and every company can provide price quotes determined by their information. This saves time by eliminating repetitive form submissions to every company.

To participate in this free quote system, click here (opens in new window).

The only drawback to using this type of form is that you can’t choose which companies you will receive quotes from. So if you want to select from a list of companies to receive pricing from, we have assembled a list of companies who write car insurance in your area. Click here to view list.

The approach you take is up to you, just be certain you are entering the same deductibles and coverage limits for every quote you compare. If you have mixed coverages you will not be able to find the best deal for your Pontiac Grand Am. Slightly different coverage limits may result in a large different in cost. It’s important to know that getting more free quotes increases your odds of finding a lower rate than you’re paying now.

Don’t assume everyone needs the same insurance coverage

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is unique.

For example, these questions might point out if your situation might need an agent’s assistance.

• Is borrowed equipment or tools covered if stolen or damaged?
• What is roadside assistance coverage?
• Should I drop comprehensive coverage on older vehicles?
• What is an SR-22 filing?
• Is my trailer covered?
• Am I covered by my spouse’s policy after a separation?
• Do I need replacement cost coverage?
• Where can I find high-risk insurance?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form.

Car insurance coverages explained

Knowing the specifics of car insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Pontiac Grand Am.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

Collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as sideswiping another vehicle, colliding with a tree, damaging your car on a curb, rolling your car and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive insurance

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

Comprehensive insurance covers claims such as vandalism, hitting a bird, damage from a tornado or hurricane and damage from flooding. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability auto insurance

This coverage provides protection from damage that occurs to a person or their property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like attorney fees, emergency aid, bail bonds, medical expenses and repair costs for stationary objects. How much coverage you buy is up to you, but you should buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses for things like dental work, rehabilitation expenses and nursing services. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

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One last thing about your coverage

When trying to cut insurance costs, make sure you don’t buy less coverage just to save a little money. In many cases, consumers will sacrifice physical damage coverage only to discover later that the small savings ended up costing them much more. Your focus should be to get the best coverage possible at the lowest possible cost while not skimping on critical coverages.

People leave their current company for a variety of reasons including high prices, policy non-renewal, unfair underwriting practices or delays in responding to claim requests. Whatever your reason, switching companies can be easy and end up saving you some money.

We covered quite a bit of information on how to lower your 2002 Pontiac Grand Am insurance rates. The key thing to remember is the more you quote car insurance, the better your chances of lowering your car insurance rates. You may even discover the biggest savings come from a small local company.

Additional information

• Speed and Speed Limit FAQ (iihs.org)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Should I Buy a New or Used Car? (Allstate)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Eight Auto Insurance Myths (Insurance Information Insitute)

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