How to Compare Kansas City Pontiac G6 Insurance

Amazingly, a recent study showed that a large majority of consumers kept their policy with the same company for more than four years, and nearly 40% of drivers have never even compared rates from other companies. Many consumers in Missouri could cut their rates by up to 25% a year, but they don’t want to take the time to compare rates.

Insurance quote for Pontiac G6 in Kansas CityTruthfully, the best way to save money on Pontiac G6 insurance is to compare prices at least once a year from providers that insure vehicles in Kansas City.

  1. Gain an understanding of individual coverages and the steps you can take to lower rates. Many risk factors that drive up the price such as at-fault accidents and an unacceptable credit rating can be remedied by making lifestyle changes or driving safer.
  2. Compare price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive and State Farm, while independent agents can provide rate quotes from multiple insurance companies.
  3. Compare the new rate quotes to your existing policy to determine if switching companies saves money. If you find better rates and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Give notification to your current company of your intent to cancel your current coverage. Submit payment along with a signed and completed policy application to your new insurance company. Don’t forget to place your new certificate of insurance along with your vehicle registration.

The most important part of shopping around is to make sure you’re comparing the same coverage limits and deductibles on each quote and and to get rates from as many companies as feasibly possible. This ensures an accurate price comparison and a thorough price selection.

If you are insured now or want to find a cheaper company, you will benefit by learning to get lower rates without reducing protection. This article’s intent is to instruct you on how auto insurance companies operate. Consumers just need to know the tricks to get comparison quotes from multiple carriers.

Premium rates and analysis

The information displayed below outlines estimates of prices for Pontiac G6 models. Learning a little about how insurance prices are determined can aid in making informed decisions when comparing rate quotes.

Pontiac G6 Insurance Rates in Kansas City, MO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
G6 4-Dr Sedan $100 $186 $256 $16 $76 $634 $53
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in your specific Kansas City location which can revise coverage prices significantly.

How high should deductibles be?

One of the most common auto insurance questions is how high or low should comp and collision deductibles be. The comparisons below can help you visualize the rate difference when you select higher and lower coverage deductibles. The first data set uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.

Pontiac G6 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
G6 4-Dr Sedan $206 $346 $266 $16 $80 $939 $78
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Pontiac G6 insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
G6 4-Dr Sedan $168 $280 $266 $16 $80 $810 $68
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Estimates do not factor in your specific Kansas City location which can affect rates greatly.

We can derive from the above data that using a $250 deductible costs roughly $10 more each month or $120 annually averaged for all G6 models than quoting the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 25 months between claims, you would probably come out ahead by going with a higher deductible. Here’s the way we made this calculation.

Average monthly premium for $250 deductibles: $78
Average monthly premium for $500 deductibles (subtract): – $68
Monthly savings from raising deductible: $10
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $10
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

An important sidenote is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket when you have a claim. That will require enough extra savings in the event you need to pay the deductible to have repairs made.

Full coverage rates compared to liability-only

The illustration below shows the comparison of Pontiac G6 insurance rates with full physical damage coverage compared to only buying liability only. Data assumes no claims or driving violations, $500 deductibles, drivers are single, and no discounts are factored in.

Should you pay for full coverage?

There isn’t a steadfast formula to eliminate physical damage coverage, but there is a general guideline. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s say your Pontiac G6 settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after paying your policy deductible. If it’s costing you more than $300 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are a few cases where dropping physical damage coverage is not a good idea. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Learn How to Lower Your Insurance Premiums

It’s important that you understand the rating factors that go into determining the price you pay for insurance. When you know what positively or negatively positively or negatively impacts your premiums, this allows you to make educated decisions that can help you get lower insurance prices.

Don’t give up on cheap rates

In this article, we covered many tips how you can shop for Pontiac G6 insurance online. The key thing to remember is the more providers you compare, the better your comparison will be. You may even discover the lowest priced insurance comes from a lesser-known regional company.

While you’re price shopping online, do not reduce needed coverages to save money. There are many occasions where an insured cut liability coverage limits and learned later they didn’t purchase enough coverage. The aim is to purchase plenty of coverage at the best cost, but don’t skip important coverages to save money.

Drivers who switch companies do it for a variety of reasons including being labeled a high risk driver, high prices, delays in paying claims or even poor customer service. It doesn’t matter why you want to switch choosing a new insurance company can be easy and end up saving you some money.

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