How to Compare Kansas City Pontiac G6 Insurance

Amazingly, a recent NerdWallet.com 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.

Truthfully, 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.

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.

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.

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.

• Deter theft and pay less – Choosing to buy a car that has an advanced theft prevention system can earn a premium discount. Theft prevention features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder car theft.

• Insurance rates and age – Young drivers in Missouri have a tendency to be more careless when driving with friends so they pay higher insurance rates. Older people are shown to be more cautious, file fewer claims, and are safer drivers.

  The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Prices impacted by vehicle usage – The higher the mileage driven annually the more it will cost to insure it. Most insurance companies charge rates based upon how the vehicle is primarily used. Cars and trucks that sit idle most of the time can get a lower rate than those used for commuting. Improper usage on your G6 can result in significantly higher rates. Make sure your vehicle rating is rated on the proper vehicle usage.
• Defend yourself with liability insurance – Liability coverage is the protection when you are responsible for physical damage or personal injury to other. Your liability coverage provides for a legal defense to defend your case. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.

• Males pay more for insurance coverage – Statistics have proven females are less aggressive when driving. It does not mean males are worse at driving than females. Men and women get in accidents at a similar rate, but men get into accidents with more damage. Men also tend to get higher numbers of serious violations like DUI and reckless driving. Youthful male drivers have the highest risk to insure and thus pay the highest rates.

  The example below illustrates the comparison of Pontiac G6 yearly insurance costs for male and female drivers. Data assumes no driving violations, no at-fault accidents, full physical damage coverage, $100 deductibles, single status, and no discounts are applied to the premium.

• Accidents can be expensive – Drivers who don’t get tickets get better rates compared to drivers with tickets. Even a single speeding ticket or other violation can bump up the cost by as much as twenty percent. Drivers who have multiple tickets like reckless driving or DUI may be required to complete a SR-22 with their state motor vehicle department in order to legally drive a vehicle.

  The diagram below shows how violations and accidents can impact Pontiac G6 yearly insurance costs for each different age category. Data assumes a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

• Is you occupation costing you more? – Did you know your occupation can influence how much you pay for insurance? Careers like real estate brokers, social workers, and miners tend to pay higher rates than the rest of us attributed to intense work-related stress and long work days. Other occupations like professors, historians and retirees pay lower than average rates.
• Cheaper rates by bundling – Many insurance companies provide discounts for people that purchase more than one policy in the form of a multi-policy discount. Even if you’re getting this discount you may still want to compare other Kansas City G6 insurance rates to help guarantee you have the best rates. You may still be able to save money by buying insurance from a different company.

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.

More information can be read at these links:

• Understanding Your Insurance Deductible (Insurance Information Institute)
• Who Has Cheap Auto Insurance Quotes for High Mileage Drivers in Kansas City? (FAQ)
• Who Has Cheap Kansas City Auto Insurance Quotes for a Ford Escape? (FAQ)
• Who Has Cheap Car Insurance for a Toyota Highlander in Kansas City? (FAQ)
• Five Mistakes to Avoid (Insurance Information Institute)
• Parking Tips to Reduce Door Dings (State Farm)