No car owner fancies paying their premiums for insurance, in particular when the prices are way too high.
It’s a fact that auto insurance companies want to keep you from shopping around. Drivers who get price comparisons are likely to move their business because there is a high probability of finding a lower rate. A recent insurance study revealed that people who compared rates regularly saved an average of $860 a year compared to drivers who never shopped around for cheaper prices.
If finding the lowest price on auto insurance in Lincoln is the reason you’re reading this, then understanding how to get rate quotes and compare insurance can help you succeed in saving money.
How to find cheaper rates for Pontiac GTO insurance in Lincoln
To save the most money, the best way to get the cheapest Pontiac GTO insurance in Lincoln is to compare quotes once a year from providers who provide car insurance in Nebraska. This can be done by completing these steps.
- Gain an understanding of the different coverages in a policy and the things you can change to keep rates down. Many things that drive up the price such as accidents, traffic tickets, and a poor credit score can be rectified by making minor changes to your lifestyle. This article provides more ideas to find cheap prices and find additional discounts you may qualify for.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can give you price quotes for a wide range of insurance providers.
- Compare the new rates to your existing policy and determine if there is any savings. If you find a better price and make a switch, verify that coverage does not lapse between policies.
- Give notification to your agent or company of your intention to cancel the current policy and submit a down payment and signed policy application for the new policy. Once coverage is bound, store the certificate of insurance above your visor, in the console, or in the glove compartment.
One key aspect when comparing rates is to use similar coverage information on every price quote and and to get price estimates from as many companies as you can. This enables an apples-to-apples comparison and a complete price analysis.
Many auto insurance companies compete for your insurance dollar, so it can be very hard to choose a provider to find the absolute best rates possible on Pontiac GTO insurance in Lincoln.
It’s a good habit to take a look at other company’s rates periodically due to the fact that insurance prices tend to go up over time. Despite the fact that you may have had the lowest price on Pontiac GTO insurance in Lincoln last year other companies may now be cheaper. Forget anything you know (or think you know) about insurance because we’re going to show you the best methods to reduce your cost while increasing coverage.
If you’re already insured, you will be able to reduce premiums using these techniques. Finding the cheapest auto insurance coverage in Lincoln is actually quite simple. But Nebraska vehicle owners do need to know how big insurance companies determine premium rates and use it to find better rates.
Insurance Rate Influencing Factors
Part of the auto insurance buying process is learning some of the factors that play a part in calculating the level of your policy premiums. When you understand what determines premiums, this allows you to make good choices that could help you find lower premium levels. Many things are taken into consideration when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but other criteria are not as apparent such as your credit history or how financially stable you are.
- Is auto insurance cheaper for women or men? – Statistics show women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Both sexes tend to get into auto accidents in similar percentages, but the men cause more damage. Not only are claims higher, but men have more aggressive citations like driving under the influence (DUI).
- Coverage lapses lead to higher auto insurance rates – Having a lapse in insurance coverage can be a fast way to bump up your auto insurance costs. In addition to paying higher premiums, the inability to provide proof of insurance will get you a steep fine or even jail time. Then you may be required to prove you have insurance by filing a SR-22 with the Nebraska motor vehicle department.
- Pay more if you have a long commute – Having an address in a rural area has it’s advantages when insuring your vehicles. Drivers in populated areas regularly have much more traffic and more time behind the wheel. Fewer drivers and short commutes corresponds to lower accident rates as well as less vandalism and auto theft.
- Safer cars save money – Vehicles that have high safety ratings are cheaper to insure. These vehicles protect occupants better and lower injury rates translates into fewer and smaller insurance claims which can result in lower premiums. If your Pontiac GTO scored at minimum four stars on Safercar.gov you may qualify for a discount.
- Higher prices for specific jobs – Occupations like military generals, air traffic controllers, and accountants tend to have higher premium rates due to job stress and lots of time spent away from family. Conversely, jobs like farmers, engineers and performers generally pay rates lower than average.
- Performance impacts insurance prices – The performance level of the car, truck or SUV you drive makes a huge difference in the rate you pay. The most favorable rates are for smaller low performance passenger cars, but the final cost of insurance is determined by many other factors.
- Bad credit will cost you – An insured’s credit history is a big factor in calculating your auto insurance rates. If your credit is low, you could potentially save money when insuring your Pontiac GTO by repairing your credit. Drivers who have good credit tend to be better risks to insure as compared to drivers with lower ratings.
- Pay more of a claim out-of-pocket – Physical damage insurance, also called ‘full coverage’, insures against damage to your Pontiac. Some examples of claims that would be covered are colliding with a building, hail damage, and having your car stolen. Deductibles for physical damage define the amount you are required to pay before a claim is paid by your company. The more you choose to pay out-of-pocket, the lower your rates will be.
Lower rates by qualifying for discounts
Some insurance providers don’t always advertise the entire discount list very clearly, so we took the time to find a few of the more common and the harder-to-find credits available to bring down your rates.
- Defensive Driver Discount – Participating in a defensive driving course could cut 5% off your bill depending on where you live.
- Memberships – Being in a professional or civic organization is a good way to get lower rates on your policy.
- Save with a New Car – Insuring a vehicle that is new can cost up to 25% less due to better safety requirements for newer models.
- Mature Driver Discount – Older drivers may be able to get a small discount on rates.
- First Accident Forgiveness – This isn’t a discount exactly, but some companies like GEICO, Allstate and Liberty Mutual allow you one accident without raising rates if your claims history is clear prior to being involved in the accident.
- Discount for Passive Restraints – Options like air bags can qualify for discounts of up to 25% or more.
- Theft Deterrent – Cars equipped with tracking devices and advanced anti-theft systems prevent vehicle theft so companies will give you a small discount.
- Lincoln Homeowners Discount – Owning a home in Lincoln can help you save on insurance due to the fact that maintaining a home is proof of financial responsibility.
Just know that many deductions do not apply to all coverage premiums. Most only reduce individual premiums such as liability and collision coverage. Despite the appearance that it’s possible to get free car insurance, that’s just not realistic.
Large insurance companies and a partial list of their discounts are shown below.
- Progressive includes discounts for multi-policy, online signing, good student, online quote discount, and homeowner.
- The Hartford may include discounts for good student, vehicle fuel type, anti-theft, driver training, defensive driver, and air bag.
- Mercury Insurance may have discounts that include type of vehicle, ease of repair, accident-free, good student, good driver, age of vehicle, and location of vehicle.
- GEICO offers premium reductions for anti-lock brakes, anti-theft, five-year accident-free, driver training, membership and employees, military active duty, and daytime running lights.
- AAA policyholders can earn discounts including multi-policy, anti-theft, good driver, good student, pay-in-full, and multi-car.
- State Farm may offer discounts for multiple autos, safe vehicle, good student, driver’s education, student away at school, and passive restraint.
Before purchasing a policy, check with every insurance company what discounts are available to you. Savings might not be available to policyholders in every state.
More quotes mean more auto insurance savings
As you restructure your insurance plan, you should never skimp on critical coverages to save a buck or two. In many cases, an insured cut physical damage coverage only to find out that their decision to reduce coverage ended up costing them more. Your goal is to find the BEST coverage at the best cost and still be able to protect your assets.
Budget-friendly auto insurance in Lincoln is attainable online in addition to many Lincoln insurance agents, so you should compare both to get a complete price analysis. Some companies may not provide the ability to get quotes online and usually these smaller providers only sell coverage through independent insurance agencies.
Steps to finding better rates for Pontiac GTO insurance in Lincoln
The best way to find low-cost Pontiac GTO insurance in Lincoln is to do an annual price comparison from insurers who provide auto insurance in Nebraska. Drivers can shop around by following these guidelines.
- Step 1: Try to comprehend how companies price auto insurance and the changes you can make to keep rates down. Many things that cause high rates such as traffic tickets, fender benders, and a less-than-favorable credit score can be controlled by making minor changes to your lifestyle.
- Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or State Farm, while independent agents can provide rate quotes from multiple sources.
- Step 3: Compare the quotes to your current policy premium and see if there is a cheaper rate in Lincoln. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Provide written notification to your current company to cancel the current policy and submit payment and a signed application to your new company or agent. As soon as you can, safely store the certificate of insurance in your vehicle.
An essential thing to point out is that you’ll want to make sure you compare similar limits and deductibles on each quote and and to get prices from as many auto insurance providers as possible. Doing this provides a fair price comparison and a complete rate analysis.
For more information, feel free to browse these articles:
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Who Has Cheap Car Insurance Rates for a Nissan Altima in Lincoln? (FAQ)
- Who Has the Cheapest Car Insurance for Hybrid Vehicles in Lincoln? (FAQ)
- Who Has Affordable Auto Insurance Rates for Drivers Requiring a SR22 in Lincoln? (FAQ)
- How Much is Auto Insurance for a Honda Civic in Lincoln? (FAQ)
- How Much is Car Insurance for Uber Drivers in Lincoln? (FAQ)
- Who Has Cheap Auto Insurance Rates for Homeowners in Lincoln? (FAQ)
- Vehicle Safety Ratings (iihs.org)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Winter Driving (Insurance Information Institute)