To save the most money, the best way to find discount Pontiac GTO insurance is to compare prices annually from insurance carriers that insure vehicles in Tampa. Price quotes can be compared by completing these steps.
First, try to learn about car insurance and the things you can change to prevent rate increases. Many rating factors that increase rates like getting speeding tickets and an imperfect credit history can be amended by making minor driving habit or lifestyle changes.
Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like Progressive or State Farm, while agents who are independent can quote rates from multiple sources.
Third, compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in Tampa. If you find a better price and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, tell your current agent or company to cancel your current policy and submit a down payment along with a signed application to your new company or agent. Once the paperwork is finalized, store the certificate verifying coverage somewhere easily accessible.
One thing to remember is to try to use similar coverage information on every quote request and and to get prices from every insurance company. Doing this ensures a fair price comparison and a thorough selection of prices.
We don’t have to tell you that auto insurance companies don’t want their policyholders to compare prices. People who get price quotes annually are highly likely to switch companies because they have good chances of finding a lower rate. A survey found that drivers who routinely shopped for cheaper coverage saved on average $72 a month compared to other drivers who don’t make a habit of comparing rates.
If finding the best price on insurance is your ultimate target, then having a grasp of the best way to compare insurance coverage can help make the process easier.
Six Things That Determine Your Insurance Rates
Many different elements are considered when you get a price on insurance. Some of the criteria are obvious like a motor vehicle report, but other criteria are more obscure like where you live or your financial responsibility.
Listed below are some of the most common factors used by companies to determine prices.
How many coverages with the same company – Lots of insurance companies will give a discount to clients who buy several policies from them. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even if you already get this discount, consumers should still compare other company rates to verify if the discount is saving money.
More stress means more cost – Careers such as doctors, social workers, and accountants usually pay higher rates than average due to job stress and lots of time spent away from family. On the flip side, professions such as scientists, athletes and homemakers pay lower than average rates.
Car features that lower prices – Selecting a car model with advanced anti-theft systems can get you a discount on your car insurance. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop auto theft.
Are women or men drivers cheaper? – Over the last 50 years, statistics have shown females are less aggressive when driving. Now that doesn’t mean men are WORSE drivers than women. Males and females tend to get into auto accidents at about the same rate, but males cause more damage and cost insurance companies more money. In addition to higher claims, males also get more serious tickets like DUI and reckless driving. Young males generally have the highest accident percentage so they pay the highest premiums.
Only buy what you need – There are many extra bells and whistles you can purchase if you aren’t careful. Insurance for coverage for rental cars, accident forgiveness, and extra life insurance coverage may be costing you every month. The coverages may be enticing when buying your policy, but if you don’t need them eliminate them to save money.
Youthful drivers pay more – More mature drivers have been proven to be more responsible, are lower risk to insure, and usually have better credit. Inexperience drivers are statistically shown to get distracted easily when behind the wheel therefore car insurance rates are much higher.
Insurance policy discounts for Pontiac GTO insurance in Tampa
Companies offering auto insurance don’t list all possible discounts very clearly, so the following list contains some of the best known and the harder-to-find credits that you can use to lower your rates. If you aren’t receiving every discount you deserve, you are not getting the best rate possible.
- Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems may get savings of 25 to 30%.
- Discounts for Government Workers – Employees or retirees of the government can earn a discount up to 10% depending on your insurance provider.
- Buy New and Save – Buying insurance coverage on a new vehicle can cost up to 25% less since newer models have better safety ratings.
- Homeowners Savings – Just being a homeowner can earn you a little savings because of the fact that having a home requires personal responsibility.
- Anti-theft Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft and will qualify for a discount on a Tampa auto insurance quote.
As a footnote on discounts, most discount credits are not given to the whole policy. Most only apply to the cost of specific coverages such as medical payments or collision. So when the math indicates all those discounts means the company will pay you, insurance companies aren’t that generous.
Car insurance companies that possibly offer these discounts are:
When getting free Tampa auto insurance quotes, it’s a good idea to each company the best way to save money. Some of the discounts discussed earlier may not apply to policyholders in Tampa. If you would like to view insurers who offer discounts in Tampa, click here to view.
Persistence is the key to cheap rates
Insureds change insurance companies for many reasons like delays in paying claims, lack of trust in their agent, policy cancellation and policy non-renewal. Regardless of your reason, switching companies can be less work than you think.
Budget-friendly insurance in Tampa is available on the web and with local Tampa insurance agents, so you should compare both to have the best selection. Some insurance companies may not offer the ability to get quotes online and these smaller companies work with independent agents.
We just presented a lot of ways to lower your Pontiac GTO insurance rates in Tampa. The key concept to understand is the more companies you get car insurance rates for, the higher the chance of saving money. You may even find the lowest rates are with the least-expected company.
More learning opportunities
- Liability Insurance Coverage (Nationwide)
- Who Has the Cheapest Car Insurance Quotes for Drivers Under 25 in Tampa? (FAQ)
- Child Safety FAQ (iihs.org)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)