Save Money on Pontiac Vibe Insurance in El Paso

The preferred way to find discount Pontiac Vibe insurance in El Paso is to compare prices annually from companies in Texas.

• First, try to understand auto insurance and the factors you can control to prevent high rates. Many risk factors that drive up the price such as accidents, traffic tickets, and a not-so-good credit rating can be rectified by improving your driving habits or financial responsibility.
• Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO and State Farm, while agents who are independent can quote prices for a wide range of companies. View a list of agents
• Third, compare the price quotes to your current policy to see if a cheaper price is available. If you find a lower rate and change companies, make sure coverage is continuous and does not lapse.
• Fourth, provide proper notification to your current company of your intention to cancel your current policy and submit a signed application and payment for the new coverage. Immediately upon receiving it, keep your new proof of insurance paperwork in an easily accessible location in your vehicle.

An important bit of advice to remember is that you use similar coverage information on every quote and and to get price quotes from every company you can. This guarantees the most accurate price comparison and a complete price analysis.

A recent NerdWallet.com study revealed that the majority of drivers have remained with the same insurance company for well over three years, and almost half have never quoted rates to find lower-cost coverage. American consumers could save themselves roughly $860 a year by just comparing rate quotes, but most just don’t grasp how much savings they would realize if they bought a different policy.

Educated Choices Result in Lower Insurance Prices

Many different elements are part of the calculation when pricing auto insurance. Most are fairly basic like a motor vehicle report, but some are less apparent such as your marital status or your financial responsibility. The best way to find cheaper car insurance is to take a look at some of the elements that go into determining your premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that will entitle you to better car insurance rates.

The following are some of the most common factors car insurance companies consider when setting prices.

• Raising coverage deductibles saves money – The deductibles you choose define how much you are willing to pay if a covered claim is submitted. Protection for physical damage, also called ‘full coverage’, insures against damage to your car. Examples of some claims that would be covered could be a windshield broken by a bird, vandalism, and damage from wind. The more money you choose to pay out-of-pocket, the less your car insurance will be.

• Rates go up with performance – The performance level of the car you are buying insurance for makes a substantial difference in determining your rates. Economy passenger cars usually are quite affordable to insure, but that’s not the only thing that factors into the final price.

  The next chart uses these assumptions: single female driver age 20, full coverage with $500 deductibles, and no discounts or violations. It shows Pontiac Vibe car insurance rates compared to other models of vehicles that have a range of performances.

• Policy add-ons add up – There are a lot of extra coverages that you can buy when buying car insurance. Coverages for vanishing deductibles, high-cost glass coverage, and term life insurance are probably not needed. They may sound like good ideas when discussing your needs, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
• Rate your vehicle for proper use – The more you drive annually the more it will cost to insure it. A lot of insurance companies calculate prices determined by how the vehicle is used. Cars and trucks that are left in the garage cost less to insure than those used for commuting. Having an incorrect usage rating on your Vibe can result in significantly higher rates. Ask your agent if your car insurance policy is showing the right rating data, because improper ratings can cost you money.
• Safer vehicles cost less to insure – Vehicles with good safety scores tend to have lower insurance rates. Vehicles engineered for safety help reduce the chance of injuries in an accident and fewer injuries means less claims paid and cheaper rates on your policy.

• Avoid tickets and save – Even one speeding ticket or other violation may cause rates to rise substantially. Drivers with clean records pay less for auto insurance compared to bad drivers. Drivers unfortunate enough to have multiple citations such as reckless driving, hit and run or driving under the influence are required to submit a SR-22 form with their state DMV in order to drive a vehicle legally.

  The illustration below illustrates how traffic citations and at-fault claims impact Pontiac Vibe auto insurance rates for different age groups of insureds. The price estimates are based on a single male driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

• Does your occupation raise your premiums? – Occupations such as military personnel, executives, and accountants have the highest average rates in part from intense work requirements and long work hours. On the flip side, occupations like actors, athletes and homemakers generally pay rates lower than average.
• Where you live factors in – Being located in areas with lower population may provide you with better prices when trying to find low car insurance rates. Fewer drivers on the road translates into fewer accident claims. People in densely populated areas tend to have more auto accidents and a longer drive to work. More time behind the wheel means more chance of being in an accident.

Data for Pontiac Vibe insurance

The table shown below outlines a range of rate quotes for Pontiac Vibe models. Being more informed about how car insurance premiums are established helps drivers make informed decisions when comparing rates.

Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Prices do not factor in your specific El Paso location which can raise or lower auto insurance rates greatly.

Should you raise deductibles?

One of the more difficult decisions when buying insurance is which comprehensive and collision deductibles to buy. The comparisons below highlight how much more rates are between low and high physical damage deductibles. The first rate table uses a $100 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate information does not factor in vehicle location which can change coverage rates substantially.

Based on the data above, we can derive that using a $100 deductible will cost you approximately $40 more each month or $480 a year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 23 months between claims, you would save money by selecting a higher deductible.

The chart below shows how choosing a deductible and can influence Pontiac Vibe insurance rates for each age group. The rate quotes are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

Gender-based insurance rates

The illustration below compares Pontiac Vibe insurance rates for male and female drivers. The prices are based on no violations or claims, comp and collision included, $1,000 deductibles, drivers are single, and no policy discounts are applied.

Car insurance discounts are available to cut your rates

Some insurance providers don’t always publicize the entire discount list very well, so here is a list some of the more common and the more hidden credits that you can use to lower your rates.

• Braking Control Discount – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more on Vibe insurance in El Paso.
• Passenger Safety Discount – Cars that have air bags or motorized seat belts can qualify for discounts of 25 to 30%.
• Anti-theft System – Vehicles with anti-theft systems help deter theft and will save you 10% or more on Vibe insurance in El Paso.
• Life Insurance Discount – If the company offers life insurance, you could get better rates if you take out life insurance.
• Onboard Data Collection – People who choose to allow driving data collection to monitor driving habits remotely like Allstate’s Drivewise might get better premium rates as long as they are good drivers.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most only cut the price of certain insurance coverages like comprehensive or collision. Despite the appearance that it’s possible to get free car insurance, you’re out of luck. Any amount of discount should help lower your policy premium.

The illustration below visualizes the comparison of Pontiac Vibe yearly insurance costs with and without discounts applied to the rates. The information is based on a male driver, no violations or accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, multi-car, marriage, safe-driver, and claim-free discounts applied.

Companies and a selection of discounts are shown below.

• Farmers Insurance policyholders can earn discounts including good student, pay in full, teen driver, multi-car, electronic funds transfer, and business and professional.
• Esurance discounts include defensive driver, anti-theft, online quote, multi-car, and good student.
• State Farm may offer discounts for anti-theft, Drive Safe & Save, good driver, Steer Clear safe driver discount, and multiple policy.
• GEICO offers discounts including emergency military deployment, military active duty, multi-policy, defensive driver, and driver training.
• Allstate has savings for eSmart discount, premier plus, good student, 55 and retired, EZ pay plan discount, multi-policy, and early signing.

When getting a coverage quote, ask each insurance company what discounts are available to you. Some discounts listed above may not apply to policies in your area. To see a list of providers that provide some of the discounts listed above in Texas, click here to view.

One last thing to lower rates

We just presented many tips how you can get a better price on Pontiac Vibe insurance in El Paso. The most important thing to understand is the more companies you get prices for, the better your chances of lowering your prices. Drivers may even discover the best premium rates are with the least-expected company. Regional companies may only write in your state and offer lower prices compared to the large companies like GEICO and State Farm.

When buying insurance coverage, don’t be tempted to skimp on critical coverages to save a buck or two. In many cases, someone sacrificed liability coverage limits to discover at claim time that they should have had better coverage. The goal is to find the BEST coverage at the best cost but still have enough coverage for asset protection.

Cheap Pontiac Vibe insurance in El Paso is possible from both online companies in addition to local insurance agencies, so you should compare both in order to have the best chance of saving money. Some insurance providers don’t offer price quotes online and these smaller providers sell through local independent agencies.

Other articles

• Alcohol Impaired Driving FAQ (iihs.org)
• Safety Features for Your New Car (State Farm)
• Rollover Crash FAQ (iihs.org)
• How to Avoid Buying a Flooded Car (Insurance Information Institute)