Compare Pontiac Vibe Insurance Quotes in Louisville

Really, the only way to find low-cost prices for Pontiac Vibe insurance in Louisville is to compare prices once a year from different companies who sell auto insurance in Kentucky. This can be done by following these guidelines.

  1. Take a few minutes and learn about what coverages are included in your policy and the things you can control to keep rates in check. Many risk factors that are responsible for high rates such as traffic violations, accidents, and your credit history can be eliminated by making minor driving habit or lifestyle changes. Later in this article we will cover ideas to get lower rates and get bigger discounts.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO or Farmers Insurance, while independent agencies can provide prices from multiple sources.
  3. Compare the new quotes to your existing rates to see if a cheaper price is available. If you find better rates, ensure coverage does not lapse between policies.
  4. Provide notification to your current company of your intention to cancel your current policy and submit a signed application and payment to the new company. Once received, put the certificate of insurance in an accessible location in your vehicle.

One important bit of advice is to try to compare identical coverage information on each quote and and to get quotes from as many different companies as possible. Doing this ensures an accurate price comparison and plenty of rates choose from.

Insurance quote for Pontiac Vibe in LouisvilleIt’s safe to conclude that auto insurance companies don’t want you comparing rates. Drivers who shop around for a cheaper policy will most likely buy a new policy because they have a good chance of finding a policy with better rates. A study showed that people who did price comparisons regularly saved an average of $3,500 over four years as compared to drivers who don’t make a habit of comparing rates.

If finding discount rates on Pontiac Vibe insurance in Louisville is why you’re reading this, then having a good understanding how to find and compare insurance rates can save money and time.

Auto insurance data for a Pontiac Vibe

The coverage table shown below outlines a range of insurance costs for Pontiac Vibe models. Understanding more about how policy rates are formulated can help guide drivers when making smart choices when comparing insurance rates.

Pontiac Vibe Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Vibe 1.8 $120 $222 $260 $16 $78 $696 $58
Vibe 2.4 $120 $222 $260 $16 $78 $696 $58
Vibe AWD $136 $262 $260 $16 $78 $752 $63
Vibe GT $136 $262 $260 $16 $78 $752 $63
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in specific location which can change prices significantly.

Deductible analysis

A question often asked by Louisville drivers is how high or low should comp and collision deductibles be. The rates shown below help summarize the rate fluctuation when you choose different deductibles. The first rate estimation uses a $100 physical damage deductible and the second price chart uses a $500 deductible.

Pontiac Vibe insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Vibe 1.8 $280 $508 $278 $16 $84 $1,191 $99
Vibe 2.4 $280 $508 $278 $16 $84 $1,191 $99
Vibe AWD $318 $598 $278 $16 $84 $1,319 $110
Vibe GT $318 $598 $278 $16 $84 $1,319 $110
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Pontiac Vibe insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Vibe 1.8 $206 $342 $278 $16 $84 $926 $77
Vibe 2.4 $206 $342 $278 $16 $84 $926 $77
Vibe AWD $232 $404 $278 $16 $84 $1,014 $85
Vibe GT $232 $404 $278 $16 $84 $1,014 $85
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Information does not factor in specific Louisville garaging location which can influence rates considerably.

Based on the data above, we can derive that using a $100 deductible will cost you approximately $24 more each month or $288 each year than requesting the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 17 months between claims, you would come out ahead by selecting a higher deductible. The numbers below show the way you can make this decision for your own policy.

Average monthly premium for $100 deductibles: $105
Average monthly premium for $500 deductibles (subtract): – $81
Monthly savings from raising deductible: $24
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

The information below demonstrates how deductibles and can raise or lower Pontiac Vibe annual premium costs for different insured age categories. The costs are based on a married male driver, comp and collision included, and no discounts are taken into consideration.

Pontiac Vibe insurance rates by gender

The example below shows the comparison of Pontiac Vibe car insurance rates for male and female drivers. Data assumes a clean driving record, no at-fault accidents, comp and collision included, $1,000 deductibles, single status, and no discounts are applied.

Don’t overlook these five Pontiac Vibe insurance discounts

Some insurers do not advertise the entire discount list in an easy-to-find place, so the below list has some of the best known and the more hidden credits that you can use to lower your rates.Cheaper auto insurance with discounts

It’s important to understand that most credits do not apply to the whole policy. Most only cut the cost of specific coverages such as comprehensive or collision. Despite the fact that it seems like you would end up receiving a 100% discount, you’re out of luck.

The example below illustrates the comparison of Pontiac Vibe insurance prices with and without policy discounts. The costs are based on a male driver, no claims, a clean driving record, Kentucky state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, claim-free, multi-car, multi-policy, and safe-driver discounts applied.

A few popular companies and a partial list of their discounts are shown below.

It’s a good idea to ask every company what discounts are available to you. All car insurance discounts may not apply to policies in your state.

Car insurance coverages and their meanings

Knowing the specifics of car insurance can be of help when determining the right coverages for your vehicles. Car insurance terms can be confusing and reading a policy is terribly boring. Listed below are the usual coverages found on the average car insurance policy.

Auto liability insurance

This protects you from injuries or damage you cause to people or other property by causing an accident. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/10 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $10,000 for damage to vehicles and property.

Liability insurance covers things such as attorney fees, legal defense fees and repair costs for stationary objects. How much liability should you purchase? That is up to you, but you should buy higher limits if possible. Kentucky state law requires minimum liability limits of 25/50/10 but it’s recommended drivers buy more liability than the minimum.

The chart below shows why minimum state limits may not be enough.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like rehabilitation expenses, nursing services and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your Pontiac Vibe.

Because many people only carry the minimum required liability limits (25/50/10 in Kentucky), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Comprehensive protection

This pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like theft, fire damage and damage from flooding. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision coverage pays for damage to your Vibe caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like sustaining damage from a pot hole, backing into a parked car, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible on your Vibe to save money on collision insurance.

Kentucky car insurance companies

Picking the top auto insurance company can be challenging considering how many companies sell coverage in Louisville. The company ratings shown below can help you decide which car insurance companies you want to consider comparing rate quotes with.

Top 10 Louisville Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Cheap auto insurance rates are possible

As you prepare to switch companies, make sure you don’t buy lower coverage limits just to save a few bucks. There have been many cases where someone dropped physical damage coverage only to discover later they didn’t purchase enough coverage. The goal is to purchase a proper amount of coverage at an affordable rate and still be able to protect your assets.

Budget-conscious Pontiac Vibe insurance is definitely available online in addition to local insurance agencies, and you should compare rates from both to have the best rate selection. Some insurance providers may not have online price quotes and usually these smaller providers work with independent insurance agents.

More tips and info about auto insurance can be found in the articles below: