Are you doing reasearch to find cheaper insurance rates in Chicago, IL? Chicago buyers have many options when searching for the best price on Pontiac G5 insurance. They can either waste time struggling with agents getting price quotes or utilize the internet to find the lowest rates. There are both good and bad ways to find insurance online so we’re going to tell you the best way to get price quotes for your Pontiac and obtain the best price possible either online or from Chicago insurance agents.
It’s a good idea to do price comparisons as often as possible because insurance rates are usually higher with each renewal. If you had the best premium rates on Pontiac G5 insurance in Chicago last year you may be paying too much now. Don’t believe everything you read about G5 insurance on the web, but you can learn some good information on how to reduce your insurance bill.
Locating the most cost-effective car insurance policy in Chicago is quite easy. If you are insured now, you will be able to reduce the price you pay using the concepts you’re about to learn. Shoppers only need to know the tricks to get comparison quotes online.
Cheaper Pontiac G5 insurance in Chicago
Properly insuring your vehicles can get expensive, but there could be available discounts that may help make it more affordable. A few discounts will be applied at the time you complete a quote, but less common discounts must be requested specifically prior to receiving the credit.
- Low Mileage Discounts – Driving fewer miles may enable drivers to earn substantially lower rates.
- Early Switch Discount – Select insurance companies give a discount for switching policies early. The savings is around 10%.
- No Claims – Insureds with no claims or accidents can earn big discounts as opposed to policyholders that have many claims.
- Good Grades Discount – Performing well in school can earn a discount of 20% or more. Most companies allow this discount up until you turn 25.
- ABS Brakes – Cars, trucks, and SUVs with anti-lock braking systems can avoid accidents so you can save 10 percent or more.
- Discounts for Good Drivers – Insureds who avoid accidents can save up to 40% or more on their Chicago auto insurance quote than drivers with accident claims.
Remember that some credits don’t apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you could get a free auto insurance policy, company stockholders wouldn’t be very happy. But all discounts will lower the cost of coverage.
A few popular companies and some of the premium reductions they offer can be found below.
- Progressive may offer discounts for online signing, online quote discount, multi-policy, continuous coverage, homeowner, good student, and multi-vehicle.
- MetLife offers discounts including accident-free, multi-policy, good student, good driver, and defensive driver.
- Mercury Insurance discounts include multi-car, anti-theft, good driver, annual mileage, good student, and professional/association.
- Nationwide has discounts for defensive driving, easy pay, multi-policy, anti-theft, good student, family plan, and business or organization.
- GEICO includes discounts for air bags, anti-lock brakes, emergency military deployment, multi-policy, and multi-vehicle.
- AAA may include discounts for good driver, multi-policy, good student, multi-car, education and occupation, and AAA membership discount.
Before purchasing a policy, check with each company or agent which discounts can lower your rates. A few discounts might not apply in Chicago.
The providers in the list below are our best choices to provide price comparisons in Chicago, IL. If the list has multiple companies, we recommend you compare several of them in order to get a fair rate comparison.
Insurance agent or online?
Some people just prefer to talk to an insurance agent and that can be a smart move Insurance agents are trained risk managers and will help you if you have claims. An additional benefit of comparing rate quotes online is that you can obtain cheap auto insurance rates but also keep your business local.
Once you complete this form (opens in new window), the coverage information is instantly submitted to insurance agents in Chicago that can provide free Chicago auto insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to search for an agent because prices are sent instantly to you. If for some reason you want to compare rates for a specific company, you would need to navigate to their website and complete a quote there.
Finding the right insurance company is decision based upon more than just a cheap price quote. Here are some questions you might want to ask.
- Does the agent help file claims?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Are they primarily personal or commercial lines agents in Chicago?
- Will their companies depreciate repairs to your car based on the mileage?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- How many years have they been established?
Insurance agent types
If you need to find a local Chicago insurance agency, you should know the types of insurance agents and how they function. Agencies in Chicago are categorized either exclusive or independent. Both types of agents can sell auto insurance policies, but we need to point out why they differ since it can affect your selection of an agent.
Exclusive Auto Insurance Agents
Exclusive agencies are contracted to one company such as State Farm, Allstate, and Farm Bureau. Exclusive agents cannot compare other company’s rates so you might not find the best rates. These agents are well trained in insurance sales and that can be a competitive advantage. A lot of people buy from the same agent for years mainly due to the prominent brand name rather than having low rates.
Shown below is a short list of exclusive agencies in Chicago willing to provide price quote information.
- Judith Gleason – State Farm Insurance Agent
2643 N Harlem Ave – Chicago, IL 60707 – (773) 637-8547 – View Map - Roni Siegel – State Farm Insurance Agent
860 N Clark St – Chicago, IL 60610 – (312) 751-0500 – View Map - Bill Dillard – State Farm Insurance Agent
516 W Diversey Pkwy – Chicago, IL 60614 – (773) 549-2605 – View Map
Independent Auto Insurance Agencies
Agents that choose to be independent are not restricted to one company so they have the ability to put coverage through many companies and help determine which has the cheapest rates. To move your coverage to a new company, your agent can switch companies and you don’t have to find a new agent. When searching for an agent, it’s recommended you get insurance quotes from several independent agencies so that you can do a thorough price comparison. Most also have access to less well-known companies which may have better rates.
Below are Chicago independent insurance agencies that are able to give comparison quotes.
- AArdvark Insurance Agency
1228 W Wilson Ave – Chicago, IL 60640 – (773) 961-8781 – View Map - Thomas Ward Insurance Group
707 W Willow St – Chicago, IL 60614 – (312) 254-1500 – View Map - Amigo Insurance Agency
5902 W Fullerton Ave – Chicago, IL 60639 – (877) 999-2644 – View Map
Auto insurance is not optional in Illinois
Despite the high insurance cost for a Pontiac G5 in Chicago, buying auto insurance is required in Illinois but also provides important benefits.
First, most states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability in order to license the vehicle. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you have a loan on your Pontiac G5, it’s guaranteed your bank will make it mandatory that you buy insurance to protect their interest in the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Pontiac at a much higher premium rate and force you to pay for the expensive policy.
Third, auto insurance preserves both your vehicle and your assets. It also can pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of buying enough insurance definitely exceed the cost, especially with large liability claims. The average driver in America overpays more than $855 a year so it’s very important to do a rate comparison each time the policy renews to save money.
Information about specific coverages
Understanding the coverages of insurance can help you determine which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and coverage can change by endorsement.
Liability auto insurance
This coverage provides protection from damages or injuries you inflict on other’s property or people in an accident. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 20/40/15 that means you have $20,000 in coverage for each person’s injuries, a limit of $40,000 in injury protection per accident, and a total limit of $15,000 for damage to vehicles and property.
Liability insurance covers claims like medical expenses, bail bonds, loss of income and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford. Illinois state law requires minimum liability limits of 20/40/15 but drivers should carry more coverage.
Collision protection
This will pay to fix damage to your G5 caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as hitting a parking meter, colliding with another moving vehicle, sustaining damage from a pot hole, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible on your G5 to save money on collision insurance.
Comprehensive protection
This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like a broken windshield, theft, damage from a tornado or hurricane, damage from getting keyed and vandalism. The most a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured or underinsured coverage
Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your Pontiac G5.
Due to the fact that many Illinois drivers only carry the minimum required liability limits (Illinois limits are 20/40/15), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as X-ray expenses, pain medications and chiropractic care. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
One last thing about your coverage
Some insurance companies may not have price quotes online and many times these small insurance companies sell through independent insurance agents. Cost effective Pontiac G5 insurance is attainable both online in addition to many Chicago insurance agents, and you should compare rates from both in order to have the best price selection to choose from.
We just presented many tips how you can reduce Pontiac G5 insurance rates online in Chicago. The key concept to understand is the more quotes you get, the better your chances of lowering your auto insurance rates. You may even discover the most savings is with a lesser-known regional company.
As you quote Chicago auto insurance, never buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced uninsured motorist or liability limits and learned later they didn’t purchase enough coverage. Your goal should be to get the best coverage possible at an affordable rate while still protecting your assets.
Helpful resources
- Choosing an Insurance Company (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Rates for a Ford Explorer in Chicago? (FAQ)
- Who Has Cheap Auto Insurance for College Students in Chicago? (FAQ)
- Who Has Cheap Car Insurance Rates for Good Drivers in Chicago? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Low Credit Scores in Chicago? (FAQ)
- How Much is Chicago Car Insurance for Electric Cars? (FAQ)
- Driving in Bad Weather (Insurance Information Institute)
- Older Driver Statistics (Insurance Information Institute)