Lower Your 1999 GMC Sierra Classic 1500 Insurance Cost

Are you burned out from sacrificing to make your insurance payment? You are in the same boat as most other drivers.

Drivers have multiple car insurance companies to choose from, and though it is a good thing to be able to choose, so many choices can make it hard to find the best rates.

Finding the best rates is not rocket science. Just about everyone who carries insurance stands a good chance to be able to reduce their rates. But drivers should learn how big insurance companies determine prices because it can help you find the best coverage.

Lower insurance rates with these tips

It’s important that you understand some of the things that go into determining your premiums. If you know what influences your rates, this helps enable you to make changes that will entitle you to lower insurance prices.

The itemized list below are just a few of the factors used by insurance companies to determine premiums.

• Where you live – Choosing to live in a rural area may provide you with better prices when it comes to insurance. Fewer drivers on the road means reduced accidents in addition to fewer liability claims. Drivers who live in large cities have congested traffic and longer commute times. Higher commute times can result in more accidents.
• Rates can drop if you have more than one policy – Many insurance companies afford a discount to policyholders that have more than one policy. It’s known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even with this discount, you may still want to get quotes from other companies to help ensure you have the lowest rates.
• Add-on coverages can cost a lot – Policies have extra coverages that may not really be needed if you aren’t careful. Coverage for things like rental car reimbursement, accident forgiveness, and term life insurance may not be needed and are just wasting money. These coverages may sound good when deciding what coverages you need, but if you have no use for them get rid of them and save.
• The higher your credit history the lower your premiums – Your credit score is likely to be a major factor in calculating your insurance rates. Insureds with excellent credit scores tend to be less risk to insure as compared to drivers with lower ratings. If your credit is low, you could pay less to insure your 1999 GMC Sierra Classic 1500 if you improve your credit rating.
• Drive less and pay lower prices – The higher the miles on your GMC in a year the more you’ll pay to insure your vehicle. Many insurance companies calculate rates partially by how you use the vehicle. Autos that have low annual miles can get a lower rate as compared to vehicles used primarily for driving to work. An incorrectly rated Sierra Classic 1500 can result in significantly higher rates. It’s a smart idea to ensure your insurance policy is rated on the correct driver usage, because it can save money.
• Stress out and pay more – Do you have a high-stress occupation? Occupational choices like real estate brokerspolice officers and emergency personnel usually pay higher premium rates because of high stress and long work days. Conversely, jobs such as actors, students and homemakers pay lower than average rates on Sierra Classic insurance.

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Find hidden discounts on auto insurance

Auto insurance companies don’t always list every policy discount very clearly, so below is a list a few of the more common and the harder-to-find discounts that you can inquire about if you buy auto insurance online.

• Own a Home – Being a homeowner may earn you a small savings because it requires personal responsibility.
• Student Driver Training – Have your child enroll and complete driver’s education as it can save substantially.
• Early Renewal Discounts – Select insurance companies give a discount for switching companies prior to your current policy expiring. The savings is around 10%.
• Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less on Sierra Classic insurance as compared to drivers with claims.
• Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up before driving can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
• Military Rewards – Being on active duty in the military could be rewarded with lower rates.

As a footnote on discounts, some of the credits will not apply to the entire cost. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, nobody gets a free ride.

A list of companies and their possible discounts can be found below.

• State Farm may include discounts for good student, Drive Safe & Save, accident-free, defensive driving training, multiple policy, anti-theft, and student away at school.
• American Family policyholders can earn discounts including defensive driver, good driver, air bags, Steer into Savings, bundled insurance, and mySafetyValet.
• Geico offers premium reductions for daytime running lights, membership and employees, multi-vehicle, multi-policy, anti-theft, and five-year accident-free.
• 21st Century has savings for air bags, automatic seat belts, theft prevention, driver training, student driver, and teen driver.
• Progressive offers discounts for online quote discount, good student, multi-policy, multi-vehicle, continuous coverage, online signing, and homeowner.

Double check with each company to apply every possible discount. Discounts may not be available in your area. To choose providers who offer discounts, click this link.

Car insurance ads are enticing

Big name companies like State Farm, Allstate and Geico consistently run ads in print and on television. They all seem to make the promise about savings just by moving your coverage to them. How does every car insurance company charge lower premium rates? Here is how they do it.

All companies can use profiling for the right customer that will be a good risk. A good example of a driver they prefer may need to be between the ages of 30 and 50, carries full coverage, and has great credit. A propective insured that meets those criteria will most likely get cheap premium rates and will most likely save a lot if they switch.

Insureds who do not fit the requirements will have to pay higher premiums and this can result in business going elsewhere. If you pay close attention to the ads, they say “customers who switch” not “everyone who quotes” save the amount stated. That’s the way companies can truthfully claim big savings. Different companies use different criteria so you should compare rate quotes every year. You cannot predict with any certainty which company will provide the lowest prices.

Tailor your auto insurance coverage to you

When choosing coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is unique so this has to be addressed. These are some specific questions might help in determining if your insurance needs will benefit from professional help.

• Do I have any recourse if my insurance company denies a claim?
• What if I total my 1999 GMC Sierra Classic 1500 and owe more than it’s worth?
• Will filing a claim cost me more?
• Does insurance cover tools stolen from my truck?
• Can my teen drive my company car?
• Is upholstery damage covered by car insurance?
• Is my cargo covered for damage or theft?
• Is rental equipment covered for theft or damage?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

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Information about specific coverages

Learning about specific coverages of your policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverages offered by car insurance companies.

Uninsured or underinsured coverage – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Comprehensive protection – This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, damage from a tornado or hurricane, theft and damage from flooding. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like rehabilitation expenses, doctor visits, surgery and dental work. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Collision coverages – Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like hitting a mailbox, rolling your car, damaging your car on a curb and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Liability car insurance – This coverage can cover injuries or damage you cause to other’s property or people in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability can pay for claims like court costs, repair costs for stationary objects and structural damage. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Coverage on a shoestring budget

We covered a lot of information how to compare 1999 GMC Sierra Classic 1500 insurance prices online. The key concept to understand is the more providers you compare, the higher the chance of saving money. You may even find the biggest savings come from a lesser-known regional company. These companies may only write in your state and offer lower rates as compared to the big name companies such as State Farm, Geico and Nationwide.

As you restructure your insurance plan, you should never skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced liability coverage limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. The aim is to get the best coverage possible for the lowest price while not skimping on critical coverages.

More information can be found at these links:

• Airbag FAQ (iihs.org)
• Who Has Affordable Columbus Auto Insurance for a GMC Sierra? (ColumbusCoverage.com)
• Older Drivers FAQ (iihs.org)
• Auto Theft Statistics (Insurance Information Insitute)
• Prom Night Tips for Teen Drivers (State Farm)

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