Lower Your 2000 GMC Sierra 1500 Insurance Cost

Trying to find better insurance rates for your GMC Sierra 1500? Overpriced insurance can consume your savings account and make it impossible to make ends meet. Comparing rates annually can lower your rates and help to cut your insurance bill.

Many auto insurance companies compete for your hard-earned dollar, so it’s not easy to compare every company and uncover the absolute cheapest price

If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. Finding affordable coverage is easy if you know what you’re doing. Nevertheless, drivers should learn the way companies market on the web.

Compare quotes for auto insurance

To find cheap rates, there are a couple of ways to compare rate quotes from all the different companies. The easiest way to find the lowest GMC Sierra 1500 rates consists of obtaining rate quotes online. This is quite simple and can be completed in just a few minutes using one of these methods.

1. The most efficient way to find low rates would be an industry-wide quote request form click to view form in new window. This quick form eliminates the need for multiple quote forms to each individual auto insurance company. A single form gets insurance cost estimates from many national carriers.
2. A slightly less efficient method to get quotes online requires a trip to each company’s website to complete their respective quote request forms. For sake of this example, we’ll assume you want to view quotes from Nationwide, Allstate and Travelers. In order to compare rates, you need to spend time on each company’s site and punch in your information repeatedly, which is why the first method is more popular.

   To view a list of companies in your area, click here.

3. The final way to get rate quotes is calling or driving to insurance agents’ offices. The fact that you can get quotes online has made agencies unnecessary unless you require the trained advice of a licensed agent. It is possible with some companies compare online quotes and get advice from an agent in your area.

You can use whichever method you prefer to find lower rates, just make sure you compare apples-to-apples coverages with every price quote. If the quotes have different limits and deductibles on each one you will not be able to determine which rate is truly the best. Slightly different coverages may result in a large different in cost. Just remember that having more price comparisons helps increase your odds of locating more affordable rates.

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Take advantage of every auto insurance discount

Some insurers do not list every policy discount in a way that’s easy to find, so the next list breaks down a few of the more well known in addition to some of the lesser obvious discounts that you may qualify for.

• Paper-free Discount – Some of the larger companies will give you a small discount for buying your policy on the web.
• Discounts for New Vehicles – Buying coverage on a new vehicle can be considerably cheaper due to better safety requirements for newer models.
• Discount for Life Insurance – If the company offers life insurance, you could get a lower rate if you buy a life policy as well.
• Anti-lock Brake System – Cars, trucks, and SUVs with ABS and/or traction control are much safer to drive so you can save 10 percent or more.
• Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.
• Passive Restraints and Air Bags – Vehicles with factory air bags may get savings up to 30%.
• Student Discounts – A discount for being a good student may save as much as 25% on a insurance coverage quote. Most companies allow this discount up until you turn 25.
• Payment Discounts – If you pay your entire premium ahead of time rather than paying in monthly installments you could save up to 5%.

As a sidenote, most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as comprehensive or collision. So even though you would think you can get free auto insurance, companies don’t profit that way.

Large auto insurance companies and a selection of discounts are:

• Geico offers discounts for daytime running lights, air bags, military active duty, emergency military deployment, five-year accident-free, driver training, and multi-vehicle.
• USAA has savings for vehicle storage, loyalty savings, multi-policy, family discount, new vehicle, and defensive driver.
• Progressive includes discounts for homeowner, online signing, continuous coverage, multi-policy, and good student.
• American Family has discounts for good driver, multi-vehicle, air bags, mySafetyValet, accident-free, and TimeAway discount.
• Esurance offers premium reductions for anti-theft, DriveSense, good driver, online shopper, and paid-in-full.
• Farmers Insurance offers discounts including youthful driver, electronic funds transfer, pay in full, switch companies, homeowner, and teen driver.
• State Farm may include discounts for passive restraint, student away at school, Steer Clear safe driver discount, Drive Safe & Save, defensive driving training, and multiple autos.

Before buying, ask each company or agent to give you their best rates. A few discounts may not apply to policyholders in your area. To see companies with significant discounts, click here to view.

How to know if you need help

When it comes to choosing coverage for your vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions could help you determine whether your personal situation will benefit from professional help.

• Does my liability insurance cover pulling a trailer or camper?
• Should I have a commercial auto policy?
• Do I need PIP (personal injury protection) coverage in my state?
• Do I need roadside assistance coverage?
• How much liability insurance is required?
• Is my trailer covered?
• Can I still get insurance after a DUI?
• Does my policy pay for OEM or aftermarket parts?
• What is high-risk coverage and where do I buy it?
• Can I rate high risk drivers on liability-only vehicles?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Learn how to lower your insurance prices

Lots of factors are taken into consideration when premium rates are determined. A few of the factors are predictable like an MVR report, but some are less obvious like where you live or your commute time.A large part of saving on insurance coverage is knowing a few of the rating criteria that play a part in calculating the rates you pay for insurance coverage. When you understand what positively or negatively impacts your premiums, this helps enable you to make changes that can earn you much lower annual insurance costs.

• Better rates on vehicles with better crash test results – Vehicles that have high safety ratings get lower rates. Highly rated vehicles reduce occupant injuries and fewer injuries means less money paid by your insurance company which can result in lower premiums. If your GMC scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
• Always keep your policy in place – Letting your insurance expire is a fast way to pay more for insurance coverage. Not only will you pay higher rates, getting caught without coverage may result in a license revocation or jail time. You may then be required to file a SR-22 with your state motor vehicle department.
• Save money with higher deductibles – The deductibles you choose define how much you are willing to pay before a claim is paid by your company. Physical damage coverage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some coverage claims would be rearending another vehicle, animal collisions, and damage caused by road hazards. The more of the claim you pay before a claim is paid (deductible), the bigger discount you will receive for Sierra coverage.
• Multiple policies with one company – Some insurance coverage companies give discounts for people that have more than one policy in the form of a multi-policy discount. Even if you qualify for this discount already, it’s still a good idea to comparison shop to help ensure you have the lowest rates.
• Which gender costs less? – Statistics demonstrate that females take fewer risks when driving. That doesn’t necessarily mean that females are better drivers. Men and women are responsible for accidents in similar numbers, but the male of the species have accidents that have higher claims. They also get ticketed for serious violations such as reckless driving. Males from age 16 to 21 tend to get in the most accidents so it costs more to insure them.

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Big names are not always cheapest

Popular auto insurance providers such as 21st Century, Allstate and State Farm consistently run ads on television and other media. They all say the same thing that you can save if you move to their company. How do they all charge you a lower premium? This is the way they can do it.

All the different companies have underwriting criteria for the type of driver that will most likely be profitable. For instance, this type of insured might have to be over the age of 45, owns a home, and chooses high deductibles. A driver who fits that profile is entitled to the best price as well as save a lot of money.

Insureds who do not fit those standards will be quoted a higher premium and this results in the customer not purchasing. If you listen closely, the ads state “drivers who switch” not “all people who quote” save that much money. That is how insurance companies can confidently make claims like that. Because each company has a different risk profile, you should compare many company’s premium rates. It is just not possible to predict which insurance companies will give you lower car insurance rates than your current company.

Car insurance coverages for a 2000 GMC Sierra 1500

Having a good grasp of your policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on most insurance policies.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for expenses like surgery, X-ray expenses, rehabilitation expenses and nursing services. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision insurance will pay to fix damage to your Sierra 1500 caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, sideswiping another vehicle, hitting a mailbox, crashing into a building and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Liability auto insurance

Liability coverage can cover injuries or damage you cause to other people or property by causing an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for things such as bail bonds, funeral expenses, structural damage and pain and suffering. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford.

Comprehensive insurance

This covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like hail damage, rock chips in glass and falling objects. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your GMC Sierra 1500.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Don’t be a big spender

When trying to cut insurance costs, it’s very important that you do not buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced liability limits or collision coverage to discover at claim time that it was a big error on their part. Your goal should be to buy a smart amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

Discount 2000 GMC Sierra 1500 insurance is definitely available both online as well as from insurance agents, and you should compare rates from both to have the best rate selection. Some insurance companies don’t offer the ability to get quotes online and many times these small, regional companies prefer to sell through independent agents.

More detailed auto insurance information can be read in the articles below:

• A Tree Fell on Your Car: Now What? (Allstate)
• Who Has Cheap Car Insurance Rates for a GMC Sierra in Stockton? (QuoteStockton.com)
• How Much is Lincoln Auto Insurance for a GMC Sierra? (LincolnAutoGuard.com)
• Who Has the Cheapest Miami Auto Insurance for a GMC Sierra? (MiamiCoverage.com)
• Child Safety FAQ (iihs.org)
• Auto Insurance Learning Center (State Farm)
• Teen Driving Statistics (iihs.org)
• Liability Insurance Coverage (Nationwide)
• What is a Telematics Device? (Allstate)

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