2002 GMC Sierra 1500 Insurance Rates

Consumers have lots of choices when looking for the best price on GMC Sierra 1500 insurance. You can either waste hours contacting agents getting price quotes or save time using the internet to get rate quotes.

There is a right way and a wrong way to buy car insurance so you’re going to learn the quickest way to compare rates for a GMC and locate the cheapest rates.

The purpose of this post is to let you in on how to get online quotes and some money-saving tips. If you have car insurance now, you will be able to save some money using this information. Drivers just need to understand the tricks to compare company rates on the web.

Five factors that determine insurance premiums

It’s important that you understand some of the elements that are used to determine the rates you pay for insurance. If you have a feel for what impacts premium levels, this allows you to make good choices that can earn you better insurance rates. Many different elements are part of the equation when premium rates are determined. Some are pretty understandable like an MVR report, but other criteria are not quite as obvious such as your marital status or how safe your car is.

• Low mileage costs less – The more you drive your GMC every year the more it will cost to insure it. A lot of companies charge rates partially by how you use the vehicle. Cars left parked in the garage receive lower rates than vehicles that are driven to work every day. Improper usage on your Sierra 1500 can cost quite a bit. Make sure your insurance policy is rated on how each vehicle is driven.
• Low deductibles cost more – Insurance for physical damage to your car, also known as collision and other-than-collision, covers your vehicle from damage. A few examples of covered claims are a broken windshield, hitting a deer, and damage caused by flying debris. Physical damage deductibles state the amount of money you are willing to pay out-of-pocket if a claim is determined to be covered. The more expense you pay before a claim is paid (deductible), the lower your rates will be on Sierra coverage.
• Do thieves like your car? – Driving a car that has an advanced theft prevention system can help bring down rates. Theft prevention devices such as OnStar, LoJack tracking, and tamper alarms all hinder car theft and help bring rates down.
• Liability protection limits should be high – The liability coverage on your policy is the coverage that protects you if ever you are found to be at fault for physical damage or personal injury to other. This coverage provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
• Age of drivers impacts costs – Older insureds tend to be more responsible, cost insurance companies less in claims .Young drivers are statistically shown to be more careless in a vehicle and because of this, their insurance rates are much higher.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

How to compare insurance coverage rate quotes

Reducing your 2002 GMC Sierra 1500 insurance rates is not rocket science. Consumers just need to take the time comparing rate quotes online from several insurance companies. It’s really simple and can be done by using one of the methods below.

1. The easiest and least time consuming way to get quotes for comparison is an all-inclusive rate comparison click here to open form in new window. This method saves time by eliminating separate quote forms for each company you want a rate for. A single form gets rate comparisons from many national carriers. Recommended for those who want to invest the least amount of time.
2. A more difficult way to get quotes online requires you to visit the website of each company and fill out a new quote form. For sake of this example, let’s say you want to get rates from Auto-Owners, Esurance and Liberty Mutual. To get rate quotes you would need to spend time on each company’s site and type in your information over and over, and that explains why we recommend the first method. To view a list of companies in your area, click here.
3. The least efficient way to get comparison rates is physically going to and from local insurance agencies. Comparing online rate quotes makes this process obsolete unless you have a complicated situation and need the professional abilities of a licensed agent. Although you can price shop your coverage online but still have the advice of a local agent.

Whichever method you choose, try to keep the same coverage information for each price quote. If each company quotes mixed coverages you will not be able to decipher which rate is best.

Do you qualify for discounts?

Car insurance companies do not advertise every policy discount very well, so the following list contains some of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy insurance coverage online.

• Homeowners Pay Less – Simply owning a home can save you money since home ownership is proof that your finances are in order.
• Multiple Vehicles – Insuring multiple vehicles on one policy can get a discount for every vehicle.
• Theft Deterent – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and that can save you a little bit as well.
• Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education as it will make them better drivers and lower rates.
• Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
• Multiple Policy Discount – If you can combine your homeowners and auto policy and place coverage with the same company you may save nearly 15% which can help you find the cheapest insurance coverage.
• Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts as much as 30%.
• Good Grades Discount – Maintaining excellent grades may save as much as 25% on a insurance coverage quote. The good student discount can last up until you turn 25.
• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower car insurancerates if you buy a life policy as well.

One thing to note about discounts is that most discount credits are not given to the entire cost. The majority will only reduce specific coverage prices like comprehensive or collision. Just because you may think all the discounts add up to a free policy, companies don’t profit that way.

To see a list of insurers with the best car insurance discounts, click here.

Don’t assume everyone needs the same auto insurance coverage

When it comes to buying adequate coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.

These are some specific questions might help in determining if you will benefit from professional help.

• Does liability extend to a camper or trailer?
• What is roadside assistance coverage?
• Will I be non-renewed for getting a DUI or other conviction?
• Will my rates increase for filing one claim?
• What if I owe more than I can insure my car for?
• When would I need additional glass coverage?
• Should I bundle my homeowners policy with my auto?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and can provide invaluable advice.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Insurance policy specifics

Learning about specific coverages of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, damage from a tornado or hurricane, falling objects, theft and hitting a deer. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your GMC Sierra 1500.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Frequently these coverages are identical to your policy’s liability coverage.

Coverage for liability – This protects you from damage or injury you incur to other people or property that is your fault. This coverage 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, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as medical expenses, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like hospital visits, dental work and ambulance fees. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Collision coverages – This pays to fix your vehicle from damage resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as rolling your car, sustaining damage from a pot hole, sideswiping another vehicle and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

Knowledge is power

There are still a few companies who may not have the ability to get quotes online small insurance companies sell through independent insurance agencies. Cheaper 2002 GMC Sierra 1500 insurance can be found both online and from local insurance agents, so compare prices from both so you have a total pricing picture.

As you quote insurance coverage, never reduce needed coverages to save money. There are a lot of situations where drivers have reduced full coverage and found out when filing a claim that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at the best possible price and still be able to protect your assets.

Insureds who switch companies do it for many reasons like poor customer service, being labeled a high risk driver, delays in paying claims or lack of trust in their agent. It doesn’t matter what your reason, switching companies is less work than it seems.

Additional learning opportunities

• Frontal Crash Tests (iihs.org)
• What is Covered by GAP Insurance? (Allstate)
• Determing Auto Insurance Rates (Geico)
• Safety Belts FAQ (iihs.org)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption