Compare 1999 GMC Sierra 2500 Insurance Cost

Comparing and finding more affordable premium rates for Driversauto insurance is quite difficult for people not familiar with shopping for insurance online. With so many options of companies competing online, it can quickly become a real hassle to find cheaper prices.

Components of your GMC Sierra 2500 insurance premiums

When buying insurance coverage it’s important to understand a few of the rating criteria that help determine the price you pay for insurance coverage. If you know what impacts premium levels, this empowers consumers to make smart changes that can help you get better insurance coverage rates. Lots of factors are part of the equation when pricing auto insurance. Some are pretty understandable such as traffic violations, but other criteria are less apparent such as your marital status or your commute time.

• Cars with good safety ratings cost less to insure – Cars with five star safety ratings can get you lower premiums. Highly rated vehicles reduce the chance of injuries and better occupant protection means lower claim amounts which can result in lower premiums. If your GMC has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
• Higher coverage deductibles cost less – Protection for physical damage, aka comp and collision, covers your vehicle from damage. Examples of covered claims are collision with another vehicle, damage caused by hail, and rolling your vehicle. Comprehensive and collision coverage deductibles state the amount of money you are willing to pay out-of-pocket before your insurance coverage pays a claim. The more expense you pay before a claim is paid (deductible), the less your company will charge you for insurance for Sierra insurance.
• Deter theft and pay less – Choosing to buy a car with a theft deterrent system can help lower your rates. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart vehicle theft.
• Responsible credit equals lower prices – A driver’s credit history is a big factor in determining your rates. So if your credit is low, you could be paying less to insure your 1999 GMC Sierra 2500 by spending a little time repairing your credit. Drivers who have very good credit scores tend to be better risks to insure as compared to drivers with lower credit ratings.

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Discount insurance rates

Insuring your fleet can be pricey, but you may find discounts that could help you make your next renewal payment. Certain reductions will be credited when you complete an application, but less common discounts must be manually applied before you get the savings.

• Safe Driver Discount – Drivers without accidents may save up to 50% more for Sierra insurance than drivers with accident claims.
• Driver Training Discounts – Passing a defensive driver course could earn you a small percentage discount and easily pay for the cost of the class.
• Early Signing – A few larger companies allow discounts for switching to them before your current policy expires. It’s a savings of about 10%.
• Accident Free – Claim-free drivers have much lower rates when compared to policyholders that have many claims.
• Telematics Data Discounts – Policyholders that allow driving data collection to track their driving habits remotely such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they show good driving skills.
• Auto/Life Discount – Insurance companies who offer life insurance give a break if you buy life insurance from them.
• Own a Home – Simply owning a home can save you money since owning and maintaining a home is proof that your finances are in order.
• Theft Deterent Discount – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen less frequently so companies will give you a small discount.

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Most only apply to individual premiums such as comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, nobody gets a free ride.

A list of companies and the discounts they provide can be read below.

• Progressive offers discounts for continuous coverage, multi-vehicle, online quote discount, online signing, and homeowner.
• MetLife may offer discounts for good student, accident-free, defensive driver, good driver, multi-policy, claim-free
• Mercury Insurance offers premium reductions for good student, location of vehicle, annual mileage, multi-policy, multi-car, and low natural disaster claims.
• Nationwide policyholders can earn discounts including accident-free, easy pay, Farm Bureau membership, business or organization, good student, defensive driving, and multi-policy.
• Geico has savings for five-year accident-free, driver training, federal employee, seat belt use, and anti-theft.
• AAA has discounts for multi-policy, multi-car, good student, good driver, and AAA membership discount.

Double check with all companies you are considering which discounts you may be entitled to. Discounts might not apply in your state. If you would like to choose from a list of insurance companies that have a full spectrum of discounts, follow this link.

Do insurance companies bend the truth?

Well-known insurance companies like Geico, State Farm and Progressive continually stream ads on TV and radio. All the companies make the same claim that you can save just by switching your coverage to them. Is it even possible that every company can lower your rates? Here is the trick they use.

Most companies have a preferred profile for the type of driver that will be a good risk. A good example of a profitable customer might be described as between the ages of 40 and 55, has a clear driving record, and has a high credit rating. Any driver that hits that “sweet spot” will probably get cheap rates and will save when switching.

Drivers who don’t qualify for those standards will probably have to pay higher premiums which leads to the prospect going elsewhere. If you pay attention, the ads say “drivers that switch” but not “everyone who gets a quote” save that much money. That’s why companies can lure you into getting a quote. This really drives home the point why it’s extremely important to get as many free insurance quotes as possible. It’s just too difficult to predict which insurance company will give you lower car insurance rates than your current company.

Tailor your auto insurance coverage to you

When it comes to choosing coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different.

For instance, these questions might help in determining whether or not you would benefit from an agent’s advice.

• Is my state a no-fault state?
• Is extra glass coverage worth it?
• What happens if I owe more than my 1999 GMC Sierra 2500 is worth?
• Should I buy more coverage than the required minimum liability coverage?
• Does my insurance cover a custom paint job?
• What is roadside assistance coverage?
• Am I missing any policy discounts?
• Is rental equipment covered for theft or damage?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form.

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Learn about car insurance coverages for a GMC Sierra 2500

Having a good grasp of a car insurance policy helps when choosing the right coverages and proper limits and deductibles. Car insurance terms can be ambiguous and reading a policy is terribly boring.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle 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 2500.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Auto collision coverage

This coverage pays for damage to your Sierra 2500 from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like hitting a mailbox, sustaining damage from a pot hole, scraping a guard rail and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like ambulance fees, doctor visits, rehabilitation expenses and nursing services. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers you and your occupants as well as being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, damage from flooding, fire damage, theft and a broken windshield. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for liability

This coverage provides protection from injuries or damage you cause to a person or their property in an accident. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for claims such as emergency aid, attorney fees, bail bonds, medical expenses and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

More choices the merrier

There are still a few companies who do not provide internet price quotes regional insurance providers sell through independent agents. Low-cost 1999 GMC Sierra 2500 insurance can be bought on the web and from local insurance agents, so compare prices from both to have the best rate selection.

Insureds leave their current company for any number of reasons including unfair underwriting practices, policy cancellation, lack of trust in their agent and high rates after DUI convictions. Regardless of your reason for switching companies, finding a great new company can be easier than you think.

You just read a lot of techniques to lower your 1999 GMC Sierra 2500 insurance rates. The most important thing to understand is the more companies you get car insurance rates for, the better your chances of lowering your car insurance rates. Consumers could even find that the lowest rates come from a smaller regional carrier.

For more information, link through to these articles:

• Keeping Children Safe in Crashes Video (iihs.org)
• Side Impact Crash Tests (iihs.org)
• Choosing an Insurance Company (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)
• What does Personal Injury Protection (PIP) Cover? (Allstate)

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