Cheaper 2000 GMC Sierra 1500 Insurance Rates

Finding low-cost insurance for a new or used GMC Sierra 1500 can be difficult, but you can learn the following methods to find lower rates. There are both good and bad ways to shop for insurance coverage and we’ll show you the quickest way to compare rates on a GMC and locate the lowest possible price either online or from local insurance agents.

Why you might be paying too much to insure your GMC Sierra 1500

Smart consumers have a good feel for the different types of things that help determine insurance rates. When you know what positively or negatively impacts premium levels enables informed choices that could result in much lower annual insurance costs.

  • Safer occupants lowers premiums – Cars with high safety ratings tend to have better insurance rates. Safer cars protect occupants better and fewer injuries translates into fewer and smaller insurance claims and lower rates for you. If your GMC Sierra 1500 earned at least four stars on you may qualify for a discount.
  • Increase deductibles and save – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket in the event of a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Examples of covered claims are colliding with a building, damage from fire, and rolling your vehicle. The more expense you’re willing to pay, the less your insurance will be for Sierra insurance.
  • Discounts for married couples – Getting married can actually save you money on insurance. Having a significant other is viewed as being more mature and it’s proven that being married results in fewer claims.
  • How your age affects price – Older insureds are more responsible, file fewer claims and get fewer tickets. Young drivers tend to be careless and easily distracted when behind the wheel and because of this, their insurance rates are much higher.
  • Drive less and save money – The higher the mileage driven in a year’s time the higher your rate. The majority of insurers apply a rate based on their usage. Autos that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Verify your insurance declarations sheet shows the correct usage for each vehicle. If your policy improperly rates your Sierra 1500 may be wasting your money.
  • You might want pay the small claims yourself – Companies generally give better rates to insureds who are claim-free. If you are a frequent claim filer, you can definitely plan on higher rates. Car insurance is intended to be relied upon for larger claims.
  • Do you have enough liability coverage? – Liability coverage will protect you when a court rules you are at fault for causing damage or personal injury in an accident. It will provide you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.

Save with discounts on GMC Sierra 1500 insurance

Companies offering auto insurance don’t necessarily list every available discount very clearly, so we researched both well-publicized and the harder-to-find car insurance savings. If you’re not getting every credit available, you’re paying more than you need to.

  • Theft Prevention System – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Seat Belts Save – Requiring all passengers to use their safety belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less for Sierra insurance than less cautious drivers.
  • Good Student Discount – This discount can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • Claim Free – Claim-free drivers can earn big discounts as compared to bad drivers.

Keep in mind that some of the credits will not apply to the entire cost. Most only cut specific coverage prices like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky.

Insurance companies that may offer some of the above discounts include:

Check with each insurance company how you can save money. All car insurance discounts may not be available in your area.

Tailor your coverage to you

When it comes to choosing adequate coverage, there really is no perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that may help you determine if your insurance needs will benefit from professional help.

  • How much underlying liability do I need for an umbrella policy?
  • Does my insurance cover my expensive audio equipment?
  • Do I get a pro-rated refund if I cancel my policy early?
  • What discounts do I qualify for?
  • Does coverage extend to Mexico or Canada?
  • Does insurance cover tools stolen from my truck?
  • Is my teenager covered with friends in the car?
  • Does liability extend to a camper or trailer?
  • Do I need replacement cost coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and you can get the answers you need.

Car insurance coverages for a 2000 GMC Sierra 1500

Having a good grasp of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Collision coverage – This coverage pays for damage to your Sierra 1500 resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as hitting a parking meter, rolling your car, damaging your car on a curb, hitting a mailbox and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also raise the deductible to bring the cost down.

Medical costs insurance – Med pay and PIP coverage pay for short-term medical expenses such as funeral costs, ambulance fees and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 2000 GMC Sierra 1500.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto liability – This coverage provides protection from injuries or damage you cause to people or other property in an accident. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims such as emergency aid, repair bills for other people’s vehicles, pain and suffering, repair costs for stationary objects and court costs. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Comprehensive or Other Than Collision – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like theft, damage from flooding, hitting a bird and hail damage. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

A tidy conclusion

While you’re price shopping online, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many cases where consumers will sacrifice uninsured motorist or liability limits only to regret they didn’t purchase enough coverage. Your goal should be to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

Cheaper 2000 GMC Sierra 1500 insurance can be found online in addition to many insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies do not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

People who switch companies do it for a number of reasons such as being labeled a high risk driver, unfair underwriting practices, policy cancellation or an unsatisfactory settlement offer. Regardless of your reason, switching companies is not as difficult as it may seem.

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