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.
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.
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.
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.
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.
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.
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.
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.