Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Believe me when I say you’re not alone. Many car insurance companies compete for your business, and because of this it can be hard to compare insurance companies to discover the definitive best price available.
All the larger insurance companies provide prices for coverage directly from their websites. Getting quotes doesn’t take a lot of time as you just enter the coverage amounts you desire into a form. Once entered, their rating system automatically orders your driving record and credit report and returns pricing information. Quoting online streamlines rate comparisons, but having to visit many different websites and fill out multiple forms is monotonous and tiresome. But it’s very important to have as many quotes as possible in order to get better insurance pricing.
An easier way to lower your rates makes use of a single form to get prices from a bunch of companies at once. This type of form saves time, requires much less work on your part, and makes online quotes much more efficient. As soon as the form is sent, it is rated with multiple companies and you can pick your choice of the resulting price quotes.
If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. This process only takes a few minutes and could lower your rates considerably.
If you want to find out how much you’re overpaying now, click here to open in a new tab and fill out the form. If you have your current policy handy, we recommend that you enter coverages and limits exactly as they are listed on your policy. This way, you will have a fair comparison using the exact same coverages.
Insuring your vehicles can cost a lot, but you can get discounts to help offset the cost. A few discounts will automatically apply when you purchase, but a few must be asked about prior to receiving the credit. If you aren’t receiving every discount possible, you’re paying more than you need to.
Keep in mind that most discount credits are not given the the whole policy. A few only apply to individual premiums such as comp or med pay. So despite the fact that it appears it’s possible to get free car insurance, you won’t be that lucky. Any qualifying discounts will reduce your premiums.
For a list of providers who offer insurance coverage discounts, click this link.
When buying the right insurance coverage for your vehicles, there is no one size fits all plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions may help you determine whether you might need an agent’s assistance.
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.
Understanding the coverages of insurance can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most insurance policies.
Collision coverage protection
This coverage covers damage to your Sierra 2500HD caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as colliding with a tree, sideswiping another vehicle and scraping a guard rail. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.
Liability coverage provides protection from damage that occurs to a person or their property. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for things like repair bills for other people’s vehicles, court costs, legal defense fees and medical expenses. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.
Comprehensive (Other than Collision)
This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like damage from getting keyed, hitting a deer, damage from flooding and vandalism. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Medical expense insurance
Medical payments and Personal Injury Protection insurance provide coverage for expenses for pain medications, prosthetic devices, chiropractic care, nursing services and surgery. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.
As you shop your coverage around, you should never skimp on coverage in order to save money. There have been many situations where drivers have reduced collision coverage to discover at claim time that it was a big mistake. Your strategy should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.
Throughout this article, we presented a lot of tips how to shop for 2002 GMC Sierra 2500HD insurance online. The key concept to understand is the more you quote, the better your comparison will be. Drivers may discover the lowest premiums are with a small mutual company. Smaller companies often have lower prices on specific markets than their larger competitors like State Farm, GEICO and Nationwide.
Cheaper insurance can be sourced from both online companies in addition to many insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who do not provide you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.