How Much Does 2003 GMC Sierra 2500 Car Insurance Cost?

Finding affordable car insurance on the web can be rather challenging for beginners to online price comaprisons. With so many companies competing online, how can anyone even start to compare every one to find the lowest price?

Do you qualify for discounts?

Companies offering auto insurance do not list all their discounts in a way that’s easy to find, so the following is a list of both the well known as well as the least known insurance savings.

  • Braking Control Discount – Cars that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
  • Auto/Home Discount – If you insure your home and vehicles with the same insurance company you could get a discount of up to 20% off your total premium.
  • Discount for Life Insurance – Select insurance companies reward you with lower rates if you buy auto and life insurance together.
  • Lower Rates for Military – Being deployed with a military unit could be rewarded with lower premiums.
  • Homeowners Discount – Owning a house can save you money because maintaining a house shows financial diligence.
  • New Vehicle Savings – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. The discount lasts up to age 25.

A little note about advertised discounts, most credits do not apply to the entire cost. Most only apply to specific coverage prices like liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, you’re out of luck.

For a list of companies with discount insurance rates, follow this link.

Which Insurance is Cheapest?

Comparing insurance rates can be exhausting if you don’t understand the most efficient way. You can spend countless hours discussing policy coverages with local insurance agents in your area, or you could use online quoting to accomplish the same thing much quicker.

Most car insurance companies participate in a marketplace that allows shoppers to enter their coverage request one time, and each participating company can provide price quotes determined by their information. This system prevents you from having to do repetitive form submissions to every company.

To compare 2003 GMC Sierra 2500 rates using this form now click to open in new window.

The one disadvantage to comparing rates this way is you can’t choose which companies you will receive quotes from. If you would rather choose specific insurance companies to request quotes from, we have a page of low cost insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just be sure to compare identical quote information on every quote. If the quotes have higher or lower deductibles it will be very difficult to decipher which rate is best. Just a small difference in coverages can result in a big premium difference. Keep in mind that having more price comparisons will increase your chances of finding a lower rate.

Don’t assume everyone needs the same coverage

When it comes to choosing coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is unique.

For example, these questions may help you determine whether your personal situation might need professional guidance.

  • Are split liability limits better than a combined single limit?
  • Can I drive in Mexico and have coverage?
  • Are my friends covered when driving my car?
  • Does my liability insurance cover pulling a trailer or camper?
  • Does my 2003 GMC Sierra 2500 qualify for pleasure use?
  • Am I covered if I hit my neighbor’s mailbox?
  • Do I need higher collision deductibles?
  • Will I be non-renewed for getting a DUI or other conviction?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form.

Coverages available on your insurance policy

Knowing the specifics of your insurance policy helps when choosing which coverages you need for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2003 GMC Sierra 2500.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability coverage

Liability insurance will cover damages or injuries you inflict on a person or their property that is your fault. It protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for things such as bail bonds, funeral expenses and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

Auto collision coverage

This covers damage to your Sierra 2500 from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as backing into a parked car, hitting a mailbox, colliding with another moving vehicle, crashing into a building and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as a broken windshield, theft, damage from a tornado or hurricane, a tree branch falling on your vehicle and damage from flooding. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for immediate expenses like ambulance fees, surgery and doctor visits. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Be a money saver!

Low-cost 2003 GMC Sierra 2500 insurance can be bought online as well as from independent agents, so compare prices from both so you have a total pricing picture. Some insurance coverage companies don’t offer online price quotes and usually these smaller companies provide coverage only through local independent agents.

While you’re price shopping online, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many cases where consumers will sacrifice full coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy enough coverage at an affordable rate while still protecting your assets.

We just covered quite a bit of information on how to lower your insurance rates. The most important thing to understand is the more you quote, the higher your chance of finding lower rates. Consumers could even find that the most savings is with the smaller companies.

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