How Much Does 2004 GMC Sierra 1500 Insurance Cost?

Want the cheapest insurance rates for your GMC Sierra 1500? Finding affordable insurance is always challenging for people who are new to comparison shopping online. There are so many choices that it can be a big hassle to locate the lowest price.

You should take the time to take a look at other company’s rates once or twice a year because rates tend to go up over time. Even if you got the lowest rates for Sierra coverage six months ago you can probably find a better price now. Ignore everything you know about insurance because we’re going to demonstrate one of the easiest ways to buy cheaper insurance.

How to Lower Your Auto Insurance Cost

There are several ways to compare rate quotes from different insurance companies. The best method to compare 2004 GMC Sierra 1500 insurance prices consists of shopping online. This can be done in just a few minutes using one of these methods.

  1. The recommended way to get quotes for comparison would be an industry-wide quote request form (click to open form in new window). This easy form eliminates the need for separate quotation requests for each company you want a rate for. One quote request gets rate comparisons from auto insurance companies with the best prices. This is by far the quickest method.
  2. A more time consuming way to compare prices is to take the time to go to each company’s website to complete their respective quote request forms. For sake of this example, let’s assume you want to compare Progressive, GEICO and Farmers. You would have to go to every website and enter your policy data, and that’s why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

It’s up to you how you get prices quotes, just ensure you’re using the exact same coverages and limits on every quote you get. If you enter different limits and deductibles on each one it will be next to impossible to determine the lowest rate for your GMC Sierra 1500. Just a small difference in coverages can make a big difference in price. And when comparison shopping, comparing more company’s prices helps you find lower pricing.

Don’t pay full price with these discounts

Companies don’t always advertise every discount in a way that’s easy to find, so the following is a list of both well-publicized and the more hidden car insurance savings.

  • Accident Waiver – Some insurance companies will forgive one accident without raising rates if your claims history is clear prior to the accident.
  • Low Mileage – Driving fewer miles can qualify you for lower rates on the low mileage vehicles.
  • Organization Discounts – Being a member of a qualifying organization could qualify you for a break on your policy for Sierra coverage.
  • New Vehicle Savings – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
  • Federal Government Employee – Active or retired federal employment can earn a discount up to 10% for Sierra coverage with a few car insurance companies.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.

Keep in mind that some credits don’t apply the the whole policy. Most only cut individual premiums such as liability and collision coverage. So even though it sounds like you would end up receiving a 100% discount, you’re out of luck.

A partial list of companies who might offer these discounts are:

Before buying, ask all companies you are considering which discounts they offer. Discounts may not be available in your area.

Your personal situation dictates your coverage

When choosing adequate coverage, there is no “perfect” insurance plan. Each situation is unique.

Here are some questions about coverages that can aid in determining whether you could use an agent’s help.

  • Can I afford to buy a different vehicle if my 2004 GMC Sierra 1500 is totaled?
  • Is my state a no-fault state?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I need motorclub coverage?
  • What is PIP insurance?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I have coverage when making deliveries for my home business?
  • What is high-risk coverage and where do I buy it?
  • What companies insure drivers after a DUI or DWI?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form.

GMC Sierra 1500 insurance rates have many determining factors

It’s important that you understand some of the elements that help determine the rates you pay for auto insurance. Understanding what impacts premium levels helps enable you to make changes that will entitle you to much lower annual insurance costs.

  • Teen drivers pay high rates – Older insureds are viewed as being more responsible, statistically cause fewer accidents and tend to be better behind the wheel. Teen drivers tend to get distracted easily when behind the wheel therefore auto insurance rates are much higher.
  • Your car’s features help determine rates – Driving a car with a theft deterrent system can help lower your rates. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • High deductibles save money – Deductibles for physical damage define the amount you are willing to pay out-of-pocket before a claim is paid by your company. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. A few examples of covered claims could be running into the backend of another car, damage from fire, and burglary. The higher the amount you have to pay, the bigger discount you will receive for Sierra coverage.
  • Policy add-ons can waste money – There are a ton of extra coverages you can purchase if you aren’t careful. Coverages for rental car reimbursement, better glass coverage and additional equipment coverage are examples of these. They may seem good at first, but now you might not need them so eliminate them to save money.
  • A clean driving record saves money – Even one ticket can boost insurance rates twenty percent or more. Careful drivers tend to pay less for car insurance than their less careful counterparts. If you have dangerous violations such as reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.
  • Never go without insurance – Letting your insurance expire will be a guaranteed way to bump up your auto insurance costs. And not only will insurance be more expensive, failure to provide proof of insurance will get you a hefty fine and possibly a revoked license.
  • Pay less if you’re married – Getting married can get you a discount when buying auto insurance. It usually means you are more mature than a single person it has been statistically shown that drivers who are married are more cautious.

Coverage specifics

Learning about specific coverages of your policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for bills such as ambulance fees, chiropractic care and doctor visits. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This pays for damage to your Sierra 1500 resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as sustaining damage from a pot hole, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like damage from flooding, hitting a deer, hail damage and damage from getting keyed. The highest amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability auto insurance

This coverage will cover damage or injury you incur to other’s property or people. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims like court costs, bail bonds and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Knowledge is power

Throughout this article, we presented a lot of ways to save on 2004 GMC Sierra 1500 insurance. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. Consumers may even find the biggest savings come from a small local company.

Cheaper insurance can be found on the web and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies do not offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

When trying to cut insurance costs, you should never skimp on coverage in order to save money. There are too many instances where consumers will sacrifice uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

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