Feel like you’re a prisoner to an overpriced auto insurance policy? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.
Many insurance companies vie for your insurance dollar, and it can be difficult to compare rates to find the absolute best rates possible.
Insuring your vehicles can cost a lot, but there are discounts available to reduce the price significantly. Some trigger automatically when you purchase, but some must be asked for prior to getting the savings.
Keep in mind that most credits do not apply to all coverage premiums. Some only apply to specific coverage prices like comp or med pay. Just because it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. But all discounts will bring down your overall premium however.
Car insurance companies who might offer these money-saving discounts are:
It’s a good idea to ask every prospective company which discounts they offer. Savings might not be offered in your state.
When shopping for insurance coverage there are multiple ways to compare rate quotes from insurance coverage companies in your area. By far the easiest way to find the lowest 2014 GMC Sierra 1500 rates involves getting comparison quotes online. This is very easy and can be done using a couple different methods.
Which method you use is up to you, but ensure you’re using the exact same coverages on every quote. If the quotes have unequal deductibles or liability limits you can’t possibly find the best deal for your GMC Sierra 1500. Just a small difference in coverages could mean much higher rates. Keep in mind that obtaining a wide range of quotes gives you a better chance of getting the best offered rates.
When it comes to choosing coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions could help you determine whether or not you might need an agent’s assistance.
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Learning about specific coverages of your insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages available from insurance companies.
Collision coverages – This coverage covers damage to your Sierra 1500 caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for things like sideswiping another vehicle, hitting a mailbox, hitting a parking meter, crashing into a building and rolling your car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.
Coverage for medical expenses – Coverage for medical payments and/or PIP provide coverage for bills for hospital visits, nursing services, X-ray expenses and surgery. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay
Liability insurance – Liability coverage protects you from injuries or damage you cause to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability coverage pays for claims such as repair bills for other people’s vehicles, attorney fees and bail bonds. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your GMC Sierra 1500.
Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.
Comprehensive insurance – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as hitting a deer, damage from a tornado or hurricane and falling objects. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Cheaper 2014 GMC Sierra 1500 insurance is definitely available from both online companies and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who do not offer online quoting and many times these small, regional companies only sell through independent insurance agents.
We just covered a lot of information how to get a better price on insurance. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the most savings is with the smaller companies. These companies may have significantly lower rates on certain market segments compared to the large companies like Allstate, GEICO and Progressive.
Additional insurance coverage information can be found on the following sites: