Are you tired of not being able to afford to buy car insurance? You’re in the same situation as many other drivers. Insurance companies such as Geico and Progressive all promote huge savings with ads and consumers find it hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.
Companies do not advertise every available discount in a way that’s easy to find, so we researched some of the best known and the harder-to-find savings tricks you should be using. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.
It’s important to understand that some credits don’t apply to all coverage premiums. Most only cut specific coverage prices like medical payments or collision. So when it seems like all those discounts means the company will pay you, it just doesn’t work that way.
A partial list of companies that may offer these money-saving discounts include:
It’s a good idea to ask each insurance company what discounts are available to you. Savings might not be offered in your area.
There are a lot of ways you can shop for insurance coverage but there is one way that is less labor-intensive and much quicker. You can waste a lot of time talking about coverages with insurance companies in your area, or you can utilize online quotes to get pricing more quickly.
Most of the best insurance companies participate in an industry program that enables customers to submit one quote, and at least one company can give them a price. This saves time by eliminating form submissions to each individual insurance coverage company.
To submit your quote information now, click here to open in new window.
The only drawback to using this type of form is that consumers can’t choose the providers to get quotes from. If you would rather choose individual companies to receive pricing from, we have assembled a list of the cheapest insurance coverage companies in your area. Click here to view list.
Which method you use is up to you, but make darn sure you compare exactly the same coverages on every quote. If each company quotes different limits and deductibles on each one you will not be able to determine the lowest rate for your GMC Sierra 2500HD.
Smart consumers have a good feel for the factors that play a part in calculating the price you pay for car insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that may reward you with big savings.
Shown below are some of the factors companies use to determine rates.
When it comes to choosing the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. These are some specific questions may help you determine if your insurance needs would benefit from professional advice.
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 a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.
Having a good grasp of your car insurance policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types available from car insurance companies.
Comprehensive auto coverage
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like hitting a deer, a tree branch falling on your vehicle, damage from a tornado or hurricane, falling objects and damage from getting keyed. The highest amount a car 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.
This coverage can cover damage that occurs to other people or property that is your fault. This insurance protects YOU from legal claims by others. 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. You might see values of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.
Liability can pay for things like repair bills for other people’s vehicles, structural damage and medical expenses. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like prosthetic devices, surgery, doctor visits, X-ray expenses and EMT expenses. They can be utilized in addition to your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible
Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like crashing into a building, backing into a parked car, scraping a guard rail and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.
Discount 2014 GMC Sierra 2500HD insurance can be purchased from both online companies and with local insurance agents, so you should compare both to have the best rate selection. A few companies do not offer you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.
When you buy insurance online, never skimp on coverage in order to save money. Too many times, an accident victim reduced liability limits or collision coverage and learned later that the savings was not a smart move. Your aim should be to find the BEST coverage for the lowest price.
In this article, we covered a lot of techniques to save on insurance. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even discover the biggest savings come from some of the lesser-known companies. Some small companies may cover specific market segments cheaper compared to the large companies like Allstate or State Farm.
For more information, link through to the following helpful articles: