Lower Your 1992 GMC Sierra 1500 Insurance Cost

Sick and tired of trying to scrape together enough money to pay insurance each month? You’re in the same situation as the majority of other consumers. Since you have so many choices of insurance companies, it is hard for the average consumer to choose the right insurance company.

The purpose of this article is to familiarize you with the most effective way to quote insurance and some tricks to saving. If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using this information. Consumers just need to understand how to get comparison rates over the internet.

How much is insurance?

The majority of larger companies such as State Farm and Allstate provide pricing on their websites. Comparing prices online is easy for anyone because it’s just a matter of typing in the coverages you want into the quote form. When the form is submitted, their rating system will order your driving and credit reports and provides a quote based on the information you submitted. Online quotes makes it easy to compare insurance prices but the time required to go to multiple sites and enter the same data into a form is a big time waster. Unfortunately, it is important to get many rate quotes in order to get a lower rate.

An easier way to lower your insurance bill uses just one form that obtains quotes from more than one company. The form is fast, eliminates form submissions, and makes online price comparison a little more enjoyable. Immediately after you send the form, it is rated and you are able to buy any one of the pricing results.

If the quotes result in lower rates, you simply finish the application and purchase the new policy. It only takes a few minutes and you’ll know if lower rates are available.

To compare rates using this form now, click here to open in new window and enter your vehicle and coverage information. If you currently have coverage, we recommend you copy the coverages exactly as they are listed on your policy. This ensures you will get an apples-to-apples comparison based on the exact same insurance coverage.

But they said I’d save $418 a year!

Consumers can’t get away from all the ads for cheaper car insurance by companies like State Farm and Allstate. All the ads make an identical promise that people will save if you get a free auto insurance quote and switch your car insurance coverage to their company.

That’s great but how can every company charge less that you’re paying now? Here is how they do it.

Insurance companies have specific criteria for the type of insured that will generate a profit. For instance, a desirable insured could possibly be between the ages of 30 and 50, has a clear driving record, and the vehicle is rated for pleasure use. Any person who matches that profile is entitled to the best price and will save quite a bit of money when switching.

People who cannot meet those criteria may be forced to pay higher rates which results in the customer not purchasing. The trick companies use is to say “people that switch” not “all people who quote” save money. That’s the way companies can truthfully claim big savings.

This really emphasizes why you really should compare free auto insurance quotes often. It is impossible to predict which insurance companies will be your best fit.

Seven tips to get cheap insurance costs

Smart consumers have a good feel for some of the elements that go into determining your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to lower premium levels. Lots of things are part of the calculation when quoting car insurance. Some are pretty understandable such as your driving history, but others are not quite as obvious like your vehicle usage or how safe your car is.

The following are some of the things used by insurance companies to determine your prices.

• Premiums for males may be higher – Over the last 30 years, statistics show that females tend to be a little less risky than males. It does not mean males are worse at driving than females. Women and men are responsible for auto accidents in similar numbers, but the male of the species get into accidents with more damage. Not only are claims higher, but men get more serious tickets such as reckless driving.
• Lower rates with continuous insurance coverage coverage – Not maintaining insurance is illegal and you may have a hard time finding new coverage because you let your insurance coverage expire. And not only will your rates increase, not being able to provide proof of insurance might get you a fine, jail time, or a revoked license.
• Prevent theft and save – Purchasing a vehicle with anti-theft technology or alarm system can earn a premium discount. Theft prevention devices such as OnStar, LoJack tracking, and tamper alarms all help prevent auto theft.
• Pay more out-of-pocket – Physical damage insurance, otherwise known as comp (or other than collision) and collision, insures against damage to your GMC. Some examples of claims that would be covered are a windshield shattered by a rock, damage from fire, and damage from a fallen tree branch. The deductibles are how much you are willing to pay if you file a covered claim. The higher the amount the insured is willing to pay, the bigger discount you will receive on Sierra insurance.
• Frequent claims increase insurance coverage rates – Insurance companies award the lowest premiums to policyholders who file claims infrequently. If you’re an insured who likes to file claims you can look forward to much higher rates or policy non-renewal. Auto insurance is meant to be used in the event of more catestrophic claims.
• Premiums are lower the older you get – More mature drivers have been proven to be more responsible, cause fewer claims and accidents and tend to be get fewer driving tickets.Young drivers tend to be more careless when behind the wheel and because of this, their insurance coverage rates are much higher.
• Save money by eliminating incidental coverages – There are quite a few additional extra coverages that you can get tricked into buying on your insurance coverage policy. Coverage for things like personal injury protection, towing coverage, and additional equipment coverage are examples of these. They may seem good at first, but your money might be better spent on other coverage so think about removing them and cutting costs.

Don’t overlook these auto insurance discounts

Auto insurance is not cheap nor is it fun to buy but there may be some discounts to cut the cost considerably. Many discounts should be triggered when you complete an application, but a few need to be asked about prior to receiving the credit.

• Good Student Discount – Performing well in school can earn a discount of 20% or more. Most companies allow this discount up to age 25.
• Own a Home and Save – Owning a house can get you a discount because owning a home requires personal responsibility.
• Lower Rates for Military – Having a deployed family member may lower your premium rates slightly.
• Discounts for New Vehicles – Buying insurance coverage on a new vehicle can save you some money since newer models are generally safer.
• Save with More Vehicles Insured – Insuring all your vehicles on one policy can reduce rates for all insured vehicles.
• Braking Control Discount – Cars and trucks with ABS braking systems or traction control can reduce accidents and will save you 10% or more.
• Driver Education Discount – Require your teen driver to successfully complete driver’s ed class as it will make them better drivers and lower rates.
• Federal Employees – Active or retired federal employment may reduce rates when you quote auto insurance on Sierra insurance with certain companies.

One last thing about discounts, most credits do not apply to the entire cost. Most cut specific coverage prices like physical damage coverage or medical payments. Just because it seems like all those discounts means the company will pay you, you won’t be that lucky.

To view insurers with the best discounts, click here to view.

When to get professional advice

When it comes to buying coverage, there really is not a best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that could help you determine if you would benefit from an agent’s advice.

• What is covered by UM/UIM coverage?
• Does my 1992 GMC Sierra 1500 qualify for pleasure use?
• When can I cancel my policy?
• When would I need additional glass coverage?
• What is roadside assistance coverage?
• Does my car insurance cover rental cars?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Specific coverages for a 1992 GMC Sierra 1500

Having a good grasp of insurance can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on the average insurance policy.

Comprehensive protection – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as fire damage, damage from flooding, theft and damage from a tornado or hurricane. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability auto insurance – Liability coverage provides protection from damages or injuries you inflict on a person or their property. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like legal defense fees, repair bills for other people’s vehicles, funeral expenses and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like X-ray expenses, ambulance fees and chiropractic care. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. 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 scraping a guard rail, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 1992 GMC Sierra 1500.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Frequently these limits are identical to your policy’s liability coverage.

Shop smart and save

As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. There have been many cases where someone dropped uninsured motorist or liability limits and learned later that the few dollars in savings costed them thousands. Your aim should be to buy enough coverage for the lowest cost.

We just showed you a lot of techniques to compare 1992 GMC Sierra 1500 insurance rates online. The key thing to remember is the more price quotes you have, the better your comparison will be. Drivers may discover the lowest rates come from a smaller regional carrier. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm or Progressive.

More information

• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Vehicle Insurance (Wikipedia)
• Should I Buy a New or Used Car? (Allstate)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)