Compare 2001 GMC Sierra 1500 Insurance Cost

Wish you could get out of an expensive car insurance policy? You’re in good company because there are many consumers feeling the pinch from expensive car insurance. Because there are so many companies to choose from, it is hard for the average consumer to choose the right company.

It’s important to take a look at other company’s rates at least once a year because car insurance prices are variable and change quite frequently. If you had the lowest rate on Sierra insurance a year ago you can probably find a lower rate today. You can find a lot of information about car insurance online but you can learn some proven techniques to lower your car insurance premiums.

Which insurance is cheapest?

There are a variety of methods to shop for insurance, but some are less labor-intensive and much quicker. You can waste a lot of time discussing policy coverages with local insurance agents in your area, or you could save time and use the internet to quickly compare rates.

Most of the best insurance companies belong to an insurance system that allows shoppers to send in one quote, and at least one company then gives them pricing. This saves time by eliminating quote forms to each individual insurance company.

To use this form to compare rates click to open in new window.

The only drawback to doing it this way is you don’t know exactly which companies to get pricing from. So if you want to choose individual companies to receive pricing from, we have assembled a list of low cost insurance companies in your area. Click to view list.

However you get your quotes, be sure you’re using nearly identical coverage limits and deductibles for each price quote. If each company quotes different deductibles it’s impossible to determine the best price for your GMC Sierra 1500.

Discounts can really help save money

The price of auto insurance can be rather high, but there’s a good chance there are discounts to help offset the cost. Many of these discounts will be applied automatically when you get a quote, but some must be inquired about before they will apply. If you are not receiving all the discounts you qualify for, it’s possible you qualify for a lower rate.

• Payment Method – By paying your policy upfront instead of making monthly payments you can actually save on your bill.
• Low Miles Discount – Maintaining low annual mileage could be rewarded with better premium rates on cars that stay parked.
• Discount for Home Ownership – Just owning your own home can get you a discount because owning a home requires a higher level of personal finance.
• Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on Sierra insurance with certain companies.
• Theft Prevention Discount – Anti-theft and alarm system equipped vehicles are stolen less frequently and qualify for as much as a 10% discount.
• Military Deployment Discount – Being on active duty in the military may qualify for rate reductions.
• Include Life Insurance and Save – If the company offers life insurance, you could get a small discount if you purchase some life insurance too.
• Good Grades Discount – Excelling in school can earn a discount of 20% or more. Many companies even apply the discount to college students until age 25.
• Discounts for Multiple Vehicles – Buying coverage for several vehicles on the same car insurance policy can reduce the rates for all insured vehicles.
• Professional Memberships – Being a member of a professional or civic organization is a simple method to lower premiums on car insurance.

Drivers should understand that many deductions do not apply the the whole policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

To choose car insurance companies that offer multiple discounts, click here.

Will just any policy work for me?

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. For example, these questions might point out whether or not you might need professional guidance.

• What is an SR-22 filing?
• Am I better off with higher deductibles on my 2001 GMC Sierra 1500?
• What discounts do I qualify for?
• How can I find cheaper teen driver insurance?
• Are there companies who specialize in insuring high-risk drivers?
• Does coverage extend to my business vehicle?
• Should I buy more coverage than the required minimum liability coverage?
• Does my policy pay for OEM or aftermarket parts?
• Does my 2001 GMC Sierra 1500 need full coverage?
• Is my teenager covered with friends in the car?

If you’re not sure about those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area. It is quick, free and you can get the answers you need.

Eight tips to get cheap insurance premiums

Lots of factors are taken into consideration when quoting car insurance. Most are fairly basic like a motor vehicle report, but some are not as apparent like your vehicle usage or your vehicle rating.Consumers need to have an understanding of some of the factors that aid in calculating insurance rates. If you know what influences your rates, this enables you to make decisions that may reward you with much lower annual insurance costs.

The list below includes a partial list of the pieces insurance companies consider when setting prices.

• Expect high rates for teens – Beginning drivers are proven to get distracted easily with other occupants in the car and because of this, their insurance rates are much higher. If you’ve ever had to add a first-time driver to your insurance policy can really hurt. Older people are more cautious drivers, file fewer claims , and usually have better credit.
• Pay lower rates if you’re married – Having a wife or husband helps lower the price when shopping for insurance. Having a significant other means you’re more mature and statistics prove married drivers get in fewer accidents.
• Additional coverages that may be costing you – Insurance companies have many additional extra coverages that you can buy when buying insurance. Insurance for things like rental car reimbursement, better glass coverage, and motor club memberships could be just wasting money. You may think they are a good idea when deciding what coverages you need, but your money might be better spent on other coverage so remove them and pocket the money.
• Adjust deductibles and save – Your deductibles are how much you are required to spend out-of-pocket before your insurance pays a claim. Physical damage protection, also called comprehensive and collision insurance, covers damage that occurs to your car. A few examples of covered claims are collision with another vehicle, collision with a deer, and damage caused by road hazards. The more money you choose to pay out-of-pocket, the better rate you will receive on Sierra insurance.
• Gals pay lower costs – The statistics show that females tend to be a little less risky than males. This data doesn’t prove that men are worse drivers. Both sexes are in accidents in similar percentages, but the male of the species cause more damage. They also receive more costly citations like driving under the influence (DUI). Young men ages 16 to 20 cause the most accidents and therefore pay the highest rates.
• Traffic violations increase rates – Being a careful driver has a huge affect on how much you pay. Even a single speeding ticket or other violation can bump up the cost substantially. Careful drivers have lower premiums as compared to careless drivers. People who have flagrant violations such as DWI, reckless driving or hit and run convictions may face state-mandated requirements to prove financial responsibility with the DMV in their state in order to prevent their license from being revoked.
• Alarm systems save money – Buying a car with advanced anti-theft systems can help lower your premiums. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping vehicle theft.
• Do you save by driving less? – The more you drive in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers price each vehicle’s coverage based upon how the vehicle is primarily used. Autos that have low annual miles receive better premium rates than vehicles that are driven to work every day. It’s a good idea to make sure your declarations sheet is rated on annual mileage, because it can save money. Improper usage on your Sierra 1500 is just wasting money.

Do auto insurance companies bend the truth?

Consumers constantly see and hear ads for cheaper auto insurance from the likes of State Farm, Allstate and Geico. They all seem to say the same thing of big savings if you change your coverage.

That’s great but how can every company make the same claim? This is the trick they use.

Insurance providers have an ideal profile for the right customer they prefer to insure. For instance, a desirable risk might be described as between 30 and 50, has had continuous coverage, and drives a vehicle with a low ISO rating. Any new insured who meets those qualifications will get very good prices as well as cut their rates if they switch.

Consumers who don’t meet the ideal profile will probably be forced to pay a higher rate which usually ends up with the customer not buying. Company advertisements say “people who switch” not “everyone that quotes” save that kind of money. That’s why companies can make claims that they all have the best prices.

Because every company is different, drivers must compare many company’s prices. It’s just too difficult to predict which auto insurance company will provide you with the cheapest premium rates.

Auto insurance coverages 101

Understanding the coverages of auto insurance can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are typical coverages available from auto insurance companies.

Coverage for collisions

Collision insurance pays for damage to your Sierra 1500 from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like colliding with a tree, crashing into a ditch, rolling your car, sustaining damage from a pot hole and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.

Comprehensive protection

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

Comprehensive insurance covers claims such as hitting a bird, hitting a deer, damage from flooding, a broken windshield and hail damage. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability insurance

This coverage will cover damage that occurs to other’s property or people in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability can pay for things like attorney fees, emergency aid, repair costs for stationary objects, loss of income and medical expenses. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like prosthetic devices, EMT expenses and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your GMC Sierra 1500.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally these coverages are similar to your liability insurance amounts.

Knowledge is power

We just showed you some good ideas how to shop for 2001 GMC Sierra 1500 insurance online. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the most savings is with the least-expected company. They can often provide lower rates in certain areas than the large multi-state companies such as Progressive or Geico.

More affordable insurance is available from both online companies and with local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who do not offer price quotes online and these small, regional companies only sell through local independent agencies.

When buying insurance coverage, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where consumers will sacrifice liability coverage limits only to regret that the savings was not a smart move. The ultimate goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.

Even more information is located by following these links:

• Tools for Teen Driving Safety (State Farm)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• Where can I buy Insurance? (Insurance Information Insitute)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)