How Much Does 2002 GMC Sierra 1500 Car Insurance Cost?

Locating discount insurance can be rather challenging for drivers new to comparing prices on the internet. With more and more insurance companies available, how can anyone efficiently compare every company to locate the cheapest price possible?

If you are paying for car insurance now, you should be able to cut costs considerably using this strategy. Shopping for more affordable auto insurance can be fairly easy. But drivers do need to know how insurance companies price insurance differently and apply this information to your search.

How to shop insurance online

Performing a rate comparison can be a daunting task if you don’t understand the most efficient way to do it. You could waste a few hours talking about coverages with insurance companies in your area, or you could use the internet to get pricing more quickly.

Most major companies are enrolled in a marketplace that allows shoppers to submit their information once, and each participating company returns a competitive quote for coverage. This system prevents you from having to do quote forms for every insurance company.

To submit your quote information now, click to open in new window.

The one downside to using this type of form is you cannot specify which companies you want pricing from. So if you prefer to pick individual companies to compare rates, we have a listing of low cost insurance companies in your area. Click here to view list.

Whichever way you use, be certain you are entering identical coverage data on every price quote you get. If your comparisons have different liability limits you will not be able to truly determine the lowest rate. Quoting even small variations in coverages could throw off the whole comparison. And when comparison shopping, comparing a large number of companies increases your odds of finding the best price.

Lower-cost insurance coverage quotes with discounts

Companies offering auto insurance don’t necessarily list every discount they offer in an easy-to-find place, so the following list contains both well-publicized as well as some of the hidden insurance coverage savings. If you’re not getting every credit you deserve, you are throwing money away.

  • Discount for New Cars – Buying insurance coverage on a new vehicle can save you some money since newer vehicles have better safety ratings.
  • No Accidents – Drivers who stay claim-free pay less when compared to accident-prone drivers.
  • Drive Less and Save – Driving fewer miles may enable drivers to earn discounted insurance coveragerates on garaged vehicles.
  • Policy Bundle Discount – If you can bundle your auto and home insurance and place coverage with the same company you will save at least 10 to 15 percent or more.
  • Home Ownership Discount – Owning a home can save a few bucks because it is proof that your finances are in order.
  • College Student Discount – who are attending college and do not take a car to college may be able to be covered for less.

Policy discounts save money, but most of the big mark downs will not be given to the entire cost. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, that’s just not realistic. Any amount of discount will positively reduce the premium cost.

To choose insurance coverage companies that have a full spectrum of discounts, click this link.

Tailor your auto insurance coverage to you

When it comes to choosing the best auto insurance coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine if your situation could use an agent’s help.

  • How do I insure my teen driver?
  • Is my teen driver covered when they drive my company car?
  • Why do I only qualify for high-risk insurance?
  • Do I need replacement cost coverage?
  • Am I covered if hit by an uninsured driver?
  • Do I pay less for low miles?
  • How can I find cheaper teen driver insurance?
  • Is my camper covered by my car insurance policy?
  • Can I afford to buy a different vehicle if my 2002 GMC Sierra 1500 is totaled?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an agent. If you don’t have a local agent, complete this form.

How do car insurance companies determine GMC Sierra 1500 insurance costs?

Many different elements are used in the calculation when premium rates are determined. Some of the criteria are obvious such as your driving history, but others are not quite as obvious like your continuous coverage or your vehicle rating.The best way to find cheaper car insurance is to take a look at some of the factors that aid in calculating your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that could result in lower car insurance prices.

Shown below are a few of the “ingredients” used by insurance companies to determine prices.

  • Urban residents pay more – Living in a small town may provide you with better prices if you are looking for the lowest rates. Fewer drivers corresponds to lower accident rates and a lower car theft rate. Drivers who live in large cities tend to have more aggressive driving styles and much longer commute distances. More time behind the wheel means more chances of being involved in an auto accident.
  • Multi-policy discounts can save money – The majority of insurers afford lower prices to customers that buy multiple policies such as combining an auto and homeowners policy. Even if you already get this discount, it’s always a smart idea to compare other company rates to verify if the discount is saving money.
  • Rates impacted by vehicle usage – The more you drive in a year’s time the higher your rate. Most insurance companies calculate prices based upon how much you drive. Cars that sit idle most of the time qualify for better rates than those that get driven frequently. It’s always a good idea to double check that your car insurance policy properly reflects the proper vehicle usage, because it can save money. An incorrectly rated Sierra 1500 may be wasting your money.
  • High credit saves on car insurance – Having a bad credit history will be a significant factor in your rate calculation. If your credit is low, you could pay less to insure your 2002 GMC Sierra 1500 by improving your credit score. People that have very good credit scores tend to be less risk to insure than those with worse credit.
  • File a policy claims and pay more – If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Car insurance companies give better rates to insureds who only file infrequent claims. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
  • Pay more out-of-pocket – Comp and collision deductibles state the amount of money you are required to spend out-of-pocket if the claim is covered. Physical damage coverage, also known as collision and other-than-collision, insures against damage to your car. Examples of covered claims could be collision with another vehicle, animal collisions, or theft of your vehicle. The larger the amount the insured is willing to pay, the less money you will pay for car insurance for Sierra insurance.

The ad said I’d save $430 a year!

Car insurance providers like State Farm and Allstate constantly bombard you with television and radio advertisements. They all seem to make the same claim that people will save if you switch your policy. It sounds good, but how can they all make almost identical claims?

All the different companies have a certain “appetite” for a prospective insured that earns them a profit. A good example of this type of driver may need to be married and over the age of 30, has never had a policy lapse, and has great credit. A propective insured who fits that profile will probably get cheap auto insurance rates as well as cut their rates substantially.

Consumers who fall short of these standards will see a more expensive rate which usually ends up with the prospect going elsewhere. The ads say “drivers who switch” not “everyone who quotes” save that much. This is how insurance companies can confidently make those statements.

Because every company is different, you should compare free auto insurance quotes often. It’s just too difficult to predict which car insurance company will have the best auto insurance rates for your profile.

Auto insurance 101

Having a good grasp of a insurance policy helps when choosing the best coverages and proper limits and deductibles. Insurance terms can be ambiguous and coverage can change by endorsement.

Collision coverages – Collision coverage will pay to fix damage to your Sierra 1500 resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a ditch, scraping a guard rail, driving through your garage door, colliding with a tree and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Liability coverage – Liability insurance protects you from damage or injury you incur to people or other property that is your fault. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as repair bills for other people’s vehicles, loss of income and court costs. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.

Comprehensive protection – This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from flooding, vandalism, a tree branch falling on your vehicle, fire damage and a broken windshield. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical expense coverage – Coverage for medical payments and/or PIP pay for short-term medical expenses such as hospital visits, prosthetic devices, EMT expenses, X-ray expenses and rehabilitation expenses. They are often utilized in addition to your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Get your money’s worth

Some insurance companies may not have the ability to get quotes online small, regional companies provide coverage only through independent insurance agencies. Lower-priced 2002 GMC Sierra 1500 insurance can be found from both online companies in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture.

People switch companies for any number of reasons including high rates after DUI convictions, poor customer service, delays in paying claims and being labeled a high risk driver. Regardless of your reason for switching companies, switching companies is less work than it seems.

In this article, we covered a lot of ways to save on 2002 GMC Sierra 1500 insurance. It’s most important to understand that the more times you quote, the better your chances of lowering your prices. You may be surprised to find that the best price on insurance is with some of the smallest insurance companies.

For more information, feel free to browse the resources below:

Comments About 2002 GMC Sierra 1500 Insurance

  1. Lanell Boyer

    Progressive has the cheapest rates in Tennessee. No comparison.

  2. Lavina Romero

    I live in a small town just outside of Green Bay, Wisconsin. I got free rates from Travelers, Auto-Owners, Hartford, and Sentry for my GMC and saved $117 a year. Insured with AIG Insurance before. Teenage drivers are expensive! It was easy to get rates. I’m thinking about dropping full coverage though.

  3. Deandra Hess

    What is Underinsured Motorist coverage?

  4. Jeraldine Finch

    I live in New Haven, CT. Checked online prices for a 2002 GMC Sierra 1500. Ended up at about $70 savings annually. Went with State Farm. I think they have home insurance too. It never hurts to quote around.

  5. Cassey Warner

    Hope my rates come down. Proud to be from Virginia Beach, VA. I quoted with Auto-Owners, Erie, and Nationwide for my GMC and saved just over $110 a year. I even had a DUI years ago. I dropped full coverage awhile back.

  6. Cassie Tran

    If you don’t have tickets and live near Provo, Utah, check out 21st Century. They seem to be cheaper.

  7. Shaneka Melendez

    Is a custom audio system covered by insurance?

  8. Kiera Cross

    I can’t pay high rates. Located in Cincinnati, OH. Don’t remember every company but I ended up saving about $30 each month. Did it all online. I only have liability coverage on it.

  9. Justin Lambert

    Any claims experience with Allstate in Columbia, SC?

  10. Josphine Vinson

    I live just to the east of Tacoma, Washington. Got free quotes online for a 2002 GMC Sierra 1500. Ended up at about $100 savings annually. Went with State Farm. Online quotes are the way to go. Full coverage costs too much.

  11. Johnna Harris

    It all costs too much. I live in a small town just outside of Indianapolis, IN. Got car insurance quotes from Nationwide, Erie, 21st Century, and American Family for my GMC and I think I saved around $20 each month. Got better coverage too. Not sure if rates are cheaper online or through an agent.

  12. Shirley Spencer

    I’m in the south part of Warren, MI. I got free quotes with Allstate, Eastwood, and Hanover for my 2002 GMC Sierra 1500 and saved $76 a year. Insured with AIG Insurance before. I’m a pretty good driver though.

  13. Odell Quinn

    This is too expensive. I live in a small town just outside of Kansas City, KS. Got car insurance quotes with GEICO, AAA, and Eastwood for my 2002 GMC Sierra 1500 and saved just over $80 a year. They have a lot of discounts available.

  14. Renay Stafford

    I went with 21st Century at renewal. Best rates in Portland, Oregon. I even had a DUI years ago. Next renewal I’ll just do liability.

  15. Lincoln Wade

    Mine is so expensive. From New Haven, Connecticut. I got free quotes with GEICO, The General, and Encompass for my GMC and saved just over $110 a year. Insured with USAA before. Got better coverage too. Are quotes cheaper online?

  16. Ward Frye

    2002 GMC Sierra 1500 + Allstate = CHEAP! At least inNorth Carolina anyway.

  17. Lashaun Pugh

    I’m in the south part of Rochester, MN. Received rates from 21st Century, Auto-Owners, and some I forget for my 2002 GMC Sierra 1500 and am saving around $70 a year. Not sure if rates are cheaper online or not. Liability only on my Sierra 1500.