2003 GMC Sierra 2500 Insurance Quotes – 9 Ways to Save

Searching for cheaper car insurance rates for your GMC Sierra 2500? No one anticipates paying for car insurance, especially when they know they could lower their rates if they shopped around.

Due to the large number of options when it comes to car insurance, it can be hard to locate the best insurer.

Locating more affordable coverage can be fairly easy. Just about every driver who is required by state law to have auto insurance stands a good chance to be able to lower their premiums. Nevertheless, car owners need to have an understanding of the methods companies use to price insurance differently and apply this information to your search.

Earn discounts on car insurance

Companies don’t always publicize all their discounts very well, so the list below gives a summary of some of the more common and the more hidden discounts that you may qualify for.

• Anti-theft System – Cars with anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
• Multiple Vehicles – Drivers who insure multiple cars or trucks with one company could earn a price break for each car.
• Pay Upfront and Save – By paying your entire bill at once instead of making monthly payments you could save 5% or more.
• ABS Braking Discount – Cars with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
• College Student Discount – Older children living away from home attending college and don’t have a car could get you a discount.
• Student Driver Training – Cut your cost by having your teen driver sucessfully take a drivers education course if offered at their school.
• Homeowners Discount – Owning a house can get you a discount because owning a home is proof that your finances are in order.
• Military Discounts – Being on active duty in the military could mean lower prices.
• Seat Belts Save – Requiring all passengers to use a seat belt can save up to 10 percent (depending on the company) off the medical payments premium.

Please keep in mind that most credits do not apply the the whole policy. The majority will only reduce individual premiums such as liability and collision coverage. So when it seems like all those discounts means the company will pay you, car insurance companies aren’t that generous.

Some of the larger companies that may have most of the discounts above are:

• Geico
• Travelers
• Farm Bureau
• Liberty Mutual
• American Family
• Progressive

Before purchasing a policy, check with every prospective company which discounts can lower your rates. A few discounts might not be offered on policies in your state. For a list of car insurance companies who offer online car insurance quotes, click here.

The fastest way that we advise to compare rates is to take advantage of the fact most larger insurance companies provide online access to quote your coverage. To get started, all you need to do is take a few minutes to give details like if you require a SR-22, the year, make and model of vehicles, if you have a valid license, and your credit rating estimate. The rating information is instantly provided to multiple companies and you will get price comparisons quickly.

Tailor your insurance coverage coverage to you

When choosing adequate coverage, there really is no best way to insure your cars. Everyone’s situation is unique and your policy should reflect that. For instance, these questions can help discover if your insurance needs might need professional guidance.

• Why do I only qualify for high-risk insurance?
• How can I force my company to pay a claim?
• Where can I get insurance after a DUI in my state?
• What are the financial responsibility laws in my state?
• When should I not file a claim?
• What is an SR-22 filing?
• What is covered by UM/UIM coverage?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Ads can be misleading

Popular insurance providers such as Progressive, Allstate and Geico consistently run ads in print and on television. All the companies advertise claims that you can save if you just switch your insurance policy to them. How does each company charge you a lower premium? It’s all in the numbers.

All the different companies have specific criteria for the type of customer that earns them the most money. A good example of this type of risk profile might be a female over age 40, owns a home, and has great credit. Any new insured who fits that profile may get the lowest prices and therefore will cut their rates substantially.

Potential insureds who fall short of these criteria will get higher premiums which translates to business going elsewhere. Company advertisements say “people that switch” but not “everyone who gets a quote” save money. That’s why insurance companies can confidently make those statements.

Because each company has a different risk profile, you really should do a quote comparison often. It’s not possible to predict which company will fit you best based on your risk profile.

Detailed coverages of your auto insurance policy

Learning about specific coverages of auto insurance can help you determine the best coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages available from auto insurance companies.

Collision coverage – Collision insurance covers damage to your Sierra 2500 resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as sideswiping another vehicle, scraping a guard rail and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Liability car insurance – This coverage can cover damage or injury you incur to other people or property. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things like repair costs for stationary objects, funeral expenses, legal defense fees and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your GMC Sierra 2500.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as rock chips in glass, vandalism, a broken windshield, falling objects and hail damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like dental work, funeral costs and chiropractic care. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

A penny earned…

In this article, we presented many tips how you can get a better price on 2003 GMC Sierra 2500 insurance. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting the cheapest car insurance. Consumers may even find the lowest premium rates come from the smaller companies. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, Geico and Progressive.

Some insurance companies do not provide rate quotes online and many times these small insurance companies only sell coverage through independent insurance agents. Affordable 2003 GMC Sierra 2500 insurance is definitely available online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture.

More information can be read at these links:

• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Who Has Affordable Columbus Auto Insurance for a GMC Sierra? (ColumbusCoverage.com)
• Property Damage Coverage (Liberty Mutual)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Learn About Car Insurance (Geico)
• State Laws for Cellphones and Texting (iihs.org)
• Insurance Losses by Make and Model (iihs.org)