2004 GMC Sierra 2500 Car Insurance Quotes

Searching for better insurance rates for your GMC Sierra 2500? Being forced to pay for overpriced insurance premiums can stress out your personal savings and possibly require you to analyze your spending habits.

You have multiple insurers to insure vehicles with, and even though it’s nice to be able to choose, having more insurers makes it harder to get the best deal.

Low cost car insurance prices

Performing a rate comparison can be a daunting task if you don’t utilize the best way to get rate quotes. You can waste a few hours (or days) talking about coverages with insurance companies in your area, or you can utilize the web to maximize your effort.

Many insurance companies enroll in a system that allows shoppers to enter their policy data once, and at least one company provides a quote based on the submitted data. This system prevents you from having to do repetitive form submissions to each company.

To compare pricing click to open in new window.

The only drawback to doing it this way is that you can’t choose the companies you want pricing from. So if you want to choose specific insurance companies for rate comparison, we have a page of low cost car insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but ensure you’re using equivalent coverage data for each quote you get. If you are comparing different liability limits you will not be able to make a fair rate comparison. Quoting even small variations in limits could mean much higher rates. And when price shopping your coverage, making a lot of price comparisons helps increase your odds of locating the best rates. Some companies don’t provide online rate quotes, so it’s important to compare prices from the smaller companies as well.

More affordable rates with these insurance discounts

Insurance can be pricey, but you might already qualify for some discounts that you may not even know about. Certain reductions will be credited at the time you complete a quote, but lesser-known reductions have to be asked about before being credited.

• Switch and Save Discount – A few insurance companies give discounts for switching companies early. It can save you around 10%.
• Claim Free – Drivers who don’t have accidents can save substantially in comparison with drivers with a long claim history.
• Good Grades Discount – Getting good grades can earn a discount of 20% or more. You can use this discount normally up to age 25.
• Professional Organizations – Affiliation with qualifying clubs or civic groups may earn a discount on insurance.
• Accident Forgiveness Coverage – This one isn’t a discount, but certain companies will allow you to have one accident before raising your premiums with the catch being you have to be claim-free for a particular time prior to the accident.
• Online Discount – Certain larger companies will discount your bill up to fifty bucks for completing your application on the internet.

One last thing about discounts, some of the credits will not apply to your bottom line cost. Most only cut the price of certain insurance coverages like medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, it’s just not the way it works.

If you would like to choose from a list of insurance companies that offer multiple discounts, click this link.

Auto insurance can get complicated

When choosing coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions can help discover if your situation might need an agent’s assistance.

• When would I need rental car insurance?
• Does my policy cover me when driving someone else’s vehicle?
• What is the difference between comprehensive and collision coverage?
• I have a DUI can I still get coverage?
• Does my insurance cover my expensive audio equipment?
• How much can I save by bundling my policies?
• Am I covered if I drive in a foreign country?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Smart buyers save every year

Many different elements are considered when quoting car insurance. Some factors are common sense like a motor vehicle report, although others are more obscure such as whether you are married and annual miles driven.

• Qualify for multi-policy discounts – Most insurance companies will award better rates to customers who buy several policies from them in the form of a multi-policy discount. The discount can add up to 10 percent or more. Even if you already get this discount, drivers will still want to compare other insurance prices to help ensure you have the lowest rates. Drivers may still save even more than the discount by splitting coverages up.
• Allowing your auto insurance policy to lapse raises prices – Driving without insurance is against the law and as a result your rates will increase for letting your coverage cancel without a new policy in place. And not only will your rates increase, not being able to provide proof of insurance will get you a license revocation or jail time.
• Premiums are lower the older you get – Youthful drivers are proven to be more careless when driving with friends so they pay higher auto insurance rates. Older drivers are proven to be safer behind the wheel, cause fewer claims and accidents .
• Policy add-ons add up – Policies have extra coverages you can purchase on your Sierra 2500 policy. Insurance for things like rental car reimbursement, towing, and motor club memberships may be wasting your money. They may seem good when buying your policy, but if you don’t need them consider taking them off your policy.
• Employer impacts rates – Did you know your occupation can influence how much you pay for auto insurance? Jobs like military generalsair traffic controllers and medical professionals tend to have higher rates than average due to intense work requirements and lengthy work days. On the flip side, occupations such as farmers, engineers and the unemployed receive lower rates for Sierra coverage.
• Increase physical damage deductibles and save – Deductibles for physical damage define how much you are willing to pay if a covered claim is submitted. Physical damage insurance, aka comp and collision, insures against damage to your car. Examples of covered claims are colliding with a stationary object, damage caused by hail, and damage from wind. The higher the amount the insured is willing to pay, the lower your rates will be for Sierra coverage.
• Can a thief steal your car? – Choosing a vehicle that has an advanced theft prevention system can help lower your premiums. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent car theft and help bring rates down.

Detailed coverages of your auto insurance policy

Understanding the coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverage types offered by auto insurance companies.

Liability coverage

Liability coverage provides protection from injuries or damage you cause to other people or property that is your fault. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things like pain and suffering, medical services and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from flooding, theft, rock chips in glass and damage from a tornado or hurricane. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your GMC Sierra 2500.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Collision insurance

Collision coverage pays for damage to your Sierra 2500 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like hitting a parking meter, hitting a mailbox and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for bills like chiropractic care, doctor visits and hospital visits. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Knowledge is power

We just covered many tips how you can lower your 2004 GMC Sierra 2500 insurance rates. The key thing to remember is the more times you quote, the better your chances of lowering your auto insurance rates. Consumers could even find that the lowest rates are with some of the lesser-known companies. Some small companies often have lower auto insurance rates on specific markets than the large multi-state companies such as Allstate, Geico and Progressive.

When buying insurance coverage, never buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice collision coverage and discovered at claim time that the savings was not a smart move. Your goal should be to buy the best coverage you can find for the lowest cost, but don’t skip important coverages to save money.

Additional learning opportunities

• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• How Much are Madison Car Insurance Quotes for a GMC Sierra? (MadisonInsure.com)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• Rental Car Insurance Tips (Insurance Information Insitute)