Cheaper 2013 GMC Sierra 1500 Car Insurance Rates

It’s important to understand that most discount credits are not given to your bottom line cost. The majority will only reduce specific coverage prices like liability and collision coverage. So despite the fact that it appears you can get free auto insurance, it doesn’t quite work that way.

Some companies that may offer policyholders most of these discounts include:

• State Farm
• Geico
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

Before buying, ask each company to apply every possible discount. Some discounts may not apply to policyholders in your area. If you would like to choose from a list of insurance coverage companies that offer many of these discounts, click here.

There’s no such thing as the perfect insurance policy

When it comes to choosing the best insurance coverage, there is no cookie cutter policy. Every situation is different.

For instance, these questions can help discover if your situation would benefit from professional advice.

• When should I not file a claim?
• Am I covered when delivering products for my home-based business?
• When should I drop full coverage on my 2013 GMC Sierra 1500?
• When should my teen driver be added to my policy?
• Should I sign the liability waiver when renting a car?
• Is a new car covered when I drive it off the dealer lot?
• Is my trailer covered?
• Should I waive the damage coverage when renting a car?
• Is my nanny covered when driving my vehicle?
• Exactly who is provided coverage by my policy?

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. If you want to speak to an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Informed consumers save money

Consumers need to have an understanding of the different types of things that go into determining your policy premiums. If you understand what determines base rates, this enables you to make decisions that will entitle you to better insurance coverage rates.

• Job impacts prices – Did you know your job can affect your rates? Careers such as doctorspolice officers and medical professionals generally have higher average rates in part from job stress and extremely grueling work hours. On the other hand, careers such as actors, students and homemakers receive lower rates for Sierra coverage.
• Men are more aggressive – Over the last 30 years, statistics show women tend to be less risk to insure than men. Now that doesn’t mean females are better drivers. Women and men cause auto accidents in similar percentages, but the males tend to have more serious accidents. In addition to higher claims, males also receive more costly citations such as reckless driving.
• Insurance claims cost money – Insurance companies provide lower rates to insureds who are not frequent claim filers. If you are the type of insured that files lots of claims you can expect either policy cancellation or increased premiums. Your car insurance is meant to be used in the event of claims that you cannot pay yourself.
• Age of drivers – Teen drivers have been known to be less responsible when driving with friends so they pay higher insurance coverage rates. Older, more experienced drivers are proven to be safer behind the wheel, are lower risk to insure , and are generally more financially stable.
• Bundle policies and save – Most major insurance coverage companies provide better rates to customers who consolidate policies with them. It’s known as a multi-policy discount. Even if you’re getting this discount you still need to compare other insurance prices to confirm you are receiving the best rates possible. You may still be able to save more without the discount by buying from different companies
• Prevent theft and save – Choosing to buy a car that has an advanced theft prevention system can earn a premium discount. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent auto theft and help lower rates.
• Safety ratings are a factor – Vehicles with good safety scores tend to have lower insurance rates. Highly rated vehicles result in less severe injuries and fewer serious injuries means lower claim amounts and cheaper rates on your policy. If your GMC Sierra 1500 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.

Insurance policy coverages for a GMC Sierra 1500

Having a good grasp of a insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive coverages – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as rock chips in glass, theft and hitting a deer. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision – Collision insurance pays for damage to your Sierra 1500 resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with another moving vehicle, sustaining damage from a pot hole, driving through your garage door and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for rehabilitation expenses, chiropractic care and nursing services. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your GMC Sierra 1500.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Liability coverage – This coverage will cover injuries or damage you cause to people or other property in an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

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 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability can pay for claims like repair costs for stationary objects, medical expenses, pain and suffering and funeral expenses. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Be a smart shopper

As you restructure your insurance plan, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where someone dropped liability coverage limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to get the best coverage possible at a price you can afford, not the least amount of coverage.

Drivers leave their current company for a number of reasons such as extreme rates for teen drivers, delays in responding to claim requests, lack of trust in their agent or even denial of a claim. Regardless of your reason, choosing a new company is actually quite simple.

You just learned a lot of tips how to lower your 2013 GMC Sierra 1500 insurance rates. The key concept to understand is the more times you quote, the better your chances of lowering your auto insurance rates. Consumers may even find the lowest rates come from some of the lesser-known companies.

More learning opportunities

• Booster Seat Ratings (iihs.org)
• What is Full Coverage? (Allstate)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)