How Much Does 2016 GMC Savana Cargo Car Insurance Cost?

Searching for cheaper insurance rates for your GMC Savana Cargo? No car owner likes paying for insurance, especially when they could lower their rates if they shopped around. Lots of car insurance companies contend for your business, and because of this it can be hard to compare insurance companies and get the definite lowest cost out there.

The best way we recommend to compare car insurance company rates is to understand most of the bigger providers will pay a fee to quote your coverage. To start a quote, the only thing you need to do is provide a small amount of information like driver details, whether you are married, if your license is active, and level of coverage desired. The rating information is sent automatically to many different companies and you will get price comparisons quickly.

Big names are not always cheapest

Consumers can’t ignore all the ads for insurance savings from companies such as State Farm, Allstate and Geico. They all make an identical promise about how much you will save if you move your coverage to them.

But how can every company charge lower premium rates? This is how they do it.

All companies have underwriting criteria for the type of customer that will be a good risk. A good example of this type of risk profile should be over the age of 45, is a homeowner, and has a short commute. A customer that meets those criteria receive the lowest rate quotes and will also pay quite a bit less when switching companies.

Drivers who are not a match for this stringent profile will get higher rates which leads to business going elsewhere. If you pay attention, the ads say “people that switch” not “everyone who quotes” save that kind of money. That is how insurance companies can confidently make claims like that.

Because of this risk profiling, you should do a price quote comparison at every renewal. It is impossible to guess which insurance company will fit you best based on your risk profile.

Eight factors that affect insurance premiums

Multiple criteria are part of the calculation when quoting car insurance. Some are pretty understandable such as your driving history, but other criteria are less obvious like your continuous coverage or how safe your car is.One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that go into determining the rates you pay for insurance. When consumers understand what impacts premium levels, this helps enable you to make changes that may reward you with lower rates.

The following are some of the most rate-impacting factors used by insurance companies to determine your rate level.

• Save money by eliminating extra coverages – There are many additional extra coverages that sound like a good idea at the time if you don’t pay attention. Coverage for things like vanishing deductibles, death and dismemberment, and Farm Bureau memberships may be costing you every month. They may seem good when discussing your needs, but if you’ve never needed them in the past remove them from your policy.
• Is your vehicle theft-ready? – Choosing to buy a car with advanced anti-theft systems can help lower your premiums. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms can thwart vehicle theft.
• Gender impacts rates – Statistics demonstrate women are more cautious behind the wheel. Now that doesn’t mean males are worse at driving than females. Both genders have auto accidents at a similar rate, but the male of the species tend to have more serious accidents. Not only are claims higher, but men get ticketed for serious violations such as DWI and reckless driving. Youthful male drivers have the highest risk to insure and therefore pay the highest rates.
• Your stress level may be raising your premiums – Careers like lawyers, social workers and miners have higher rates than the rest of us attributed to intense work situations and lengthy work days. Other careers such as farmers, engineers and homemakers pay lower than average rates for Savana Cargo insurance.
• Bundle policies and save – Most major insurers apply a discount to insureds that purchase more than one policy such as combining an auto and homeowners policy. Discounts can amount to as much as ten percent or more Even with this discount, it’s in your best interest to compare rates to confirm you are receiving the best rates possible. You may still save more without the discount by buying insurance from a different company.
• Filing insurance claims can cost you more – Companies generally give the lowest premiums to policyholders who do not rely on their insurance for small claims. If you frequently file small claims, you can definitely plan on either policy cancellation or increased premiums. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.
• Poor credit history equals high costs – Having a bad credit score can be an important factor in determining premium rates. Insureds that have high credit ratings tend to file fewer claims as compared to drivers with lower credit ratings. If your credit is low, you could pay less to insure your 2016 GMC Savana Cargo by improving your rating.
• Choose high safety ratings and save – Vehicles with high crash test scores are cheaper to insure. These vehicles protect occupants better and lower injury rates means less claims paid and thus lower rates. If the GMC Savana Cargo earned at least four stars on Safercar.gov you are probably receiving a discount.

You may qualify for discounts

Insuring your fleet can be pricey, but there may be some discounts that you may not even be aware of. Many of these discounts will be applied automatically when you purchase, but less common discounts must be specially asked for before you will receive the discount.

• Theft Deterent Discount – Cars and trucks that have factory anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your auto insurance quote.
• Military Discounts – Being on active duty in the military could trigger a small discount.
• Save over 55 – If you’re over the age of 55, you could receive lower premium rates for Savana Cargo insurance.
• Own a Home – Being a homeowner may trigger a policy discount on car insurance since owning and maintaining a home requires personal responsibility.
• Passive Restraint Discount – Options like air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
• Save with More Vehicles Insured – Drivers who insure multiple cars or trucks on a single policy can reduce rates for all insured vehicles.
• Early Signing – Select insurance companies give a discount for switching companies before your current expiration date. You could save around 10% when you buy auto insurance online.
• Telematics Data Discounts – Insureds that choose to allow their insurance company to spy on vehicle usage by installing a telematics device such as Progressive’s Snapshot may get a rate reduction if they are good drivers.
• Resident Student – Youth drivers who attend college more than 100 miles from home and won’t have access to an insured vehicle may be able to be covered for less.

One last thing about discounts, most discounts do not apply to your bottom line cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears all the discounts add up to a free policy, companies wouldn’t make money that way.

To choose companies that offer the discounts shown above, follow this link.

There’s no such thing as the perfect insurance coverage policy

When buying coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions may help you determine whether or not you would benefit from professional advice.

• Does coverage extend to my business vehicle?
• At what point should I drop full coverage?
• Does coverage extend to Mexico or Canada?
• When should my teen driver be added to my policy?
• When can I cancel my policy?
• What vehicles should carry emergency assistance coverage?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverage breakdown

Knowing the specifics of your insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are typical coverages found on most insurance policies.

Coverage for collisions

This pays for damage to your Savana Cargo caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as colliding with a tree, sustaining damage from a pot hole, backing into a parked car, crashing into a building and rolling your car. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Liability

This coverage provides protection from damages or injuries you inflict on a person or their property. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things such as repair costs for stationary objects, attorney fees, legal defense fees and medical services. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, hitting a deer, theft and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical expenses

Med pay and PIP coverage provide coverage for short-term medical expenses for surgery, nursing services, chiropractic care and doctor visits. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 2016 GMC Savana Cargo.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these limits are identical to your policy’s liability coverage.

In the end, you save

As you prepare to switch companies, do not reduce needed coverages to save money. There are a lot of situations where an insured dropped liability coverage limits only to regret at claim time that it was a big error on their part. Your goal should be to get the best coverage possible at an affordable rate, but do not sacrifice coverage to save money.

Lower-priced car insurance can be bought both online in addition to local insurance agencies, and you should compare price quotes from both to have the best rate selection. Some insurance companies do not provide rates over the internet and most of the time these small, regional companies work with independent agents.

For more information, link through to the articles below:

• Auto Insurance 101 (About.com)
• Distracted Driving Extends Beyond Texting (State Farm)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• Neck Injury FAQ (iihs.org)
• Crash Avoidance Technologies FAQ (iihs.org)