Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me, there are many people just like you.
Having so many insurance providers from which to choose, it can be challenging to find the most affordable provider.
Finding affordable coverage is quite easy. Basically, every vehicle owner who buys car insurance most likely will be able to find lower rates. Although car owners need to have an understanding of how big insurance companies price online insurance and take advantage of how the system works.
Do you qualify for these 5 discounts?
Companies offering auto insurance don’t necessarily list every discount in a way that’s easy to find, so the following is a list of some of the best known and also the lesser-known savings tricks you should be using.
- Safe Drivers – Insureds without accidents may receive a discount up to 45% less for K3500 pickup insurance than drivers with accidents.
- Accident Forgiveness – Certain companies allow you one accident without raising rates if your claims history is clear for a certain period of time.
- More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy qualifies for this discount.
- Auto/Home Discount – If you insure your home and vehicles with the same insurance company you could get a discount of 10% to 20% off each policy.
- Lower Rates for Military – Being on active duty in the military could be rewarded with lower premiums.
It’s important to note that most of the big mark downs will not be given the the whole policy. Some only apply to specific coverage prices like collision or personal injury protection. So when it seems like you can get free auto insurance, companies don’t profit that way.
For a list of companies who offer car insurance discounts, follow this link.
How do I know if I need professional advice?
When choosing proper insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s needs are different so your insurance should reflect that For example, these questions may help you determine if your insurance needs could use an agent’s help.
- Can my teen driver be rated on a liability-only vehicle?
- Is my babysitter covered when using my vehicle?
- Why does it cost so much to insure a teen driver?
- Is my dog or cat covered if injured in an accident?
- Which companies will insure high-risk drivers?
- Does my medical payments coverage pay my health insurance deductible?
- What discounts do I qualify for?
- What vehicles should carry emergency assistance coverage?
- How can I get high-risk coverage after a DUI?
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
What if I want to buy from a local agent?
Some consumers would rather visit with an insurance agent and that is OK! The biggest benefit of comparing rates online is you can get lower rates and still have an agent to talk to.
Upon completion of this quick form, your insurance data is transmitted to agents in your area who will return price quotes for your business. You don’t have to drive around due to the fact that quote results will go immediately to your email address. You can find better rates without the usual hassles of price shopping.
Selecting an insurer should depend on more than just the price. These are valid questions to ask:
- Does the company allow you to choose your own collision repair facility?
- Did they already check your driving record and credit reports?
- Do they make recommendations based only on price?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Is their price quote a firm figure or are their hidden costs?
- Are they full-time agents?
- Do the coverages you’re quoting properly cover your vehicle?
- Does the agency support the community they serve?
To select a specific agent in your state, visit this page.
Once you have received positive feedback to all your questions as well as a affordable price, it’s possible that you found an insurance company that can properly service your car insurance policy. But keep in mind policyholders can cancel your coverage for any reason so don’t assume you’re contractually obligated to a policy for the full term.
Specifics of your car insurance policy
Having a good grasp of your car insurance policy can help you determine the best coverages for your vehicles. Car insurance terms can be confusing and reading a policy is terribly boring. Listed below are typical coverage types found on the average car insurance policy.
Uninsured or underinsured coverage
This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.
Medical expense coverage
Coverage for medical payments and/or PIP reimburse you for expenses for doctor visits, nursing services, funeral costs, X-ray expenses and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible
Comprehensive protection
This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as theft, a broken windshield, hail damage, damage from getting keyed and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability auto insurance
This coverage protects you from damages or injuries you inflict on people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.
Liability coverage protects against things such as legal defense fees, loss of income, emergency aid, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.
Auto collision coverage
Collision coverage covers damage to your K3500 Pickup resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.
Collision insurance covers things like hitting a parking meter, damaging your car on a curb, sustaining damage from a pot hole and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.
And the best car insurance company is…
In this article, we covered some good ideas how you can get a better price on GMC K3500 Pickup insurance. It’s most important to understand that the more providers you compare, the better your comparison will be. You may be surprised to find that the best prices are with some of the smallest insurance companies. These companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm and Allstate.
As you go through the steps to switch your coverage, never reduce needed coverages to save money. There are too many instances where someone sacrificed physical damage coverage and learned later that their decision to reduce coverage ended up costing them more. Your goal should be to purchase a proper amount of coverage for the lowest price.
