Having to pay for overpriced GMC Sierra 1500 Pickup insurance can empty your personal savings and put a big crunch on your finances. Doing a price comparison is free and is an excellent way to reduce premiums and put more money in your pocket.
Insurance companies such as GEICO and Progressive constantly blast consumers with advertising and consumers find it hard to separate fact from fiction and take the time to shop coverage around.
If you currently have car insurance, you should be able to save some money using these techniques. Finding the best rates is not rocket science. But consumers need to learn the way insurance companies sell insurance online because it can help you find the best coverage.
Lower rates by qualifying for discounts
Auto insurance companies don’t always publicize all available discounts very clearly, so we took the time to find both the well known and also the lesser-known auto insurance savings.
- Auto/Home Discount – When you have multiple policies with one company you will save up to 20% off your total premium.
- Fewer Miles Equal More Savings – Fewer annual miles on your GMC can qualify you for lower rates on the low mileage vehicles.
- Seat Belts Save – Using a seat belt and requiring all passengers to wear their seat belts could save 15% off the personal injury premium cost.
- Air Bag Discount – Factory air bags or automatic seat belts may earn rate discounts up to 30%.
- Distant Student – Children who attend school more than 100 miles from home and don’t have a car can receive lower rates.
- No Charge for an Accident – Certain companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear prior to the accident.
- New Car Discount – Adding a new car to your policy can cost up to 25% less because new vehicles have to meet stringent safety requirements.
Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most cut individual premiums such as collision or personal injury protection. So when the math indicates having all the discounts means you get insurance for free, you won’t be that lucky.
To see a list of companies who offer auto insurance discounts, click here.
Why you might be paying too much to insure your GMC Sierra 1500 Pickup
An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for auto insurance. Knowing what controls the rates you pay helps enable you to make changes that could result in lower auto insurance prices.
- Liability coverage is peace of mind – Liability coverage is the protection if ever a court rules you are at fault for damages from an accident. It provides legal defense which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
- Pay less after the wedding – Having a wife or husband can actually save you money on your auto insurance policy. It translates into being more mature than a single person it has been statistically shown that married couples file fewer claims.
- Lower rates with optional equipment – Choosing a vehicle with an alarm system can help bring down rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your car from being stolen.
- Are you male or female? – Statistics demonstrate that women are safer drivers than men. However, don’t assume that men are WORSE drivers than women. Both sexes tend to get into accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations like reckless driving and DUI.
- Choose a safe vehicle and save – Vehicles with high crash test scores can get you lower premiums. Safer cars have better occupant injury protection and better occupant protection translates into savings for insurance companies and more competitive rates for policyholders. If your GMC has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
- High numbers of claims are not good – If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Companies provide discounts to policyholders who are claim-free. Your insurance policy is intended for major claims that would cause financial hardship.
- Big city or small town – Living in small towns and rural areas can be a good thing when talking about auto insurance. Fewer drivers means a lower chance of having an accident and a lower car theft rate. Urban drivers have much more traffic to deal with and longer commute times. More time commuting means more change of being in an accident.
- More performance means more cost – The type of car you own makes a huge difference in your rates. The lowest rates are generally reserved for economy passenger vehicles, but other factors influence the final cost greatly. Since the GMC Sierra 1500 Pickup is a pickup truck, insuring your vehicle will cost similar in price compared to average rates.
Slick advertising tricks that work
Auto insurance companies such as Progressive, Allstate and GEICO constantly bombard you with ads in print and on television. They all seem to say the same thing that you can save if you switch to their company. How does each company say the same thing?
Different companies have a preferred profile for the right customer that makes them money. For instance, a driver they prefer could possibly be between the ages of 40 and 55, owns a home, and chooses high deductibles. A propective insured that hits that “sweet spot” receives the best rates and is almost guaranteed to save when switching.
Potential insureds who do not match these standards must pay more money and this can result in the customer not buying. The ad wording is “customers who switch” not “everyone that quotes” save that kind of money. That’s why companies can claim big savings. This illustrates why drivers must quote coverage with many companies. It’s just too difficult to predict the company that will have the lowest rates.
What is YOUR best insurance company?
Low-cost GMC Sierra 1500 Pickup insurance is available on the web and also from your neighborhood agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance providers may not provide online quoting and many times these smaller companies only sell through independent insurance agents.
You just read many ideas to save on GMC Sierra 1500 Pickup insurance. The key concept to understand is the more quotes you get, the better likelihood of reducing your rate. Drivers may discover the lowest premiums are with a small mutual company. Some small companies may only write in your state and offer lower rates compared to the large companies like State Farm, GEICO and Nationwide.
When shopping online for auto insurance, make sure you don’t buy less coverage just to save a little money. There have been many cases where someone sacrificed liability coverage limits and discovered at claim time that the small savings ended up costing them much more. Your aim should be to get the best coverage possible at the best price.
