Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Trust us, many consumers feel financially strained by their auto insurance policy.
You have so many insurers to purchase coverage from, and though it is a good thing to be able to choose, it makes it harder to locate the cheapest rates.
Shopping for the lowest cost auto insurance is not that difficult. Just about every vehicle owner who carries auto insurance will most likely be able to find lower rates. But drivers must understand the methods companies use to sell insurance online and apply this information to your search.
Lots of discounts mean lots of savings
Car insurance is not cheap, but you can get discounts to help offset the cost. Some discounts apply automatically at the time of quoting, but a few must be specially asked for before being credited.
- Save over 55 – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10% for P3500 Step van insurance.
- Anti-lock Brakes – Cars that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
- Clubs and Organizations – Being a member of a professional or civic organization is a good way to get lower rates on your policy for P3500 Step van insurance.
- Safety Course Discount – Completing a driver safety course could save 5% or more if you qualify.
- Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class in school.
Drivers should understand that some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as collision or personal injury protection. Just because you may think you can get free auto insurance, you’re out of luck. But any discount will reduce your overall premium however.
For a list of providers offering auto insurance discounts, click here.
Your GMC P3500 Step Van insurance rate is a complex equation
It’s important that you understand the rating factors that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively determines base rates allows you to make educated decisions that can help you get big savings.
- Safer occupants lowers premiums – Vehicles with high crash test scores get lower rates. Safer cars reduce injuries and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If your GMC earned at least four stars on Safercar.gov it is probably cheaper to insure.
- Don’t buy coverages you don’t need – There are a lot of extra bells and whistles that you can get tricked into buying on your auto insurance policy. Coverages for roadside assistance, accidental death and motor club memberships may be wasting your money. These may sound like a good investment when you first buy your policy, but if you don’t need them eliminate them to save money.
- Higher deductibles cost less – The deductibles define the amount you are willing to pay out-of-pocket before a claim is paid by your company. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Some examples of claims that would be covered are running into the backend of another car, damage from fire, and windstorm damage. The more the insured has to pay upfront, the bigger discount you will receive for P3500 Step van insurance.
- Older drivers pay less – Older drivers are more cautious drivers, tend to file fewer claims and tend to be better behind the wheel. Teenage drivers have a tendency to get distracted easily behind the wheel therefore auto insurance rates are much higher.
- High numbers of claims are not good – If you tend to file frequent claims, you can pretty much guarantee higher rates. Auto insurance companies provide better rates to policyholders who file claims infrequently. Insurance coverage is meant to be used in the event of the large, substantial claims.
- No coverage gaps is important – Having an insurance coverage lapse will be a sure-fire way to increase your auto insurance rates. And not only will your rates increase, but being ticketed for driving with no insurance might get you a hefty fine and possibly a revoked license.
Summing up your auto insurance search
As you go through the steps to switch your coverage, you should never sacrifice coverage to reduce premiums. In many cases, someone sacrificed liability coverage limits only to discover later that it was a big error on their part. Your goal should be to buy a smart amount of coverage at a price you can afford.
Affordable GMC P3500 Step Van insurance is attainable from both online companies and with local insurance agents, so compare prices from both to have the best chance of lowering rates. There are still a few companies who do not offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.
