Trying to find lower auto insurance rates for your GMC Sierra 1500? Are you regretting buying high-priced auto insurance? You’re in good company because there are lots of residents who feel the same. Since consumers have many companies and agents to choose from, it can be challenging to choose the best insurance company.
Companies that sell car insurance don’t list the complete list of policy discounts very clearly, so we break down some of the best known and also the lesser-known credits available to lower your premiums when you buy car insurance online.
Don’t be shocked that most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, you aren’t that lucky.
To see a list of insurance companies who offer online insurance quotes, click this link.
When choosing the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every insured’s situation is different and your policy should reflect that. These are some specific questions can aid in determining if your situation would benefit from an agent’s advice.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and can help protect your family.
Learning about specific coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average insurance policy.
Liability
This protects you from damage or injury you incur to a person or their property by causing an accident. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage pays for claims like medical services, pain and suffering, structural damage and court costs. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.
Collision coverage protection
This pays for damage to your Sierra 1500 caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as rolling your car, colliding with another moving vehicle and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible to bring the cost down.
Medical costs insurance
Med pay and PIP coverage reimburse you for bills for surgery, X-ray expenses and dental work. They are used in conjunction with a health insurance policy or if you do not have health coverage. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
UM/UIM Coverage
This gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your GMC Sierra 1500.
Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently these limits are similar to your liability insurance amounts.
Comprehensive or Other Than Collision
Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as theft, hail damage and damage from getting keyed. 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 it’s probably time to drop comprehensive insurance.
There are still a few companies who may not provide online price quotes and usually these smaller companies work with local independent agents. Cheaper auto insurance is definitely available on the web and with local insurance agents, so you should compare both to have the best rate selection.
As you prepare to switch companies, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many cases, someone dropped liability coverage limits and found out when filing a claim that the small savings ended up costing them much more. The proper strategy is to buy a smart amount of coverage at the best cost, but don’t skip important coverages to save money.
We just covered many ways to shop for 1997 GMC Sierra 1500 insurance online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding cheap car insurance. Consumers may even find the best price on auto insurance is with an unexpected company. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive or GEICO.