2001 GMC Sierra 3500 Insurance Rates

Searching for better insurance rates for your GMC Sierra 3500? Searching for more affordable insurance may at first seem to be intimidating for drivers that are relatively new to comparing rates on the internet. With such a big selection of agents and insurers available, how are drivers expected to even start to compare every company to locate the lowest price available?

The GMC Sierra 3500 insurance price equation

The best way to find cheaper car insurance is to take a look at some of the elements that play a part in calculating the level of your policy premiums. When consumers understand what influences your rates, this enables you to make decisions that may reward you with lower car insurance prices.

  • Higher prices for high stress jobs – Did you know your occupation can influence how much you pay for car insurance? Careers like judges, executives and medical professionals generally have higher premium rates because of intense work-related stress and long work days. Other jobs like scientists, engineers and retirees have the lowest average rates for Sierra insurance.
  • Physical damage deductibles – The deductibles you choose state the amount of money you are willing to pay out-of-pocket in the event of a claim. Protection for physical damage, also called ‘full coverage’, protects your car from damage. Some coverage claims are colliding with a stationary object, hail damage, and damage caused by road hazards. The more you’re willing to pay, the bigger discount you will receive for Sierra insurance.
  • Liability insurance preserves assets – Your car insurance policy’s liability coverage will provide protection in the event that you are found to be at fault for damages caused by your negligence. This coverage provides you with a defense in court which can cost a lot. Liability insurance is quite affordable compared to comp and collision, so buy as much as you can afford.
  • Teenagers are high risk – Mature drivers are more responsible, cause fewer claims and accidents , and are generally more financially stable.Inexperience drivers are proven to be less responsible when at the wheel of a vehicle and because of this, their car insurance rates are much higher.
  • Deter car thieves – Choosing to buy a car with an alarm system can earn a premium discount. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent car theft and help bring rates down.
  • Insurance rates in urban areas – Living in a rural area has definite advantages when shopping for auto insurance. Fewer drivers on the road translates into fewer accidents in addition to fewer liability claims. City drivers tend to have more aggressive driving styles and a longer drive to work. Spending more time driving means more chances of being involved in an auto accident.
  • Coverage lapses lead to higher rates – Driving your car without having proper coverage is a big no-no and your next policy will cost more because you let your insurance lapse. And not only will insurance be more expensive, not being able to provide proof of insurance could earn you a hefty fine and possibly a revoked license.
  • Getting married can save you money – Having a spouse may earn you lower rates on your car insurance bill. Having a significant other generally demonstrates drivers are more responsible and insurance companies like that married drivers tend to have fewer serious accidents.

The cheapest car insurance rate quotes

There are a variety of methods you can shop for car insurance but one way is more efficient than others. You can waste a few hours (or days) talking about coverages with insurance companies in your area, or you can utilize online quoting to achieve your goal.

Many of the larger companies participate in an industry program that enables customers to complete one form, and every company can provide price quotes based on the submitted data. This eliminates the need for quotation requests for every car insurance company.

To access this free quoting program, click here to open in new window.

The only downside to getting quotes like this is that consumers can’t choose the insurers you want pricing from. So if you want to choose specific insurance companies to compare, we have assembled a list of the cheapest car insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but double check that you are using the exact same coverage information on every price quote you get. If you enter unequal deductibles or liability limits it will be nearly impossible to determine the lowest rate for your GMC Sierra 3500. Just slight variations in coverage limits can mean a large discrepancy in price. Keep in mind that having more price comparisons provides better odds of finding the best price. Not every company provides online price quotes, so it’s recommended that you also compare quotes on coverage from those companies, too.

Why you might not save $418 a year

Companies like Allstate, GEICO and Progressive consistently run ads on TV and radio. All the companies tend to make the same promise about saving some big amount if you change your insurance policy to them. That’s great but how can every company make almost identical claims? This is the trick they use.

Companies offer their best rates for the type of insured that will not have excessive claims. A good example of a desirable risk may be over age 30, carries full coverage, and drives a car with an anti-theft system. Someone who matches that profile will get the preferred car insurance rates and have a good chance to cut their rates if they switch.

Consumers who do not fit this stringent profile may be required to pay higher premiums and ends up with the prospect going elsewhere. If you listen closely, the ads state “people who switch” not “everybody who quotes” save the amount stated. That’s why insurance companies can make it sound like they have such great prices. Because each company has a different risk profile, drivers must get insurance coverage quotes as often as possible. Because without a comparison, you cannot know the company that will have the best premium rates at this point in time.

Don’t miss these money-saving discounts

The price of auto insurance can be rather high, but you might already qualify for some discounts that you may not know about. Some of these disounts will be visible at quote time, but a few must be specifically requested prior to receiving the credit.

  • Seat Belts Save more than Lives – Drivers who require all vehicle occupants to use a seat belt can save up to 10 percent (depending on the company) off the personal injury premium cost.
  • Multiple Policy Discount – If you can combine your auto and home policy with the same insurance company you could earn a discount of 10% to 20% off each policy.
  • Multiple Cars – Insuring all your vehicles with the same insurance coverage company can reduce rates for all insured vehicles.
  • Life Insurance – Insurance carriers who offer life insurance give a lower price if you buy some life insurance too.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less for Sierra insurance as compared to drivers with claims.
  • Low Mileage Discounts – Fewer annual miles on your GMC could earn lower premium rates due to less chance of an accident.

Consumers should know that most discount credits are not given the the whole policy. Most cut the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that it’s possible to get free car insurance, that’s just not realistic.

A list of companies and some of the premium reductions they offer are detailed below.

  • Progressive includes discounts for continuous coverage, online quote discount, multi-policy, online signing, good student, and homeowner.
  • AAA may offer discounts for pay-in-full, multi-car, good driver, multi-policy, education and occupation, AAA membership discount, and anti-theft.
  • Farmers Insurance may include discounts for business and professional, good student, homeowner, electronic funds transfer, and multi-car.
  • GEICO offers discounts for anti-lock brakes, anti-theft, daytime running lights, emergency military deployment, and military active duty.
  • Esurance has savings for online quote, multi-policy, good driver, defensive driver, and good student.
  • SAFECO has discounts for safe driver, anti-lock brakes, bundle discounts, teen safe driver, drive less, and accident prevention training.
  • State Farm offers premium reductions for Steer Clear safe driver discount, anti-theft, multiple autos, multiple policy, accident-free, passive restraint, and good student.

When comparing rates, check with all the companies which discounts you may be entitled to. Some credits may not apply in your area. To find providers that offer some of these discounts, follow this link.

Do I need special coverages?

When choosing proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique.

These are some specific questions might point out if you would benefit from an agent’s advice.

  • Do I have coverage if my license is suspended?
  • When should I drop full coverage on my 2001 GMC Sierra 3500?
  • When can my company non-renew my policy?
  • How does medical payments coverage work?
  • Am I covered if I break a side mirror?
  • When would I need additional glass coverage?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form.

Insurance coverage specifics

Learning about specific coverages of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Coverage for collisions

This coverage pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like sustaining damage from a pot hole, hitting a mailbox, sideswiping another vehicle, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Liability car insurance

Liability coverage protects you from damage or injury you incur to other people or property in an accident. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like attorney fees, legal defense fees and medical services. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for immediate expenses for dental work, prosthetic devices, ambulance fees and X-ray expenses. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like fire damage, damage from flooding, a broken windshield, theft and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

This gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your GMC Sierra 3500.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Smart shoppers get results

As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. In many cases, someone sacrificed collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to find the BEST coverage at an affordable rate and still be able to protect your assets.

Lower-priced car insurance can be found on the web in addition to local insurance agencies, so you need to shop insurance coverage with both in order to have the best chance of saving money. Some companies may not provide online price quotes and many times these small, regional companies only sell coverage through independent agents.

Throughout this article, we presented some good ideas how you can save on 2001 GMC Sierra 3500 insurance. The key thing to remember is the more times you quote, the better your chances of lowering your rates. You may even discover the biggest savings come from a small local company.

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