How Much Does 2005 GMC Sierra 1500HD Insurance Cost?

Searching for lower car insurance rates for your GMC Sierra 1500HD? Did a good deal turn into an underperforming, overpriced car insurance policy? Believe me, you’re not alone.

Numerous insurance companies battle to insure your vehicles, so it’s not easy to compare every insurance company to find the lowest rate possible.

It’s smart to shop coverage around on a regular basis because car insurance prices go up and down regularly. Just because you found the lowest quotes for SierraHD insurance two years ago other companies may now be cheaper. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the right way to find the best coverage while lowering your premiums.

If you are paying for car insurance now, you will be able to lower your premiums substantially using these methods. Finding the best rates is not that difficult. Nevertheless, vehicle owners must understand how insurance companies sell online and use this information to your advantage.

How much is auto insurance?

When shopping for auto insurance there are multiple ways to compare prices from auto insurance companies in your area. The recommended way to compare rates is to perform an online rate comparison. It is quite easy and can be accomplished in several different ways.

One of the best ways to get the best comparison quotes would be an industry-wide quote request form (click to open form in new window). This form keeps you from doing separate quotation requests for every prospective company. Completing one form will return quotes direct from many companies.

A harder way to find better pricing requires visiting the website for each individual company and get a separate price quote. For sake of this example, we’ll pretend you are doing a rate comparison from Progressive, Farmers and GMAC. To do that, you would have to go to every website and type in your information over and over, and that explains why we recommend the first method. For a handy list of car insurance company links in your area, click here.

If you have time to kill, the last method to get rate quotes is to waste gas driving to insurance agencies in your area. Comparing online rate quotes eliminates this option unless you’re the type of person who wants the extra assistance of a licensed agent. Drivers can find lower rates online and still use a local agent.

Compare rates however you want, just make absolute certain that you use exactly the same coverages for each comparison quote. If your comparisons have different data you will not be able to decipher which rate is best. Quoting even small variations in insurance coverages can make a big difference in price. It’s important to know that quoting more provides better odds of finding the best rates. Not every company provides prices over the internet, so it’s necessary to compare price quotes from those companies as well.

More discounts mean cheaper premiums

Car insurance is expensive, but there could be significant discounts that can drop the cost substantially. Some discounts will apply when you complete an application, but some must be inquired about before you get the savings.

  • Home Ownership Discount – Owning your own home or condo can help you save on car insurance because maintaining a house requires a higher level of personal finance.
  • Driver’s Ed – It’s a good idea to have your young drivers enroll in driver’s education in school or through a local driver safety program.
  • Low Mileage Discounts – Low annual miles could be rewarded with lower rates due to less chance of an accident.
  • Organization Discounts – Belonging to a qualifying organization is a good way to get lower rates on your bill.
  • Federal Government Employee – Federal government employees can save as much as 8% for SierraHD insurance with a few car insurance companies.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Defensive Driver Discounts – Passing a class that teaches driver safety techniques can save you 5% or more and also improve your driving technique.
  • Good Driver Discount – Drivers who avoid accidents may save up to 50% more for SierraHD insurance than drivers with accidents.

Remember that most of the big mark downs will not be given to the entire policy premium. A few only apply to individual premiums such as collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, that’s just not realistic.

The best car insurance companies and some of their more popular discounts can be read below.

  • Progressive discounts include good student, homeowner, multi-vehicle, multi-policy, and online quote discount.
  • GEICO offers discounts including seat belt use, anti-lock brakes, membership and employees, air bags, federal employee, and good student.
  • State Farm offers premium reductions for safe vehicle, accident-free, good student, multiple autos, and student away at school.
  • Esurance has discounts for homeowner, emergency road assistance, online quote, claim free, renters, paid-in-full, and Pac-12 alumni.
  • The Hartford may have discounts that include air bag, anti-theft, vehicle fuel type, bundle, and defensive driver.

When getting a coverage quote, ask every insurance company which discounts can lower your rates. Some discounts might not apply everywhere. To see a list of insurers that offer many of these discounts, click here to view.

Components of your GMC Sierra 1500HD insurance rates

Many different elements are considered when premium rates are determined. Some are obvious such as your driving history, but other criteria are not as apparent such as your marital status and annual miles driven.Part of the insurance coverage buying process is learning the rating factors that help calculate your insurance coverage rates. If you have some idea of what determines base rates, this allows you to make good choices that may reward you with better insurance coverage rates.

  • Incidental coverages are wasting money – There are many additional extra coverages that can add up but may not be useful. Insurance for things like roadside assistance, towing, and extra equipment coverage may be wasting your money. These coverages may sound good when you first buy your policy, but your needs may have changed so eliminate them to save money.
  • Buy a safe car and pay less – Cars with high safety ratings can get you lower premiums. Vehicles built for safety help reduce the chance of injuries in an accident and reduced instances of injuries translates into fewer and smaller insurance claims and thus lower rates. If your GMC earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Can a thief steal your car? – Owning a car that has a built-in theft deterrent system can earn a premium discount. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
  • Better credit means lower premiums – Having a bad credit rating will be a significant factor in calculating your insurance coverage rates. People that have high credit ratings tend to be better risks to insure than those with bad credit. Therefore, if your credit can use some improvement, you could potentially save money when insuring your 2005 GMC Sierra 1500HD by improving your credit score.
  • Prices can be impacted by your occupation – Occupational choices like doctorspolice officers and medical professionals are shown to have higher premium rates attributed to job stress and long work hours. Other careers like professors, historians and the unemployed get better rates for SierraHD insurance.
  • Insurance rates for married couples – Having a significant other can get you a discount on your policy. It is viewed as being more mature and responsible and statistics show married drivers tend to file fewer claims.
  • Does auto insurance cost less for women? – Over time, data shows that females take fewer risks when driving. However, don’t assume that women are BETTER drivers than men. Males and females tend to get into accidents at about the same rate, but the men have accidents that have higher claims. Men also have more aggressive citations such as reckless driving. Teenage male drivers cause the most accidents and are penalized with high insurance coverage rates.
  • More miles driven equals more premium – The more miles you rack up on your GMC annually the higher your rates will be. A lot of companies apply a rate based upon how you use the vehicle. Autos used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Improper usage on your Sierra 1500HD may be wasting your money. Double check that your insurance coverage policy states the right rating data.

It’s not one size fits all

When choosing the best insurance coverage coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s needs are different so this has to be addressed. For example, these questions might help in determining if you could use an agent’s help.

  • When should my teen driver be added to my policy?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I need more liability coverage?
  • Is my nanny covered when driving my vehicle?
  • Does coverage extend to Mexico or Canada?
  • I have health insurance so do I need medical payments coverage?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Big names are not always cheapest

State Farm, GEICO and Progressive endlessly run ads on television and other media. All the ads advertise claims that drivers can save some big amount if you just switch to them. How does every company give you a better price? Here is the trick they use.

Insurance coverage companies have specific criteria for the type of driver that is profitable for them. A good example of this type of insured may need to be between 30 and 50, has no driving citations, and chooses high deductibles. Anybody that hits that “sweet spot” will qualify for the lowest prices and as a result will probably cut their rates if they switch.

Consumers who fall outside the requirements will be quoted more expensive rates which leads to the customer not purchasing. If you listen to the ad wording, they say “drivers who switch” but not “all drivers who get quotes” save the amount stated. That’s why insurance companies can confidently make the claims of big savings.

Because each company has a different risk profile, you should compare rate quotes every year. It is just not possible to predict which insurance companies will provide you with the cheapest car insurance rates.

Coverages available on your insurance policy

Knowing the specifics of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. These are the normal coverages offered by insurance companies.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your GMC Sierra 1500HD.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are set the same as your liablity limits.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for surgery, nursing services and X-ray expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

Liability auto insurance

Liability coverage will cover damages or injuries you inflict on other people or property in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as funeral expenses, loss of income and emergency aid. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Comprehensive (Other than Collision)

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, damage from a tornado or hurricane, vandalism and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto collision coverage

This coverage covers damage to your Sierra 1500HD caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a mailbox, colliding with a tree and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Best coverage at the best price

When getting auto insurance quotes online, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice collision coverage and learned later that the savings was not a smart move. Your goal is to buy the best coverage you can find for the lowest price but still have enough coverage for asset protection.

Cheap 2005 GMC Sierra 1500HD insurance can be purchased online as well as from independent agents, so get free auto insurance quotes from both of them to have the best rate selection. A few companies may not have online rate quotes and usually these small insurance companies prefer to sell through independent insurance agencies.

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