Cheaper 2015 GMC Sierra 1500 Insurance Cost

Scraping up a payment for expensive GMC Sierra 1500 insurance can take a big chunk out of your bank account and force you to make sacrifices.

Because you have many insurance providers from which to choose, it’s nearly impossible to pick the lowest cost insurance company.

It’s important to shop coverage around occasionally due to the fact that insurance prices go up and down regularly. If you had the lowest price for Sierra coverage two years ago you may be paying too much now. You can search a lot of car insurance on the internet, but we’re going to give you a bunch of ideas how to lower your car insurance rates.

First Step: Get free auto insurance quotes

The are a couple different ways of comparing price quotes from all the different companies. The recommended way to lower the rate you pay for GMC Sierra 1500 insurance is to use the internet to compare rates. This can be done using a couple different methods.

  1. The fastest way consumers can analyze rates is an all-inclusive rate comparison click here to open form in new window. This easy form eliminates the need for a different quote to each individual auto insurance company. A single form will return quotes direct from many companies.
  2. A more difficult way to compare rate quotes is to manually visit each company’s website and get a separate price quote. For sake of this example, we’ll assume you want to compare prices for USAA, Allstate and State Farm. You would have to take the time to go to each site and repeatedly enter your information, which can get rather old. For a list of links to insurance companies in your area, click here.
  3. The final method to find lower rates to insurance agents’ offices. Comparing rates online has reduced the need for local agents unless you have a complicated situation and need the guidance of a local agency. It is possible to comparison shop online but have a local agent actually write the policy.

However you get your quotes, double check that you are using apples-to-apples deductibles and coverage limits for every company. If you compare different liability limits it’s not possible to determine the best price for your GMC Sierra 1500. Quoting even small variations in limits may result in large price differences. Just remember that comparing a large number of companies helps increase your odds of locating the best price. Not every company does online rate quotes, so you need to compare rates from the smaller companies as well.

Car insurance policy discounts you can’t miss

Some insurance providers don’t necessarily list all possible discounts very clearly, so we took the time to find some of the more common as well as the least known savings tricks you should be using when you buy insurance online.

  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft so companies will give you a small discount.
  • Drivers Education – Cut your cost by having your teen driver enroll in driver’s education as it will make them better drivers and lower rates.
  • Driver Safety – Taking a course in driver safety could possibly earn you a 5% discount and easily pay for the cost of the class.
  • Data Collection Discounts – Drivers that enable their insurance company to look at where and when they drive through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot may see discounts if they exhibit good driving behavior.
  • Multi-line Discount – Companies who offer life insurance give better premium rates if you take out some life insurance too.
  • Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
  • Early Signing – Some larger companies reward drivers for buying a new policy early. You could save around 10% when you buy insurance online.
  • Low Mileage Discounts – Keeping the miles down on your GMC could be rewarded with slightly better premium rates than normal.
  • New Car Discount – Putting insurance coverage on a new car is cheaper since newer vehicles have better safety ratings.
  • Good Student Discount – Maintaining excellent grades could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.

While discounts sound great, it’s important to understand that many deductions do not apply to the entire cost. The majority will only reduce specific coverage prices like liability and collision coverage. Despite the appearance that you could get a free car insurance policy, companies wouldn’t make money that way.

Insurance companies that may have most of the discounts above possibly include:

Before buying, ask each insurance company how many discounts you can get. Some of the earlier mentioned discounts might not be available to policyholders in your state. If you would like to see a list of car insurance companies with the best car insurance discounts, click here.

Insurance agents can help

When it comes to buying adequate coverage for your personal vehicles, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions may help highlight if your insurance needs might need an agent’s assistance.

  • Who is covered when they drive my 2015 GMC Sierra 1500?
  • Is my teenager covered with friends in the car?
  • I have a DUI can I still get coverage?
  • Why am I required to buy high-risk coverage?
  • Am I covered if my car is in a flood?
  • What is UM/UIM insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • Why does it cost so much to insure a teen driver?

If you don’t know the answers to these questions, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area.

The GMC Sierra 1500 insurance price equation

Consumers need to have an understanding of some of the things that help calculate the rates you pay for car insurance. When consumers understand what impacts premium levels, this enables informed choices that could help you find lower car insurance prices. Lots of factors are used in the calculation when you quote your car insurance policy. Some factors are common sense like an MVR report, although some other factors are more transparent such as your credit history and annual miles driven.

Listed below are most of the major factors utilized by car insurance companies to help set your rates.

  • Always keep your car insurance in force – Having a lapse in insurance coverage will be a fast way to pay more for car insurance. And not only will insurance be more expensive, being ticketed for driving with no insurance will get you a steep fine or even jail time. You may then be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Drive a safer car and pay less – Vehicles with good safety scores are cheaper to insure. Safer cars have better occupant injury protection and any reduction in injury severity translates directly to fewer claims which can result in lower premiums.
  • If you don’t need it don’t buy it – There are a lot of add-on coverages that can waste your money on your Sierra 1500 policy. Things like replacement cost coverage, death and dismemberment, and motor club memberships may not be needed and are just wasting money. These may sound like a good investment when discussing your needs, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
  • High physical damage deductibles reduce premiums – Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your GMC. Some examples of claims that would be covered are a dented fender, damage from fire, and windstorm damage. Deductibles for physical damage state the amount of money you are required to pay in the event of a claim. The higher the amount you’re willing to pay, the less your company will charge you for insurance for Sierra coverage.
  • Fewer miles means better prices – The higher the miles on your GMC in a year the higher your rate. Many insurance companies calculate prices partially by how you use the vehicle. Cars that have low annual miles receive better premium rates than vehicles that are driven to work every day. Having an incorrect usage rating on your Sierra 1500 can cost quite a bit. Double check that your declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money.

Save 15 percent in 15 minutes? Is it for real?

State Farm, GEICO and Progressive continually stream ads in print and on television. They all seem to convey the message that drivers will save a bundle just by moving to them. How is it possible that every company can give you a better price? This is how they do it.

Companies require specific criteria for the type of customer they prefer to insure. For example, a desirable risk could possibly be over the age of 45, has other policies, and has great credit. Any person who fits that profile is entitled to the best price and is almost guaranteed to cut their rates substantially.

Drivers who may not quite match those criteria will probably have to pay a more expensive rate which translates to the customer buying from someone else. The ads say “people who switch” not “all people who quote” save money. This is how companies can make claims that they all have the best prices.

This illustrates why you really need to compare quotes as often as possible. Because you never know which insurance coverage company will have the best premium rates.

Insurance coverage specifics

Learning about specific coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. These are the normal coverages found on the average insurance policy.

Comprehensive insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as hail damage, damage from a tornado or hurricane, damage from getting keyed, hitting a bird and rock chips in glass. The maximum amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses for ambulance fees, funeral costs, nursing services and doctor visits. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for liability

This coverage provides protection from damage that occurs to people or other property in an accident. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things like repair costs for stationary objects, repair bills for other people’s vehicles, emergency aid, funeral expenses and loss of income. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your GMC Sierra 1500.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits are set the same as your liablity limits.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as crashing into a building, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

More quotes mean more savings

We just presented some good ideas how to shop for 2015 GMC Sierra 1500 insurance online. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers could even find that the best car insurance rates are with some of the smallest insurance companies. These smaller insurers may only write in your state and offer lower premium rates than the large multi-state companies such as Progressive or GEICO.

When you buy insurance online, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many situations where an insured cut collision coverage and found out when filing a claim that they should have had better coverage. Your objective should be to buy enough coverage at the lowest possible cost.

More detailed auto insurance information can be read by following these links: